Regulation · State guide
Colorado annuity rules
Top 5-year MYGA
6.30%
B++ or better, yield to surrender
- FIA S&P cap
- 17.00%
- As of
- Oct 27
What Colorado law says
Free-look period
If you weren't given the buyer's guide and disclosure document at or before you applied, Colorado requires a free-look period of at least 15 days to return the annuity contract without penalty.
3 CCR 702-4, Colo. Ins. Reg. 4-1-12, Code of Colorado Regulations 3 CCR 702-4 Series 4-1, Regulation 4-1-12 — disclosure requirements for annuity transactions, free-look periodVerified 2026-08-25
What your agent owes you
A producer recommending an annuity must act in your best interest and may not put the producer's or the insurer's financial interest ahead of yours.
3 CCR 702-4, Colo. Ins. Reg. 4-1-11, Code of Colorado Regulations 3 CCR 702-4 Series 4-1, Regulation 4-1-11 — best interest obligations and supervision in annuity transactionsVerified 2026-08-25
How Colorado taxes annuity income
If you are 55 or older, Colorado lets you subtract qualifying pension and annuity income from your state taxable income — up to $20,000 a year at ages 55 to 64, and up to $24,000 at 65 or older. Below 55 there is no subtraction.
1 CCR 201-2, Rule 39-22-104(4)(f), Code of Colorado Regulations 1 CCR 201-2, Rule 39-22-104(4)(f) — pension and annuity subtraction from federal taxable incomeVerified 2026-08-25
Who regulates annuities in Colorado
Fixed annuities are insurance products, so they are overseen by the state insurance department rather than by the SEC. The department licenses the carriers and the producers who sell them, and it takes consumer complaints.
The Colorado guaranty association
Every state has a life and health insurance guaranty association that steps in when a member insurer fails. Coverage terms are set by state law and differ by state and by product. Contact the association directly for what applies to a specific contract.
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This page is educational and is not legal, tax, or insurance advice. State rules change. Verify anything here with the Colorado insurance department before acting.
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