Regulation · State guide
Who regulates annuities in Massachusetts, what protections exist, and where to verify a carrier or producer before you buy.
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A producer recommending an annuity must act in your best interest under the circumstances known at the time, without placing their own or the insurer's financial interest ahead of yours.
211 CMR 96.05(1) — Massachusetts Division of Insurance, 211 CMR 96.00: Suitability in Annuity TransactionsVerified 2026-08-25
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.
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.
Get a free annuity review or see current rates filed in Massachusetts.
This page is educational and is not legal, tax, or insurance advice. State rules change. Verify anything here with the Massachusetts insurance department before acting.