Regulation · State guide
Montana 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 Montana law says
Free-look period
If the insurer or producer didn't give you the required disclosure document and buyer's guide at or before the time you applied, Montana gives you at least 15 days after delivery to return the annuity contract without penalty.
Mont. Code Ann. § 33-20-905(3), Montana Annuity Disclosure Act § 33-20-905 — free-look period when disclosure document and buyer's guide are not provided at applicationVerified 2026-08-25
What your agent owes you
A producer recommending an annuity must act in your best interest and may not put their own or the insurer's financial interest ahead of yours.
Mont. Code Ann. § 33-20-805, Montana Suitability in Annuity Transactions Act § 33-20-805 — duties of insurers and producers, best-interest obligationsVerified 2026-08-25
How Montana taxes annuity income
Montana starts from your federal taxable income and applies its own adjustments, so the taxable portion of an annuity payment is taxed as Montana income.
Mont. Code Ann. § 15-30-2120, Montana Code § 15-30-2120 — adjustments to federal taxable income to determine Montana taxable incomeVerified 2026-08-25
Who regulates annuities in Montana
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 Montana 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 Montana insurance department before acting.
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