Regulation · State guide
Rhode Island 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 Rhode Island law says
Free-look period
A Rhode Island annuity contract holder has at least 20 days after delivery to return the contract and get the premium refunded for any reason.
R.I. Gen. Laws § 27-4-6.1, Rhode Island General Laws § 27-4-6.1 — Right to examine and return policyVerified 2026-08-25
What your agent owes you
A producer recommending an annuity must act in your best interest, without placing the producer's or insurer's financial interest ahead of yours.
230-RICR-20-25-1.6(A), Rhode Island Insurance Regulation 12 (Suitability in Annuity Transactions), § 1.6(A) — Duties of insurers and producers, best interest obligationsVerified 2026-08-25
How Rhode Island taxes annuity income
Rhode Island starts from your federal adjusted gross income, so the taxable portion of an annuity payment is taxed as ordinary Rhode Island income.
R.I. Gen. Laws § 44-30-12(a), Rhode Island General Laws § 44-30-12 — Rhode Island income of a resident individualVerified 2026-08-25
Who regulates annuities in Rhode Island
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 Rhode Island 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.
Compare annuity rates in Rhode Island
Get a personalized annuity review or see current rates filed in Rhode Island.
This page is educational and is not legal, tax, or insurance advice. State rules change. Verify anything here with the Rhode Island insurance department before acting.
Compare annuity rates in Rhode Island
Answer a few questions and compare the products that fit you, on today's rates.