Regulation · State guide
Utah annuity rules
Top 5-year MYGA
6.30%
B++ or better, yield to surrender
- FIA S&P cap
- 17.00%
- As of
- Oct 26
What Utah law says
Free-look period
A Utah annuity contract holder has 10 days after delivery to return the contract and cancel it for any reason — 30 days if the contract replaced another one.
Utah Code § 31A-22-423, Utah Code § 31A-22-423 — Policy and annuity examination periodVerified 2026-08-25
How Utah taxes annuity income
Utah starts from your federal adjusted gross income to compute state taxable income, so the taxable portion of an annuity payment is taxed as ordinary Utah income.
Utah Code § 59-10-103(1)(z), Utah Code § 59-10-103 — "State taxable income" defined as federal adjusted gross income after statutory adjustmentsVerified 2026-08-25
Who regulates annuities in Utah
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 Utah 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 Utah insurance department before acting.
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