Today’s MYGA Rates Available in Colorado
Multi-year guaranteed annuity (MYGA) rates change frequently and availability varies by state. Rather than show a snapshot that goes stale, we maintain a live comparison of 2,400+ products from 60+ carriers, updated from industry rate feeds.
Compare live MYGA rates for Colorado
Filter by term, carrier rating, and minimum premium — then connect with a licensed Colorado agent about any rate you see.
See Today’s Rates →How Colorado taxes annuity income
Colorado applies a flat income tax (4.40% statutory rate; temporary TABOR-driven reductions apply in some years) to the taxable portion of annuity distributions. But the headline rate overstates what most retirees actually pay, because of Colorado's pension and annuity subtraction:
- Age 65 and older: subtract up to $24,000 of taxable pension and annuity income per person, per year.
- Age 55–64: subtract up to $20,000 per person, per year.
Taxpayers 65 and older may also subtract the full amount of Social Security benefits included in federal taxable income (and many taxpayers 55–64 qualify within AGI limits). For a married couple 65+, that's up to $48,000 of annuity income per year with zero Colorado tax. Federal income tax and the 10% federal early-withdrawal penalty (before age 59½) apply as usual.
Source: Colorado Department of Revenue — Information for Retirees
Colorado Annuity Regulations
Free Look Period: At least 10–15 days; see your contract's cover page
Colorado annuity contracts include a free look period — a window after delivery during which you may return the contract for a refund:
- Most contracts: at least 10 days, with the exact period stated on your contract's cover page.
- Disclosure protection: if the required annuity buyer's guide and disclosure document were not provided at or before application, Colorado's adoption of the NAIC disclosure model requires a free look of at least 15 days.
Carriers may offer longer periods. Confirm current requirements with the Colorado Division of Insurance.
Best Interest Standard: Adopted — effective November 1, 2022
Effective November 1, 2022, Colorado holds producers to the NAIC best-interest standard of conduct when recommending an annuity. The producer must act in the consumer's best interest — satisfying care, disclosure, conflict-of-interest, and documentation obligations — and may not place their own financial interest ahead of the consumer's. Producers must complete a 4-hour best-interest training course before selling annuities, and insurers must maintain supervision systems over recommendations.
Source: Colorado Division of Insurance
Replacement Rules
Colorado requires consumer protections when an existing annuity or life insurance policy is replaced:
- A written replacement notice identifying the contracts being replaced and disclosing surrender charges, benefits, and features being given up.
- Notification to the existing insurer.
- A documented best-interest basis for the recommendation — replacements driven primarily by producer compensation violate Colorado's standard of conduct.
