Today’s MYGA Rates Available in Connecticut
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 Connecticut
Filter by term, carrier rating, and minimum premium — then connect with a licensed Connecticut agent about any rate you see.
See Today’s Rates →How Connecticut taxes annuity income
Connecticut applies graduated income tax rates (2%–6.99%) — but for most retirees, the headline rates aren't what matters. Connecticut's pension and annuity income deduction allows taxpayers to deduct 100% of pension and annuity income from Connecticut taxable income if federal AGI is below $75,000 (single or married filing separately) or $100,000 (joint or head of household). Above those thresholds, the deduction phases out gradually rather than dropping to zero.
Social Security benefits are fully exempt under the same AGI thresholds. The practical result: many Connecticut retirees pay no Connecticut income tax on their annuity income at all. Federal income tax and the 10% federal early-withdrawal penalty (before age 59½) apply as usual.
Source: Connecticut General Assembly OLR — Income Tax Deductions for Retirement Income (2025-R-0152)
Connecticut Annuity Regulations
Free Look Period: 10 days
Connecticut provides annuity purchasers a 10-day free look period from delivery of the contract, during which the contract may be returned for a refund with no surrender charges.
Carriers may offer longer periods than the state minimum — the exact terms are stated on your contract's cover page. Confirm current requirements with the Connecticut Insurance Department.
Source: Connecticut Insurance Department — consumer resources
Best Interest Standard: Adopted — effective March 1, 2022
Effective March 1, 2022, Connecticut holds producers to the NAIC best-interest standard of conduct when recommending an annuity (Conn. Agencies Regs. §§38a-432a-1 to 38a-432a-8). 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.
Source: Conn. Agencies Regs. §38a-432a — Connecticut Insurance Department
Replacement Rules
Connecticut 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 under Connecticut's standard of conduct.
Source: Connecticut Insurance Department — consumer resources
