Today’s MYGA Rates Available in Delaware
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 Delaware
Filter by term, carrier rating, and minimum premium — then connect with a licensed Delaware agent about any rate you see.
See Today’s Rates →How Delaware taxes annuity income
Delaware applies graduated income tax rates (0%–6.6%) to the taxable portion of annuity distributions — but a meaningful pension and retirement income exclusion reduces what most retirees actually owe:
- Age 60 and older: exclude up to $12,500 per person of eligible retirement income, including annuity distributions, IRA and 401(k) withdrawals, dividends, interest, capital gains, and net rental income (30 Del. C. §1106(b)(3)).
- Under age 60: exclude up to $2,000 of employer pension income.
A married couple where both spouses are 60 or older can each claim the $12,500 exclusion — up to $25,000 combined per year. Delaware does not tax Social Security benefits. Federal income tax and the 10% federal early-withdrawal penalty (before age 59½) apply as usual. Confirm the current exclusion ceiling with the Delaware Division of Revenue, as pending legislation (HB 108, 153rd General Assembly) proposed raising it to $25,000 per person.
Source: Delaware Division of Revenue — Personal Income Tax FAQs
Delaware Annuity Regulations
Free Look Period: At least 10 days; see your contract's cover page
Delaware annuity contracts include a free look period — a window after delivery during which you may return the contract for a full refund with no surrender charges. The minimum period is at least 10 days for most contracts, with the exact terms stated on your contract's cover page.
Carriers may offer longer periods than the state minimum. Confirm current requirements with the Delaware Department of Insurance.
Source: Delaware Department of Insurance — consumer resources
Best Interest Standard: Adopted — effective August 1, 2021
Effective August 1, 2021, Delaware 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: Delaware Department of Insurance
Replacement Rules
Delaware 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 so it can provide the consumer with relevant policy information.
- A documented best-interest basis for the recommendation — replacements driven primarily by producer compensation violate Delaware's standard of conduct.
Source: Delaware Department of Insurance — consumer resources
