Today’s MYGA Rates Available in Idaho
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 Idaho
Filter by term, carrier rating, and minimum premium — then connect with a licensed Idaho agent about any rate you see.
See Today’s Rates →How Idaho taxes annuity income
Idaho applies a flat income tax of 5.3% (effective January 1, 2025, reduced from 5.69%, per the Idaho State Tax Commission) to the taxable portion of annuity distributions. Qualified annuity distributions (IRA or 401(k) rollovers) are fully taxable as ordinary income; non-qualified annuities are taxed only on the earnings portion under exclusion-ratio rules.
Idaho does not tax Social Security benefits. Idaho provides a retirement benefits deduction for certain public pensions (PERSI, some civil service plans); most private annuities and IRA distributions do not qualify for that deduction. Federal income tax and the 10% federal early-withdrawal penalty (before age 59½) apply as usual.
Source: Idaho State Tax Commission — Individual Income Tax (2025 rate)
Idaho Annuity Regulations
Free Look Period: 20 days
Idaho provides annuity purchasers a generous 20-day free look period from delivery of the contract — one of the longer windows in the country — during which the contract may be returned for a full 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 Idaho Department of Insurance.
Best Interest Standard: Adopted — effective July 1, 2021
Effective July 1, 2021, Idaho holds producers to the NAIC best-interest standard of conduct when recommending an annuity (Idaho Code Ann. §41-1940). 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: Idaho Code Ann. §41-1940 — Idaho Department of Insurance
Replacement Rules
Idaho 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 Idaho Code Ann. §41-1940.
