Today’s MYGA Rates Available in Montana
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 Montana
Filter by term, carrier rating, and minimum premium — then connect with a licensed Montana agent about any rate you see.
See Today’s Rates →How Montana taxes annuity income
Montana taxes most retirement income, and honest planning starts there. Two brackets apply: 4.7% on lower income and 5.65% above the threshold (2026; the top rate steps down to 5.4% in 2027). The taxable portion of annuity distributions is taxed as ordinary income — qualified annuities fully, non-qualified annuities on the earnings portion.
Montana is also one of only eight states that still taxes Social Security benefits, following federal taxability rules. Taxpayers 65 and older receive a modest $5,500 subtraction, and several senior deductions were eliminated in recent reforms. For Montana retirees, tax-deferred accumulation and careful withdrawal sequencing matter more than in most states — coordinate timing with a Montana tax professional.
Source: Montana Department of Revenue — Individual Income Tax
Montana Annuity Regulations
Free Look Period: At least 10 days; see your contract's cover page
Montana 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, Montana'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 Montana Commissioner of Securities and Insurance.
Source: Montana Commissioner of Securities and Insurance — consumer resources
Best Interest Standard: Adopted — effective October 1, 2021
Effective October 1, 2021, Montana holds producers to the NAIC best-interest standard of conduct when recommending an annuity (Mont. Code Ann. §33-20-8 et seq.). 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.
Replacement Rules
Montana 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 Montana's standard of conduct.
Source: Montana Commissioner of Securities and Insurance — consumer resources
