North Dakota Annuities

Today’s MYGA Rates Available in North Dakota

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.

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Rates are subject to change and are not guaranteed until a policy is issued and accepted. Not FDIC-insured. Not a deposit. Guarantees are subject to the claims-paying ability of the issuing insurer. Product availability varies by state.

Tax information is compiled from publicly available state sources and was last reviewed in June 2026. Verify current rules with the state revenue department or a qualified tax professional.

How North Dakota taxes annuity income

North Dakota has one of the lowest income tax burdens of any state with an income tax. Following its 2023 reform, rates are 0% on lower incomes, 1.95% in the middle bracket, and a top rate of just 2.5%. The taxable portion of annuity distributions is taxed as ordinary income — qualified annuities fully, non-qualified annuities on the earnings portion — but at rates that barely register compared to most states.

North Dakota does not tax Social Security benefits, and military retirement pay is fully exempt. Many lower- and middle-income North Dakota retirees owe little or no state income tax at all. Federal income tax and the 10% federal early-withdrawal penalty (before age 59½) apply as usual.

Source: North Dakota Office of State Tax Commissioner

This information is for general educational purposes only and does not constitute tax advice. Tax laws change frequently. Consult a qualified tax professional for advice specific to your situation. Annuity.com does not provide tax, legal, or accounting advice.

Regulatory information is summarized from official state sources cited below and was last reviewed in June 2026. Always verify current requirements with the North Dakota Insurance Department.

North Dakota Annuity Regulations

Free Look Period: At least 10 days; see your contract's cover page

North Dakota 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 North Dakota Insurance Department.

Source: North Dakota Insurance Department — consumer resources

Best Interest Standard: Adopted — effective January 1, 2022

Effective January 1, 2022, North Dakota 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.

Source: North Dakota Insurance Department

Replacement Rules

North Dakota 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 North Dakota's standard of conduct.

Source: North Dakota Insurance Department — consumer resources

Regulatory information is summarized for educational purposes and may not reflect the most recent legislative or administrative changes. This content does not constitute legal advice. Consult the North Dakota Insurance Department or a qualified insurance professional for the most current requirements.

Frequently Asked Questions

Does North Dakota tax annuity income?

Yes, but at the lowest rates of nearly any income-tax state: 0%, 1.95%, and a 2.5% top rate after the 2023 reform. Social Security is not taxed, and many lower- and middle-income retirees owe little or no North Dakota income tax at all.

What is the free look period for annuities in North Dakota?

North Dakota annuity contracts include a free look period of at least 10 days for most contracts, with the exact period stated on your contract's cover page.

Does North Dakota require annuity agents to act in my best interest?

Yes. Effective January 1, 2022, North Dakota holds producers to the NAIC best-interest standard. Agents must act in the consumer's best interest and complete a 4-hour best-interest training course.

What protections apply when replacing an annuity in North Dakota?

A written replacement notice, disclosure of what you'd give up, notification to your existing insurer, and a documented best-interest basis for the recommendation are required.

How do I verify a North Dakota annuity agent's license?

Use the North Dakota Insurance Department license lookup at insurance.nd.gov to confirm any agent holds an active North Dakota insurance license.