Annuities in Indiana
Learn the basics of fixed and fixed indexed annuities in Indiana: who oversees annuity sales, how the free-look period works, what the state guaranty association is and which questions to ask before you buy. This page is general education. Laws, limits and taxes change often, so a licensed professional can go over what applies in Indiana today.
Good to know: this page is general education, not tax, legal or financial advice. Laws and taxes change often, and this page was last reviewed October 28, 2026. For the current rules in Indiana, book a call and a licensed professional can go over what applies today.
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*AnnuityTown is paid per qualified lead by the licensed partner company it connects you with.
Licensed professionals can only help people in states where they are licensed. The licensed partner confirms whether it can help you in Indiana when you reach out.
Here is general background on six topics that come up with fixed and fixed indexed annuities in Indiana, gathered from public sources as of October 28, 2026. Laws and limits change, so treat these as a starting point and confirm the current details before you decide anything.
Indiana gives annuity owners an unrestricted right to return the contract on or before the 10th day after receiving it. The company refunds the amount paid into the fixed account. Check the contract for the return period printed on it.
Source: Ind. Code §27-1-12.6-5
Indiana has adopted the 2020 NAIC suitability model revisions. Producers must act in the consumer's interest when recommending an annuity, and insurers must maintain supervision of those recommendations. The rule took effect July 1, 2024.
Source: 760 IAC 1-72
Indiana Life & Health Insurance Guaranty Association: $250,000 in present value of annuity benefits, including net cash surrender and net cash withdrawal values, per person, subject to the statute's aggregate per-person limits
Coverage has limits and conditions and applies only if an insurer becomes insolvent. It is not a reason to buy an annuity and does not replace checking an insurer’s financial strength. See current details at the association’s website.
Source: Ind. Code §27-8-8-2.3(f)(2)(A)(vi)
How annuity income is taxed in Indiana depends on current state and federal law and on your own situation, and tax rules change often. AnnuityTown does not give tax advice. A tax professional can tell you what applies to you.
Whether an annuity is protected from creditors in Indiana depends on current law and the facts of each situation. AnnuityTown does not give legal advice. An attorney licensed in Indiana can tell you what applies to you.
Indiana Department of Insurance licenses insurance professionals, oversees insurers and handles consumer complaints in Indiana.
Visit the Indiana Department of Insurance or call 800-622-4461.
A licensed professional should answer these clearly. You never need to decide during the first conversation.
Ask what it costs to take money out early, and how much you can withdraw each year without a charge.
For a fixed annuity, ask how long the rate is set. For a fixed indexed annuity, ask about caps, participation rates and spreads.
Write down the date. Indiana law gives you a set number of days to review the contract and return it.
Guarantees depend on the issuing insurer’s claims-paying ability. Ask about the insurer’s financial strength ratings.
Ask how federal and state taxes apply to your situation, and check with a tax professional.
Annuities are not insured by the FDIC. If the insurer that issued your annuity becomes insolvent, the Indiana Life & Health Insurance Guaranty Association may provide limited coverage of up to $250,000 in present value of annuity benefits, subject to conditions and limits. That coverage is not a substitute for reviewing an insurer's financial strength. This is general information as of the last review, and laws and limits can change.
How annuity income is taxed in Indiana depends on current state and federal law and on your own situation, and tax rules change often. AnnuityTown does not give tax advice. A tax professional can tell you what applies to you, and a licensed professional can explain how annuities generally work.
Indiana gives annuity owners an unrestricted right to return the contract on or before the 10th day after receiving it (Ind. Code §27-1-12.6-5). Check your contract for the period printed on it. This is general information as of the last review, and laws and limits can change.
Whether an annuity is protected from creditors in Indiana depends on current law and the facts of each situation, and these laws change. AnnuityTown does not give legal advice. An attorney licensed in Indiana can tell you what applies to you.
The Indiana Department of Insurance regulates insurers and producers in Indiana. Its consumer services line is 800-622-4461, and its website is in.gov/idoi. This is general information as of the last review, and laws and limits can change.
This page is for general educational purposes only. AnnuityTown is not a law firm, tax advisor, financial advisor or insurance company, and nothing on this page is legal, tax, investment or insurance advice or a recommendation. State laws, limits and tax rules change often, and this page is not updated continuously, so it may not reflect current law (last reviewed October 28, 2026). Do not rely on it to make a decision.
Before you act, confirm the current rules with your contract, the Indiana Department of Insurance, a tax professional or an attorney. A licensed professional with the licensed partner can also go over the current rules for Indiana on a call.
Rules change often, so you do not have to keep up with them alone. A licensed professional can go over the current rules in Indiana and the fixed and fixed indexed annuities you are considering. For personal tax or legal advice, talk with a tax professional or attorney. The licensed partner confirms whether it can help in Indiana.
*AnnuityTown is paid per qualified lead by the licensed partner company it connects you with.