Annuities in Missouri
Learn the basics of fixed and fixed indexed annuities in Missouri: 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 Missouri 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 Missouri, book a call and a licensed professional can go over what applies today.
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Licensed professionals can only help people in states where they are licensed. The licensed partner confirms whether it can help you in Missouri when you reach out.
Here is general background on six topics that come up with fixed and fixed indexed annuities in Missouri, 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.
Missouri requires individual annuity contracts to allow you to return the contract within at least 10 days of delivery for a full premium refund. Read your contract for the exact dates, since the period starts when you receive the policy.
Source: 20 CSR 400-1.010(1)(D)
Missouri's annuity suitability rule adopts the NAIC Model 275 revisions. It requires producers to act in the consumer's interest when recommending an annuity, effective August 30, 2024.
Source: 20 CSR 400-5.900; Missouri DCI Bulletin 24-07
Missouri Life and Health Insurance Guaranty Association: Up to $250,000 in present value of annuity benefits per person per company. Only the fixed portion of an annuity is covered.
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: RSMo §§ 376.715 to 376.758; 20 CSR 400-5.600
How annuity income is taxed in Missouri 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 Missouri depends on current law and the facts of each situation. AnnuityTown does not give legal advice. An attorney licensed in Missouri can tell you what applies to you.
Missouri Department of Commerce and Insurance licenses insurance professionals, oversees insurers and handles consumer complaints in Missouri.
Visit the Missouri Department of Commerce and Insurance or call 800-726-7390.
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. Missouri 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 an insurer becomes insolvent, the Missouri Life and Health Insurance Guaranty Association may cover up to $250,000 in the fixed portion of annuity benefits, subject to conditions and limits. This coverage does not replace a review of the insurer's financial strength, and any contract guarantees depend on the insurer's claims-paying ability. This is general information as of the last review, and laws and limits can change.
How annuity income is taxed in Missouri 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.
Missouri requires at least 10 days after delivery to return an individual annuity for a full premium refund. The state's consumer guidance uses the same 10-day standard. Read your contract for the exact dates before the period ends. This is general information as of the last review, and laws and limits can change.
Whether an annuity is protected from creditors in Missouri depends on current law and the facts of each situation, and these laws change. AnnuityTown does not give legal advice. An attorney licensed in Missouri can tell you what applies to you.
The Missouri Department of Commerce and Insurance regulates insurers and insurance producers, including annuity sales. Its Insurance Consumer Hotline can be reached at 800-726-7390. 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 Missouri Department of Commerce and Insurance, a tax professional or an attorney. A licensed professional with the licensed partner can also go over the current rules for Missouri 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 Missouri 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 Missouri.
*AnnuityTown is paid per qualified lead by the licensed partner company it connects you with.