Annuities in Montana
Learn the basics of fixed and fixed indexed annuities in Montana: 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 Montana 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 Montana, 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 Montana when you reach out.
Here is general background on six topics that come up with fixed and fixed indexed annuities in Montana, 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.
Montana requires a free-look period of at least 15 days when the annuity disclosure document and buyer's guide are not provided at or before application. This period runs alongside any other free-look period under state law. Check your contract for the exact days.
Source: Mont. Code Ann. § 33-20-905(3)
Montana's annuity suitability rules require producers to act in the consumer's interest when recommending an annuity. The rules were amended in 2021 to reflect the NAIC Model 275 revisions.
Source: Mont. Code Ann. §§ 33-20-801 to 33-20-807
Montana Life and Health Insurance Guaranty Association: Up to $250,000 in present value of annuity benefits, including net cash surrender and withdrawal values. Up to $300,000 total per life for covered benefits.
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: Mont. Code Ann. § 33-10-224
How annuity income is taxed in Montana 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 Montana depends on current law and the facts of each situation. AnnuityTown does not give legal advice. An attorney licensed in Montana can tell you what applies to you.
Montana Commissioner of Securities and Insurance licenses insurance professionals, oversees insurers and handles consumer complaints in Montana.
Visit the Montana Commissioner of Securities and Insurance or call 800-332-6148.
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. Montana 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 Montana Life and Health Insurance Guaranty Association may cover up to $250,000 in 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 Montana 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.
Montana requires a free-look period of at least 15 days when the disclosure document and buyer's guide are not provided at or before application. Your contract sets the exact days. Read it carefully 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 Montana depends on current law and the facts of each situation, and these laws change. AnnuityTown does not give legal advice. An attorney licensed in Montana can tell you what applies to you.
The Montana Commissioner of Securities and Insurance regulates insurers and insurance producers, including annuity sales. Its Insurance Consumer Services can be reached at 800-332-6148 or 406-444-2040. 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 Montana Commissioner of Securities and Insurance, a tax professional or an attorney. A licensed professional with the licensed partner can also go over the current rules for Montana 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 Montana 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 Montana.
*AnnuityTown is paid per qualified lead by the licensed partner company it connects you with.