CD-Type Annuities - State by State Approval

Every state has an insurance board that is responsible for deciding which annuities are available to its residents. Some annuity boards (e.g. New York, Washington) approve very few annuities in their states. Others allow their citizens much more choice. Furthermore, each state’s insurance board places different requirements on the annuities available in their states. As a result, some annuities may not be available, may have special terms, or may have a special interest rate guarantee that only applies to your state. When shopping for a CD-type annuity, be sure to find out the availability and the variations that may apply to you.