AnnuityAdvisors - Where advisors go for advice
Premium Tax

Premium tax rates may be changed at any time by a state (including after policy issue).
Some insurance companie may absorb the premium tax when issuing a policy, or factor it in to the pricing of the product. Rarely is it an out-of-pocket expense to the purchaser.

Premium taxes are applied based on the state in which the purchaser resides at the time the premium is paid.
Below are the states where premium taxes are charged to the annuity owner (purchaser). These rates may change, so check with us if you want to be sure.




South Dakota

Virgin Islands

West Virginia



Last Updated: 2/26/2014 5:13:00 PM