Las mejores empresas de rentas vitalicias de agosto de 2022

A pesar de que las anualidades se remontan a la Antigua Roma, no han recibido el mismo nivel de respeto que otras innovaciones de esa época. Quiero decir, ¿cuándo fue la última vez que criticaste el concepto de acueductos, libros encuadernados, periódicos o carreteras? Y, sin embargo, durante años la gente ha proclamado que las anualidades son demasiado complejas, costosas e irreverentes.

Para ser justos, hay poca verdad en estas evaluaciones. Después de todo, debido a que existen varios tipos diferentes de anualidades, puede ser abrumador si está considerando comprar una. Sin embargo, solo necesita concentrarse en los siguientes tipos;

• Las rentas fijas garantizan el principal, así como un tipo de interés mínimo. Son predecibles y pueden proporcionar un ingreso de por vida.
• Las anualidades variables también pueden garantizar un ingreso por el resto de su vida. Sin embargo, el valor de la cuenta y los pagos dependerán del rendimiento de una cartera de inversiones independiente, que puede fluctuar a diario.
• Las anualidades indexadas a la equidad contienen características de anualidades fijas y variables. Como resultado, obtendrá un rendimiento base mientras juega con el índice bursátil.

Además, puedes decidir si quieres que tu anualidad sea inmediata o diferida. Una anualidad inmediata es cuando toma una suma global de dinero y la convierte en una serie de pagos que comienzan a pagarse de inmediato. Con una anualidad diferida, deja que sus activos se acumulen hasta más tarde.

Incluso si esto todavía es demasiado para digerir, solo sé esto. Una anualidad es un contrato de seguro. También contiene una inversión subyacente. Y, a cambio de un pago único o una serie de pagos a lo largo de los años, recibirá un flujo de ingresos garantizado.

Si bien una anualidad no debe reemplazar su 401(k), debe ser parte de su plan de jubilación. Una vez más, una anualidad garantiza que nunca se quedará sin dinero mientras viva; las anualidades tampoco están garantizadas por la FDIC. Por eso, debe asegurarse de que está trabajando con una empresa que prometa cumplir con este acuerdo.

En términos generales, desea que la compañía de rentas vitalicias sea financieramente sólida y tenga una alta calificación a través de agencias como AM Best, Moody's y Standard &Poor's. Y, dependiendo de su situación financiera y plan exactos, también querrá considerar el pago anual y las cláusulas adicionales opcionales que ofrece la compañía, como los beneficios mínimos garantizados de vida, los beneficios mínimos garantizados por fallecimiento y las cláusulas adicionales de atención a largo plazo.

Metodología para ser una de las principales empresas de rentas vitalicias

Hemos identificado seis ingredientes principales que nos permiten comprender cuál es la mejor anualidad que funciona para usted. No todas las compañías de rentas vitalicias son iguales y no todas las compañías de rentas vitalicias son adecuadas para todos. Algunos son mejores para las personas que están a punto de jubilarse, mientras que otros son mejores para los millennials.

Esta es la metodología y los datos que usamos para analizar cada empresa de rentas vitalicias:

1. Qué fácil es el proceso de registro
2. Qué fácil es el proceso de financiación
3. Opciones móviles para administrar la anualidad
4. Conocimiento y amabilidad del servicio al cliente
5. Facilidad de retiro
6. Problemas resueltos rápidamente

Hemos desglosado cada compañía de rentas vitalicias en lo que debería funcionar para usted en esta etapa de su vida. Esperamos que disfrute de la lista.

Resumen

Las mejores anualidades

Vencimiento
AIG
Jackson National Life​
Allianz Life of North America
Fidelity
American Equity
Brighthouse Financial
American National
CUNA Mutual Group​
Athene Annuity &Life
Global Atlantic
Great American Insurance
Nationwide
John Hancock Annuities
MassMutual​
Lincoln Financial Group
Midland National Life
New York Life
Northwestern Mutual
Symetra Life
OneAmerica
Pacific Life
Protective Life
Prudential Annuities
Vida transamericana

MEJOR ANUALIDAD GENERAL

Vence

Aplica ya

Anualidad general simple, sin tarifas ocultas, crecimiento anual del 3 %

Planificación de jubilación simple y directa para la persona promedio. Obtendrá un rendimiento garantizado del 3% para que sepa exactamente cuánto serán los pagos mensuales de su anualidad.

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Prima inicial mínima

$0

Tarifa anual

$120

Tasa de anualidad

3%

SOY. Mejor calificación

A

Por qué lo elegimos

Debido no solo ha simplificado las anualidades, la compañía aparentemente ha hecho lo imposible; hizo que las rentas vitalicias fueran accesibles para todos. Solo toma un par de minutos configurar su cuenta. Y ganará un 3% garantizado por cada dólar depositado sin trucos ni artilugios.

Ventajas y desventajas

• 3% de retorno garantizado
• Sin cuota anual
• Proceso de solicitud rápido, fácil y gratuito
• Puede realizar un retiro en cualquier momento a través del botón "Retirar hoy"
• Calculadora de anualidades integrada para ayudarlo a determinar cuánto necesita ahorrar cada mes
• Recursos educativos en línea

• Falta de variedad ya que Due solo ofrece una anualidad fija
• Si bien no hay una tarifa anual, hay una tarifa mensual de $10 para ayudar a administrar el plan y hacer crecer la empresa

Detalles de la empresa vencidos

• Fundada por el empresario John Rampton, experto en series y anualidades
• En promedio, los usuarios de Due reciben $2100 por mes en ingresos de jubilación.
• Due ofrece dos planes de anualidad. El primero es un plan gratuito en el que los usuarios reciben un 1 % de cada depósito en su plan Due. El segundo es un plan profesional en el que los usuarios ganan un 3 % en cada depósito, pero se les cobra $10 al mes por administrar este plan.

ANUALIDAD CON LA MEJOR TASA DE CRECIMIENTO DE INGRESOS

AIG

Aplica ya

Tasa de crecimiento de ingresos que encanta a los clientes

Puede abrir una anualidad a partir de los 50 años para ayudar a asegurar sus futuros ingresos de jubilación. AIG ofrece una amplia gama de soluciones de jubilación que incluyen anualidades fijas, variables e indexadas.

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Prima inicial mínima

$5,000 - $25,000

Tarifa anual

$0 (Anualidad), $50 (Variable)

Tasa de anualidad

Varía según el tipo de anualidad y los índices

SOY. Mejor calificación

A

Por qué lo elegimos

AIG es una empresa galardonada con una larga y rica historia. De hecho, la compañía es una de las compañías de rentas vitalicias mejor calificadas en el mercado y ofrece varios tipos de rentas vitalicias a sus clientes.

Ventajas y desventajas

• Ofrece anualidades fijas, indexadas y variables
• Funciones personalizables, incluida la frecuencia de pago; puede elegir pagos de por vida, un período fijo garantizado o pagos de supervivencia
• Las agencias de calificación financiera afirman que la empresa es financieramente sólida
• La empresa tiene reputación de manejar las quejas de los clientes

• Algunas de las opciones de AIG, como American Pathway Immediate Annuity, tienen rendimientos que son extremadamente subjetivos y pueden ser impredecibles
• Dependiendo de la anualidad, hay una amplia gama de tarifas. Por ejemplo, la anualidad Polaris Retirement Protector incluye; Tarifa de mantenimiento de contrato anual de $50, 0,46 % - 1,98 % de tarifa profesional de administración de dinero y 0,25 % de tarifa opcional de beneficio por fallecimiento

Detalles de la empresa AIG

• Fundada en 1919 por Cornelius Vander Starr
• Ofrece servicios financieros a clientes en más de 80 países
• Ganó el premio al mejor seguro de vida individual de los Cover Excellence Awards
• Uno de los principales vendedores de anualidades. En el tercer trimestre de 2020, AIG vendió la mayoría de las anualidades variables con $4,334,963 en ventas.

BENEFICIO DE MEJOR INGRESO RIDER

Vida Nacional de Jackson

Aplica ya

Increíbles cláusulas de anualidad para clientes

Jackson es conocido por ser transparente. Su anualidad está diseñada para inversores a largo plazo con un marco de tiempo de siete años o más. La versión de Jackson del beneficio adicional de ingresos generalmente recibe una garantía de bonificación anual del 7 %

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Prima inicial mínima

$5,000 - $25,000

Tarifa anual

$0 (fijo indexado, inmediato), $35-$50 (variable)

Tasa de anualidad

Varía según el tipo de anualidad y los índices

SOY. Mejor calificación

A

Por qué lo elegimos

Jackson National Life es un líder confiable en anualidades que ofrece diferentes tipos de anualidades para alinearse con sus planes de jubilación únicos.

Ventajas y desventajas

• Ofrece anualidades fijas, de índice fijo y variables
• Ahorros para la jubilación con impuestos diferidos
• Múltiples métodos de contacto; teléfono, fax, correo postal o correo electrónico
• Educación en línea disponible

• No se pueden comprar anualidades en línea
• Ya no vende productos de seguros de vida
• Los agentes independientes ganan una comisión por venderle una anualidad de Jackson

Detalles de Jackson National Life Company

• Fundada en 1961 en Jackson, Míchigan
• Fue el mayor vendedor de anualidades en 2019
• Tiene quejas de clientes por debajo del promedio, según la Asociación Nacional de Comisionados de Seguros (NAIC)
• Se considera financieramente fuerte y ha recibido una calificación A (Excelente) de AM Best

ANUALIDAD VARIABLE DE MEJOR ÍNDICE

Allianz Life de América del Norte

Aplica ya

Anualidad variable indexada por encima de todas las demás

Uno de los factores exclusivos que amamos de Allianz es la capacidad que tiene para elegir el fondo indexado en el que invertirá. La mayoría de los proveedores de anualidades no permiten esto. Allianz tiene una prima inicial mínima de $10,000.

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Prima inicial mínima

$10,000 - $20,000

Tarifa anual

$0. Allianz Index Advantage Variable Annuity tiene una tarifa de producto anual del 1,25 % + una tarifa de opción variable del 0,64 % al 0,72 %

Tasa de anualidad

1,10% (Anualidad Allianz 222)

SOY. Mejor calificación

A+

Por qué lo elegimos

Si tiene problemas para confiar en las empresas de rentas vitalicias, Allianz es una de las empresas mejor calificadas. Se encuentra dentro del 25% superior de las calificaciones de Standard and Poor's (S&P), Moody's y A.M. Mejor

Ventajas y desventajas

• Ofrece varios tipos de anualidades fijas indexadas y variables para adaptarse mejor a sus necesidades
• Tarifas bajas
• Compañía financieramente superior y de buena reputación

• Las tasas de anualidad son relativamente bajas
• Las anualidades indexadas pueden ser complejas, la empresa necesita más recursos educativos

Detalles de la empresa Allianz Life

• Fundada en 1869
• En el tercer trimestre de 2020, la empresa vendió $2 997 578 en enlaces de índice registrados

MEJOR ANUALIDAD CON IMPUESTOS DIFERIDOS

Fidelidad

Aplica ya

Fácil aplazamiento de impuestos con la anualidad de Fidelity

Es uno de los administradores de activos más grandes del mundo conocido por una excelente selección de fondos mutuos de bajo costo, así como servicios de corretaje. Divide sus seis anualidades en tres clases:jubilación, protección de activos y generación de ingresos.

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Prima inicial mínima

$0 - $10,000

Tarifa anual

Varía según el tipo de anualidad

Tasa de anualidad

Varía según el tipo de anualidad y la cantidad invertida

SOY. Mejor calificación

A++

Por qué lo elegimos

La compañía tiene tarifas comparativamente bajas y una amplia selección de fondos entre los que puede elegir al crear su cartera de jubilación.

Ventajas y desventajas

• Múltiples opciones de anualidad
• Varios métodos de financiación
• Transferencias de bajo costo
• Reequilibrio o comercio sin penalización
• Excelente servicio al cliente

• Para algunas anualidades, la inversión inicial puede ser costosa

Detalles de la empresa Fidelity

• Fundada en 1946
• Fortaleza financiera A++ (Superior) de A.M. Mejor

MEJOR ANUALIDAD DE SERVICIO AL CLIENTE

Renta variable estadounidense

Aplica ya

Los clientes elogian el servicio al cliente

American Equity aspira a convertirse en el principal seguro en términos de ahorro para la jubilación y productos de ingresos. La compañía vende múltiples productos de anualidades fijas, fijas indexadas e inmediatas.

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Prima inicial mínima

$5,000 - $10,000

Tarifa anual

$0

Tasa de anualidad

1% - 5% dependiendo de los términos del contrato

SOY. Mejor calificación

A-

Por qué lo elegimos

Según American Equity, la compañía “no tiene grandes estadios con el logotipo de American Equity, y no compra publicidad televisiva costosa ni tiene una mascota divertida. Lo que sí tienen que los coloca por delante de la competencia es un compromiso con las prácticas de inversión conservadoras que mantienen su dinero seguro y un servicio al cliente que no puede ser superado”.

Ventajas y desventajas

• Varias opciones diferentes de anualidades fijas e indexadas fijas
• Utiliza cuatro índices diferentes; S&P 500 Index, S&P 500 Dividend Aristocrats® Daily Risk Control 5% Index, Dow Jones Industrial Average (DJIA) y Bonos del Tesoro de EE. UU. a 10 años
• Tarifas competitivas declaradas al principio

• Los productos, como su Bonus Gold Annuity, lo aseguran durante 17 años

Detalles de American Equity Company

• Fundada en 1995
• Cuenta con 53.000 millones de dólares en activos bajo administración (AUM) de titulares de pólizas a partir del segundo trimestre de 2020
• Goza de buena salud financiera y ha recibido sólidas calificaciones de A.M. Best y Standard &Poor's (S&P)
•  

MEJOR ANUALIDAD COMPUESTA

Brighthouse Financial

Aplica ya

Buenas tasas de interés compuestas en los primeros años

Ofrece una selección de anualidades muy variada que incluye anualidades variables, de ingresos, de prima única fija diferida y de ingresos fijos diferidos.

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Prima inicial mínima

$2,500 - $25,000

Tarifa anual

$0 (tarifa anual de $30 por anualidad variable)

Tasa de anualidad

Varía según el tipo de anualidad y la cantidad invertida

SOY. Mejor calificación

A

Por qué lo elegimos

La compañía tiene tarifas comparativamente bajas y una amplia selección de fondos entre los que puede elegir al crear su cartera de jubilación.

Ventajas y desventajas

• Múltiples opciones de anualidades para satisfacer sus necesidades de jubilación
• Impuestos diferidos
• Sin cuotas anuales con la mayoría de las anualidades

• Brighthouse Financial obtuvo una puntuación por debajo del promedio en el estudio de seguros de vida de EE. UU. J.D. Power 2020 para la satisfacción del cliente y ocupó el puesto 23 entre las 23 empresas enumeradas.

Detalles de Brighthouse Financial Company

• Fundada en 2016
• Se encuentra en una situación financiera sólida según A.M. Mejor, Moody's, Fitch y S&P
• Afiliado a MetLife
• Con la confianza de más de 2 millones de clientes y con 2,5 millones de contratos de rentas vitalicias y pólizas de seguro de vida

ANUALIDAD DE LAS MEJORES OPCIONES DE RETIRO DE DINERO

Nacional Americano

Aplica ya

Tasas de retiro de anualidades flexibles para mejorar los impuestos  flexibilidad

La compañía ofrece tres tipos de anualidades; fijo diferido, prima única inmediata e indexado diferido. Lo que distingue a American National son las primas iniciales mínimas increíblemente bajas.

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Prima inicial mínima

$0 - $5,000

Tarifa anual

$0 (tarifa anual de $30 por anualidad variable)

Tasa de anualidad

Varía según el tipo de anualidad y el índice de la Asociación Nacional de Comisionados de Seguros (NAIC)

SOY. Mejor calificación

A

Por qué lo elegimos

Además de los múltiples productos de anualidades ofrecidos y la prima inicial mínima baja, American National ofrece una mejora en la tasa de interés del 5% durante el primer año en la mayoría de sus anualidades.

Ventajas y desventajas

• Varios tipos de anualidades únicos
• La prima inicial mínima baja
• Mejora de la tasa de interés del primer año del 5 %
• Opciones de fácil acceso

• Cotización en línea no disponible
• No está acreditado por BBB, aunque hay pocas quejas
• Ofertas de productos confusas

Detalles de la compañía nacional estadounidense

• Fundada en 1905
• Basado en su A.M. Mejor calificación, la empresa es financieramente sólida
• Incluida en la lista de Forbes de las empresas financieras más confiables

MEJOR ANUALIDAD DE TASA BLOQUEADA

Grupo Mutual CUNA

Aplica ya

Le permite bloquear su tasa de anualidad

CUNA tiene una sólida base financiera y ofrece una combinación atractiva de productos de rentas vitalicias que incluyen ingresos fijos e inmediatos, ingresos futuros, control de riesgos y rentas vitalicias variables.

BBB     3/5

Prima inicial mínima

$5,000 - $25,000

Tarifa anual

$0 (1.50% para variable)

Tasa de anualidad

No menos del 1%, no más del 3%

SOY. Mejor calificación

A

Por qué lo elegimos

Sean cuales sean sus planes de jubilación, CUNA tiene una opción de anualidad para usted. En particular, vale la pena considerar las anualidades de control de riesgo de la compañía, ya que garantizan límites en las pérdidas. Y, si se combina con el potencial de crecimiento vinculado al mercado, puede personalizar su protección contra riesgos.

Ventajas y desventajas

• La empresa tiene un sólido historial financiero
• Opciones de anualidad flexibles
• Variedad de fondos que puedes invertir en esta anualidad

• CUNA es más una agencia que una compañía de seguros, lo que significa que los usuarios son guiados aquí por su cooperativa de crédito

Detalles de la empresa del grupo mutuo CUNA

• Fundada en 1935
• Perspectiva financiera estable de A.M. Best, Moody's y S&P
• In 2020, CUNA had $28.5 billion in assets

BEST SIX-YEAR ANNUITY

Athene Annuity &Life

Aplica ya

Six-year term above all others

Athene Annuity offers an assortment of immediate, fixed, and guaranteed annuities for individual clients. The company also offers group annuities for company pension plans.

WalletHub     2.8/5

Minimum Initial Premium

$10,000

Annual Fee

$0

Annuity Rate

Varies on annuity type and amount invested

A.M. Best Rating

A

Why We Picked It

The multiple annuity plans allow users to generate a fixed-income savings strategy or a reliable income stream in retirement. A stand out feature, however, is the group annuity plans for pension plans.

Pros &Cons

• Multiple fixed-index annuities available
• Low fees
• Tax-deferred retirement savings
• Online educational resources

• Cannot purchase annuities online
• Some of the company’s annuities have high fees and withdrawal limitations
• Independent agents are paid a commission to sell you Athene annuities

Athene Annuity &Life Company Details

• Founded in 2009
• As of Match 2021, Athene has over $200 billion in total assets
• According to LIMRA, was the the 10th highest seller of annuities in the U.S. in 2020
• Has an A (Excellent) rating from AM Best
• Athene Annuity does not sell annuity products directly, but through independent agents

BEST BENEFICIARIES ANNUITY

Global Atlantic

Aplica ya

Great annuity for beneficiaries

Global Atlantic offers 7 different annuity products that are either fixed, income, or fixed index

NerdWallet     2.5/5

Minimum Initial Premium

$0 - $10,000

Annual Fee

Varies on the annuity type

Annuity Rate

Varies on annuity type and amount invested

A.M. Best Rating

A

Why We Picked It

Besides the competitive rates and locked-in growth opportunities, the company offers a number of riders. One example is the ability to double or triple your qualified LTC expenses if you’ve purchased either its ForeCare and SecureFore annuities.

Pros &Cons

• A broad range of competitive life insurance and retirement products
• High ratings through A.M. Best and the BBB

• No online application process

Global Atlantic Company Details

• Founded in 2004 at Goldman Sachs; separated as an independent, privately held company in 2013
• Acquired by KKR and has over $234 billion in assets under management 
• Maintains high financial ratings from A.M., Moody’s, Fitch, and S&P

BEST LONG TERM INDEX ANNUITY

Great American Insurance

Aplica ya

A.M. Best Rated

Offers fixed, fixed-indexed, immediate, and registered index-linked annuities. There’s also a group plan.

WalletHub     2.5/5

Minimum Initial Premium

$10,000 - $100,000

Annual Fee

$0

Annuity Rate

Varies on annuity type and amount invested

A.M. Best Rating

A+

Why We Picked It

The company offers both qualified and non-qualified annuities. It also aims to simplify annuities by offering annuity products that are easy to understand.

Pros &Cons

• Outstanding customer service
• Free annuity quotes in one quick and easy report

• No longer offers variable annuities

Great American Insurance Company Details

• Founded in 1872
• Annuity businesses were sold to MassMutual on May 28, 2021
• Has been rated A or higher by A.M. Best for more than 35 consecutive years

BEST FLAT-RATE CASH BACK CARD

Nationwide

Aplica ya

No limit to index performance

Depending on your specific goals, Nationwide offers variable, fixed indexed, immediate, or fixed annuities. When you select the right annuity for you, you’ll be able to achieve goals like growth opportunities, principal protections, or spousal protection.

NerdWallet     4/5

Minimum Initial Premium

$0 - $25,000

Annual Fee

$0

Annuity Rate

Varies on annuity type and amount invested

A.M. Best Rating

A+

Why We Picked It

While there are an array of annuity products, flexibility is the main selling point. For example, you can decide if you want to receive a lump sum payment or a series of recurring payments

Pros &Cons

• Several different types of annuities to meet your specific goals
• Online educational resources including written guides and videos

• Can not apply online; will have to call a specialist
• Surrender charges are called Contingent Deferred Sales Charge (CDSC)

Nationwide Company Details

• Founded in 1926
• Has over $27 billion in assets
• Sterling reviews from A.M. Best, S&P, and Moody’s

BEST GROUP ANNUITY

John Hancock Annuities

Aplica ya

Annuity for groups

The company bills itself as the nation’s number one provider of 401(k) products and focuses on variable annuities to bolster retirement savings. There are also two fixed options available, as well as a group annuity contract.

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Minimum Initial Premium

$0 - $25,000

Annual Fee

Varies on the annuity type and indexes

Annuity Rate

Varies on annuity type and amount invested

A.M. Best Rating

A+

Why We Picked It

The company has earned a stellar reputation for paying claims, financial strength, and a variety of annuity types.

Pros &Cons

• Online registration
• Extensive Annuities FAQs page
• Competitive rates

• In 2011, stopped selling annuities but reinstated in 2018

John Hancock Annuities Company Details

• Founded in 1862
• Acquired by Manulife Financial in 2003
• Has earned an A+ from A.M. Best and an AA- from both S&P Global Rating and Fitch

BEST MANAGED VARIABLE ANNUITY

MassMutual

Aplica ya

Highly rated variable annuity plan

The company offers a fixed deferred, variable, and single premium immediate fixed annuity at a low minimum cost to invest.

NerdWallet     5/5

Minimum Initial Premium

$10,000

Annual Fee

$0 ($40 for variable annuities)

Annuity Rate

Varies on annuity type and amount invested

A.M. Best Rating

A++

Why We Picked It

MassMutual has over 160 years of experience with insurance and financial services. It’s also one of the most highly rated and ethical annuity companies to work with.

Pros &Cons

• A lot of annuities to choose from
• Multiple options to customize income stream
• Financially stable company

• Inadequate information regarding annuity products on its website
• A MassMutual financial planning partner is required to purchase annuities

MassMutual Company Details

• Founded in 1851
• In 2020, had over $6.2 billion in life insurance and annuity benefits 
• Ranked 7th in Best Life Insurance Companies by U.S. News

BEST MIXED INDEXED ANNUITY

Lincoln Financial Group

Aplica ya

Set interest rates for a year, 5-year, 7-year or 10-year surrender charge schedule

Variety. The company provides 7 different fixed indexed annuities, a fixed immediate, fixed deferred, and 5 variable annuities.

NerdWallet     4/5

Minimum Initial Premium

$10,000

Annual Fee

$0 ($35 annual fee for variable)

Annuity Rate

Varies on annuity type and indexes

A.M. Best Rating

A+

Why We Picked It

Since 1967, Lincoln Financial Group has been selling annuities. In addition to that experience, the company offers a wide-range of annuity options to best fit your financial goals.

Pros &Cons

• Online educational resources
• The Lincoln American Legacy annuity is the only variable annuity suite that grants investors with access to all investment options in the American Funds Insurance Series
• For a company of its size, it’s drawn fewer complaints to state regulators

• No online application
• Does not offer online quoting

Lincoln Financial Group Company Details

• Founded in 1905
• Founding member of the Alliance for a lifetime income
• Included in Forbes’ list of the best life insurance companies (June 2021)
• Strong ratings from A.M. Best, Moody’s, Fitch, and S&P

BEST FIXED ANNUITY INDEX

Midland National Life

Aplica ya

Multi-year guarantee annuity

The company has a financially secure base offering a fixed indexed annuity, multi-year guarantee annuity, and single premium immediate annuity.

Investopedia     4.7/5

Minimum Initial Premium

$10,000 - $25,000

Annual Fee

$0

Annuity Rate

Varies on annuity type and indexes

A.M. Best Rating

A+

Why We Picked It

Midland National Life puts trust front and center. It displays financial ratings on its site and has an annuity myth busting page. And, unlike other entries, it remains privately held.

Pros &Cons

• Online educational resources
• Transparency
• Commitment to policyholders
• Excellent customer service

• Can not apply online

Midland National Life Company Details

• Founded in 1906
• A+ from A.M. Best, S&P, Fitch, and the BBB
• Has helped over 1 million customers
• 40,000 agents and agencies across the country

BEST INCOME ANNUITIES PROVIDER

New York Life

Aplica ya

Best income annuities provider in America since 2006 by LIMRA

New York Life doesn’t have as many annuity types as its competitors. But, it’s conservative investment philosophy is intended for long-term investors.

NerdWallet     4.5/5

Minimum Initial Premium

$5,000 - $50,000

Annual Fee

$0 ($30 annual contract fee for variable)

Annuity Rate

Varies on annuity type and amount invested

A.M. Best Rating

A++

Why We Picked It

The company limits itself to fixed deferred and variable annuities so that you can find the right balance of growth and security.

Pros &Cons

• #1 in Customer Satisfaction among Individual Annuity Providers
• Customizable strategies through riders
• Online resources

• Must contact a registered rep to get started

New York Life Company Details

• Founded in 1845
• LIMRA has best named the company as one of the best income annuities provider in America annually since 2006
• Has earned the highest financial strength ratings from A.M. Best, Fitch, S&P, and Moody’s

BEST DEFERRED-INCOME ANNUITY

Northwestern Mutual

Aplica ya

Never missed an annuity payment in 160 years

The company boasts that it’s never missed a payment and has been financially strong consistently throughout the years.

NerdWallet     5/5

Minimum Initial Premium

$0 - $10,000

Annual Fee

$0 ($30 annual fee for a variable annuity)

Annuity Rate

Varies on annuity type and indexes

A.M. Best Rating

A++

Why We Picked It

Northwestern Mutual limits itself to only a handful of annuities, mainly fixed and variable. However, it banks on its consistency and financially standing.

Pros &Cons

• Retirement calculator
• Customer satisfaction
• Consistency

• Does not display annuity offerings online
• No online application

Northwestern Mutual Company Details

• Founded in 1857
• Is among NerdWallet’s Best Life Insurance Companies for 2021
• Extremely strong financially rating from A.M. Best and S&P

BEST INDEX-LINKED ANNUITY

Symetra Life

Aplica ya

$10,000 upfront with no annual contract fees

For those looking to save for retirement or secure a guaranteed lifetime income, Symetra Life offers a variety of annuities including fixed deferred, fixed indexed, variable deferred, and income.

WalletHub     3.3/5

Minimum Initial Premium

$10,000 - $25,000

Annual Fee

$0

Annuity Rate

Varies on annuity type and indexes

A.M. Best Rating

A

Why We Picked It

Symetra isn’t new to the annuity game. The company has been issuing annuities since 1987 and is recognized as a Top 3 seller of both fixed deferred and fixed indexed annuities via banks.

Pros &Cons

• Pays more than the guaranteed minimum
• Stellar financial strength
• No annual fees

• Can not apply online
• Has some customer service complaints

Symetra Life Company Details

• Founded in 1957
• Joined Sumitomo Life, a global life insurer, in 2016
• Has exceeded $35 billion in assets 
• Has contributed to nearly 900 charitable organizations

BEST INDEX-LINKED ANNUITY

OneAmerica

Aplica ya

$10,000 upfront with no annual contract fees

The company offers a range of fixed and fixed indexed annuities to guarantee a steady retirement income that’s protected from market volatility.

Retirement Living     4.5/5

Minimum Initial Premium

$10,000 - $25,000

Annual Fee

$0

Annuity Rate

Varies on annuity type and indexes

A.M. Best Rating

A+

Why We Picked It

Unlike other annuity companies, OneAmerica emphasizes both a guaranteed lifetime income and potential long-term expenses.

Pros &Cons

• Products like the One America Legacy Care can address LTC expenses
• Can manage your account online, including updating beneficiaries
• Balance asset protection and growth

• Limited annuity products available

OneAmerica Company Details

• Founded in 1877
• Is a mutual enterprise, meaning no shareholders
• Among top-rated U.S. life insurance groups

BEST FIXED DEFERRED ANNUITY

Pacific Life

Aplica ya

Formed by former Governor of California

It may appear the Pacific Life only sells fixed and variable annuities. While the company offers six different types of fixed annuity products, as well as four variable annuities.

Consumer Advocate     4.6/5

Minimum Initial Premium

$10,000 - $25,000

Annual Fee

$0 ($50 annual contract fee for a variable annuity)

Annuity Rate

Varies on annuity type and indexes

A.M. Best Rating

A++

Why We Picked It

The company has over 150 years of financial strength and stability, as well as a range of fixed and variable annuities to best suit your specific retirement needs.

Pros &Cons

• Multiple fixed and variable annuity options
• Few complainants
• Has an “Insights” page for news and latest strategies

• Can not apply online

Pacific Life Company Details

• Founded in 1868
• $191 billion in assets
• $3 billion benefits paid in 2020
• Financially strong, according to A.M., Fitch, Moody’s, and S&P

BEST REGISTERED-INDEX ANNUITY

Protective Life

Aplica ya

Top-selling registered-index-linked annuity companies since 1907

Variation of annuity products including fixed deferred, variable, and SPIA.

Investopedia     3.8/5

Minimum Initial Premium

$10,00 - $50,000

Annual Fee

$0 ($50 annual maintenance fee for a variable annuity)

Annuity Rate

Varies on annuity type and amount invested

A.M. Best Rating

A+

Why We Picked It

All of the annuity products offered by this top-selling registered-index-linked and financially robust company provide tax-deferred growth and an optional death benefit rider.

Pros &Cons

• Online learning center
• Tax-deferred growth
• Single purchase payment or installments
• Death benefit

• Can not apply online
• Has some customer service complaints

Protective Life Company Details

• Founded in 1907
• Has assets of $127 billion
• Established the Protective Life Foundation to support education and healthy development of at-risk youth

BEST INDEX-LINKED SALES ANNUITY

Prudential Annuities

Aplica ya

0.95 Annual rider fee

Prudential is the second largest insurance company in the country — based on net premiums written. It’s also included in the Fortune 500 and has made retirement its central business by offering a varied selection of fixed, variable, and fixed indexed annuities.

Nerdwallet     3.8/5

Minimum Initial Premium

$10,00 - $50,000

Annual Fee

$0

Annuity Rate

Varies on annuity type and indexes

A.M. Best Rating

A+

Why We Picked It

With the assortment of annuities presented, you’re bound to find a product that will satisfy your retirement needs. More importantly, as one of the top sellers for both variable and index-linked sales, you can rest assured that Prudential will be with you for the long haul.

Pros &Cons

• Multiple annuity products offered
• Is financially strong based on A.M. Best, Moody’s S&P, and Fitch ratings
• Can access your annuity account online

• Can not apply online
• Is ranked in the middle in a recent customer stratification survey

Prudential Annuities Company Details

• Founded in 1875
• Has assets amounting to over $1.4 trillion
• Every year since 2003 the company has received a 100% rating on the Corporate Equality Index by the Human Rights Campaign

BEST LOWER COST ANNUITY

Transamerica Life

Aplica ya

Variable annuity with a low $1,0000 minimum initial premium

The company primarily focuses on variable annuities. While there is some risk involved with this type, the robust selection from TransAmerica life promises a lifetime income, protection, and tax deferral.

Nerdwallet     3/5

Minimum Initial Premium

$1,000

Annual Fee

Up to $50 annual service charge

Annuity Rate

Varies on annuity type and amount invested

A.M. Best Rating

A

Why We Picked It

The company has a 100-year proven track record when it comes to helping its customers secure a successful financial future. And, there’s a dedicated page to track the performance of your annuity.

Pros &Cons

• Low initial premium
• Costs 70% lower than the average annuity

• Can not apply online
• Concerns about number of complaints and low customer satisfaction

Transamerica Life Company Details

• Founded in 1928
• Part of the Aegon Group
• “A-” (excellent) rating by Better Business Bureau (BBB)“A” (excellent) rating by A.M. Best

Best Annuity Companies for August 2022

Now that you understand the criteria and have seen the list, we’ve put together a fairly detailed list of some of the best. While we would love to review every company, we’ve put together a list of ones that we love. All up to date as of August 2022. Also, to help simplify this process so that you can take advantage of an annuity, here are 25 of the best annuity companies, that should be worth your consideration.

1. Due

Best overall annuity company

When it comes to annuities, Due has been the company above others that has quickly become a market leader. Founded by entrepreneur serial and annuity expert John Rampton. So far, the company has already gained more than 12,000 registered users who are earning a guaranteed 3% return. On average, users are receiving $2,100 per month in retirement income.

But what makes Due the nation’s top retirement and annuity app is its accessibility. Due was designed to give the average person a fair shake at a guaranteed income. That’s why Due is straightforward with its offering, which again is a 3% return. There’s also a handy annuity calculator that can help you determine how much you need to save each month to reach your retirement goals.

Furthermore, you can apply for free. Also, it only takes a couple of minutes to get your account rolling. And, if you’re willing about the risk involved, just know that your money will be placed into a Charles Schwab account. From there, it’s managed by two of the top investment firms in the nation:Blackstone (NYSE:BX), and ATHOS Private Wealth. Both of which have a stellar reputation.

Overall, if you’re looking for a no-frills and transparent annuity, then Due might just be your best bet. It’s stellar reputation and quest for the satisfaction of the customer is the reason we named it the best annuity company.

1. AIG Companies

Highest rated annuity company

Founded in 1919 by Cornelius Vander Starr, American International Group is a multinational finance and insurance corporation. Today, AIG operates in more than 80 countries and jurisdictions.

As for annuities, the company offers index, variable, and fixed. Each of which can be purchased with a lump sum or stream of payments. Also, you can decide on the payment frequency by choosing either lifetime payments, a guaranteed fixed period, or survivorship payments.

Besides having a long and rich history of providing individuals with asset protection and a guaranteed income, AIG has earned respectable ratings, such as;

• A.M. Best Company (Best’s Ratings):A+
• Moody’s (Financial Strength):A2 
• Standard &Poor’s (Financial Strength:A+
• Fitch Ratings (Financial Strength):A+ 

What does that all mean. Simply put, AIG is in good and stable condition. And, according to the Better Business Bureau, they’ve done an outstanding job in resolving customer complaints.

No wonder AIG was one of the leading annuity sellers in 2020. In fact, in the third quarter of 2020, AIG landed in the number one spot of sellers after having $4,334,963 in variable annuities alone.

1. Jackson National Life

Trusted Leader in Annuities

Founded in 1961 in Jackson, Michigan, Jackson is a subsidiary of the British insurer, Prudential plc. However, don’t confuse this company with Prudential Financial as they are two separate entities.

Jackson offers multiple fixed, variable, and fixed index annuities. And, to prove that they’re a trusted industry leader they put transparency front and center. Anyone can access their performance center, which is powered by Morningstar, to see data for each of their variable annuity products.

What’s more, Jackson has a long history of financial know-how and award-winning service. In fact, Jackson National Life Insurance has received an A (Excellent) rating from AM Best, which verifies its financial strength. In other words, you can sleep more easily knowing that Jackson is in a good financial position to pay out their guaranteed annuity contracts.

Additionally, there are several different ways to contact Jackson via phone, fax, mail, or email. Or, you can just access their extensive FAQs page. And, according to the National Association of Insurance Commissioners (NAIC), Jackson is far below the average complaints for a company its size.

1. Allianz Life of North America 

Best annuity provider for wide range of annuity options

Initially, the company began as North American Casualty by Henry Little of Minneapolis, Minnesota in 1896. But, after merging with the North American Life Association North American Life and Casualty (NALAC). In 1979, the company was acquired by the German conglomerate Allianz.

Allianz is now one of the world’s largest integrated financial services organizations in the world. It offers asset management, life, health, and property-casualty insurance, and banking operations. And, yes, the company provides two annuities; a fixed index and index variable.

In particular, the Allianz 222 Annuity deserves a shout-out. It’s kind of like the Swiss Army knife of annuities in that it does a little bit of everything. Most notably, it offers principal protection from market loss, potential indexed interest, and the potential for tax-deferred growth. And, you can also receive income increases in two different ways.

The company also had $2,997,578 in registered index links in quarter three of 2021. And, most importantly, Allianz Life is a very strong insurance company with an A+ AM Best Rating. It also has the following ratings;

• Moody’s (21 rankings):A1 (5)
• Comdex (percentile of all rated companies):94
• Standard &Poor’s (20 Possible Ratings):AA (3)

1. Fidelity

Best annuity customer service

Established in 1946, Fidelity is one of the largest asset managers in the world. And, if you want to save for retirement, then you might want to consider one of the following annuity products offered by Fidelity;

• Fidelity Personal Retirement Annuity requires a $5,000 minimum investment and has three different investment options.
• New York Life Premier Variable Annuity–P Series with Investment Preservation Rider–P Series requires a $25,000  minimum investment, but returns might outpace inflation.
• Deferred fixed annuities have a $10,000 minimum and a fixed interest rate for the first 3 to 10 years.
• Deferred income annuities only have a $5,000 minimum, but you can add additional payments.
• New York Life Clear Income Fixed Annuity–FP Series1 requires a hefty $50,000 minimum. However, this offers a fixed rate for the first 7 years and an annual 5% increase on guaranteed lifetime income during the first 10 years.
• Immediate fixed income annuities have a $10,000 minimum, but you can add a plus one and cost of living adjustment.

It’s this variety of annuity options that sets Fidelity apart. But, it also provides 24/7 live help and has an A++ (Superior) from A.M. Best for financial strength.

1. American Equity

Best immediate annuity option

A relative newcomer, the company was founded in 1995, American Equity specializes in retirement annuities. Specifically, the company offers a traditional fixed annuity and fixed-index annuity. Both of these plans include an immediate option that will payout within 12 months.

While the company does not disclose rates online, it proudly states that it’s a leader in the fixed indexed annuities marketplace. But, what could be appealing is that American Equity offers an annual, penalty-free withdrawal. And, you can expect a decent return in the 2% to 5% range.

Online reviews for American Equity state the company has outstanding customer services. And, as far as financial strength, it has earned an A- (Excellent) from A.M. Mejor.

1. Brighthouse Financial

Best newcomer to annuity market

Despite being founded only in 2016, Brighthouse Financial has already become one of the largest providers of annuities and life insurance in the U.S — maybe because of its affiliation with MetLife. For example, in just four years, Brighthouse sold $1,258,324 in traditional variable annuities and $2,981,171 in registered-index linked annuities in the third quarter of 2020 alone.

As you might have surmised, Brighthouse offers an index-level annuity called Shield Level Annuities and Variable Annuities with FlexChoice Access. Both products do not include annual fees and are deferred. Moreover, a minimum initial premium of $25,000 is expected as well.

The company also has earned an A rating from A.M. Best and Fitch, as well as an A+ from Standard &Poor’s and A3 from Moody’s. Collectively, that means Brighthouse is financially stable and strong.

8. American National

No minimum annuity premium

In 1905, Galveston businessman William Lewis Moody Jr. founded American National. Fast forward to today and the company now operates in all 50 states. It also provides a wide range of insurance products and services. This includes life insurance, annuities, health insurance, property and casualty insurance, credit insurance, and pension plan services.

When it comes to annuities, you’ll find the following at American National;

• A fixed deferred annuity that offers a guaranteed and fixed rate of return and grows tax-deferred. There are also optional rider benefits riders and flexible withdrawal options.
• A single premium immediate annuity that allows you to convert a lump sum of money into a predictable income stream.
• An index deferred annuity that will protect your principal while allowing you to participate in the market.

Unlike most other annuity companies, American National does not request a high minimum initial premium. In fact, the company’s fixed annuity and fixed deferred annuity do not require a minimum at all. But, $2,000 is needed for both its multi-year guarantee annuity and flexible premium deferred annuity.

American National also has an A rating from both A.M. Mejor.

9. CUNA Mutual Group

Best rated fixed annuity product

When the company was founded back in 1935 “CUNA” in the company’s name originally stood for “Credit Union National Association.” But, that doesn’t matter today as this mutual insurance company provides financial services to credit unions, cooperatives, and their members. CUNA also has retirement plans for small business owners and credit union members.

As for annuities, CUNA offers both group annuities and a popular fixed annuity that’s deferred. There are no annual contact fees associated with the fixed annuity. But, there is a 1.50% contract fee and fund expense ratio with the variable annuity. Furthermore, minimum initial premiums range from $5,000 to $25,000.

A.M. Best rated CUAN “A,” Standard &Poor’s (S&P) rated it “A+” and Moody’s gave it “A2.” That means the financial future is looking bright for CUNA.

10. Athene Annuity &Life

Market leader in annuities

It took a lot of courage for James Belardi, former President of SunAmerica Life Insurance Company and now CEO of Athene Holding Ltd., and Chip Gillis, former head of Bear Stearns’ Insurance Solutions Group to launch Athene Holding Ltd. in 2009. Why? Because this was during a financial crisis.

But, the company has not only thrived but it’s also considered a market leader. Perhaps this is because Athene offers the following individual annuities;

• Fixed indexed annuities (FIA) 
• Multi-year guarantee annuities (MYGA) 
• Registered index-linked annuities (RILA)
• Single premium annuities (SPIA)

All individuals annuities require a $10,000 minimum initial premium. And, it also has a good report card after getting the following financial ratings;

• A.M. Best Rating (15 possible ratings):A (3)
• Fitch Ratings (21 possible):A (6)
• Standard &Poor’s (20 possible ratings):A (6)

In addition to individual annuities, the company also offers group annuities — which not many annuity companies provide. This works by having a company’s pension plan purchase a group annuity. Athene will then guarantee that individuals included in the plan will receive guaranteed income payments.

11. Global Atlantic

Founded in 2004, Global Atlantic offers a variety of retirement, life, and reinsurance products. And depending on your retirement plan and financial situation, you can choose between a fixed, fixed index, variable, or income annuity.

The company promises competitive rates and locked-in growth opportunities. But, a key feature that shouldn’t be overlooked is that these are ideal if you’re concerned about long-term care (LTC). Thanks to its ForeCare and SecureFore, you can double or even triple your qualified LTC expenses.

And, despite the fact that the company isn’t as old as its counterparts, Global Atlantic has received positive rankings. It earned an A from A.M. Best,  Fitch, and Moody’s, along with an A- from Standard &Poor’s for financial strength.

12. Great American Insurance Group

Don’t be fooled by the fact that the Great American Insurance Group offers property and casualty insurance for pretty much any business you can imagine. The company also provides personal annuities. These include the following products;

• Index Protector 7. A fixed indexed annuity with no annual fees, but there are rider chargers. A $10,000 minimum initial premium is required.
• American Landmark 5 is another fixed indexed annuity that includes five indexed strategies. There are no annual fees and a $10,000 minimum initial premium is required.
• Index Summit 6 is an index-linked annuity that requires a $25,000 minimum initial premium. It offers a balance of growth and protection.

However, the company does also offer an immediate annuity option, as well as a group annuity. As for ratings, Great American’s financial strength has received solid ratings overall A.M. Best has given the company an “A+,” Standard and Poor’s (S&P) an “A+” and Moody’s with an“A2”. These ratings respectively equate to “Superior,” “Strong” and “Good.”

13. Nationwide

Believe it or not, Nationwide began as Farm Bureau Mutual in 1926. The company provided auto insurance to farmers to better reflect their driving habits. Since then, Nationwide has become a Fortune 500 company that offers insurance, retirement, and investment products like annuities.

Depending on your specific goals, you can choose between;

• The Soloist. A variable annuity with a $30 annual contract fee and 1.30% combined administrative and mortality and expense risk fee. But, you don’t have to meet a minimum initial premium.
• Nationwide Peak 5 is is a single-purchase-payment deferred fixed indexed annuity with a $25,000 minimum initial premium
• Nationwide Quatro Select Annuity is a fixed annuity with no contract fees and a $2,000 minimum initial premium requirement.
• INCOME Promise Select is an immediate annuity with no annual contract fees and could be Medicaid eligible. There’s also a cost-of-living adjustment, as well as a $10,000 minimum.

What makes Nationwide’s annuities stand out is that they’re flexible. You can either invest a lump sum or over a period of time and receive payments either immediately or at a later date. And, they’ve also received very high financial ratings. A.M. Best rated it an A+ (Superior), Standard &Poor’s (S&P) A+ (Extremely Strong), and Moody’s gave it an A1 (Upper-Medium Grade).

14. John Hancock Annuities 

Dating back to 1862, John Hancock is one of the highest-rated companies for financial strength and claims-paying abilities. In fact, John Hancock has earned an A+ from A.M. Best, and an AA- from S&P Global Rating and Fitch — all of which is proudly displayed on its website.

In addition to being forthright on their financial performance and strength, John Hancock also offers a wide range of annuities products including two different types of variable annuities. One is qualified and the other is non-qualified. The difference comes down to taxes. With an unqualified option, taxes aren’t paid until you being receiving payments.

John Hancock also offers traditional fixed annuities. However, one of the company’s more popular offerings is the group annuity contract that employers can purchase for their employees.

15. MassMutual

The Massachusetts Mutual Life Insurance Company, MassMutual for short, goes all the way back to 1851. Today, the company is one of the largest United States corporations by total revenue and offers a wide range of financial products. These include life insurance, disability income insurance, long-term care insurance, retirement/401(k) plan services, and last but certainly not least annuities.

MassMutual offers the following annuities;

• Stable Voyage is a fixed deferred annuity with no annual contract fees. You will $10,000 to get started.
• Capital Vantage B-Share also requires a $10,000 minimum initial premium. It’s a variable annuity asking for a $40 annual contract fee, as well as additional administrative, expense risk, and rider fees.
• Transitions Select II is another variable annuity offering with a required $10,000 premium. It also has it’s fair shares of fees like a $40 annual contract maintenance fee.
• RetireEase doesn’t ask for an annual contract fee. But, you’ll need $10,000 if you want to invest in this single premium immediate fixed annuity.

Moreover, between their long and robust history and being named one of the most ethical companies in the world, you can rest assured that your investment is safe with MassMutual. No wonder the company delivered $6.2 billion in life insurance and annuity benefits in 2020 alone.

When it comes to rankings, Fitch gave it at an AA+ (the second-highest of 21 grades), A.M. Best lists it at an A++ (the highest category of 15), Moody’s ranks it at an Aa3 (fourth-highest of 21), and Standard &Poor’s ranks it at an AA+ (second-highest of 21).

16. Lincoln Financial Group

Founded in 1905, the Lincoln Financial Group is the marketing name for Lincoln National Corporation. The company is divided into four different segments; annuities, life insurance, retirement plan services, and group protection. In regards to annuities, Lincoln offers;

• The Lincoln MYGuarantee Plus is a fixed annuity with no annual contract fees and a $10,000 minimum premium upfront.
• Lincoln New Directions is a fixed indexed annuity with no annual contract fees and a $10,000 minimum initial premium.
• Lincoln Insured Income is an immediate annuity that also doesn’t require annual contract fees. But, there is a $10,000 minimum initial premium.
• Lincoln Investor Advantage is a variable annuity with that 10K needed upfront. There are numerous fees, such as a $35 annual fee.
•  Lincoln OptiBlend is a fixed indexed annuity with no annual contract fees. But, as expected, you’ll $10,000, to begin with.

The company is also a member of the Alliance for a lifetime income. Which, according to Lincoln means that they’re “committed to helping you approach retirement with certainty and simplicity.” And, in Q3 of 2020, they were a top-five seller of traditional annuities with $3,970,544 in sales.

In terms of ratings, A.M Best gave it an A+,  AA- from S&P, A1 from Moody’s, and A+ from Fitch.

17. Midland National Life

Founded in 1906 and headquartered in Des Moines, Iowa, Midland National Life is another insurance leader. The company focuses mainly on life insurance policies and the following annuity types;

• MNL IncomeVantage Pro. A fixed annuity index (FIA) requiring a $10,000 minimum initial premium, but not annual contract fees.
• MNL RetireVantage is another fixed annuity index with no annual fee. There is a $20,000 minimum initial premium.
• Guarantee Ultimate is a multi-year guarantee annuity (MYGA) with no annual fee and $10,000 upfront.
• Direct Income is a single premium immediate annuity (SPIA) that has no annual fee. But, you’ll need $25,000 to get started.

Across the board, from A.M. Best, S&P Global, Fitch, and the Better Business Bureau, Midland has received an A+ rating. Respectively, these grades rank as “superior,” “strong” and “stable. And, they also paid over $ $470 million in annuity benefits just in 2019. 

18. New York Life

The largest mutual life insurance company in the United States was founded in 1845. And, it’s frequently been the recipient of the best possible ratings by the four independent rating companies; A.M. Best, Fitch, Moody’s, and S&P. Currently, New York Life holds A++, AAA, Aaa, and AA+ grades from these firms, respectively.

Also, the company has been rated as the best income annuities provider in America every year since 2006 by the Life Insurance and Market Research Association (LIMRA). And, as if that weren’t enough, New York Life received the highest score among individual annuity providers in customer service by J.D. Power.

The products that the company offers include;

• New York Life Premier Variable Annuity – FP Series is a variable annuity with a $5,000 minimum initial premium. There are fees to aware of though, such as the $30 annual contract fee.
• Clear Income Fixed Annuity – FP Series is a fixed deferred annuity with a $50,000  minimum initial premium. There aren’t annual contract fees, however, 
• Secure Term Choice Fixed Annuity II is a fixed deferred annuity with a reasonable $5,000 minimum initial premium and no annual contract fees.
• Secure Term MVA Fixed Annuity II is another fixed deferred annuity with a reasonable $5,000 minimum initial premium. There isn’t an annual contract fee, but since you can add riders expect those various fees.
• Guaranteed Lifetime Income Annuity II is an immediate income annuity. You’ll need $10,000 upfront and there’s no annual charge.

19. Northwestern Mutual 

Based in Milwaukee, and dating back to 1857, Northwestern Mutual is an insurance company that just so happens to be the second-largest deferred-income annuity provider in the U.S. Their main selling point is that they’ve “weathered 160 years, two world wars, the Great Depression, and the Great Recession without ever missing a payment (or even coming close).”

And, Northwestern Mutual also proudly states that they’ve “consistently maintained the highest available financial strength ratings from the industry’s third-party rating agencies.” In fact, they have an extremely strong AA+ S&P rating.

Some of the best annuities offered by Northwestern Mutual include;

• Select Fixed Annuity is a fixed annuity with a $10,000 minimum initial premium and no annual fees.
• Select Variable Annuity (Account B) is a variable annuity. Expect the front-loaded contract to contain a 4.50% max sales charge, annual contract fee, and expense risk fee. If back-loaded, you’ll also have an annual and expense fee. There’s also $10,000 to get started.
• Select Immediate Annuity is an immediate annuity that doesn’t require a minimum initial premium. And, there’s no annual contract fee.

20. Symetra Life

Founded in 1957 and headquartered in Bellevue, WA Symetra Life is a life insurance and annuity company. To help you retire with confidence, the company offers a fixed deferred annuity, fixed indexed annuity, index-linked annuity, and income annuity.

• Symetra Edge Plus is a fixed indexed annuity requiring $10,000 upfront, but no annual contract fees.
• Symetra Trek is its index-linked annuity. There are no annual contract fees, but a $25,0000 minimum initial premium.
• Symetra Custom 5 is a fixed deferred annuity with no annual contract fees and a minimum initial premium of $25,000.
• Advantage Income is a single-premium immediate annuity. You’ll need 10K upfront and there are no annual fees.

Despite the variety, Symetra is a top-selling index-linked company with $136,794 in sales during the third quarter of 2020. And, it’s also known for paying more than the guaranteed minimum. That means with a Symetra Life contract, such as its Income Edge product, you’ll have one of the best potential annual income options.

Symetra also has solid financial strength ratings. A.M. Best rated the company an “A” (3rd highest of 16 grades), S&P gave it an “A” (6th highest of 21 grades), and Moody’s rated Symetra an “A1” (5th highest of 21 grades).

21. OneAmerica

OneAmerica began as a life insurance group in 1877 by the Knights of Pythias but became American Central Life Insurance Company in 1899. As OneAmerica, the company offers individual life, disability, and long-term care insurance, and annuities. And, it’s managed to preserve “superior” financial ratings from A.M.Best, who rated it “A+” and S&P gave the company an “AA-”

OneAmerica’s wheelhouse is offering annuities that will not only provide a guaranteed lifetime income but also ones that address long-term care. That’s because the company offers an SPIA, with $10,000 upfront, known as OneAmerica Annuity Care II that lets you add value for care.

There’s also a fixed indexed annuity, One America Indexed Annuity Care, that also helps you plan for LTC. There is, however, a $50,000 minimum initial premium. And, its immediate annuity, One America Legacy Care will help you cover LTC expenses.

22. Pacific Life 

Founded in 1868 by former California Governor, Leland Stanford, Pacific Life Insurance Company is another insurance company providing life insurance products, pension plans, annuities, and mutual funds. As for annuities, here are the products that the company sells;

• Pacific Choice, a variable annuity with a $10,000 minimum initial premium. There’s also a 0.25% administrative fee and a $30 annual contract fee.
• The Pacific Index Foundation is a fixed indexed annuity with no annual fees and a $25,000 minimum initial premium
• Pacific Income Provider is its SPIA with no annual fees and $25,000 buy-in.
• Pacific Secure Income is a fixed deferred annuity with no annual fees and a $15,000 minimum initial premium.

In Q3 of 2020, Pacific Life was ninth in traditional variable annuity sales with $2,716,030. And, Pacific Life has received the following high ratings; A+ (Superior) from A.M. Best, AA- from both Fitch and S&P, and Moody gave it a good A1.

23. Protective Life

Established in 1907 in Alabama, this financial service holding company now markets its products in all 50 states. The company, however, mainly focuses on life insurance and annuities. In particular, Protective Life has fixed, indexed, and variable annuities. There’s also an immediate annuity option.

• Protective ProSaver Platinum Plus is a fixed deferred annuity with a $10,000 minimum initial premium and no annual contract fees.
• The Protective Secure Saver is its fixed deferred annuity with $10,000 upfront and no front-end or annual fees.
• Protective Indexed Annuity II is a fixed indexed annuity that requires $10,000 to get started. But, there isn’t an annual contract fee.
• Protective Dimensions Annuity IV is a variable annuity with a $50 annual maintenance. You might also expect additional fees, such as variable operating expenses. And, as with its other annuities, a 10 grand minimum initial premium is needed.
• Protective ProPayer Income Annuity is an SPIA option with no annual fees. A $50,000 is required.

While Protective Life may not be a household name, when compared to the likes of Fidelity or Nationwide, it’s still one of the top-selling registered-index-linked companies. And, it has an A+ rating from A.M. Best, AA- from S&P, A1 from Moody’s, and A+ from Fitch.

24. Prudential Annuities

We alluded to Prudential earlier. And, it’s not the same company that owns Jackson National Life. Rather, this is the American Fortune 500 company located in Newark, NJ. It’s also the largest insurance company in the U.S. with total assets amounting to over an astounding $1.45 trillion.

As far as annuities go, Prudential offers the following flexible annuities in order to meet your unique retirement goals.

• PruSecure Fixed Indexed Annuity has no annual contract fees but requires a $10,000 minimum initial premium.
• Prudential Fixed Annuity with Daily Advantage Income Benefit also doesn’t come with annual contract fees. There is a 0.95 annual rider fee. And, you’ll need $25,000 to get started.
• Prudential Premier Investment Variable Annuity B Series requires a $10,000 upfront. There’s also investment operating and death benefit fees. And, expect an annual fee that’s lesser than $50 or 2% of your account value.

The company is also one of the top sellers for both variable and index-linked sales. And, it’s also strong ratings from A.M Best (A+), Fitch (AA-), Moody’s (Aa3), and Standard &Poor’s ( AA-).

25. Transamerica Life

You’re probably familiar with the famous Transamerica Pyramid in San Francisco. But, the company is actually headquartered in Baltimore, MD after being acquired by the Netherlands-based insurer Aegon. Despite this, the company has been around since 1928. 

With the Transamerica Advisory Annuity , you can make the most of your investment because it’s tax-deferred and has lower costs — the company states it’s 70% lower than the average annuity. The company also offers;

• Transamerica Inspire Variable Annuity with a low $1,000 minimum initial premium. There are, however, fees associated with this variable annuity including up to $50 annual service charge. There’s also expense risk and administrative charges.
• Transamerica Variable Annuity Series B-Share with a  $1,000 minimum initial premium and similar fees as above.
• The Transamerica Variable Annuity Series C-Share is also similar to the above.
• Transamerica Variable Annuity I-Share also has the same minimum initial premium and fees.

And, you’ll have peace of mind knowing your annuity is issued by a highly-rated insurer since it falls within the top quarter of the A.M. Best, Moody’s, S&P Global, and Fitch scoring structures.

Top Annuity Companies Frequently Asked Questions

What is a breakdown of how you selected each annuity company?

1. How easy is signup process
   A retirement app shouldn’t take hours to signup and get started. Instead, it should offer the fewest clicks and scrolls possible as well as simple navigation and clean interface.
2. How easy is the funding process
   A top annuity company should make it as simple as possible to deposit money into your annuity account. We’ve worked with companies where you have to sign up forty plus documents and signup with three additional companies. That’s not a streamlined funding process.
3. Mobile options to manage annuity
   Does your annuity provider make it easy to manage your money and see exactly where you’re at with your money at all times. Your money should be easily accessible at all times, via your mobile phone.
4. Customer service knowledge and kindness
   Ever had a problem that you needed fixed. We evaluate their customer service and how well they handle a few difficult decisions. You don’t want your money tied up and a customer service agent holding up your annuity money so you can’t access it.
5. Cash-out ease
   No one likes not getting their money. Can you easily cash out your money? If you can’t do this and get your money quickly (in a pinch) we have a problem. Not one person on this list will hold up your money.
6. Issues resolved quickly
   You WILL run into issues at some point with your money. Changing bank accounts, death in the family, loss of a job. Does your annuity provider make it easy to resolve problems without any issues? They should.

What is the best age to buy an annuity?

The best age to buy an annuity really depends on you. Generally, the best age to purchase an annuity is 45 – 55 years old. This allows you enough time build up enough cash to build enough money to actually make a difference in your retirement life.

What is the highest yielding annuity?

A top rated fixed annuity rate as of this month is 2.6% for a 3-year annuity, 3% for a 5-year annuity. 3.5% for a 7-year annuity. Something to make sure to check before you purchase is the fees associated with the annuity. We have seen some annuities as high as 7.25% for a 15-year fixed annuity but the fees associated with the annuity put this lower than 2% actualized return.

Can you buy an annuity at any age?

Sí. Technically you can purchase an annuity for a child though most people tend to purchase annuities starting in their mid to late thirties. Most insurance companies cap annuities at 95 years old. The average first time buyer for an annuity is 50 years of age.

Can you lose money in an annuity?

Yes, with a variable annuity. If the market or investments go down, your annuity return will go down. Variable annuities also tend to have higher fees. With that being said, you can also make the most amount of money with a variable annuity. We aren’t the biggest fans. Before you invest in a variable annuity, make sure you do your research and know what fees are involved before you start.

What is the safest type of annuity?

Fixed annuities are the safes type of annuity as they are fixed rates of returns and fixed term lengths. Everything is very clear from the start. Most fixed annuities have smaller fees and you should know what you are getting into before you start.