The Best Annuity Companies We Like: Our Top Picks

Shawn Plummer

CEO, The Annuity Expert

Knowing where to start if you want an annuity company can be hard. There are so many companies out there that all claim to offer the best rates! This is why we put together this guide on the best annuity companies. We wanted to review these companies because each has something that makes them unique, but also because they all have great rates! With our help as annuity brokers, you should be able to find an insurance company that meets your needs.

Note: We are licensed financial professionals representing and selling these annuity companies. Because rates and features change frequently, contact us below for the most up-to-date recommendation for your specific situation.

And remember, not all annuities are created equal.

What We Like To See In An Annuity Company

There are plenty of annuity companies out there, but not all of them are created equal. There are several different factors to consider when choosing an annuity company.

  • One important thing to look for is a company with a strong financial rating. A.M. Best is a leading rating agency for insurance companies, and you should look for a company with an “A-” or better rating.
  • Another thing to consider is the variety of products that the company offers. Some companies are more innovative than others, and they may offer a wider range of products that can meet your needs.
  • Annuities should be easy to understand. The best annuity companies will explain how annuities work clearly and concisely.
  • Transparency is also important. Choose a company that is upfront about fees and charges. The best annuity companies will have nothing to hide.
  • We want a company that offers plenty of liquidity annually without a penalty.
  • It should be easy to cancel your annuity if you need to.
  • They have a death benefit that will be passed down to beneficiaries in a lump sum.
  • Policies allow you to transfer or cash in your investment plus interest after the term without a penalty.

Ultimately, you should choose a company you feel confident in and believe will provide you with the best possible service.

What We Don’t Like To See In An Annuity Company And Their Products

  • Companies that are “B” rated. There are too many options with “A” rated companies with similar benefits.
  •  Requires you to give up control of your money (annuitization).
  • Any annuity products that can lose money to market volatility.
  • Doesn’t offer a death benefit for beneficiaries.
  • Complex annuity products that are not straightforward.
  • Hidden gimmicks.

Best Annuity Companies For Lifetime Income

For many people, the thought of retiring can be a scary proposition. After years of working hard and saving for the future, the last thing anyone wants is to run out of money in retirement. Fortunately, some companies can help provide peace of mind by guaranteeing income for life and will never run out, no matter how long you live. In addition, some annuities offer the opportunity to earn interest on your investment, providing even more financial security in retirement.

  1. Athene
  2. American Equity
  3. Nationwide

Use our lifetime annuity calculator to get estimates of how much retirement income you can receive for the rest of your life.

Best Annuity Companies To Help With Inflation

It’s no secret that the cost of living increases over time. What may have cost $100 today could easily cost $200 in 10 or 20 years. This is why it’s important to find an annuity company that offers guaranteed lifetime income that can increase to keep up with inflation. That way, you can be sure that your income will never fall behind the cost of living. With this type of annuity, you can rest assured that you’ll always have enough money to cover your expenses, no matter how high the cost of living gets.

  1. Allianz
  2. Athene
  3. Global Atlantic

Best Annuities Companies That Help Pay For Long-Term Care

One of the biggest expenses many people face in their later years is the cost of long-term care. These costs can quickly add up, whether it is a nursing home, assisted living, or home health care. Fortunately, there are annuity companies that can help reduce the costs of long-term care. These companies offer products that can be used to pay for nursing homes or assisted living expenses. In addition, they often have partnerships with home health care providers, which can help reduce home health care costs. As a result, the best annuity companies can provide valuable assistance to those who need it most.

  1. Global Atlantic
  2. OneAmerica
  3. Guaranty Income Life Insurance Company
  4. North American

Best Annuity Companies For Safe Accumulation

A few companies stand out if you’re looking for an annuity that offers principal protection with popular indexes like the S&P 500, Nasdaq, and Dow Jones.

  1. Athene
  2. Midland National
  3. Legacy Marketing Group and Americo
  4. Oceanview

Best Annuity Companies That Have The Best Premium Bonuses

When it comes to annuity companies, there are a lot of factors to consider. But if you’re looking for the best possible return on your investment, you’ll want to focus on companies that offer premium bonuses. These bonuses are usually guaranteed, which means they can offset losses and provide a guaranteed return on your investment. And while not all companies offer premium bonuses, the ones that do typically offer up to 20% of your initial deposit. So if you’re looking for the best possible return on your investment, be sure to ask about premium bonuses when considering annuity companies.

  1. Athene
  2. Midland National
  3. AIG

Best Annuity Companies That Offer The Best Death Benefits For Beneficiaries

When a loved one dies, it can be a difficult and emotional time. One of the last things you want to think about is money. However, if your loved one had an annuity with an enhanced death benefit, you may be able to use that money to offset some of the costs associated with their death.

An enhanced death benefit is a life insurance alternative that pays out a death benefit to a designated beneficiary. The beneficiary can use the money to offset funeral and other final expenses. In addition, the enhanced death benefit can be used to offset any taxes that may be owed on the annuity.

  1. Legacy and Americo
  2. Athene

Best Annuity Companies That Offer Benefits Without Charging A Fee

Many annuity companies will offer benefits to their policyholders without charging any additional fees. This can be a great way to get more bang for your buck, as you can often find companies that offer lifetime income riders or enhanced death benefits. While there may be some restrictions on how these benefits can be used, they can still provide valuable protection for your family. Be sure to shop around and compare different companies before choosing the one that best meets your needs.

  1. Athene
  2. American Equity
  3. Nationwide

Best Annuity Companies That Offer Short-Term Annuities

There are several annuity companies that offer short-term annuities with 2-5 year terms. These companies usually allow you to transfer your annuity to another account after the term expires, or they may offer a lump sum payout. 

  1. Oceanview
  2. Americo
  3. Oxford
  4. Midland National

The Best Annuity Carrier For Retirement Income

CompanyA.M. Best RatingS&P Rating
Symetra Life Insurance CompanyAA
Global AtlanticAA-
Nationwide Life Insurance CompanyA+A+
Allianz Life Insurance Company of North AmericaA+AA
Athene Annuity and Life CompanyAA+

The Best Annuity Companies For Deferred Growth

CompanyA.M. Best RatingS&P Rating
American Equity Investment Life Insurance CompanyA-A-
Athene Annuity and Life CompanyAA+
Midland National Life Insurance CompanyA+A+
Symetra Life Insurance CompanyAA
Oceanview Life and AnnuityA-N/A

The Best Annuity Company For Long-Term Care

CompanyA.M. Best RatingS&P Rating
OneAmericaA+AA-
Global AtlanticAA-

The Best Annuity Companies For Married Couples

CompanyA.M. Best RatingS&P Rating
Nationwide Life Insurance CompanyA+A+
Athene Annuity and Life CompanyAA+
Symetra Life Insurance CompanyAA

The Best Annuity Provider For Inflation Protection

CompanyA.M. Best RatingS&P Rating
Allianz Life Insurance Company of North AmericaA+A+
Athene Annuity and Life CompanyAA+
Symetra Life Insurance CompanyAA

The Best Fixed Annuity Companies

CompanyA.M. Best RatingS&P Rating
Pacific Guardian Life Insurance CompanyAA
Oceanview Life and Annuity CompanyA-N/A

The Best Annuity Companies That Charge Low Fees

CompanyA.M. Best RatingS&P Rating
American Equity Investment Life Insurance CompanyA-A-
Midland National Life Insurance CompanyA+A+
North American Company for Life and HealthA+A+
Athene Annuity and Life CompanyAA+

The Best Indexed Annuity Companies

CompanyA.M. Best RatingS&P Rating
American Equity Investment Life Insurance CompanyA-A-
Midland National Life Insurance CompanyA+A+
North American Company for Life and HealthA+A+
Athene Annuity and Life CompanyAA+
Allianz Life Insurance Company of North AmericaA+A+

The Best Pension Annuity Companies

CompanyA.M. Best RatingS&P Rating
Symetra Life Insurance CompanyAA
Nationwide Life Insurance CompanyA+A+
Athene Annuity and Life CompanyAA+
American Equity Investment Life Insurance CompanyA-A-

The Best Deferred Income Annuity Companies

CompanyA.M. Best RatingS&P Rating
Symetra Life Insurance CompanyAA
Nationwide Life Insurance CompanyA+A+
Athene Annuity and Life CompanyAA+
American Equity Investment Life Insurance CompanyA-A-

The Best Immediate Annuity Companies

CompanyA.M. Best RatingS&P Rating
Symetra Life Insurance CompanyAA
Nationwide Life Insurance CompanyA+A+
Allianz Life Insurance Company of North AmericaA+A+

The Best Hybrid Annuity Companies

CompanyA.M. Best RatingS&P Rating
Symetra Life Insurance CompanyAA
Nationwide Life Insurance CompanyA+A+
Athene Annuity and Life CompanyAA+
American Equity Investment Life Insurance CompanyA-A-

Next Steps

Now that you know our top picks for the best annuity companies, it’s time to start shopping around for the best annuities. Comparing policies is important to find the right one for your needs and objectives. And if you have any questions or want a free quote, be sure to contact us – we’re happy to help!

The Best Annuity Companies

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Frequently Asked Questions

Can I buy an annuity without a broker?

There are a variety of annuities available, but almost all of them must be purchased through a broker. This is because annuities are complex products that require the expertise of a professional to select the right one for your needs.

Shawn Plummer

CEO, The Annuity Expert

I’m a licensed financial professional focusing on annuities and insurance for more than a decade. My former role was training financial advisors, including for a Fortune Global 500 insurance company. I’ve been featured in Time Magazine, Yahoo! Finance, MSN, SmartAsset, Entrepreneur, Bloomberg, The Simple Dollar, U.S. News and World Report, and Women’s Health Magazine.

The Annuity Expert is an online insurance agency servicing consumers across the United States. My goal is to help you take the guesswork out of retirement planning or find the best insurance coverage at the cheapest rates for you. 

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