What You Need to Know Before Buying
Company Background and Reliability
- Founded: 2018 (acquired variable annuity business from Voya Financial)
- Years in Business: 8 years (as of 2026)
- Headquarters: West Chester, Pennsylvania
- Company Overview: Venerable specializes in managing closed blocks of variable annuity contracts. It does not actively issue new annuities but instead administers and manages the obligations of legacy variable annuity products.
- Why It Matters: While Venerable is not an option for new annuity buyers, it is an important name for policyholders who already own contracts originally issued by Voya or other legacy carriers.
Financial Strength and Ratings (2026)
- A.M. Best: B
- S&P: BB+
- Moody’s: Ba1
- Fitch: Not Rated
- Comdex Score: 32
- Why It Matters: Venerable’s ratings are below investment-grade, reflecting its narrow focus on legacy block management and lack of diversification. These ratings suggest a higher risk compared to active, top-rated annuity providers.
Fixed Annuity Interest Rates
These are the current fixed annuity rates for November 2026. Because Venerable does not offer new fixed annuities, you must compare leading A-rated carriers to find a modern contract for your retirement savings.
Fixed Income Payout Rates
These are the highest fixed lifetime income payout rates for November 2026 across leading insurers. Since payout levels vary widely depending on age, single vs. joint life, and optional riders, always compare payout results with all carriers to maximize retirement income.
Venerable does not issue new income annuities or payout products. Existing policyholders are limited to the terms and guarantees of their original contracts.
How to Compare Venerable with Other Companies
- Specialized Strength: Focused on administering and servicing legacy variable annuity contracts.
- Financial Stability: Ratings reflect limited scope and exposure tied to old blocks of business.
- Product Range: No new annuities; management of existing variable annuities only.
- Independent Benchmarking: For new annuity buyers, compare against A+ and AA-rated carriers actively offering MYGAs, FIAs, or income annuities.
Why Use an Independent Annuity Broker
- Brokers can help current Venerable contract holders understand options such as 1035 exchanges or rollovers.
- Independent brokers compare active carriers to find replacement solutions with stronger guarantees.
- This ensures policyholders can evaluate if staying with legacy contracts or moving to a new annuity is the better choice.
- Brokers cost nothing—insurers pay commissions.
Application Process (Step-by-Step)
- Venerable is not accepting new annuity applications. Current contract holders should:
- Review Contract: Understand the terms and guarantees of your existing Venerable annuity.
- Explore Alternatives: Ask an independent broker about options for replacement or 1035 exchange.
- Evaluate Costs: Compare fees, rider charges, and guarantees with modern contracts.
- Decide Strategy: Stay with Venerable’s servicing or move to a new carrier.
Other Insurance to Consider
- Life Insurance: Protects loved ones and can restore lost funds if you annuitize.
- Long-Term Care Insurance: Covers nursing home or in-home care costs.
- Disability Insurance: Secures income for working individuals before retirement.
Final Advice
Venerable Insurance and Annuity Company is a closed-block specialist, managing older variable annuity contracts rather than offering new products. Its lower ratings reflect this narrower focus. For policyholders, reviewing whether to keep an existing Venerable contract or move into a modern annuity with higher-rated carriers is a key retirement planning decision.
Why Choose The Annuity Expert
- Our service is free of charge, with no obligation.
- Access the largest selection of annuity products in the United States.
- Advisors guide you through every step for a stress-free experience.
Contact The Annuity Expert today for free quotes. We’ll help you find the highest fixed annuity interest rates to grow your savings or the strongest guaranteed income payouts for retirement.
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