Which Companies Offer the Cheapest Annuities?

Shawn Plummer

CEO, The Annuity Expert

Definition of “Cheapest” Annuities

The term “cheapest” can be interpreted differently regarding annuities. Here’s a breakdown based on various interpretations:

  1. Lowest Initial Investment: American Equity offers annuities that can be started with as low as $5,000, making it an accessible option for those with limited initial funds.
  2. Lowest Fees: Athene Annuity is known for having minimal fees, which is crucial as high fees can significantly diminish the benefits of an annuity over time.
  3. Low Cost of Selling and Managing Annuities: The Annuity Expert stands out as a broker that does not charge fees for selling or managing annuities, potentially saving customers considerably in the long run.

Examples of Annuity Providers and Their Features

  • American Equity: Ideal for those starting with a smaller investment.
  • Athene Annuity: Best for individuals seeking to minimize ongoing fees.
  • The Annuity Expert: Suitable for those who want to avoid extra costs associated with the purchase and management of an annuity.
Cheapest Annuities

Provider Comparison

ProviderMinimum InvestmentFeesSelling/Management Charges
American Equity$5,000VariesStandard
Athene AnnuityVariesLowStandard
The Annuity ExpertVariesVariesNone


In conclusion, the “cheapest” annuity depends on what aspect you’re focusing on: initial investment, ongoing fees, or the cost of brokerage services. Each provider mentioned offers a unique advantage depending on your priorities. Contact us today for a free quote.

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Shawn Plummer

CEO, The Annuity Expert

Shawn Plummer is a licensed financial professional, insurance agent, and annuity broker with over 14 years of first-hand experience with annuities and insurance. Since beginning his journey in 2009, he has been pivotal in selling and educating about annuities and insurance products. Still, he has also played an instrumental role in training financial advisors for a prestigious Fortune Global 500 insurance company, Allianz. His insights and expertise have made him a sought-after voice in the industry, leading to features in renowned publications such as Time Magazine, Bloomberg, Entrepreneur, Yahoo! Finance, MSN, SmartAsset, The Simple Dollar, U.S. News and World Report, Women’s Health Magazine, and many more. Shawn’s driving ambition? To simplify retirement planning, he ensures his clients understand their choices and secure the best insurance coverage at unbeatable rates.

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

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