Annuity Resources Center

Frequently Asked Questions

What is the best annuity for retirement income?

It depends on your timeline and priorities. For guaranteed lifetime income starting now, a Single Premium Immediate Annuity (SPIA) pays the highest income per dollar. For income starting in the future with growth potential, a Fixed Index Annuity with a GLWB rider is a common choice. For pure accumulation with a guaranteed rate, a MYGA works like a high-yield CD. Get a free comparison to see what each option would pay for your specific deposit amount and age.

How do I compare annuity rates?

Focus on three things: the guaranteed rate (for MYGAs), the carrier's AM Best rating (A or better recommended), and the surrender period length. Our live rate table shows top rates by term with carrier ratings. For fixed index annuities, compare cap rates and participation rates across similar products - a carrier offering a 10% cap with a 7-year surrender may not beat one with a 9% cap and a 5-year surrender, depending on your timeline.

Are annuities safe?

Fixed annuities are backed by the issuing insurance company's general account - not the stock market. Your principal is protected as long as the carrier remains solvent. All states have a guaranty association that provides coverage (typically $250,000 per carrier) if an insurer fails. Sticking with top annuity companies and staying within guaranty association limits reduces risk significantly. See our full guide on annuity safety for a detailed breakdown.

Can I move my existing annuity to a better rate?

Yes - through a 1035 exchange, you can transfer an existing annuity to a new contract tax-free. This is commonly used when your current contract's surrender period has expired and better rates are available elsewhere. A 1035 exchange must go directly between carriers (you can't take possession of the funds). Contact us to review your current contract and see if a 1035 exchange makes sense.

How much does it cost to work with My Annuity Store?

Nothing - our service is completely free. We're compensated by the insurance carriers when a policy is issued, and that commission is already built into the carrier's pricing. You pay the same rate whether you go directly to the carrier or through us. The benefit of using My Annuity Store is access to 90+ carriers in one place, so you can compare and find the best rate for your situation without shopping individually.

Related Resources

• Best MYGA and Fixed Annuity Rates Today
• What Is an Annuity? Complete Guide
• Retirement Income Planning Center
• Annuity Carrier Reviews
• Annuity Income Calculators
• Annuity Rates by State
• Annuity Terms Glossary

Sources & Citations

1. National Association of Insurance Commissioners (NAIC) - Annuity Resources
2. FINRA - Understanding Annuities
3. IRS Publication 575 - Pension and Annuity Income
4. NAIC Buyer's Guide for Deferred Annuities
5. AM Best - Insurance Company Ratings

Legacy Annuity Companies

• Venerable Annuity Login and Contact Information
• Talcott (Hartford) Annuity Login and Contact Info

Industry Resources

• Financial Associations and Organizations Directory