Fixed Index Annuity Rates November 2020 (S&P Cap)

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 InsurerAnnuity NameAM BestS&P500
Athene Annuity Logo Athene IAAscent Accumulator 10A5.00%10 yrs
oxford life insurance company logoOxford Life Insurance CompanySelect 10A-4.85%10 yrs
The Standard Insurance Company Logo PNGThe StandardIndex Select Annuity 10A4.75%10 yrs
The Standard Insurance Company Logo PNGThe StandardIndex Select Annuity 10A4.50%10 yrs
Guaranty Income Life Insurance Company Logo Guaranty Income LifeWealthChoice 10B++4.50%10 yrs
AIG Logo American General Life Insurance Power 10 ProtectorA4.25%10 yrs
Sagicor Life LogoSagicor Life Insurance CompanySage Secure 10A-4.10%10 yrs
North American Guarantee Choice 7 Year Fixed AnnuityNorth American CompanyBenefitSolutions 10A+4.00%10 yrs
Fidelity & Guaranty Life LogoFidelity & Guaranty LifeProsperity Elite 10A-4.00%10 yrs
The Standard Insurance Company Logo PNGThe StandardIndex Select Annuity 7A4.75%7 yrs
Guaranty Income Life Insurance Company Logo Guaranty Income LifeWealthChoice 7B++4.75%7 yrs
Athene Annuity Logo Athene IAAthene Protector 7A4.50%7 yrs

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How Does a Fixed Index Annuity Cap Rate Work?

A Fixed Index Annuity offers a chance for upside gains in a good market and protection from possible downturns. To calculate the interest earned in any given contract year using this strategy you first calculate the S&P 500’s performance for the year. 

To do this you subtract beginning value from ending value on contract anniversary. Then divide the change in the change in the indexes value by the starting value.

If there was a positive performance your account is credited 100% up to the cap. However, if the index was down for the year you would be credited with 0% interest for the year.

A resource you may find useful when considering annuities is “The Complicated Risks and Rewards of Indexed Annuities“, published by FINRA.

Fixed Index Annuity Rates cartoon drawing showing how index annuity works by capping upside and downside

Fixed Index Annuity Rates By Insurance Company

Great American Annuity Logo Great American A
Fidelity & Guaranty Life Logo Fidelity & Guaranty LifeA-
oxford life insurance company logoOxford LifeA-
Global Atlantic Financial Group PNG LogoGlobal AtlanticA
Allianz Logo Allianz LifeA+

Understanding Fixed Index Annuity Rates

Index PerformanceCapInterest Earned
Index PerformanceSpreadInterest Earned
Index PerformancePAR RateInterest Earned

Fixed Index Annuity Rates by Term

Finding the Best Fixed Index Annuity Rates

Available Indexes: The stock market indexes available in the index annuity. We have a list of available stock market indexes available at each insurance carrier for simplicity. 

Index Annuity Crediting methods (or limiting factors): used to determine what interest rate is credited to your account annually. For example, cap rate, spread, or participation rate. 

Insurance Company Financial Ratings:  An insurer’s financial ratings are very important because they are an indicator of an insurance company’s ability to fulfill it’s obligations to it’s policyholders. To learn more about what these ratings mean we suggest visiting our Insurance Company Financial Ratings Explained page.

Investment Term: Terms range from 3 years to 10 years. During that period of time, you’ll receive a guaranteed rate but will have limited access to your funds. Usually, the longer the term the higher the yield but that isn’t the case in today’s rate environment.

Liquidity: You’ll notice a column for liquidity at our annuity marketplace; there will either be 10% or interest only listed. This is the annual free withdrawal amount you can take from your annuity contract each year without a surrender penalty.  

Friendly Fact S&P 500

The S&P 500® has over $9.9 trillion benchmarked to the index, with indexed assets comprising approximately $3.4 trillion of this total.¹

SOURCE: ¹S&P 500®, (accessed Aug. 8, 2018)

Indexes Available in a Fixed Index Annuity

The below table lists the indexes available in index annuities by insurance company.

Insurance CompanyAM Best RatingStock Market Index Information
American General (AIG)AAQR DynamiQ Allocation Index
American General (AIG)AMerrill Lynch Strategic Balanced Index MLSB
American General (AIG)APIMCO Global Optima Index PIMGOPT
American General (AIG)ARussell 2000 Small Cap Market Index .RUT
American General (AIG)AMSCI EAFE - Non U.S. and Canada Index EAFE
ABloomberg US Dynamic Balanced Index Ticker: BUDBI II
Lincoln Financial GroupA+Fidelity AIM Dividend Index Ticker: FIDAIMDN
Lincoln Financial GroupA+S&P 500 Daily Risk Control Index 5%
AtheneAAI Powered US Equity Index (Ticker: AiPex)
AtheneAS&P 500 Daily Risk Control 2 8% Index
AtheneANASDAQ Fast Convergence Index BOFANFCC
AtheneABNP Paribas Multi Asset Diversified 5 Index BNPIMAD5
AtheneAS&P 500 Daily Risk Control 5% Index
American EquityA-S&P 500 Daily Risk Control 2 8% Index
American EquityA-Dow Jones Industrial Average (DJIA)
American EquityA-S&P 500 Dividends Aristocrats Index
EquiTrust B++Barclays Focus50 Index (BXIIF50E)
Fidelity & Guaranty LifeA-Balanced Asset 10 Index. Ticker: CIBCBIDX)
Fidelity & Guaranty LifeA-Morgan Stanley Dynamic Rotator. Ticker: MSUSMSDR
Fidelity & Guaranty LifeA-Barclays Trailblazer Sector 5 Index (ticker BXIITBZ5)
Great American AS&P 500 Daily Risk Control 10% Index (Ticker : SPXT10UT)
Great American AIShares U.S. Real Estate ETF 1YR
Great AmericanAS&P 500 U.S. Retiree Spending Index
Global AtlanticAPIMCO Balanced Index PIMBAL
Global AtlanticAMSCI EAFE Non U.S. and Canada Stock Index EAFE
Global AtlanticARussell 2000 Small Cap Index .RUT
Global AtlanticABlackrock Diversa Volatility Controlled Index ^IBLDV7E
Global AtlanticAFranklin U.S. Equity Index FTUSLX
North American Co.A+NASDAQ 100 Index
Oxford LifeA-S&P 500 Index
Oxford LifeA-2 Year Citi Flexible Allocation Index CIISFM6E
Reliance StandardA+S&P 500 Index
PrincipalAS&P 500 Index SPX

Fixed Index Annuity FAQs

Yes. Insurance companies as a whole have a long history of stability, even through our nation’s most difficult economic times. Fixed index annuities, unlike variable annuities, are backed by the full faith and credit of the issuing insurance company.


Fixed index annuities are a type of fixed annuity that earns interest based on changes in a market index, which measures how the market or part of the market performs. The interest rate is guaranteed to never be less than zero, even if the market goes down.  The return earned in a variable annuity isn’t guaranteed.

Fixed Index Annuities are a type of fixed annuity that offers a change to earn more when the markets perform and downside protection from potential market downturns.

In the broadest terms, an annuity is a contract between you and an insurance company, where you make a premium payment(s) in exchange for the benefits defined in the contract.

A fixed index annuity does not have any upfront fees or sales charges; meaning 100% of your purchase amount is credited towards your account value.  Additional riders may be added for an annual fee on some indexed annuity contracts.

Featured Fixed Index Annuity Companies & Products

It is impossible to list every available index, crediting method and index rates for all of our fixed index annuities. You are able to compare S&P 500 Annual Cap rates using our online marketplace. If you’d like complete annuity rate information with all available indexes, crediting methods and interest rates please make a request using our Contact Us Form.

Additionally, you can gain a better understanding of a specific indexed annuity by reading our independent and unbiased annuity reviews (available for most of our best-selling index annuities).

Athene Annuity Logo Performance Elite Annuity Review Page
AIG Logo
great american life insurance annuity logo

Athene Life and Annuity Company Profile

Athene Annuity & Life Insurance Company is a leading provider of products in the retirement savings market. It is one of the industry’s fastest-growing writers of fixed indexed annuities. The vision for their retail business is to be the fixed annuity market leader with a strong capital base and efficient operating model. 

They offer a strong portfolio of fixed annuity products designed to meet consumers’ accumulation and retirement income needs.

Athene Annuity & Life Company was founded in 1896 and are domiciled in Iowa. As of June, 2020 they had just over $65 Billion in assets and are rated A with AM Best. Visit our Athene Financial Profile page for more detailed rating information. 

American General Life Insurance Co. (AIG) Profile

American General Life Insurance Company is part of American International Group (AIG), a multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions.

AIG was founded in 1960 and are domiciled in Texas. As of May 15, 2020 they had just over $192 Billion in assets and are rated A with AM Best.

Great American Life Insurance Company

Great American Life Insurance Company has been wholly or majority owned by American Financial Group since 1973. The company is licensed in 49 states and the District of Columbia. It primarily writes both qualified and non-qualified fixed annuity products. In 2006, Great American introduced fixed-indexed annuities and has ranked as a top provider of these retirement products ever since.

Great American Life Insurance Company was founded in 1961 and is A Rated with AM Best and as of June, 2020 they had $35.8 Billion is assets. More in-depth information can be found on the Great American Financial Profile page.

Annuities are distributed by My Annuity Store, Inc. Guarantees are subject to the claims-paying ability of the insurer. My Annuity Store, Inc. does not advise clients on the purchase of non-fixed annuity products. The information presented here is not intended to be a recommendation to purchase a fixed annuity (MYGA), fixed index annuity(FIA), variable annuity (VA), registered index linked annuity (RILA), immediate annuity (SPIA), longevity annuity, or Qualified Longevity Annuity Contract (QLAC). 

The contract features described may not be current and may not apply in the state in which you reside. Insurance companies often issue contracts which are ‘state-specific’. Insurance companies also change their products and information often and without notice. Annuities are subject to the terms and conditions of the specific contract issued by the insurer, are not FDIC or NCUA insured, are not bank guaranteed, may lose value, and are not a deposit. Please call (855) 583-1104 if you have any questions or concerns. 

The information presented here is not a representation regarding the suitability of any concept or product(s) for an individual and it does not provide tax or legal advice. You should always consult your own financial planning, tax, and legal advisors to determine if a fixed annuity, fixed index annuity, annuity with long term care rider, immediate annuity, longevity annuity, or Qualified Longevity Annuity Contract are suitable in your financial situation.