Today's Best 5 Year Fixed Indexed Annuity Rates

 InsurerAnnuity NameAM BestMinimumS&P 500 Cap
Athene Annuity Logo Athene IAAthene Protector 5 *ROP for FEE*A$10,0004.25%
oxford life insurance company logoOxford Life Insurance CompanySelect 5A-$20,0004.25%
Guaranty Income Life Insurance Company Logo Guaranty Income LifeWealthChoice 5B++$20,0004.25%
AIG Logo \American General Life Insurance CompanyPower 5 Protector A$00,0004.15%
Great American Life Insurance Company Legend 7 Index AnnuityGreat American Life Insurance CompanyAmerican Landmark 5A+$100,0004.05%
Athene Annuity Logo Athene IAAscent Accumulator 5A$10,0004.00%
The Standard Insurance Company Logo PNGThe StandardIndex Select Annuity 5 A$100,0004.00%
Great American Life Insurance Company Legend 7 Index AnnuityGreat American Life Insurance CompanyAmerican Landmark 5 A+$10,0003.80%
Sagicor Life LogoSagicor Life Insurance CompanySage Secure 5 A-$100,0003.80%
The Standard Insurance Company Logo PNGThe StandardIndex Select Annuity 5A$15,0003.75%
Great American Life Insurance Company Legend 7 Index AnnuityGreat American Life Insurance CompanyAmerican Landmark 5 Non-MVAA+$100,0003.70%

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

Friendly Fact S&P 500

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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+

Fixed Index Annuity Interest Crediting Methods

Since an index annuity doesn’t guarantee a specified interest rate like a fixed annuity it is important to understand how fixed index annuity interest crediting methods work. Below is a brief explanation and example of the different index annuity rates you’ll come accross.


You get 100% of the index performance up to the cap rate; let’s take a look at some examples in the table below:

Index PerformanceCapInterest Earned


Interest using the spread strategy is calculated by subtracting the spread from the market index’s performance. You can think of a spread as a fee that you only pay if there is enough interest earned to pay it; let’s take a look at some examples in the table below:

Index PerformanceSpreadInterest Earned


A fixed index annuity participation rate is multiplied by the index’s performance for the term to determine the interest rate credited for that contract period. The table below contains a few examples;

Index PerformancePAR RateInterest Earned

Fixed Index Annuity Rates by Term

Finding the Best 5 Year Fixed Index Annuity Rates for You

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: Index annuities almost always offer 10% free withdrawals annually. Some will allow free w/d’s in year 1 while others don’t allow for free withdrawals until the second contract year. 

Additionally, almost every index annuity includes nursing home and terminal illness riders at no cost. These make your account 100% liquid should you be confined to a nursing home or diagnosed with 12 months or less to live.

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.

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

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.