Aspida Life Insurance Company holds an A- (Excellent) rating from AM Best and has rapidly grown into one of the more active carriers in the MYGA and fixed index annuity market since rebranding from Global Bankers Insurance Group in 2021. Based in Charlotte, North Carolina and backed by Ares Management Corporation, one of the largest global alternative asset managers, Aspida brings institutional financial backing and competitive product pricing to the independent agent channel.
This review covers Aspida’s financial strength, annuity product lineup, and contact information.
Aspida at a Glance
| Detail | Information |
|---|---|
| Full Legal Name | Aspida Life Insurance Company |
| Formerly Known As | Global Bankers Insurance Group |
| Parent Company | Ares Management Corporation |
| Headquarters | Charlotte, North Carolina |
| AM Best Rating | A- (Excellent) |
| Products Offered | MYGAs (Synergy Choice series), Fixed Index Annuities |
| States Available | Most states (varies by product) |
| Minimum Premium | $10,000 (varies by product) |
Aspida’s Financial Strength
Aspida holds an A- (Excellent) from AM Best and is backed by Ares Management Corporation, a global alternative asset manager with $400+ billion in assets under management. The Ares backing provides institutional-grade investment management and capital support that underpins Aspida’s ability to offer competitive MYGA rates while maintaining A-rated financial standing.
Aspida was formerly known as Global Bankers Insurance Group before rebranding in 2021. The rebrand reflected the company’s growth trajectory and its shift toward broader consumer and independent agent distribution. The A- rating and institutional parent represent a meaningful step up from the smaller, startup positioning the company had in its earlier years.
What Types of Annuities Does Aspida Offer?
- Multi-Year Guaranteed Annuities, Synergy Choice Series: Aspida’s Synergy Choice MYGA series is available in multiple term lengths with competitive rates in the A- tier. Guaranteed fixed rates from issue date through maturity with no market exposure. Download the Aspida Synergy Choice brochure.
- Fixed Index Annuities (FIAs): Aspida’s FIA products offer index-linked growth with a zero-loss floor. Available through independent agents with multiple index crediting strategy options.
Aspida MYGA Rates
Current Aspida MYGA rates from our live rate feed:
Current MYGA Rates
Live rates from AnnuityRateWatch · Rates updated July 18, 2026
| Product | Term | Rate (APY) | Min Premium | Last Rate Change | |
|---|---|---|---|---|---|
|
Synergy Choice 3
AM Best A- |
3 Years | 4.95% | $100,000+ | Jun 4, 2026 | View Details → |
|
Synergy Choice 3
AM Best A- |
3 Years | 4.8% | $25,000+ | Jun 4, 2026 | View Details → |
|
Synergy Choice 5
AM Best A- |
5 Years | 5.65% | $100,000+ | Jun 4, 2026 | View Details → |
|
Synergy Choice 5
AM Best A- |
5 Years | 5.5% | $25,000+ | Jun 4, 2026 | View Details → |
|
Synergy Choice 7
AM Best A- |
7 Years | 5.7% | $100,000+ | Jun 4, 2026 | View Details → |
|
Synergy Choice 7
AM Best A- |
7 Years | 5.55% | $25,000+ | Jun 4, 2026 | View Details → |
Rates apply to standard products. State availability varies. Not an offer or solicitation. Always verify current rates before purchasing.
Who Is Aspida Best For?
- MYGA buyers looking for competitive A- rates from an institutionally backed carrier: The Ares backing adds a layer of institutional credibility to Aspida’s A- rating. Buyers who want strong financial ratings with yields that compete at the top of the A- tier will find Aspida worth evaluating.
- FIA buyers who want a growing, innovation-focused carrier: Aspida has been active in expanding its FIA product designs and crediting options. Buyers looking for a nimble, newer carrier with modern product features may find Aspida’s FIA lineup compelling.
- Independent agent channel buyers: Aspida distributes exclusively through independent agents, making its products accessible through any independent annuity specialist.
Frequently Asked Questions About Aspida
Is Aspida a safe company for annuities?
Aspida holds an A- (Excellent) rating from AM Best, which indicates a strong ability to meet ongoing policyholder obligations. State guaranty associations provide backstop protection up to state-specific limits. Coverage limits vary by state; see NOLHGA.com for details. Always verify both the current rating and your state’s coverage limits.
What types of annuities does Aspida offer?
Aspida offers MYGAs, fixed index annuities through independent agents and financial professionals. Product availability, rates, and features vary by state. Use our rate comparison tool to see what’s currently available from Aspida and competing carriers.
How do I buy an annuity from Aspida?
Aspida annuities are sold through licensed insurance agents and financial professionals. My Annuity Store is an independent platform that can quote Aspida alongside 90+ top annuity companies so you can compare rates, terms, and financial strength ratings in one place. Request a free quote or call 855-583-1104 to get started.
How Does Aspida Compare to Other Carriers?
The annuity marketplace in 2026 is competitive, with dozens of carriers vying for your business. Before committing to any single carrier, it pays to compare at least three to five options side by side. Key factors to evaluate include:
- AM Best financial strength rating – look for A- or higher for maximum peace of mind
- Guaranteed interest rate and term – even a 0.10% difference compounds significantly over a 5- to 10-year contract
- Surrender charge schedule – understand when you can access your money penalty-free
- Free withdrawal provisions – most carriers allow 10% annual withdrawals without penalty
- Cap rates and participation rates – these determine your upside potential in a fixed index annuity
Our live rate comparison tool shows current rates from Aspida and all competing carriers updated daily. You can also request a personalized comparison from our team.
Contact Aspida
| Contact Method | Details |
|---|---|
| Website | www.aspida.com |
| Customer Service | 1-800-349-1705 |
| Mailing Address | Aspida Life Insurance Company 4350 Congress Street, Suite 900 Charlotte, NC 28209 |
| Hours | Monday–Friday, 8 a.m.–5 p.m. ET |
Compare Aspida Against Other Carriers: My Annuity Store compares Aspida against 90+ top annuity companies, including Athene, F&G, and EquiTrust. Get a free comparison quote or call 855-583-1104.
Aspida Life Insurance Company Pros and Cons
Pros
- A- (Excellent) AM Best rating
- Backed by Ares Management Corporation ($400+ billion AUM)
- Competitive MYGA rates within A- tier
- Growing FIA product lineup with modern product design
- Distributes through independent agent channel
Cons
- Rebranded from Global Bankers in 2021 - shorter Aspida brand history
- Higher minimum premium ($10,000) than some competing carriers
