Fixed Index Annuity Reviews
Browse all of our independent, unbiased product reviews. Click the column header to sort, or use the search box to filter by carrier or product name.
Browse all of our independent, unbiased product reviews. Click the column header to sort, or use the search box to filter by carrier or product name.
See today's highest guaranteed rate from an A-rated carrier for each term length.
Rates sourced from AnnuityRateWatch. A-rated carriers (AM Best) only. Not a solicitation. Rates vary by state. Verify before purchasing.
Insurance companies offer several types of annuities to fit different financial goals. Here's how they compare.
A MYGA (Multi-Year Guaranteed Annuity) is the simplest fixed annuity. Your rate is guaranteed for the entire term — 3, 5, or 7 years. No market exposure, no index tracking. What you see is what you earn.
Best for: Savers who want a predictable, guaranteed return and are comfortable locking funds for a set term. Often compared to CDs but frequently pays more.
Learn more about MYGAs →A Fixed Indexed Annuity (FIA) links your interest credits to a market index (like the S&P 500) with a floor of 0% — so you can never lose principal. Upside is capped via participation rates or caps.
Best for: Investors who want some market participation with a safety net. More complex than MYGAs but potentially higher returns in strong market years.
Learn more about FIAs →A SPIA (Single Premium Immediate Annuity) converts a lump sum into a guaranteed income stream — monthly checks that start within 30 days and continue for life or a set period.
Best for: Retirees who need guaranteed income immediately and want to eliminate the risk of outliving their money. The "pension replacement" product.
Learn more about SPIAs →A Variable Annuity invests your premium in sub-accounts (similar to mutual funds). Returns fluctuate with the market — you can earn more but can also lose principal.
Best for: Long-term investors who want market exposure inside a tax-deferred wrapper and are comfortable with investment risk. Higher fees than fixed products.
Learn more about variable annuities →A RILA (Registered Index-Linked Annuity) offers partial market participation with a defined buffer against losses (e.g., 10% or 20%). Unlike FIAs, RILAs can lose money — but losses are limited.
Best for: Investors willing to accept limited downside in exchange for higher upside potential than a traditional FIA. A middle ground between fixed and variable.
Learn more about RILAs →Every state has a guaranty association that protects annuity holders if a carrier becomes insolvent. Coverage typically ranges from $100,000 to $500,000 depending on your state — most states cover at least $250,000.
Check your state’s coverage limits →Compare financial strength and product offerings across top-rated carriers.
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