Aspida Life Insurance Company Annuity Review (2026)

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

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:

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 A-rated financial strength 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.

Aspida Pros and Cons

Here is a balanced look at Aspida’s strengths and limitations for annuity buyers:

Pros

• Solid financial strength with an A-range AM Best rating
• Offers MYGA products with guaranteed rates and predictable returns
• Offers fixed index annuities with growth potential tied to market indexes and downside protection
• Available through independent agents, allowing side-by-side comparisons with other carriers

Cons

• Not the highest-rated carrier available, so buyers should weigh the rate vs. rating trade-off
• Product availability varies by state, so not all products may be offered where you live
• Surrender charges apply during the contract term, which limits liquidity

Frequently Asked Questions About Aspida

Is Aspida a safe company for annuities?

Aspida holds an A-range AM Best rating (A- (Excellent)), which indicates a strong ability to meet ongoing policyholder obligations. In addition, annuity contracts are backed by your state guaranty association, which provides a secondary layer of protection typically covering $250,000 per contract. 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 advisors. My Annuity Store is an independent platform that can quote Aspida alongside 20+ other carriers 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

Compare Aspida Against Other Carriers: My Annuity Store compares Aspida alongside Athene, F&G, EquiTrust, and 20+ other top-rated carriers. Get a free comparison quote or call 855-583-1104.