Best Fixed Annuity Companies 2019 analyst writing on investment charts

Top 10 Fixed Annuity Companies 2019

Despite our ultra-low interest rate environment – fixed annuity sales set a record last year. In this article, we’ll list the top 10 fixed annuity companies based on total sales in 2019. We’ll also list the best fixed annuity for each of the top 10 companies.

The results are now in – let’s dive into the best annuity companies in 2019. 

Best Fixed Annuity Companies

Best Fixed Annuity Companies by The Numbers

Each year the Secure Retirement Institute publishes total U.S. Individual Annuity Sales and breaks out the results for the top 20 Insurance Companies. 

In addition to overall annuity sales, they also break out the results by types of annuities including fixed, indexed, and top variable annuity companies as well.

Fixed annuity sales broke sales records in 2019 with sales of $139.8 billion in 2019, up 5% from the prior year.

The below table lists the top 10 Fixed Annuity Companies by sales in 2019. In addition to the total annuity sales for each company, we’ve included their Comdex Score and AM Best Rating as well.

Insurance CompanyA.M. Best
Rating
Comdex
Score
2019 Fixed
Annuity Sales
New York LifeA++100$9,863,105.00
AIG CompaniesA82$7,237,372.00
Global Atlantic Financial GroupA75$4,684,876.00
Massachusetts Mutual LifeA++98$3,854,866.00
Pacific LifeA+93$2,873,727.00
Principal Financial GroupA91$2,844,881.00
Western Southern GroupA+96$2,468,257.00
Symetra FinancialA82$2,103,435.00
MetLifeA+95$1,443,005.00
Great AmericanA82$1,403,162.00

Source: Secure Retirement Institutre* U.S. Individual Annuities Sales Survey

Best Fixed Annuity Companies

#1. New York Life Insurance Company

New York LifeRating
A.M. Best Rating (15 possible)A++ (1)
Fitch (21 possible)AAA (1)
Standard & Poor's (20 possible)AA+ (1)
Moody's (21 possible)Aaa (1)
Comdex100

#1. Selling Fixed Annuity: New York Life Secure Term Choice II Fixed Annuity

The Secure Term Choice II allows you to choose the guaranteed interest rate/surrender period from 3-7 years. The longer period, the higher the interest rate.

  • Maximum age for initial purchase: 90
  • Single premium
  • Minimum initial premium: $5,000; $10,000 for pension plans
  • Additional premiums: not permitted
  • Maximum premium: premiums of $1,000,000 or more require NYLIAC approval
  • No Fees

#2. AIG Companies

American General Life Insurance CompanyRating
A.M. Best Company (Best's Ratings, 15 Ratings)A (3)
Moody's (Financial Strength, 21 Ratings)A2 (6)
Standard & Poor's (Financial Strength, 20 Ratings)A+ (5)
Fitch Ratings (Financial Strength, 21 Ratings)A+ (5)
Weiss (Safety Rating, 16 Ratings)B (5)
Comdex Ranking (Percentile in Rated Companies)82

#1. Selling Fixed Annuity: American Pathway VisionMYG

  • The maximum age for initial purchase: 85
  • Single Premium
  • Minimum initial premium: $5,000; $1,000,000 Maximum
  • Interest- free withdrawals year 1, 15% free withdrawals years 2+
  • Rate guaranteed for the term of the contract: 4,5,6,7 and 10-year durations available
  • No Fees

#3. Global Atlantic Financial Group

Global Atlantic Financial Group Rating
A.M. Best Rating (15 possible ratings)A (3)
Moody's (21 possible ratings)A3 (7)
Fitch (21 possible ratings)A (6)
Standard & Poor's (Financial Strength, 20 Ratings)A- (7)
Comdex (percentile of all rating companies)75

#1. Selling Fixed Annuity: SecureFore Fixed Annuity

  • The maximum age for initial purchase: 85
  • Single Premium
  • Minimum initial premium: $10,000; $1,000,000 Maximum
  • 10% annual free withdrawals beginning year 1
  • Rate guaranteed for the term of the contract: 3,5, and 7-year durations available
  • No Fees

#4. Massachusets Mutual (Mass Mutual)

Massachusetts Mutual Life Insurance CompanyRatings
A.M. Best Rating (15 possible)A++ (1)
Fitch (21 possible)AA+ (2)
Standard & Poor's (20 possible)AA+ (2)
Moody's (21 possible)Aa3 (4)
Comdex98

#1. Selling Fixed Annuity: Mass Mutual Stable Voyage

  • Maximum Initial purchase age: 85
  • Single Premium
  • Minimum initial premium: $10,000; $1,500,000 Maximum
  • 10% annual free withdrawals beginning year 1
  • Rate guaranteed for the term of the contract: 3,4,5, 7and 9-year durations available
  • No Fees

#5. Pacific Life Insurance Company

Pacific Life Insurance Company Rating
700 Newport Center Dr, Newport Beach, CA 92660
A.M. Best Rating (15 possible ratings)A+ (2)
Moody's (21 possible ratings)A1 (5)
Fitch (21 possible ratings)AA- (4)
Standard & Poor's (Financial Strength, 20 Ratings)AA- (4)
Comdex (percentile of all rating companies)93

#1. Selling Fixed Annuity: Pacific Secure Income

  • Fixed Deferred Income Annuity
  • Maximum Issue Age 85 (nonqualified and Roth IRA); 70 (traditional IRA); 82 (QLAC)
  • Flexible-Premium
  • Minimum initial premium: $15,000; $1,000,000 Maximum
  • Income Payment Start Date must be at least 13 months after the issue and no later than 30 years after 
  • Inflation protection available at time of purchase
  • No Fees

#6. Principal Financial Group

Principal Financial GroupRatings
A.M. Best Rating (15 possible)A+ (2)
Fitch (21 possible)AA- (4)
Standard & Poor's (20 possible)A+ (5)
Moody's (21 possible)A1 (5)
Comdex91

#1. Selling Fixed Annuity: Principal Select Series Annuity

  • Fixed Deferred Income Annuity
  • Maximum Issue Age 85 
  • Single Premium Premium
  • Minimum initial premium: $5,000; $2,000,000 Maximum
  • 10% Free withdrawals beginning year 1
  • Available in 3,6 and 9-year durations
  • No Fees

#7. Western & Southern

Western & Southern Life Insurance CompanyRatings
A.M. Best Rating (15 possible)A+ (2)
Fitch (21 possible)AA (3)
Standard & Poor's (20 possible)AA- (4)
Moody's (21 possible)Aa3 (4)
Comdex96

#1. Selling Fixed Annuity: MultiVantage Series 

  • Maximum Issue Age 89
  • Single Premium Premium
  • Minimum initial premium: $20,000; $1,000,000 Maximum
  • 10% Free withdrawals beginning year 1
  • Available in 4,5,7 and 10-year durations
  • No Fees

#8. Symetra

SymetraRatings
A.M. Best Rating (15 possible)A (3)
Fitch (21 possible)AA- (4)
Standard & Poor's (20 possible)A (6)
Moody's (21 possible)A1 (5)
Comdex82

#1. Selling Fixed Annuity: MultiVantage Series 

  • Maximum Issue Age 89
  • Single Premium Premium
  • Minimum initial premium: $20,000; $1,000,000 Maximum
  • 10% Free withdrawals beginning year 1
  • Available in 4,5,7 and 10-year durations
  • No Fees

#9. MetLife

Met Life - Metropolitan Life Insurance CompanyRatings
A.M. Best Rating (15 possible)A+ (2)
Fitch (21 possible)AA- (4)
Standard & Poor's (20 possible)AA- (4)
Moody's (21 possible)AA3 (4)
Comdex95

#1. Selling Fixed Annuity: MetLife Fixed Annuity FA Fixed Deferred Annuity

  • Single Premium Premium
  • Minimum initial premium: $20,000; $1,000,000 Maximum
  • 10% Free withdrawals beginning year 2
  • Available in 1,3,5,7 and 10-year durations
  • No Fees

#10. Great American Life Insurance Company (GALIC)

Great American Insurance GroupRating
301 E Fourth St., Cincinnati, OH 45202
A.M. Best Rating (15 possible ratings)A (3)
Moody's (21 possible ratings)A2 (6)
Standard & Poor's (20 possible ratings)A+ (5)
Comdex (percentile of all rated companies)82

#1. Selling Fixed Annuity: SecureGain

  • Single Premium
  • Minimum initial premium: $10,000; $1,000,000 Maximum
  • 10% Free withdrawals beginning year 1
  • Available in 3,5,7 year durations
  • No Fees

Retirement isn't supposed to be hard blog graphic my annuity store, inc.

 

Highest Rated Annuity Company Wins Out in 2019

Not only was New York Life the best annuity company in 2019 in terms of fixed annuity sales; it is also the most highly rated of all insurance companies. They boast a Comdex Score of 100 placing them in the one-hundredth percentile and they also hold the highest possible A.M. Best Rating, A++.

 

Registered Index-Linked Annuities (RILA)

Registered index-linked annuities (RILAs) drove the overall growth in the VA market. In 2019, RILA sales were $17.4 billion, up 55%. Equitable Financial was the #1 RILA company in 2019 representing 29% of the industry’s total RILA sales.

 

Best Overall Annuity Company: Jackson National

¹According to the Secure Retirement Institute® (SRITM) U.S. annuity sales rankings, Jackson was the top seller of total annuities in 2019. Jackson retakes the lead position after losing it to AIG in 2018. Jackson has been “king-of-the-jungle” in the variable annuity space for what seems like a decade but variable annuity sales have been on the decline while fixed index annuities are seeing significant growth.

“In 2019, Jackson diversified its annuity sales to focus on growing its fixed annuity market share, which propelled its overall growth in 2019,” said Todd Giesing, SRI senior annuity research director. “Jackson’s fixed indexed annuity sales jumped a staggering 1,293% in 2019, while their fixed-rate deferred annuity sales climbed 169%.”

Today's Fixed Annuity Rates

 TermInsurerAnnuityA.M. BestRate
Silac insurance company logo 2yrSILACSecure Savings EliteB+2.15%
American equity 3yrAmerican EquityGuaranteeShield 3B++2.10%
0 thumb 2 4yrOceanview LifeHarbourview MYGAA-2.60%
Silac insurance company logo 5yrSILACSecure Savings Elite B++2.95%
Atlantic thumb 2 6yrAtlantic Coast LifeSafe Haven 6B++2.87%
Sentinel security life logo 7yrSentinel Security LifePersonal ChoiceB++2.90%
Guaranty logo thumb 2 8yrGuaranty Income LifeGuaranty Rate Lock 8B++2.75%
Guaranty logo thumb 2 9yrGuaranty Income LifeGuaranty Rate Lock 9 B++3.00%
Atlantic thumb 2 10yrAtlantic Coast LifeSafe HarborB++3..01%

If you’d like to shop and compare more annuity rates you can do so at our online fixed annuity store or our fixed index annuity marketplace. We offer free 15 minute phone consultations as are also happy to assist you in any way we can via phone and email. 

You can schedule a call with us by clicking the button below; or, you can submit an inquiring using the below contact form.

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Kiara Caudill

Kiara Caudill

I spent the first 10 years of my career as a clinical mental health therapist and I saw firsthand that finances play a large role in one’s happiness. A good financial plan is not only important to your financial health it’s also important to your mental health. I approach financial planning from a behavioral finance perspective using a goals-based approach. Kiara holds a B.A. Degree in Psychology from Goshen College and an M.A. in Clinical Mental Health Counseling from Valparaiso University.

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