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Best Fixed Annuity Companies 2024

Best Fixed Annuity Companies 2019 analyst writing on investment charts

Best Fixed Annuity Companies

A fixed annuity, or MYGA, is a type of annuity that pays a guaranteed interest rate for a set period of time. A rising interest rate environment allowed annuity companies to offer higher fixed annuity rates in 2022 – and American consumers responded.

The Secure Retirement Institute publishes total U.S. Individual Annuity Sales every year and lists the top 20 annuity companies for each type of annuity. The fixed annuity sales breakout results for 2022 are now in so without any further ado let’s dive into the best fixed annuity companies in the United States in 2022!

10 Best Fixed Annuity Companies

Fixed annuity sales were $208 billion in 2022 shattering the previous record set in 2019 by 49%. Todd Giesing, assistant vice president, LIMRA Annuity Research, said “Investors seeking guaranteed growth and downside protection drove extraordinary fixed annuity sales in 2022.

Below are the top 20 best-fixed annuity companies for 2022, ranked by individual U.S. Fixed Annuity Sales according to the 2022 LIMRA U.S. Individual Annuities Sales Survey (Year-end 2022 $ in thousands).

RankAnnuity CompanyFixed Sales
1New York Life$14,857,784
2Mass Mutual$11,900,949
3Athene Annuity and Life $9,714,648
4Corebridge Financial$7,146,379
5Western Southern Group$6,230,513
6Global Atlantic Financial Group$5,159,947
7Pacific Life$4,512,947
8USAA Life$4,155,154
9Fidelity & Guaranty Life (F&G) Review$3,740,550
10Brighthouse Financial$3,704,850
11Symetra Financial$2,954,492
12Sammons Financial Companies$2,745,169
13Reliance Standard$1,457,344
15Delaware Life$1,148,882
16American National Insurance Company$937,996
17Security Benefit Life$926,412
18The Standard$750,428
19Thrivent Financial$744,781
20Mutual of Omaha$688,054

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Financial Ratings of Previous top 10 Fixed Annuity Companies

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)

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

What made the New York Life Secure Term Choice II the number-one selling fixed annuity in the United States? 

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
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 Vision

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

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)

#1. Selling Fixed Annuity: Mass Mutual Stable Voyage

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 Pacific Life Fixed Annuity: Pacific Secure Income

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)

#1. Selling Fixed Annuity: Principal Select Series Annuity

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)

#1. Selling Fixed Annuity: MultiVantage Series 

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)

#1. Selling Fixed Annuity: Symetra Select 5

Metlife logo

#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)
Great American Life Insurance CompanyRating
301 E Fourth St., Cincinnati, OH 45202
A.M. Best Rating (15 possible ratings)A+ (2)
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

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Today's Fixed Annuity Rates

TermInsurerRateAnnuity AM BestApplication
2 Years Americo annuity logo
5.35%Platinum Assure 2AApply
3 YearsSecurity sentinel life logo
Sentinel Security
5.90%Personal ChoiceB++Apply
4 Years Americo annuity logo
5.50%Platinum Assure 4AApply
5 Years Ibexis annuity logo
6.30% SimpleMYGA PlusA-Apply
6 Years Nassau logo
7 Years Ibexis annuity logo
6.50% SimpleMYGA PlusA-Apply
8 Years Equitrust annuity logo
5.50%Certainty SelectB++Apply
9 YearsAmerican national annuity logo
American National
5.35%Palladium MYGAAApply
10 Years Equitrust annuity logo
5.60%Certainty SelectB++Apply

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