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Best Fixed Annuity Companies

Best Fixed Annuity Companies 2019 analyst writing on investment charts

Best Fixed Annuity Companies

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. 

10 Best Fixed Annuity Companies

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

Fixed annuity sales broke sales records in 2019 with sales of $139.8 billion in 2019, up 5% from the prior year. A big part of the increase in fixed annuity popularity is the low CD rate environment.

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
Global Atlantic Financial GroupA75$4,684,876
New York LifeA++100$9,863,105
AIG CompaniesA82$7,237,372
Massachusetts Mutual LifeA++98$3,854,866
Pacific LifeA+93$2,873,727
Principal Financial GroupA91$2,844,881
Western Southern GroupA+96$2,468,257
Symetra FinancialA82$2,103,435
MetLifeA+95$1,443,005
Great AmericanA82$1,403,162
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

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)
Comdex98

#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)
Comdex91

#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)
Comdex96

#1. Selling Fixed Annuity: MultiVantage Series 

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: 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)
Comdex95
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

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 Rating and AM Best Rating as well.

Insurance CompanyA.M. Best
Rating
Comdex
Score
2019 Fixed
Annuity Sales
Global Atlantic Financial GroupA75$4,684,876
New York LifeA++100$9,863,105
AIG CompaniesA82$7,237,372
Massachusetts Mutual LifeA++98$3,854,866
Pacific LifeA+93$2,873,727
Principal Financial GroupA91$2,844,881
Western Southern GroupA+96$2,468,257
Symetra FinancialA82$2,103,435
MetLifeA+95$1,443,005
Great AmericanA82$1,403,162

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

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

Highest Rated Annuity Companies

Not only was New York Life the best annuity company in 2019 in terms of fixed annuity sales; but 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++.

Today's Fixed Annuity Rates

Best Overall Annuity Company: Jackson National

According 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%.”

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 and 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.

Jason Caudill, MBA

Jason Caudill, MBA

Jason is passionate about annuities and the important role they can play inside a retirement portfolio. He's distributed more than $1.5 Billion in annuities over a 17-year career; serving in many roles, including RVP at the largest independent Annuity Brokerage Firm, VP of Marketing at a top Insurance Company, and Regional Director in the Private Client Group at a Fortune 500 Company.

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