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Best Fixed Annuity Companies 2024

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    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
    14Nationwide$1,301,800
    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)
    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

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    Today's Fixed Annuity Rates

    TermInsurerCompany DetailsRateAnnuity AM BestApplication
    2 YearsOceanview life and annuity logoOceanview Life5.25%Harbourview 2A-Apply
    3 YearsSecurity sentinel life logoSentinel Security5.90%Personal Choice/a>B++Apply
    4 YearsNassau logoNassau5.50%MyAnnuityB++Apply
    5 YearsIbexis annuity logoIbexis 6.15% SimpleMYGA PlusA-Apply
    6 YearsOxford life insurance company logoOxford Life5.60%Multi-SelectA-Apply
    7 YearsNassau logoNassau5.65%Platinum AssureB++Apply
    8 YearsEquitrust annuity logoEquiTrust5.50%Certainty SelectB++Apply
    9 YearsClear spring life and annuity logoClear Spring5.40%MYGA PreserveA-Apply
    10 YearsEquitrust annuity logoEquiTrust5.60%Certainty SelectB++Apply

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