What are The Best Annuities?
The term ‘Best Annuities’ is purely a subjective term and depends entirely on the needs of the purchaser
Selecting the best annuities in the annuity marketplace can be a challenge. Often times, consumers are only presented with one option from an advisor who has limited choices.
The main point in buying an annuity is that you are insuring your money against financial turmoil, so minor differences between products is irrelevant. But once you know the outcome you are after, then it’s time to find the best annuity for your situation.
In this section, I’ll outline the products or companies I consider the most competitive in each product class and my reasons for doing so. The results of my analysis is subject to state availability and are open to change without notice.
For current recommendations or other further information on any of these products, be sure to contact us now.
Best Fixed Indexed Annuities For Growth And Asset Protection
We’ll update the best fixed indexed annuity designed for growth and asset protection periodically as needed
Great American Legend III **RECENT RATE INCREASE!!
- 7 year surrender schedule
- Cap rates comparable to most 10 year contracts
- Gold Index option provides nice hedge against inflation and market volatility
- Very solid renewal rate history
American Equity Choice 6
- 6 year surrender schedule
- Very competitive cap rates for a shorter term product
- One uncapped strategy with spread for very high earnings potential
Jackson National Elite Choice 10
- 10 year surrender schedule
- High band cap rates for premiums over $100K that are highest in class
- Excellent renewal rate history
Best Fixed Indexed Annuities For Income
We’ll update the best fixed indexed annuity geared for income periodically as needed
Best Fixed Indexed Annuity Rates For Income
Many people come to realize they need to lock in lifetime income as the most responsible first piece of a solid retirement foundation.
We advocate that people pay for guaranteed income if you absolutely need it, and here are some of the tools to get the job done.
An important note, we monitor the market and update this list frequently to make sure we offer up to date information on the annuity market as a whole.
If you are interested in strategies for using any contract or would like specific illustrations or projection, please don’t hesitate to contact us.
Best Fixed Annuities
We’ll update the best fixed annuity periodically as needed
Best Fixed Annuity Rates
Rates are low on any fixed rate investment right now so it’s hard to find a good deal no matter how hard you look. This is a representation of the market’s best fixed annuity rate for various terms.
As a caution, it should be stated that many fixed annuities come with a market value adjustment (MVA). This means that a time of withdrawal or surrender your contract value will be adjusted based on any changes in interest rates over the term.
Be very aware of this critical point and always ask for more detail.
As an alternative to Fixed Annuities, consider Secondary Market Annuities.