Here are our top choices among thousands of available annuities in 2021. 

You can learn more about the different types of annuities here.

Best Fixed Income (Immediate)

This assumes a $200,000 investment at age 70. However, “joint life” payments assume a man is 70 and his spouse is 65. If the purchaser dies within 10 years of receiving income, payouts direct to heirs for the remaining 10-year period.

Marital statusCompany RatingAnnual Income for LifeAnnual Payout RateTotal Income by Age 90
Join Life Pacific Life A+$10,4555.22%$209,100
Single Life ManNew York LifeA++$13,5066.75%$270,120
Single Life WomanCUNA MutualA$12,7806.39%$255,609

Best Fixed Income (Deferred)

This assumes you make a $200,000 investment at age 60 and start receiving income at 70. “Joint life” payments assume a man is 70 and his spouse is 65. Any remaining principal at death goes to heirs. 

Marital statusCompany RatingAnnual Income for LifeTotal Income by Age 90
Joint LifeCUNA MutualA$14,614$292,272
Single Man LifeCUNA MutualA$18,982$379,656
Single Woman LifeCUNA MutualA$17,478$349,570

Best Variable Income (Deferred)

This assumes a $200,000 investment by a 60-year-old, in which payout begins at age 70 for both a man and woman. 

These calculations are based on probability analysis of 10,000 market simulations, in which 60% of allocation are stocks and 40% are bond bonds.

Marital statusCompany RatingAnnuity ContractRiderInitial Annual IncomeAvg. Annual Income If Starting at Age 70
Joint LifeAIGAPolaris Preferred SolutionIncome Plus Flex$19,825$19,630
Single Life Man AIGAPolaris Preferred SolutionIncome Plus Flex$21,470$21,350
Single Life WomanJackson National LifeA+Perspective IILifeGuard Freedom Flex$19,671$21,350

Best Indexed Income (Deferred)

This assumes a $200,000 investment by a 60-year-old, in which payout begins at age 70 for both a man and woman, but joint life assumes the spouse is age 60. 

These calculations are based on S&P 500-linked fixed-indexed annuity contracts.

Marital statusCompany RatingAnnuity ContractRiderAnnual Income at Age 70Total Income by Age 90
Joint LifeProtective LifeA+Income BuilderGuaranteed Income$19,800$396,000
Single Life Man/ WomanProtective LifeA+Income BuilderGuaranteed Income$21,600$432,000
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