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 status||Company||Rating||Annual Income for Life||Annual Payout Rate||Total Income by Age 90|
|Join Life||Pacific Life||A+||$10,455||5.22%||$209,100|
|Single Life Man||New York Life||A++||$13,506||6.75%||$270,120|
|Single Life Woman||CUNA Mutual||A||$12,780||6.39%||$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 status||Company||Rating||Annual Income for Life||Total Income by Age 90|
|Joint Life||CUNA Mutual||A||$14,614||$292,272|
|Single Man Life||CUNA Mutual||A||$18,982||$379,656|
|Single Woman Life||CUNA Mutual||A||$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 status||Company||Rating||Annuity Contract||Rider||Initial Annual Income||Avg. Annual Income If Starting at Age 70|
|Joint Life||AIG||A||Polaris Preferred Solution||Income Plus Flex||$19,825||$19,630|
|Single Life Man||AIG||A||Polaris Preferred Solution||Income Plus Flex||$21,470||$21,350|
|Single Life Woman||Jackson National Life||A+||Perspective II||LifeGuard 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 status||Company||Rating||Annuity Contract||Rider||Annual Income at Age 70||Total Income by Age 90|
|Joint Life||Protective Life||A+||Income Builder||Guaranteed Income||$19,800||$396,000|
|Single Life Man/ Woman||Protective Life||A+||Income Builder||Guaranteed Income||$21,600||$432,000|