Top Life Insurance Company That Sells Indexed Fixed Annuities in 2024
Allianz Life and Jackson National are the best life insurance companies that sell indexed fixed annuities. On average, indexed fixed annuities are about $396 a month. But your rates may vary. Most life insurance companies that don't sell indexed fixed annuities are regional. You can secure the best indexed fixed annuities by shopping around and comparing multiple companies.
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Leslie Kasperowicz
Farmers CSR for 4 Years
Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insur...
Farmers CSR for 4 Years
UPDATED: Mar 25, 2024
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Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.
UPDATED: Mar 25, 2024
It’s all about you. We want to help you make the right life insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- Indexed fixed annuities usually cost 1% of your account value
- Allianz Life has the best indexed fixed annuity program in the United States
- In 2020, Jackson National Life Group had the highest market share in the annuity industry
Are you searching for life insurance companies that sell indexed fixed annuities? Small life insurance companies that don’t sell indexed fixed annuities may be connected to national-level companies that do.
But do annuity meanings vary? And how much are indexed fixed annuity rates?
Don’t worry — we’re here to answer frequently asked questions. Read our guide to learn where you can buy a fixed index annuity from the best life insurance companies.
Enter your ZIP code above to compare multiple insurance companies near you after you learn more about life insurance companies that sell indexed fixed annuities.
What are the best life insurance companies for indexed fixed annuities?
Shopping for indexed fixed annuities is much different from shopping for life insurance. But we found the best insurance companies for indexed fixed annuities (also known as fixed index annuities or FIAs).
Here’s a list of the top companies with FIAs.
- Allianz Life of North America
- Athene Annuity & Life
- AIG Companies (American General Life Insurance)
- Nationwide Life Insurance Company
- American Equity Investment Life
- Lincoln Financial Group (LFG)
- Jackson National
- Global Atlantic Financial Group
- Pacific Life
- Great American Life Insurance Company
According to the Insurance Information Institute, Jackson National Life Group has the largest market share. (For more information, read our “Jackson National Life Insurance Company Review“).
But Allianz Life of North America is best for indexed fixed annuities because this company brough in the most money in premiums in the past year.
Which life insurance companies don’t provide indexed fixed annuities?
Regional life insurance companies are less likely to provide fixed indexed annuities. However, some smaller annuity and life insurance companies are linked to some of the best insurance companies in the nation.
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How do indexed fixed annuities work?
An indexed fixed annuity (fixed indexed annuity or FIA) is a long-term tax savings plan that provides protection when the stock market starts to go down.
Also, fixed indexed annuities give you the potential to grow financially. However, fixed indexed annuities have less risk and fewer returns than variable annuities.
What’s the difference between a fixed annuity and a variable annuity?
Fixed annuities are low credit risk annuities with lower returns than variable annuities. Meanwhile, variable annuities generate more opportunities to expand the estate’s finances.
How much are indexed fixed annuities per month?
Indexed fixed annuities work differently than life insurance policies, but both services are affected by age and policy amounts. For example, your fixed indexed annuity rates increase as you get older.
Annual fixed indexed annuity rates are usually around 1% of the annuity value. For instance, an indexed fixed annuity with a $250,000 value could cost $4,750 a year (or $396 per month).
But how much are annuities in general? Let’s look at average annuity rates per month.
Average Annuity Rates by Age and Policy Value
| Ages | $100,000 Value | $200,000 Value | $500,000 Value | $1,000,000 Value |
|---|---|---|---|---|
| 55 | $365 | $730 | $1,825 | $3,650 |
| 56 | $372 | $744 | $1,860 | $3,720 |
| 57 | $381 | $762 | $1,905 | $3,810 |
| 58 | $388 | $776 | $1,940 | $3,880 |
| 59 | $397 | $794 | $1,985 | $3,970 |
| 60 | $438 | $876 | $2,188 | $4,380 |
| 61 | $438 | $876 | $2,188 | $4,380 |
| 62 | $438 | $876 | $2,188 | $4,380 |
| 63 | $442 | $884 | $2,210 | $4,420 |
| 64 | $450 | $900 | $2,250 | $4,500 |
| 65 | $479 | $958 | $2,395 | $4,790 |
| 66 | $479 | $958 | $2,395 | $4,790 |
| 67 | $479 | $958 | $2,395 | $4,790 |
| 68 | $483 | $966 | $2,415 | $4,830 |
| 69 | $492 | $984 | $2,460 | $4,920 |
| 70 | $521 | $1,042 | $2,605 | $5,210 |
Annuities are much more expensive than universal life insurance policies, but they have lucrative rewards. Annuity rates vary by company, state, and annuity type, including indexed fixed annuity rates.
What are the top reasons why I should get an indexed fixed annuity?
Annuities are excellent investments, but they’re much more expensive than whole life insurance and other term life insurance options.
Here are six reasons why you may want to buy a fixed indexed annuity.
- Accumulate for retirement
- Protect your FIA from market losses
- Your tax-deferred value will grow
- More flexible
- Secure a guaranteed income
- Leave sizable estate
If an indexed fixed annuity doesn’t have what you need, shop for uncapped indexed annuities or variable annuities.
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Life Insurance Companies That Sell Indexed Fixed Annuities: The Bottom Line
Indexed fixed annuities are low-risk investments that produce low returns, but they’re safer than most indexed annuities.
You can buy indexed fixed annuities from insurance companies or annuity-focused companies. However, you should shop around for annuities to secure the best investment.
Now that you know more about life insurance companies that sell indexed fixed annuities, use our free comparison tool to compare multiple insurance companies in your area.
Frequently Asked Questions: Life Insurance Companies That Sell Indexed Fixed Annuities
Do you want to know more? Read these answers to frequently asked questions to learn more about indexed fixed annuities.
#1 – Can you lose money on an indexed fixed annuity?
The answer is no. Fixed indexed annuities are designed to protect your account value from loss when markets have a downward trend.
#2 – What is one of the significant issues with indexed fixed annuities?
You’re not guaranteed to earn significant annual returns with indexed fixed annuities.
#3 – What is the safest company with indexed fixed annuities?
Fidelity is the best annuity company overall.
Your one-stop online guide for life insurance quotes. Get free quotes now!
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Leslie Kasperowicz
Farmers CSR for 4 Years
Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insur...
Farmers CSR for 4 Years
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.