Top Annuity Providers of 2025 and Their Offerings
Looking for the best life insurance companies offering annuities in 2025? Dive into our guide, packed with insider insights to help you navigate the annuity market!
Your Comprehensive Annuity Companion
When it comes to retirement, securing a stable income stream is crucial. Life insurance companies are the go-to for annuities, offering a variety of products to fit your needs. Each company has unique features and benefits, so choosing the right one requires some research. Bankrate is here to help, serving as your guide on this financial journey!
How We Chose the Top Annuity Providers
To find the best annuity companies, Bankrate's editorial team started by researching the largest annuity providers. We carefully analyzed life insurance company ratings, including customer satisfaction scores and financial strength ratings from trusted sources: J.D. Power and AM Best.
Methodology
We based our selection on the following criteria, only including providers with products available to regular investors:
- A+ or A++ rating from AM Best
- High customer satisfaction scores from J.D. Power
- Top 20 biggest U.S.-based annuity companies by total amount of annuities sold
In addition to the above, we examined the number of riders available, general accessibility, different types of annuities offered, and rates of return.
Top Annuity Companies in 2025
Navigating the various annuity options can be overwhelming, but Bankrate's got your back! Here are the top performing annuity providers you should consider:
Allianz Life of North America
- Powerhouse in fixed index annuities with a strong presence among consumers.
- Offers 11 different fixed index annuity products, some with no annual fee.
- Features the Index Lock option, allowing you to lock in an index value.
Pros
- Wide selection of fixed index annuities.
- Accessible online, easy to find details about products.
Cons
- Longer than average surrender period (10 years) on some annuities.
- Just offers two types of annuities.
- Doesn't sell fixed annuities with a guaranteed return.
New York Life
- Renowned life insurance giant with high financial strength and customer service ratings.
- Offers various annuity products, such as fixed deferred, income, and variable annuities with a focus on easy-to-use tools and competitive fixed interest rates.
Pros
- Easy to find weekly annuity rates on their website.
- High ratings for customer satisfaction and financial strength.
- Low minimum premiums starting at $5,000 and up.
Cons
- Doesn't offer index annuities.
- Variable annuities can only be purchased through financial professionals.
MassMutual
- Superior customer service recognized by J.D. Power, driven by an easy-to-use website and app.
- Holds an A++ rating from AM Best showing strong financial strength.
- Offers a variety of annuity products, including fixed, index, and immediate annuity options.
Pros
- Good variety of annuity products.
- Very strong financial health.
Cons
- Can be difficult to find rates and details on their website.
- Requires scheduling a call with a company representative to get more information about products.
Prudential
- Long-standing financial services company with six different annuity products: fixed, index, and variable options.
- Provides useful benefits, such as the ability to withdraw 10% per year from its WealthGuard multi-year guaranteed annuity product.
Pros
- Wide range of annuity types available.
- Competitive variable annuity fees.
Cons
- Three out of the nine annuities offered are only available to investment advisors and marketing organizations.
Pacific Life
- Insurance behemoth with over 150 years in the business, an A+ rating from AM Best, and high customer satisfaction.
- Offers a wide range of options, including fixed, immediate, index, variable, and registered index-linked annuities.
Pros
- Strong financial stability and customer service ratings.
- Easy to access annuity information on their website.
Cons
- Higher minimum premiums ($25,000).
- Not available in all 50 states.
In a Nutshell: What's an Annuity?
Annuities are contracts between individuals and life insurance companies, where you pay a lump sum or series of payments to receive a consistent income stream during retirement. These income streams can last your entire retirement or a specific number of years. Annuities have tax-deferred benefits and are highly customizable with various riders and payout options.
Tips for Picking the Right Annuity Provider
- Compare customer satisfaction ratings from sources like J.D. Power and third-party agencies to get an unbiased view.
- Research and analyze the financial strength of the annuity provider.
- Look for a company with a wide range of annuity options and riders to personalize your contract.
- Compare the fees and rates of return offered by different providers.
- Connect with a financial advisor to help you make an informed decision.
Choosing the Best Annuity Provider in 2025
Armed with these tips and insights, navigate the annuity market and find your ideal life insurance company. The choice can lead to a more secure financial future in retirement. Happy hunting, and remember— Bankrate's on your team to guide you every step of the way!
[1] https://www.ketevancenter.com/annuity-reviews-top-rated-annuity-companies/[2] https://seniorsecureincome.com/high-yield-fixed-annuities-2023/[3] https://www.google.com/search?q=best+annuity+companies+2023+ranking[4] https://www.dimebank.com/learn-center/midland-national-life-insurance-companys-fix-6-guaranteed-annuity-may-be-a-good-pick-for-savers[5] https://www.bankrate.com/retirement/annuities/northwestern-mutual-annuity-review/
- When delving into personal finance matters and planning for retirement, exploring wealth-management options such as investing in annuities from top business entities can yield substantial returns. Our comprehensive guide showcases the top annuity providers in 2025 as chosen by Bankrate's editorial team, ensuring you make an informed decision for your financial future.
- If you're seeking a powerful investment strategy, consider integrating wealth-management practices like business-orientated annuities into your personal-finance portfolio. By researching and partnering with top annuity providers, you can effectively build wealth and provide a stable income stream during retirement.
