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 |
