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How much does an annuity cost?

Products displayed depend on your selected filters, including premium, term length and more. There is no minimum amount required to purchase an annuity, though the national average is $150,000. Fixed annuities guarantee an interest rate for a set number of years, known as the guarantee period.

What are the different types of annuities?

There are two other types of annuities to choose from: variable annuities and fixed index annuities. If you buy an annuity, it’s usually a multi-year investment for a considerable amount of your money. If you cancel before the end of the annuity term, you could owe a substantial penalty known as a surrender charge.

Who has the best fixed annuity rate?

Ibexis has the best 5 year fixed annuity rate at 6.30% simple interest. Ibexis currently has the best 7-year fixed annuity rate offering 6.50% simple interest in their MYGA Plus 7-year annuity. EquiTrust currently has the highest 10 year fixed annuity rate offering a guaranteed annuity rate of 5.60% for 10 years.

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