With inflation running at 4.0%, dividend stocks offer one of the best ways to beat inflation and generate a dependable income stream. You must be 59 1/2-years-old to withdraw funds from an annuity.Investment-based annuities can come with high fees.Unless you purchase a rider, an annuity might not provide death benefits to your beneficiaries.The guaranteed income from an annuity may not keep up with inflation.Annuity contracts are long term, three to 20 years in length, and there are penalties if you want to withdraw your money early.Annuity interest rates are usually lower than some other types of investments.Want to defer taxes on investment earnings.Īnnuities are a poor investment choice because:.Have received a lump sum structured settlement.Who fear running out of funds during retirement.Want a reliable income stream during retirement.Want a guaranteed rate of return that is higher than that offered by a bank CD.The answer depends on your particular circumstances. Allianz's top performing annuities are Allianz Core Income 7 Annuity, Allianz 360 Annuity. Its fixed annuity products are issued by Allianz Life Insurance Company of North America, and its variable annuities are distributed by Allianz Life Financial Services, LLC. The company is a leading provider of fixed, variable and fixed index annuities. Best, AA by Standard & Poor's and A1 by Moody's Allianz Life Insurance Company of North America What makes Jackson unique is that they have a Total Surplus and AVR as a percent of general account assets of 9.2%. Jackson’s fixed indexed annuities include the MarketProtector and MarketProtector Advisory while its registered index-linked annuities include the Jackson Market Link Pro and Jackson Market Link Pro Advisory. The company’s variable annuity products include Perspective II, Perspective Advisory II, Elite Access II and Elite Access Advisory II. Jackson National has been at the top of the variable annuity segment for more than ten years, and in 2022, their variable annuity sales were second in the U.S. Best, Fitch and Standard & Poors and A2 by Moody's Their multi-year guaranteed annuities include SecureGain 3, 5 and 7, and their fixed indexed annuities include American Landmark 3 and 5 and American Legend 7. MassMutual Ascend became the new name of the Great American Life Insurance Company on October 3, 2022. Best, A+ by Standard & Poor’s, and A3 by Moody’s Massachusetts Mutual Ascend Life Insurance Company Athene holds 67.8% of their assets in bonds and 19.2% in mortgages, the latter of which is higher than most insurance companies. Athene's fixed annuities include the MaxRate 3, 5 and 7. Athene's fixed index annuities include the Protector 7, Agility 7, Performance Elite 7 and the Athene Agility 10, the latter of which includes a built-in income rider at no additional cost. Besides issuing their own annuity contracts, Athene is also a top reinsurer of other insurers’ existing blocks of annuity business. In New York state, the company issues under the Athene Annuity & Life Assurance Company of New York. Athene Annuity and Life Insurance Company The company's Power Series Index Annuity with Lifetime Income Max promises to protect principal and secure annual withdrawals of up to 7.35% for life for those aged 75 and older who are single. AGL’s Power Series Index Annuity with Lifetime Income Plus Multiplier Flex guarantees lifetime withdrawals of up to 7.35% per year for single investors aged 75 or greater. Best, A+ by Standard & Poor's and A2 by Moody'sĪmerican General Life Insurance Company (AGL) was a part of American International Group (AIG) but is now a wholly owned subsidiary of Corebridge Financial. American General Life Insurance Company (Corebridge) Among top selling variable annuities are Premier Variable Annuity-FP Series and IndexFlex Variable Annuity-FP Series. Top selling income annuities are Guaranteed Lifetime Income Annuity II, Guaranteed Future Income Annuity II, Guaranteed Period Income Annuity II, and Clear Income Advantage-FP Series. Top selling fixed deferred annuities include Secure Term Choice Fixed Annuity II, Secure Term MVA Fixed Annuity II and Secure Term Fixed Annuity V. Here’s a look at the six largest annuities providers by sales.
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