When it comes to selling annuities as investments, you can find plenty of tips in the marketplace. We thought we would narrow this post’s discussion to the 9 Best annuity companies that you will see this year. Read on as we reveal the companies as well as a bit of information about their brands.
9 Best Annuity Companies in 2017
This is an investment life holding company, licensed to sell annuities in all 50 states plus the District of Columbia. American Equity focuses on fixed index annuities and fixed rate annuities. The company is American-owned and publicly traded. American Equity has a A- rating from A.M. Best Company. The company manages a $40 billion asset portfolio.
Fidelity & Guarantee (F&G)
This company has a B++ rating from A.M. Best Company as of March 29, 2017. For over 50 years, F&G provided life insurance and annuity products for its 700,000 customers. The company has 25,000 agents. In 2011, a holding company called HRG bought F&G for its insurance segment and it is now publicly traded on the New York Stock Exchange.
National Life Insurance Group.
The company began in 1848 in Vermont but has 800,000 customers nationwide with offices in New York, Vermont, and California. National is a mutual group so customers share in ownership which means its profits go back into the services. The company provides term life, whole life, and universal life coverage as well as annuities. National Life has an A rating from A.M. Best.
This company is part of Athene Holding LTD for its US annuities business. Its headquarters are in Des Moines, Iowa but the insurance subsidiaries serve customers in all 50 states. The subsidiaries are Athene Annuity and Life, Athene Annuity and Life Assurance (Delaware company) and Athene Annuity and Life Assurance of New York (domiciled in NY). The company has $89 billion in assets and an A- rating from A.M. Best as of February 2017.
Great American Life Insurance.
This company has an A+ rating from A.M. Best as of May 2016 and the annuity group maintained at least an A rating from Best for the last 30 years. The company traces its history back to its establishment in 1872 in New York but currently headquarters in Ohio. Great American is a subsidiary of American Financial Group which trades on the New York Stock Exchange. The company sells annuities in the education, financial institutions, and retail markets.
North American Company.
This life and annuity company has more than $22 billion in assets, almost 600,000 policies sold as of December 2016, and $117 billion of life insurance in force as of the same date. The company holds an A+ rating from A.M. Best as of February 2017. The company has been in the business of life insurance and annuities since 1886.
Standard Insurance Company.
In July 2016, Best’s Review noted that this company has had an A rating or higher from A.M. Best since 1928. There are 40 offices nationwide with 2700 employees and 6 million customers. The company provides life insurance products in all 50 states, Washington D.C., and U.S. territories in Guam, and the Virgin islands. The company headquarters in Portland, Oregon, where it began in 1906.
American International Group (AIG).
AIG began in the retirement income field 160 years ago. Founded in 1913, AIG’s 88 million customers in 130 countries worldwide buy their insured products. The company has an A rating from A.M. Best as of January 26, 2017.
Allianz offers fixed and variable annuities as well as life insurance. Established over 100 years ago, the company earned an AM Best rating of A+ as of August, 2016.
Regulatory structure for annuities. If you have an interest in selling annuities, make sure you study and understand the regulatory framework that your activities will face. State insurance laws regulate the sale of fixed annuities.
Life insurance companies are the only ones who can issue annuities. The brokers and agents who sell annuities must have a valid license to sell insurance from the insurance regulator in their state.