5 Best Annuity Companies for 2025

New York Life Insurance Company, founded in 1845, is the largest mutual life insurance company in the United States and ranks among the largest globally. 

The company offers several types of annuities, including income annuities, fixed deferred annuities, and variable annuities, designed to meet diverse client needs.

With over 175 years in the industry, New York Life has built a reputation for reliability and stability. As a mutual insurer, it operates for the benefit of its policyholders rather than external shareholders.

Allianz is a prominent global insurance and financial services provider, founded in 1890 in Berlin, Germany. 

Initially established as a transport and accident insurer by Carl Thieme and Wilhelm Finck, Allianz has since evolved into one of the largest and most diversified financial services companies in the world.

Allianz's FIAs are linked to stock market indices, which means they can offer higher growth potential compared to traditional fixed annuities. 

Clients can enjoy the upside of market gains without the risk of losing their principal, making them an attractive option for conservative investors seeking growth. 

Several of their investment products come with no annual fees, and some include numerous features and benefits. 

Allianz has a strong reputation for customer service and offers extensive resources, including educational materials about annuities. 

Midland National Life Insurance Company, founded in 1906, has established itself as a significant player in the U.S. insurance market. It is particularly known for its annuity products and life insurance solutions. 

The company is one of the best MYGA companies, offering competitive rates and straightforward contracts that appeal to individuals seeking stability and predictable returns.

Midland National maintains consistently strong financial ratings, reflecting its long-standing commitment to policyholder security and prudent management. 

Beyond MYGAs, it also offers fixed index annuities, universal life, and term life insurance, ensuring a diverse product lineup for different financial planning needs. 

With its history of customer-focused service and emphasis on financial strength, Midland National continues to be a popular choice for those looking to secure a guaranteed income.

MassMutual, officially known as the Massachusetts Mutual Life Insurance Company, is a prominent financial services firm based in Springfield, Massachusetts. 

Founded in 1851 by George W. Rice, the company has evolved from a mutual life insurance provider into a diversified financial institution offering a wide range of products, including annuities, life insurance, and investment services. 

MassMutual is one of the largest providers in the annuity market, particularly after acquiring Great American Life Insurance Company and rebranding it as MassMutual Ascend in 2022. 

The company maintains a positive relationship with clients, which is reflected in a low number of complaints. 

Nationwide, officially known as Nationwide Mutual Insurance Company, is the last entry on our list of the best-rated annuity companies to consider in 2025. 

Headquartered in Columbus, Ohio, and established in 1926, Nationwide has grown significantly over the decades. 

Following four consecutive record years of sales, Nationwide moved up three spots to #72 on the 2025 Fortune 500 list and ranks among the top 10 largest insurance companies.

Nationwide stands out for its solid variable annuity lineup and competitive fees. 

The company offers a wide range of variable annuity products, backed by high financial strength ratings from AM Best and Standard & Poor’s. 

Nationwide combines reliable investment options with responsive customer service, and its product range includes genuinely distinct features that allow investors to tailor solutions to their specific retirement goals.

• Define Your Goals: Are you looking for guaranteed lifetime income, principal protection, or market-linked growth?
• Consider Term Length: MYGAs might be suitable for short to medium terms, while lifetime annuities lock in income for retirement.
• Select Product Type: Fixed, indexed, variable, and immediate annuities each serve different purposes.
• Check Fees & Riders: Some products come with added costs. Make sure the benefits outweigh the expenses.
• Review Financial Ratings: Prioritize carriers with strong AM Best ratings (A or higher) for peace of mind.

Get a Personalized Annuity Rate & Carrier Comparison

Rates and product features change frequently. The best way to know which carrier and contract fits your needs is to compare personalized quotes.  

Give us a call at (855)-866-3659 or fill out a contact form. 

Our licensed advisor will provide a side-by-side comparison of the most suitable annuities based on your age, investment amount, and retirement goals.