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Answer Explanation. Option b. to accumulate funds to provide a supplementary retirement income is the most suitable option for a deferred annuity purchase. The best time to buy a deferred annuity is when you want to save money for an additional retirement income.
Single life annuities ProviderAnnual incomeJust6,300Scottish Widows6,197Legal General6,166Aviva6,0731 more row
What Are Todays Best Fixed Annuity Rates? Year. GBU Life. A- 5% Year. CL Life. B++ 5.25% Year. CL Life. B++ 6% Year. National Security Group. B++ 5.7% Year. Atlantic Coast Life. B++ 6.25% Year. Atlantic Coast Life. B++ 6.3% Year. Atlantic Coast Life. B++ 6.5% Year. Equitrust. B++ 5.9%
For instance, a $100,000 annuity purchased at age 65 with immediate payments might yield about $614 monthly. If the annuity has a 5% interest rate over 10 years, the monthly payment could be approximately $1,055.. At age 70, the same annuity might pay around $613 monthly for life.
MassMutual. Best annuity company overall. Fidelity Investments. Best one-stop shop for annuities and investments. Athene. Best for no-charge income and death benefit riders. Allianz Life. Best for fixed index annuities. Pacific Life. Best for customer satisfaction. Nationwide. Best range of annuity options. Lincoln National. PRUCO.

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Best Annuity Rates for 2024 Best Overall: Fidelity. Best Fixed Indexed Annuity: Allianz. Best Variable Annuity: New York Life. Best Straight Life Annuity: USAA. Best Term Certain Annuity: MassMutual. Best Multi-Year Guaranteed Annuity: American National.
Deferred annuities are designed to build income for your retirement through tax-deferred growth potential. Deferred annuities can be purchased in a lump sum or through individual payments (contribution limits apply). Deferred annuities are available in fixed and variable to match your risk tolerance.

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