What is the best annuity to invest in right now?


Editorial team Published on

The best annuities right now include high-yield Multi-Year Guarantee Annuities (MYGAs) reaching up to 7.10% APY and top-rated providers like New York Life and Allianz for lifetime income and growth.

Top Fixed Annuity & MYGA Rates

Multi-year guaranteed annuities work like certificates of deposit (CDs), offering a set fixed rate for a specific term.

  • 3-Year Term: Revol One (B++ rating) offers 6.10% APY.
  • 5-Year Term: Knighthead Life (A- rating) offers 6.65% APY.
  • 7-Year Term: Knighthead Life (A- rating) offers up to 7.10% APY.
  • You can check instant rate tables and compare quotes using the Blueprint Income Fixed Annuities tool.

Best Annuity Providers by Category

  • Best for Long-Term Stability & Income: New York Life holds an A++ AM Best financial strength rating and has a 181-year history, making it a safe choice for lifetime payouts.
  • Best for Index Strategies: Allianz holds an A+ rating and offers fixed-index options (like the Allianz Benefit Control) for market-linked growth with zero downside risk.
  • Best for Product Variety: Nationwide carries an A+ rating and provides a wide selection spanning fixed, indexed, and variable options.
  • Best for Instant Online Quotes: You can browse independent comparisons across 150+ companies without entering a phone number on ImmediateAnnuities.com.