How to Find Annuity Providers

Find top annuity providers and the best rates for varieties of annuities including fixed rate and variable rate annuities.

How to Find Annuity Providers
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Overview
There are hundreds of annuity providers in the financial services marketplace. Banks, insurance agents and even stock brokers sell annuities, which are tax-deferred retirement accounts issued by insurance companies. You can easily find annuity providers online. In doing so, you'll learn how annuities work and which companies are highly rated and recommended for doing business with.
Step 1
Visit the National Association of Insurance Commissioners (NAIC) website, where you can learn about the many types of annuities available in today's financial services marketplace (see Resources). The NAIC site will also guide you in understanding the products before you make a buying decision.
Step 2
Follow the link from the NAIC website to your state's insurance commissioner's website. Your insurance commissioner's web site contains information on each insurance company that is licensed to sell annuities in your state. Because annuities are considered an insurance product, they are regulated by each state's insurance commissioner's office. Fixed, fixed index and immediate annuities are all considered fixed products and, therefore, do not require any additional regulation. Variable annuities fall under additional rules set forth by the Securities and Exchange Commission (SEC).
Step 3
Research the companies from which you are considering purchasing an annuity. Independent rating companies, such as Standard & Poor's and Fitch and Moody's, exist to provide the consumer unbiased information on the strength of insurance companies. They issue letter grades to each annuity provider and publish the companies' financial reports so that the public is aware of which companies are more risky to do business with.
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3
tip
Independent insurance brokers who are licensed to sell annuities are good resources for information. Independent brokers do not represent any one company and can find the annuity that meets your needs because they are typically licensed with multiple annuity providers.

Annuities are not backed by the Federal Deposit Insurance Corporation (FDIC). Annuities are backed by each state's guaranty association (GIC), which exists in case the insurance company issuing the annuity fails.

tips
Independent insurance brokers who are licensed to sell annuities are good resources for information. Independent brokers do not represent any one company and can find the annuity that meets your needs because they are typically licensed with multiple annuity providers.
tips
Annuities are not backed by the Federal Deposit Insurance Corporation (FDIC). Annuities are backed by each state's guaranty association (GIC), which exists in case the insurance company issuing the annuity fails.
warning
Read and understand all information in regards to how the annuity works before investing any money. Annuities carry fees and surrender charges. Ask the company or individual you are working with to disclose all of this information before you invest.
warnings
Read and understand all information in regards to how the annuity works before investing any money. Annuities carry fees and surrender charges. Ask the company or individual you are working with to disclose all of this information before you invest.
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Resources
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NAIC Annuity Information
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Annuity backing
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Standard & Poor's
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NAIC
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Securities and Exchange Commission
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Standard & Poor's

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