Annuity Companies

Annuity companies offer tax-sheltered pension plans as an option for retirement savings, in which participants contribute to annuities in exchange for future payments.
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Product Info
Company Overview

Founded

1848

Employees

0

Funding Summary

Not Provided

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About National Life Group

National Life Group, Montpelier, VT, is a mutual insurance holding company. Its flagship, National Life Insurance Company, was chartered by the Vermont Legislature in 1848; the group also includes Life Insurance Company of the Southwest (chartered 1955). Offers life insurance and annuity products for individuals, families, and businesses, including options relevant to business owners and executive benefit planning, distributed through independent financial professionals nationwide. ~1,600 employees. Show More
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Company Overview

Founded

1995

Employees

501

Funding Summary

Not Provided

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About American Equity

An American-owned and operated company headquartered in the heart of the Midwest, American Equity Investment Life Insurance Company® is a leader in the fixed indexed annuities marketplace. American Equity’s growth and success is attributed to our dedication to excellent customer service and emphasis on building customer relationships.
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Company Overview

Founded

1961

Employees

3,500

Funding Summary

500M None

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About Jackson

Jackson is the marketing name for Jackson Financial Inc., Jackson National Life Insurance Company and Jackson National Life Insurance Company of New York. The companies issue annuities designed for retirement planning, including the Jackson Market Link Pro suite of registered index-linked annuities, the Jackson Income Assurance suite of fixed index annuities with lifetime income options, and variable annuities. Variable annuities and registered index-linked annuities are distributed through Jackson National Life Distributors LLC, a FINRA member broker-dealer, and products are sold mainly through financial professionals, RIAs and wealth managers. The company also publishes retirement planning calculators and articles and offers an... Show More
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Company Overview

Founded

1851

Employees

0

Funding Summary

Not Provided

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About MassMutual

Living mutual has always been at the core of our human existence, and it's the principle that's guided us since our founding in 1851. It's not a concept we invented, but one we champion for the simple reason that people take it for granted today.

While the world would have us strive for independence, the truth is when we depend on one another, we aren't just more secure - life is happier and more fulfilling. So as we celebrate our new identity, we're reminding everyone that who we are stays the same.
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Company Overview

Founded

1877

Employees

0

Funding Summary

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About OneAmerica

The companies of OneAmerica have a solid foundation in the financial services marketplace dating back more than 140 years. During that tenure we have implemented a variety of retirement plan products and services to meet the financial needs of our clients. We are organized in a mutual holding company structure. From a business standpoint, the advantages of our mutual holding company structure are numerous. This structure supports our growth strategy by providing flexibility to bring other mutual insurance companies into the organization. It allows for efficiency in capital structure by providing both support for growth and stability for financial strength... Show More
Product Info
Company Overview

Founded

1992

Employees

200

Funding Summary

Not Provided

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About Plan Member

Headquartered in Carpinteria, California just south of Santa Barbara, PlanMember Financial Corporation is a leader in the retirement planning market with more than 500 representatives and over 40 regionally-based Financial Centers located across the country. Specializing in creating and servicing retirement plan solutions for nonprofit and for-profit employers and their employees, and for associations, unions, membership groups and their members, PlanMember offers a broad range of investment choices. We deliver unparalleled support and service in our commitment to help meet the retirement needs of individual investors and groups.
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Product Info
Company Overview

Founded

1879

Employees

20,000

Funding Summary

33.5M Series C

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About Principal Financial

Principal Financial Group® helps people and companies around the world build, protect and advance their financial well-being through retirement, insurance and asset management solutions that fit their lives. Our employees are passionate about helping clients of all income and portfolio sizes achieve their goals – offering innovative ideas, investment expertise and real-life solutions to make financial progress possible.
The Principal is an Affirmative Action and Equal Opportunity Employer and an E-Verify participant. All qualified applicants will receive consideration for employment without regard to of age, race, color, religion, gender identity, gender expression, pregnancy, national origin, citizenship status, disability, genetic...
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Company Overview

Founded

1896

Employees

4,429

Funding Summary

10M Series B

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About Allianz Life

Allianz Life Insurance Company of North America, headquartered in Golden Valley (Minneapolis), Minnesota, is a wholly owned subsidiary of Allianz SE. Tracing its roots to North American Casualty, founded in 1896, the company was renamed Allianz Life in 1993 after Allianz's 1979 acquisition. Allianz Life is a provider of fixed index annuities and registered index-linked annuities (RILAs), as well as indexed universal life insurance, sold nationwide (except New York, served by Allianz Life of NY) through a network of financial professionals. Its affiliate AllianzIM offers buffered ETFs. In 2022, Allianz Life expanded into the employer-sponsored retirement market with its Allianz... Show More
Product Info
Company Overview

Founded

2009

Employees

2,000

Funding Summary

Not Provided

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About Athene

Athene Holding Ltd., founded in 2009 and headquartered in West Des Moines, Iowa, is a retirement services company focused on providing financial security to retirees. Athene offers fixed indexed annuities, registered index-linked annuities, fixed and immediate annuities, and structured settlement annuities to individuals through financial professionals. On the institutional side, Athene provides pension group annuities (pension risk transfer), flow reinsurance for other insurers, and funding agreements for large institutional investors. Athene is part of Apollo Global Management, a global alternative asset manager, giving it access to Apollo's investment origination and asset management expertise. As of early 2026, Athene reported approximately... Show More
Product Info
Company Overview

Founded

2017

Employees

1,400

Funding Summary

Not Provided

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About Brighthouse Financial

Brighthouse Financial, Inc. is an American insurance company headquartered in Charlotte, North Carolina. Spun off from MetLife in 2017 and trading on Nasdaq under BHF, Brighthouse traces its roots to 1863 through its Brighthouse Life Insurance Company subsidiary. It is a provider of annuities and life insurance in the U.S., serving more than 2 million customers with roughly $206 billion in assets under management. Its Annuities segment offers variable, fixed, index-linked, and income annuities; its Life segment provides term, universal, whole, and variable life insurance. Show More
Product Info
Company Overview

Founded

1857

Employees

8,000

Funding Summary

None

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About Northwestern Mutual

Northwestern Mutual, Milwaukee, founded 1857, offers life insurance, disability income insurance, annuities, investment products, and wealth management through a large field force of financial advisors. Reported ~$41B in 2025 revenue, ~37,500 employees plus 8,000+ financial advisors. Show More
Product Info
Company Overview

Founded

1996

Employees

3,000

Funding Summary

None

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About Sammons Financial

Sammons Financial Group is a privately held (ESOP-owned) financial services holding company headquartered in West Des Moines, Iowa. Its member companies - including Midland National Life Insurance Company, North American Company for Life and Health Insurance, and Sammons Institutional Group - provide life insurance, annuities, and retirement/investment products. The group manages an investment portfolio of roughly $40 billion and employs over 2,100 people. Show More
Product Info
Company Overview

Founded

1996

Employees

250

Funding Summary

Not Provided

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About The Retirement Advantage, Inc. (TRA)®

As a national retirement services company, The Retirement Advantage (TRA) provides third party administration and fiduciary services to plan sponsors, financial advisors, wealth managers and businesses of all sizes. Our commitment to providing expert consultation, resources and exceptional customer service has positioned TRA as one of the largest, privately held third party administrators in the nation. We proudly serve more than 11,000 plan sponsors with more than $11 billion in retirement assets under our administration. You can count on us to deliver on time, on budget and with precise attention to detail.
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Product Info
Company Overview

Founded

1888

Employees

4,300

Funding Summary

Not Provided

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About W&S Financial Group Distributors

W&S Financial Group Distributors, Inc. is a member of the Western & Southern Financial Group family, headquartered in Cincinnati, Ohio. Distributes fixed, indexed, variable, and immediate annuities, plus life insurance and select health products underwritten by Western & Southern affiliate carriers. Western & Southern traces its roots to 1888 and holds an A+ (Superior) rating from A.M. Best. Show More
Product Info
Company Overview

Founded

1958

Employees

170

Funding Summary

Not Provided

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About Liberty Bankers Life

Liberty Bankers Life Insurance Company, founded in 1958 and headquartered in Dallas, Texas, is a life insurance and annuity carrier operating within the Liberty Bankers Insurance Group alongside affiliates Capitol Life Insurance Company and American Benefit Life Insurance Company. Show More
Product Info
Company Overview

Founded

1892

Employees

501

Funding Summary

Not Provided

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About Security Benefit

Security Benefit is a Topeka, Kansas-based retirement solutions provider founded in 1892, originally as a fraternal society before becoming Security Benefit Life Insurance Company in 1950. Purchased by an investor group in 2010, it is now privately held with roughly $51.6 billion in assets under management. The company offers fixed, fixed-indexed, and variable annuities along with mutual fund programs, primarily serving the individual and employer retirement markets. Show More
Product Info
Company Overview

Founded

1865

Employees

0

Funding Summary

Not Provided

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About Sunlife

Welcome to Sunlife: where our Purpose is to help our Clients build lifetime security and lead healthier lives.

Whether you’re planning for retirement, managing your health, protecting the people you love, building a business, or preparing for the future, you deserve a trusted partner who understands what matters and can help make the path ahead clearer. That’s where we come in.

It is our commitment to help our Clients feel supported through important moments, more confident in the decisions they make, and better prepared for what comes next.

That’s how we’re...
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Product Info
Company Overview

Founded

1905

Employees

1,001

Funding Summary

Not Provided

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About American National

American National has been building meaningful relationships with our clients, employees and surrounding communities for more than 110 years. We provide protection, security and comfort to more than 5 million policyholders who put their trust in our financial stability and strength.Our founder, William L. Moody Jr., envisioned a successful and trustworthy company that constantly strived to exceed expectations: “We see no reason why each year should not record a greater success than the preceding one.”.
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Product Info
Company Overview

Founded

1835

Employees

0

Funding Summary

Not Provided

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About Aviva

Aviva Canada is one of the leading property and casualty insurance groups in the country, providing home, automobile, leisure/lifestyle and business insurance to 2.8 million customers. A subsidiary of UK-based Aviva plc, Aviva Canada has more than 4,000 employees focused on creating a bright and sustainable future for our customers and our communities.
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-

Lives Serviced

-

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Frequently Asked Questions

What is an Annuity?

An annuity is a financial product that refers to an insurance contract designed to pay out invested funds as a fixed income stream in the future. Investors contribute through monthly premiums or lump-sum payments. In return, the holding institution issues a stream of payments over a specified period or for the rest of the annuitant's life. Primarily used for retirement planning, annuities help individuals address the risk of outliving their savings by providing a reliable source of income during their post-employment years.

How do Annuities work?

Annuities work through individuals or investors making payments to an insurance company or financial institution as a lump sum or regular premiums. The money contributed is invested by the company to accumulate and grow over time, either on a tax-deferred basis for deferred annuities or for immediate payments with immediate annuities. There are different types of annuities, such as fixed, variable, and indexed annuities, each offering unique features and potential returns. The annuity provides a reliable income stream during the payout phase, which can be for a specified period or the annuitant's lifetime. However, annuities may come with fees and surrender charges if funds are withdrawn prematurely.

What is a Fixed Annuity?

A fixed annuity is a type of insurance contract that guarantees the buyer a specific, fixed interest rate on their contributions to the account. It offers a conservative and low-risk approach, providing individuals with a predictable and secure income stream during retirement. When an individual purchases a fixed annuity, they make a lump sum or regular premium payments to the insurance company. The company, in turn, invests the funds and promises a predetermined interest rate over a set period, typically several years. The interest earned on the principal is tax-deferred, and during the payout phase, the annuitant receives regular payments at the fixed interest rate, irrespective of market fluctuations. While fixed annuities offer stability, they may not keep pace with inflation, and early withdrawals may incur surrender charges. Despite this, for risk-averse individuals seeking reliable income in retirement, fixed annuities can be an attractive option to consider alongside other available choices.

What is a Variable Annuity?

A variable annuity is an insurance contract where the value fluctuates based on the performance of an underlying portfolio of sub-accounts. These sub-accounts are similar to mutual funds but lack ticker symbols, making them less convenient for investors to track. With a variable annuity, individuals have the flexibility to choose from various investment options offered by the insurance company. Unlike fixed annuities, the returns are not guaranteed and depend on how the investments perform in the market. The growth within a variable annuity is tax-deferred until payouts begin during the annuitant's retirement phase. While variable annuities provide the potential for higher returns, they also come with increased risk due to market volatility. They may also involve higher fees and expenses than other annuity options. As such, individuals should carefully assess their risk tolerance and investment goals.

What is a Deferred Annuity?

A deferred annuity is an insurance contract with two distinct phases: the accumulation phase and the payout phase. It is referred to as "deferred" because the annuitant postpones receiving payments or income until later, typically during retirement. During the accumulation phase, the funds invested in the annuity grow on a tax-deferred basis, allowing earnings to compound without immediate taxation. The provider makes regular income payments or a lump sum to the annuitant at the chosen payout date. This sets deferred annuities apart from immediate annuities, which start paying right after the contract is established.

What is a Non Qualified Annuity?

A non-qualified annuity is funded with after-tax money, meaning that the funds used to purchase the annuity have already been taxed. Unlike qualified annuities, which are typically purchased with pre-tax dollars from retirement accounts like 401(k)s or IRAs, non-qualified annuities are funded with money already subject to income tax. Non-qualified annuities are often used to supplement retirement savings, especially for individuals who have maximized their contributions to qualified retirement accounts or those looking for additional tax-deferred growth options outside traditional retirement plans.

What is an Annuity Fund?

An annuity fund is a financial pool or investment portfolio managed by an insurance company or financial institution to fund and support annuity contracts. When individuals purchase annuities, their payments are often pooled together into a collective fund. This fund is then invested by the insurance company or institution to generate returns and provide the income stream for the annuitants. Annuity funds can be structured in various ways, depending on the type of annuities offered and the investment strategies employed by the managing entity. The funds may include a mix of different assets, such as stocks, bonds, mutual funds, or other securities, depending on the annuity's type and features.

Are Annuities a Good Investment?

Annuities can be suitable depending on individual financial goals and risk tolerance. They offer guaranteed income, tax-deferred growth, and the potential for lifetime income, addressing the risk of outliving savings. However, annuities come with high fees and limited liquidity during accumulation. Fixed annuities may not keep up with inflation, and some investors may find better returns in other investment vehicles. It's crucial to carefully evaluate the contract's terms and features to ensure it aligns with one's financial needs. Consulting with a financial advisor can help determine if an annuity fits into a comprehensive and diversified financial plan.

What is an Annuity Provider?

An annuity provider is a financial institution or insurance company that offers and manages contracts. These companies design, market, and sell annuities to individuals seeking to secure a steady income stream for retirement or other long-term financial goals. Annuity providers play a vital role in the annuity market and provide various types of annuities to cater to the different needs and preferences of investors.

Can I transfer my Annuity to another Provider?

In most cases, you can transfer your annuity to another provider through a process known as a 1035 exchange. A 1035 exchange allows you to transfer the cash value of your existing annuity to a new annuity with a different insurance company without incurring any immediate tax consequences. This transfer is authorized by the Internal Revenue Code Section 1035.

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