Can I buy a fixed annuity online without a broker?

Yes. Annuital lets you compare and apply for fixed annuities directly online — no sales pressure. You can browse today's rates from Nassau, Oceanview, and F&G, get a free quote, and submit your application in minutes. Our licensed agents are available to answer questions if needed, but you are never required to speak with anyone to apply.

What are today's best fixed annuity rates?

Today's best fixed annuity (MYGA) rates reach up to 5.55% APY from A-rated carriers — more than 1% higher than the best 5-year CD rates currently available at banks. Rates vary by term (3, 5, or 7 years), premium amount, and state. Compare current live rates at Annuital.com.

How does a fixed annuity compare to a CD in 2026?

Fixed annuities (MYGAs) typically pay 1–1.5% more APY than the best CD rates in 2026 — up to 5.55% APY vs. ~4.20% for a 5-year CD. Unlike CDs, annuity interest grows tax-deferred, meaning you don't pay taxes until withdrawal. Both are principal-protected, but MYGAs offer compounding tax-deferred growth that CDs cannot match for retirement savings.

What is a multi-year guaranteed annuity (MYGA)?

A MYGA (multi-year guaranteed annuity) is a fixed annuity that locks in a guaranteed interest rate for a set term — typically 3, 5, or 7 years. Your principal is 100% protected, the rate never changes during your term, and all growth is tax-deferred. It works like a CD but with higher rates and better tax treatment for retirement savings.

How long does it take to buy a fixed annuity from Annuital?

Most applicants can complete the online application in under 10 minutes. You'll need your Social Security number and bank or rollover account information. Funding via electronic bank transfer is typically the fastest option. Once approved, your annuity contract is issued and your guaranteed rate is locked.

Are there fees when buying through Annuital?

The rate you see is the rate you earn. Surrender charges may apply if you withdraw more than the allowed penalty-free amount during the surrender period.

How safe are fixed annuities?

Fixed annuities are backed by the financial strength of AM Best-rated insurance carriers and state guaranty associations (typically up to $250,000 per carrier per state). Your principal is 100% guaranteed and protected from market losses. All carriers on Annuital are rated B++ or better by AM Best.

Can I withdraw money from a fixed annuity?

Most fixed annuities allow penalty-free withdrawals of up to 10% of your account value per year. Withdrawals above that during the surrender period incur surrender charges. After the surrender period ends, you can access your full balance penalty-free. Withdrawals before age 59½ may be subject to a 10% IRS penalty on gains.

What is the minimum investment for a fixed annuity?

The minimum investment on Annuital starts at $10,000 for Nassau's MYAnnuity products and $20,000 for Oceanview and F&G products. There is no maximum investment limit. You can fund with a lump sum bank transfer, IRA rollover, or 401(k) transfer.

What states does Annuital serve?

Annuital is licensed to sell fixed annuities in Connecticut, Florida, Massachusetts, North Carolina, New Hampshire, Rhode Island, and Vermont. Services are not available to residents of California or New York.

What is defined outcome investing?

Defined outcome investing means you know your worst-case and best-case returns before you invest. Instead of exposing your savings to unknown market swings, a defined outcome product sets clear boundaries on your risk — your guaranteed rate, your floor, or your monthly income is established on day one. Fixed annuities (MYGAs), fixed indexed annuities (FIAs), and immediate annuities are all defined outcome products.

How does defined outcome investing work?

A defined outcome product defines your return range upfront. A multi-year guaranteed annuity (MYGA) locks in a guaranteed interest rate for a set term. A fixed indexed annuity (FIA) credits a portion of an index's gains with a 0% floor, so your balance never falls below your principal. An immediate annuity converts a lump sum into guaranteed lifetime income. In every case, the outcome is known before you commit.

Is defined outcome investing safe?

Defined outcome products issued by insurance carriers are 100% principal protected and backed by the financial strength of AM Best B++ or better rated insurers, with additional protection from state guaranty associations. They are not FDIC insured and are subject to surrender charges for early withdrawals, but your principal is protected from market losses.

What is the difference between defined outcome investing and a regular investment?

A regular stock or mutual fund investment has an unknown outcome — your return depends entirely on market performance and can be negative. A defined outcome product sets boundaries: your worst case (the floor) and best case (the cap or guaranteed rate) are defined before you invest, removing the guesswork and market anxiety from retirement savings.

Who is defined outcome investing for?

Defined outcome investing is ideal for retirees and pre-retirees in drawdown who can't afford a market crash, savers who want a higher guaranteed rate than a bank CD, and anyone who needs income that lasts as long as they do. Annuital offers three defined outcome strategies: LockIn (guaranteed rate MYGA), IndexedUp (fixed indexed annuity with a floor), and Paycheck (lifetime income annuity).

Paycheck · Defined Outcome Investing

Paycheck Income Planner

Turn your savings into guaranteed monthly income you can't outlive with an immediate annuity. Your paycheck is set before you commit.

Your Information

Your Current Age

When Do You Need Income?

Longer deferral = higher monthly income

Premium Amount

Minimum: $10,000

Personal Income Annuity

Nassau Life and Annuity Company

B++ Rated

Guaranteed lifetime income
Payments for life
No market risk
Death benefit options

Calculate Your Guaranteed Income

Enter your age, when you need income, and premium amount to see your personalized quote

Important Disclosures: All income projections are estimates based on current rates and are not guarantees. Actual payouts may vary and are subject to underwriting approval. Once purchased, immediate annuities cannot be surrendered for cash value. This calculator is for educational purposes and does not constitute financial advice.

How an Immediate Annuity Works

An immediate annuity converts a lump sum into guaranteed lifetime income in four simple steps — no market risk, no management required.

1. Make a One-Time Premium Payment

You transfer a lump sum (minimum $10,000) to the insurance carrier in exchange for a guaranteed income contract.

2. Choose When Income Starts

Begin payments immediately or defer up to 10 years. Longer deferral means a higher monthly payout for life.

3. Select Investments to Potentially Increase Cash Value

Your premium is linked to a market index (like the S&P 500) so your cash value can grow when markets rise — with downside protection so you never lose money due to market declines. An income rider guarantees a lifetime payout regardless of account performance.

4. Receive Guaranteed Income for Life

Payments begin on your chosen start date and continue for the rest of your life — regardless of how long you live or what markets do.

Immediate Annuity Payout Rates by Age (per $100,000 premium)

Monthly and annual guaranteed income for life, starting immediately at the age shown. Rates are illustrative for Personal Income Annuity from Nassau Life and Annuity Company.

Income Start Age	Monthly Income	Annual Income	Payout Rate
Age 55	$510	$6,123	6.12%
Age 56	$520	$6,240	6.24%
Age 57	$532	$6,383	6.38%
Age 58	$542	$6,500	6.50%
Age 59	$555	$6,656	6.66%
Age 60	$575	$6,903	6.90%
Age 61	$587	$7,046	7.05%
Age 62	$595	$7,137	7.14%
Age 63	$602	$7,228	7.23%
Age 64	$613	$7,358	7.36%
Age 65	$632	$7,579	7.58%
Age 66	$638	$7,657	7.66%
Age 67	$648	$7,774	7.77%
Age 68	$658	$7,891	7.89%
Age 69	$667	$8,008	8.01%
Age 70	$684	$8,203	8.20%
Age 71	$690	$8,281	8.28%
Age 72	$710	$8,515	8.52%
Age 73	$722	$8,658	8.66%
Age 74	$735	$8,814	8.81%
Age 75	$750	$8,996	9.00%
Age 76	$777	$9,321	9.32%
Age 77	$798	$9,581	9.58%
Age 78	$808	$9,698	9.70%
Age 79	$809	$9,711	9.71%
Age 80	$826	$9,906	9.91%

Payout rates shown are per $100,000 of premium for a single-life immediate annuity with no refund feature. Actual rates vary by gender, state, and payout option.

Immediate Annuity FAQ

Common questions about immediate annuities, lifetime income, and how the Retirement Income Planner works.

How much income does a $100,000 immediate annuity pay per month?

A $100,000 immediate annuity typically pays between $400 and $600 per month for life starting at age 65, depending on the carrier, your age, gender, and deferral period. Use Annuital's free Retirement Income Planner to see your exact guaranteed monthly payout from Nassau's Personal Income Annuity.

What is an immediate annuity and how does it work?

An immediate annuity (also called a single premium immediate annuity, or SPIA) is a contract where you pay a one-time premium to an insurance company and begin receiving guaranteed income payments within 12 months. Payments can last for your lifetime, a set period, or both. The payout rate is locked in at purchase and never changes.

At what age should I buy an immediate annuity?

Most buyers purchase an immediate annuity between ages 60 and 75. The older you are when income starts, the higher your monthly payout — because the insurer expects to make fewer payments. You can also defer income for up to 10 years to lock in a higher payout rate.

Can I lose money in an immediate annuity?

Your income payments are guaranteed by the issuing insurance carrier and are not affected by market performance. However, immediate annuities are generally irrevocable — once purchased, you cannot surrender the contract for a refund. Choose a carrier rated B++ or better by AM Best for maximum safety.

Is an immediate annuity better than a fixed annuity (MYGA)?

They serve different goals. A MYGA grows your principal at a guaranteed rate for a set term (3–7 years) — you keep access to your money. An immediate annuity converts a lump sum into guaranteed lifetime income you cannot outlive. Many retirees use both: a MYGA for growth and liquidity, plus an immediate annuity to cover essential expenses.

Are immediate annuity payments taxed?

If you fund the annuity with after-tax (non-qualified) money, only the portion of each payment considered earnings is taxable — the rest is a tax-free return of principal. If funded with pre-tax IRA or 401(k) money, the entire payment is taxed as ordinary income. Consult a tax advisor for your situation.