Major providers include MassMutual, Nationwide, and Guardian.
You can buy an annuity from three main types of financial institutions: , banks , and brokerage firms . Where to Buy where can i buy an annuity
Banks typically offer a narrower selection of products compared to insurers. Major providers include MassMutual, Nationwide, and Guardian
: Be aware of "surrender charges" if you need to withdraw your money early, as well as management fees. Major providers include MassMutual
For example, a $100,000 annuity might pay anywhere from $446 to $1,150 per month depending on the insurer and your age.
Look for "A" or better ratings from agencies like or Standard & Poor's .