Fixed Annuities

Fixed annuities offer a secure, low-risk way to grow tax-deferred money for retirement. Fixed annuities, like a multi-year guaranteed annuity (MYGA), are a great choice as part of a diversified retirement portfolio and will allow you to grow money safely for a period of time until you’re ready to use it. Growth is based off the interest rate of the annuity and will increase steadily throughout the term of your contract.

Since there is no market risk associated with a fixed annuity, your principal (the money you put in at the start of your contract) is guaranteed to grow at a fixed, steady rate, making a fixed annuity a great place to put money you want to protect before retirement.

Explore Aspida Fixed Annuities

Aspida Advisory MYGA

A Single Premium Deferred Fixed Multi-Year Guaranteed Annuity (MYGA)

Terms: 2-, 3-, 5-, & 7-Year

Securely grow tax-deferred money for retirement with low risk, and enjoy benefits like direct access to your money when you need it and multiple guaranteed income options.

Synergy Choice™ MYGA

A Single Premium Deferred Fixed Multi-Year Guaranteed Annuity (MYGA)

Terms: 2-, 3-, 5-, & 7-Year

Choose a withdrawal feature that fits your needs while you enjoy a simple, steady, guaranteed way to build retirement savings.

WealthLock℠ MYGA

A Single Premium Deferred Fixed Multi-Year Guaranteed Annuity (MYGA)

Terms: 2-, 3-, 5-, & 7-Year

Depend on tax-deferred growth through fixed guaranteed interest with no down market risk.

Why choose a fixed annuity?

Protection of Your Principal

An Aspida fixed annuity protects your initial payment from fluctuations in the market, and your growth is guaranteed.

Guaranteed Interest Rate

Your money is guaranteed to grow at the same compounded rate for the length of your contract.

Tax-Deferred Growth

All the earnings in a fixed annuity grow 100% tax deferred, which means you don’t pay taxes on the interest as it’s earned, only when you withdraw it.

Option for Lifetime Income

You can choose to receive guaranteed payments over a specified amount of time or for the rest of your life.

The Power of Tax-Deferred Growth

There’s power in the simplicity of a fixed annuity. It's a tax-deferred product, so you don't pay any taxes on the earned interest until the money is withdrawn. Here’s another perk: the full value of the contract stays intact throughout its length. This is beneficial because the additional interest earned is based on the total contract value, which means your money grows faster when compared to investments with taxable income returns.

Let's break it down.

Here's an example. Over a 20 year period, a $100,000 initial premium with a tax-deferred rate of 4.00% would require a taxable rate of return of 5.26% to equal the same amount of growth.

As interest is compounded on your annuity, it’s based on it's current value. Taxable investments have to pay taxes each year to the IRS, meaning the amount left in the investment that builds interest is lower after each tax payment. Deferring taxes means your interest grows uninterrupted, since taxes don't come out until you withdraw funds.

The hypothetical example assumes an initial premium of a marginal $100,000 into both a tax-deferred annuity, with a 4% growth rate, and investment into a taxable account, with a 4% growth rate. The tax bracket is assumed to be 24%. Actual taxes will be paid at the individual’s ordinary income rate for the tax year at the end of the contract period or upon early withdrawal.

Power of Tax-Deferred Growth Graph Image

Purchasing a Fixed Annuity is



Choose your initial amount3


Select the length of your contract.


Relax and watch your money grow.


Fixed annuities often have additional features so your contract can work best for you and your loved ones. These features are either included in your contract or you can customize your annuity by adding features that fit your life best.

Below are the major highlights. Find more details about these – and other – features by checking out our products.

Access to Your Funds

Having access to your funds can give you the peace-of-mind you need. Our fixed annuities give you the opportunity to make withdrawals to help cover the unexpected. You can also withdraw from your tax-qualified IRA any RMD required by the IRS after 30 days.

Leaving a Legacy

If the unexpected does occur, knowing where your money goes is important. Our fixed annuities can give you the security you need in case something were to happen to you. It pays a death benefit directly to your beneficiaries without the delays and costs associated with probate, letting your family focus on the things that matter most.

Additional Benefits

Protecting you and your family is important. Your annuity contract may include access to 100% of your contract value – after the first year – in the event you are confined to a nursing home or diagnosed with a terminal illness.

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Laddering: A Fixed Annuity Portfolio Strategy

Laddering, or breaking up your purchase into multiple fixed annuities with different contract terms, is a useful strategy to diversify interest rate exposure. A fixed annuity laddering strategy accomplishes two things: you’re able to secure a higher interest rate today that’s only available for longer time commitments and create multiple opportunities to take advantage of potentially higher future rates.

Let's put it into perspective. Instead of buying one 5-year fixed annuity, you could buy three fixed annuities with interest rate guarantee periods of 3, 5, and 7 years. The money locked in for longer will be eligible for higher rates today. You’ll also have liquidity available at multiple dates in the future, which allows for more flexibility and to catch higher rates if they rise in the future.

How does it work?

Say you have $120,000 in the piggy bank. Instead of buying one fixed annuity, you split that money into multiple, smaller purchases.

You would take that $120,000 purchase and split it between 3-year, 5-year, and 7-year fixed annuities, let's say $40,000 each. Based upon hypothetical rates, this would credit you 3.60%, 4.00%, and 4.05%, respectively.

Using this method, you'll own annuities whose rate periods will end in three different years, giving you a step up in future opportunities.

This is a hypothetical example. The chart shows account balance and cumulative pre-tax interest with no withdrawals. Chart shows assumed rates of return based on three $40,000 initial premiums, totalling $120,000, and is not indicative of any particular annuity’s return.

Synergy Laddering Graph Image


1The guaranteed rate is good for the guaranteed period you select at the time of purchase.

2Qualified accounts will not have any additional tax deferral benefit.

3$25,000 premium minimum to $1,000,000 maximum. A premium of more than $1,000,000 may be accepted with prior approval from Aspida.

Legal Disclosure

Guarantees are backed by the claims-paying ability of Aspida Life Insurance Company (“Aspida”). Annuities are designed for long-term accumulation of money; surrender and withdrawal fees may apply on early withdrawals. Annuity withdrawals are subject to income tax and withdrawals prior to age 59½ may also be subject to an IRS penalty.

The statements and comments offered in this communication are provided as general information and ideas. They are not intended to be, nor should they be relied on as, investment, legal, tax advice or recommendations. Before making a decision or giving advice about any matter contained in this communication, agents or individuals should consult their own attorney, tax or investment advisor.

Products and services are underwritten and/or provided by Aspida (Administrative Office: Durham, NC), licensed in 49 states (excluding New York) and the District of Columbia. Products and services may not be available in all states.

Not FDIC/NCUA Insured • May Lose Value • Not Bank/CU Guaranteed • Not a Deposit • Not Insured by Any Federal Government Agency