Aspida is a brand-new entry into the annuity space, just founded in 2021. But it makes up for its age with a solid AM Best Financial Strength Rating and a long list of fixed and fixed index annuity offerings. The company provides a good mix of annuity products to help customers laser in on what best fits their needs.
Jennifer Schell, CAS® Financial Writer, Certified Annuity Specialist® Jennifer Schell is a professional writer focused on demystifying annuities and other financial topics including banking, financial advising and insurance. She is proud to be a member of the National Association for Fixed Annuities (NAFA) as well as the National Association of Insurance and Financial Advisors (NAIFA). Read More
Chip Stapleton FINRA Series 7 and Series 66 License Holder Chip Stapleton is a financial advisor who has spent the past several years of his career working primarily in financial planning and wealth management. He is a FINRA Series 7 and Series 66 license holder and passed the CFA Level II exam in 2022. Read More
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Stephen Kates, CFP® Principal Financial Analyst for Annuity.org Stephen Kates, CFP® is a personal finance expert specializing in financial planning and education. He serves as the Principal Financial Analyst for Annuity.org, where he delves into industry trends to support consumers and financial advisors on wealth management, annuities, retirement planning, and investing. Read More
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How to Cite Annuity.org's ArticleAPA Annuity.org (2024, August 21). Aspida At a Glance: Rates, Products and Reviews. Retrieved September 5, 2024, from https://www.annuity.org/annuities/providers/aspida/
MLA "Aspida At a Glance: Rates, Products and Reviews." Annuity.org, 21 Aug 2024, https://www.annuity.org/annuities/providers/aspida/.
Chicago Annuity.org. "Aspida At a Glance: Rates, Products and Reviews." Last modified August 21, 2024. https://www.annuity.org/annuities/providers/aspida/.
Today’s Best Aspida Annuity Rates
| Term | Product | AM Best Rating | Rate |
| 5 | Aspida Advisory MYGA | A- | 5.75% |
| 7 | Aspida Advisory MYGA | A- | 5.65% |
| 3 | Aspida Advisory MYGA | A- | 5.60% |
If you’re interested specifically in fixed annuities, then Aspida is a solid option to consider. The provider offers both fixed and fixed index products in several forms. The company does lack other types of annuity offers such as variable products.
Aspida Advisory MYGA
Aspida Advisory MYGA
Aspida Advisory MYGA
Aspida Advisory MYGA
Synergy Choice MYGA
When it comes to types of annuities, Aspida’s offerings are limited to fixed and fixed index annuities. The upside is that the company provides numerous versions of those products, each with its own advantages that help it cater to different types of customers.
Aspida offers multi-year guaranteed annuities (MYGAs), which all share some similarities.
Each MYGA is available in terms of two, three, five or seven years, has a minimum of $25,000 and a maximum of $1,000,000. These products also allow your money to grow tax-deferred at a guaranteed rate.
The first of these products is the Aspida Advisory MYGA, which, on top of the standard benefits of opting for a MYGA, offers fairly customer-friendly surrender rates and includes nursing home and terminal illness waivers.
It’s a good choice if you want a low-risk and straightforward way to grow your money.
The Synergy Choice MYGA includes some unique features, such as free interest withdrawal, which allows you to set up regular withdrawals of the interest that your annuity earns. Like Aspida’s other MYGA offerings, you can withdraw up to 10% of your contract with no penalty after the first year.
Unlike Aspida’s other options, the Synergy Choice MYGA does not include a nursing home or terminal illness waiver.
Aspida’s final fixed annuity offering is the WealthLock MYGA, which includes a combination of standard benefits found in the company’s other products, like the ability to withdraw up to 10% of the contract value after a year, along with terminal illness and nursing home waivers.
Aspida WealthLock MYGA Rates
Aspida stands out thanks to its strong variety of fixed and fixed index annuity offerings. Instead of just offering two or three base products, the company has many versions with varying perks that help customers lock in on the product that makes the most sense for them.
The company also has a perfect NAIC Complaint Index Score which, despite its limited history, speaks to its few customer satisfaction issues.
Perhaps the biggest con to Aspida is the company’s age. Annuities can be a major financial commitment and many potential customers like the stability that comes from working with a large and old company. Aspida is practically in its infancy, just founded in 2021.
Additionally, all of the company’s annuity offerings are single-premium products, meaning they are not available in a deferred version. Other options outside of the fixed realm, such as variable annuities, are also not available.
Still Searching for the Best Annuity Provider?
Take the next step toward financial freedom with a top-rated annuity provider today.Annuity.org created a fact-based methodology to analyze the strength, security and reach of different annuity providers. We assessed companies based on their availability, the number of direct premiums sold, their AM Best Financial Strength Rating and their NAIC Complaint Index score.
Providers received a rating on a five-star scale for each of these categories, with the complaint index and financial strength ratings weighed as the heaviest variables. Then, using a weighted average, each company was assigned an overall star rating.
Top-Ranked Annuity Providers
The Annuity.org editorial team spoke with several different annuity experts to learn more about what is important to customers when searching for a provider and what factors make a company reliable. While Annuity.org designed the methodology, these experts provided feedback during the process and consulted on what factors we should leverage to best help prospective buyers compare providers.
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Please seek the advice of a qualified professional before making financial decisions. Last Modified: August 21, 2024
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Our trusted annuity providers can help you earn up to 6.6%. Call Now: 877-918-7024 Jennifer Schell, CAS® Financial Writer, Certified Annuity Specialist®Jennifer Schell is a professional writer focused on demystifying annuities and other financial topics including banking, financial advising and insurance. She is proud to be a member of the National Association for Fixed Annuities (NAFA) as well as the National Association of Insurance and Financial Advisors (NAIFA).
Chip Stapleton FINRA Series 7 and Series 66 License Holder