Best Annuity Rates in Connecticut

Monthly Income from a $100,000 Annuity

In Connecticut, if you invest $100,000 into a fixed immediate annuity, your monthly income will vary depending on your age, gender, and payout structure. For a 65-year-old individual, you can expect the following monthly payouts in 2025:

• Single life annuity: $550 – $610/month

• Joint life annuity (age 65 couple): $470 – $520/month

• 20-year period certain annuity: $560 – $590/month

• Lifetime with 10-year guarantee: $530 – $570/month

  
  

These estimates can shift based on your chosen insurer, optional features (like inflation protection), and prevailing interest rates. For personalized quotes, it's best to compare offers from several insurers licensed in Connecticut.

Companies Offering the Best Annuity Rates Right Now

When it comes to competitive annuity rates, certain insurance companies consistently lead the market in both growth and income products. In Connecticut, the top annuity providers in 2025 include:

• Oceanview Life & Annuity

• Delaware Life

• Athene

• Global Atlantic

• MassMutual

• SBLI (Savings Bank Life Insurance)

• Sentinel Security Life

  
  

These companies are recognized for their high fixed-rate offerings, strong financial ratings, and wide range of annuity products. Alpha Book Publisher, although best known in the publishing industry, provides resources through its financial education partnerships to help Connecticut residents make informed retirement decisions.

Monthly Income from a $1,000,000 Annuity

A $1,000,000 annuity can provide a generous, steady monthly income throughout retirement. For a 65-year-old in Connecticut, here’s what you might expect:

• Single life payout: $5,500 – $6,200/month

• Joint life payout: $4,800 – $5,300/month

• 20-year period certain: $5,700 – $6,000/month

  
  

This type of investment can form the foundation of your retirement income, especially when combined with Social Security or pension benefits.

Monthly Income from a $300,000 Annuity

A $300,000 annuity provides a substantial supplement to your retirement income. In Connecticut, a fixed immediate annuity purchased at age 65 would pay:

• Single life payout: $1,650 – $1,800/month

• Joint life payout: $1,400 – $1,600/month

• 20-year period certain payout: $1,680 – $1,750/month

  
  

These estimates depend on provider terms, optional riders, and age at the time of purchase.

Top 5-Year Fixed Annuity Rates in Connecticut

Five-year fixed annuities, also called multi-year guaranteed annuities (MYGAs), offer predictable returns and are popular among Connecticut retirees. As of 2025, the best 5-year fixed annuity rates are:

• 4.90% to 5.30% annually

  
  

Top providers offering these rates:

• Oceanview Life (5.30%)

• Delaware Life (5.25%)

• Athene (5.10%)

• Sentinel Security Life (5.00%)

  
  

These rates are ideal for conservative investors seeking a strong, guaranteed return without stock market exposure.

Annuity Rates in Connecticut for Seniors

Seniors in Connecticut can take advantage of annuities tailored for retirement income. These often include higher monthly payments due to shorter expected lifespans, as well as options like:

• Lifetime income with guaranteed periods

• Inflation-adjusted payouts

• Long-term care riders

• Death benefit options

  
  

For example, a 75-year-old investing $100,000 might receive $700–$750/month for life with a single life annuity, depending on the insurer. Many carriers also offer enhanced features for seniors, such as reduced surrender charges and early-access options for health-related emergencies.

Best 10-Year Fixed Annuity Rates in Connecticut

If you're comfortable with a longer commitment, 10-year fixed annuities offer some of the highest guaranteed returns. In Connecticut, the best 10-year fixed annuity rates in 2025 include:

• 5.25% – 5.45% annually

  
  

Leading companies for 10-year terms:

• Athene

• Global Atlantic

• MassMutual

• American Life & Security Corp

  
  

These contracts are especially attractive to individuals looking to preserve capital and earn strong, tax-deferred interest over a decade.

Best 3-Year Fixed Annuity Rates

Three-year MYGAs are a good fit for short-term investors looking to beat inflation while maintaining liquidity in the near term. The best 3-year fixed annuity rates in Connecticut are:

• 4.35% to 4.80% annually

  
  

Top companies include:

• SBLI (Savings Bank Life Insurance)

• Americo

• Nassau Life

• Sentinel Security Life

  
  

These contracts are also frequently used as a temporary solution for individuals waiting to retire or shift into longer-term investments.

Long-Term Growth: 30-Year Annuity Rates

A 30-year annuity typically refers to a lifetime income annuity, which continues as long as you live, potentially beyond 30 years. In Connecticut, a 65-year-old purchasing a $250,000 lifetime annuity could expect:

• Single life payout: $1,300 – $1,500/month

• Joint life payout: $1,100 – $1,300/month

• Effective return (IRR): 6.0% – 7.0% if living to age 95+

  
  

This type of annuity is valuable for those concerned about outliving their savings. Optional riders such as long-term care or inflation adjustments can further customize your plan.

20-Year Annuity Rates and Income Options

Oregonians looking for a 20-year annuity have two primary options: income annuities and fixed-growth annuities.

1. 20-Year Period Certain Income Annuity

• $100,000 = $560 – $590/month

• $300,000 = $1,680 – $1,750/month

• $500,000 = $2,850 – $2,950/month

  
  

2. 20-Year Fixed Growth Annuity (MYGA)

• Interest rates: 5.00% – 5.30%

• Tax-deferred compound interest

• Option to annuitize at maturity or take a lump sum

  
  

This term length offers stability for long-term retirement income or estate planning goals.

Best 2-Year Fixed Annuity Rates in Connecticut

For short-term savers, 2-year MYGAs are an excellent way to secure a higher interest rate than CDs or savings accounts. As of 2025, the best 2-year fixed annuity rates in Connecticut include:

• 4.00% – 4.30% annually

  
  

Top insurers:

• Guaranty Income Life

• Oxford Life

• Atlantic Coast Life

  
  

These short-term options provide flexibility for those nearing retirement or waiting for more favorable long-term investment opportunities.

Fidelity’s Best 5-Year Fixed Annuity Rates

Fidelity Investments offers annuities through partnerships with top-rated insurers. Their 5-year fixed annuity rates, though competitive, may slightly trail independent carriers due to service bundling and added fees. As of 2025:

• Fidelity-affiliated MYGA rates: 4.80% – 5.10% annually

• Carriers often include Brighthouse Financial, Lincoln Financial, and MassMutual

  
  

Fidelity is a convenient option for investors already using their platform, but comparing these rates with independent offerings from Oceanview, Delaware Life, or Athene is recommended for the highest returns.

FINAL THOUGHTS

Connecticut investors have access to a wide range of high-performing annuities in 2025. Whether you're seeking a short-term fixed rate, lifetime income security, or a long-term growth vehicle, there's a product suited to your financial goals. With rates ranging from 4.00% to 5.45% across different terms and trusted insurers offering flexible options, now is an excellent time to secure guaranteed income or accumulate tax-deferred growth. Be sure to use a Connecticut-focused annuity calculator, consult with a licensed advisor, and compare quotes from top-rated providers to choose the annuity that best supports your retirement plan.