Best Annuity Rates in Minnesota

Monthly Payout from a $100,000 Annuity in Minnesota

If you invest $100,000 into an immediate fixed annuity in Minnesota at age 65, you can expect to receive a monthly income between $500 and $600. The exact payout depends on several factors, including whether the annuity is structured as a single-life or joint-life contract, if inflation protection is added, or if the income is guaranteed for a specific period. Choosing a deferred annuity can result in higher future payments, particularly if the funds are left to grow for 5–10 years.

Monthly Income from a $1,000,000 Annuity

For those investing $1,000,000 in a fixed income annuity in Minnesota, the monthly payout is substantial. At age 65, a single-life immediate annuity typically pays between $5,000 and $6,300 per month. Joint-life options will yield slightly lower income but ensure both spouses receive payments. Deferred annuities or contracts with cost-of-living adjustments can lead to even greater monthly payouts over time, especially if income is postponed.

Highest Fixed Annuity Rates in Minnesota Right Now

As of 2025, fixed annuity rates in Minnesota are at their highest levels in over a decade. The top-performing Multi-Year Guaranteed Annuities (MYGAs) are offering:

• 2-Year Fixed – Up to 5.00%

• 3-Year Fixed – Between 5.00% and 5.25%

• 5-Year Fixed – 5.30% to 5.45%

• 10-Year Fixed – As high as 5.65%

  
  

These guaranteed rates are available through leading insurers such as Athene, Sentinel Security Life, Oceanview Life, and Delaware Life. These annuities are ideal for those who want to lock in returns without exposure to stock market fluctuations.

Income from a $300,000 Annuity Investment

A $300,000 annuity offers moderate yet reliable monthly income in retirement. For a 65-year-old in Minnesota, an immediate fixed annuity can generate $1,500 to $1,850 per month. The final payout depends on the contract structure—such as whether the annuity includes spousal benefits or inflation adjustments. If the annuity is deferred, future monthly income will increase as the interest compounds over time.

Best 5-Year Fixed Annuity Rates in Minnesota

The best 5-year fixed annuity rates in Minnesota for 2025 range from 5.30% to 5.45%, providing a great option for mid-term investors. These annuities guarantee a fixed interest rate over five years and are typically issued by strong insurers such as:

• Midland National

• Delaware Life

• Sentinel Security Life

• Guggenheim Life

  
  

These contracts are commonly used to roll over matured CDs or 401(k) accounts and often include features like 10% annual penalty-free withdrawals and beneficiary protection.

Minnesota-Based Annuity Calculators for Accurate Estimates

Minnesota residents can take advantage of state-specific annuity calculators to estimate income projections, compare different types of annuities, and tailor payouts to their retirement goals. These calculators factor in local tax considerations, contract features, and premium amounts to provide accurate monthly and annual income estimates. Alpha Book Publisher recommends using calculators provided by licensed financial advisors or insurance providers to compare options from top-rated carriers in real time.

Best 10-Year Fixed Annuity Rates in Minnesota

For long-term planners, 10-year fixed annuities provide strong and consistent returns. The best rates for 10-year contracts in Minnesota as of 2025 fall between 5.50% and 5.65%. These contracts are ideal for investors who want to lock in today’s high interest rates for the next decade. Companies like Athene, American National, and North American are offering highly rated annuities with optional riders such as:

• Long-term care coverage

• Death benefits

• Guaranteed income options

  
  

Best 3-Year Fixed Annuity Rates for Short-Term Goals

If you’re looking for short-term financial security, 3-year fixed annuities are currently offering rates between 5.00% and 5.25% in Minnesota. These annuities are especially useful for parking funds safely without sacrificing returns. Leading insurers like SILAC Insurance, Liberty Bankers Life, and Equitrust are known for offering straightforward contracts with minimal fees and simple withdrawal provisions.

Exploring 30-Year Annuity Income Options

A 30-year annuity is a long-term income solution that can be structured for guaranteed monthly payouts or deferred accumulation. For example, investing $1 million in a 30-year fixed payout annuity could generate $4,200 to $5,300 per month, depending on age and contract terms. For those choosing deferred annuities, compound annual returns may fall between 4.75% and 5.25%. These long-term plans are especially appealing for younger retirees or those focused on legacy planning. Carriers such as Protective Life, Lincoln Financial, and New York Life offer competitive options.

Current 5-Year Annuity Rates in Minnesota

The current 5-year annuity rates in Minnesota remain highly favorable, with offerings from 5.30% to 5.45%. These rates are fixed for the entire term, offering reliable, low-risk growth. Many contracts allow annual free withdrawals of up to 10%, giving account holders some flexibility without penalties. These annuities are a strong alternative to 5-year CDs, especially for tax-deferred retirement accounts or non-qualified savings looking for safe, long-term gains.

Top 20-Year Annuity Products in Minnesota

A 20-year annuity offers long-term income or accumulation, depending on your financial objectives. For a $500,000 investment structured for monthly income, the payout ranges from $2,800 to $3,200, depending on provider and contract terms. Alternatively, fixed annuities designed for growth over 20 years offer rates between 5.25% and 5.50%. These long-term annuities are provided by reputable carriers like MassMutual, Mutual of Omaha, and Guardian Life, many of which offer options for:

• Inflation adjustments

• Survivor benefits

• Estate planning features

  
  

Best 2-Year Fixed Annuity Rates in Minnesota

For ultra-short-term planning, 2-year fixed annuities are a strong choice for those who want to earn better returns than money markets or CDs while maintaining liquidity. In Minnesota, top 2-year fixed annuity rates are 4.85% to 5.00%. These annuities are often used to hold funds during transitional financial periods and are issued by insurers such as Atlantic Coast Life and Liberty Bankers Life. Benefits include low fees, guaranteed growth, and access to partial withdrawals.

FINAL THOUGHTS

In 2025, Minnesota investors are in a strong position to take advantage of top-tier annuity rates across every term length. Whether you’re planning for retirement income, looking to grow funds tax-deferred, or seeking a safe place to park savings, today’s fixed annuities offer security and performance. From short-term 2-year contracts to lifetime income solutions, the flexibility of annuities makes them a smart addition to any financial plan. Alpha Book Publisher encourages Minnesotans to work with trusted providers and use accurate calculators to tailor the perfect annuity for their long-term goals.