Best Annuity Rates in Ohio

Monthly Income from a $100,000 Annuity in Ohio

For Ohio residents considering a $100,000 annuity, the monthly payout depends on your age, the type of annuity, and any selected features. A 65-year-old retiree investing in a single-life immediate annuity could receive approximately $500 to $600 per month.

Here are some examples:

• Single Life Immediate Annuity: ~$560/month

• Joint Life with 10-Year Period Certain: ~$470/month

• With 2% COLA (Cost-of-Living Adjustment): ~$440/month initially, increasing each year

  
  

For those choosing deferred annuities, the payout will depend on the deferral period and accumulated interest.

Who Offers the Highest Paying Annuity Today?

Currently, the highest paying annuity providers in Ohio are those offering top rates on multi-year guaranteed annuities (MYGAs) and fixed indexed annuities. Leading insurers include:

• Athene

• Oceanview Life

• MassMutual Ascend

• Delaware Life

• F&G (Fidelity & Guaranty Life)

  
  

These companies consistently deliver competitive interest rates, particularly on 3- to 10-year MYGAs, and have strong financial ratings. It’s crucial to also evaluate customer service, surrender charge terms, and added benefits like enhanced income or death benefit riders.

Monthly Income from a $50,000 Annuity

A $50,000 annuity may provide a modest but dependable monthly payout. For a 65-year-old in Ohio choosing a single-life immediate annuity, the estimated income would be:

• Single Life: ~$280 to $300/month

• Joint Life with 10-Year Guarantee: ~$235/month

• With Inflation Adjustment (2%): ~$220/month to start

  
  

This type of annuity can help supplement other retirement income, such as Social Security or pensions, especially when used to cover fixed monthly expenses.

Monthly Payout from a $300,000 Annuity in Ohio

A $300,000 annuity can be structured to offer significant income. For a 65-year-old individual, the monthly payout would likely be:

• Single Life Immediate Annuity: ~$1,650/month

• Joint Life with 10-Year Period Certain: ~$1,400/month

• With COLA: ~$1,250/month initially

  
  

Whether you're looking for level income or payments that adjust over time, most top insurers in Ohio offer flexible options to fit your retirement strategy.

Best 5-Year Fixed Annuity Rates in Ohio

In 2025, the best 5-year fixed annuity rates (MYGAs) in Ohio range between 5.30% and 5.60%. These annuities offer guaranteed interest rates for the full term and are popular among conservative savers.

Top providers:

• Delaware Life – ~5.60%

• Oceanview Life & Annuity – ~5.55%

• Nassau Life – ~5.45%

• Aspida Life – ~5.40%

  
  

A $100,000 investment at 5.6% would grow to about $131,000 over five years, assuming interest is compounded and left untouched.

Ohio-Specific Annuity Calculator Tools

If you're looking to explore options, an Ohio annuity calculator is an essential tool. These calculators let you input:

• Your age and gender

• Investment amount

• Desired income start date

• Payment type (immediate, deferred, lifetime)

  
  

Many financial institutions offer calculators tailored to Ohio state regulations and taxes, including Blueprint Income, Fidelity, and local financial advisory firms. These tools help visualize monthly income and compare providers side-by-side.

Top 10-Year Fixed Annuity Rates in Ohio

The 10-year fixed annuity rates in Ohio are currently competitive, offering 4.90% to 5.25%. These long-term annuities are ideal for investors who don’t need immediate income but want predictable growth.

Top options include:

• MassMutual Ascend – ~5.25%

• American National – ~5.10%

• F&G Life – ~5.00%

  
  

These annuities provide tax-deferred compound interest and often come with optional withdrawal or legacy benefits.

Fidelity's 5-Year Fixed Annuity Rates in Ohio

Fidelity partners with several top-rated insurers to offer fixed annuities. As of early 2025, Fidelity’s 5-year fixed annuity rates in Ohio are up to 5.30%, depending on the issuing insurance company.

Benefits of using Fidelity:

• Access to multiple insurers

• Transparent rate comparisons

• Easy-to-use online tools and retirement calculators

• Ability to buy through IRAs or taxable accounts

  
  

It’s a go-to option for investors seeking annuity diversity and flexibility.

Best 3-Year Fixed Annuity Rates in Ohio

For shorter-term stability, 3-year fixed annuities in Ohio offer attractive yields. The best 3-year rates currently range from 5.10% to 5.35%.

Top providers:

• Sentinel Security Life – ~5.35%

• Canvas Annuity – ~5.25%

• Delaware Life – ~5.20%

  
  

These are great for individuals who prefer shorter commitments but still want better returns than CDs or savings accounts.

Current 5-Year Annuity Rates for Ohio Residents

The current 5-year annuity rates for Ohio residents remain strong, fueled by sustained higher interest rates nationwide. MYGAs offer guaranteed returns with no market exposure, and current rates include:

• Delaware Life – 5.60%

• Oceanview Life – 5.55%

• Aspida Life – 5.45%

  
  

These rates make the 5-year annuity an excellent option for those nearing retirement or reallocating cash from maturing CDs.

Best 2-Year Fixed Annuity Rates in Ohio

While not as common as longer-term options, 2-year fixed annuities can still offer compelling returns. The best 2-year annuity rates in Ohio range from 4.50% to 4.85%.

Top issuers include:

• Canvas Annuity – ~4.80%

• Oxford Life – ~4.70%

• Sentinel Life – ~4.60%

  
  

These products are suitable for investors who need liquidity in the short term but still want to earn above-market interest.

30-Year Annuity Income Strategies

A 30-year annuity isn't a standard product with a fixed term, but it can be structured using:

• Lifetime income annuities with 30-year period certain

• Deferred income annuities that start at age 70 or 75

  
  

For a $100,000 investment, the payout might be around:

• $500/month for 30 years

• Higher income if the annuity is deferred and starts later

  
  

These annuities are popular among individuals looking for long-term retirement planning, including estate protection and consistent income into advanced age.

FINAL THOUGHTS

Ohio residents are currently in an ideal position to capitalize on some of the best annuity rates seen in years. Whether you're considering a $50,000 or $300,000 investment, today’s fixed annuities, MYGAs, and lifetime income products offer dependable returns and tailored income strategies.

With top-rated providers like Athene, Delaware Life, MassMutual Ascend, and F&G Life offering competitive rates across 2-, 3-, 5-, and 10-year terms, annuities are a strong consideration for those seeking predictable growth or monthly retirement income. Use Ohio-based annuity calculators and consult with an advisor to customize a plan that aligns with your financial goals and retirement horizon.