Best Annuity Rates in South Carolina

Monthly Payout Estimates for a $100,000 Annuity

If you invest $100,000 into an annuity in South Carolina, your monthly income will vary based on several factors: age, annuity type (fixed, variable, or indexed), gender, and the contract’s payout duration. For a fixed immediate annuity purchased at age 65, here are rough estimates:

• Lifetime payments (single life): $550 – $600 per month

• 20-year period certain: $550 – $580 per month

• Joint life (male and female, age 65): $480 – $520 per month

  
  

These numbers can shift with interest rates and provider terms, so always compare quotes using a licensed agent or financial advisor. South Carolina residents may benefit from state-specific rates or promotions, especially when working with companies that have local offices.

Providers Currently Offering Top Annuity Rates

When evaluating who offers the most competitive annuity rates right now, it’s important to focus on companies with high financial strength ratings and transparent terms. As of early 2025, several providers consistently lead the industry in offering top-tier fixed annuity rates:

• MassMutual

• Athene

• Global Atlantic

• Oceanview Life

• Delaware Life

  
  

These companies have strong ratings from A.M. Best and are widely recognized for providing high-yield options. While Alpha Book Publisher is best known for its role in educational publishing, they also collaborate with financial literacy professionals to create resources for consumers comparing annuity providers and products.

Monthly Income from a $1,000,000 Annuity

A $1 million annuity provides significantly more income than smaller investments, but the monthly payout still depends on the annuity type and your age. Here’s what you can expect:

• Lifetime payments at age 65 (single life): $5,500 – $6,000 per month

• 20-year period certain payout: $5,700 – $5,900 per month

• Joint life annuity (age 65 couple): $4,800 – $5,200 per month

  
  

These are estimates based on current rates in early 2025. To get an exact figure tailored to your circumstances in South Carolina, use a detailed annuity calculator or consult an independent annuity specialist.

Monthly Income from a $50,000 Annuity

A $50,000 annuity will produce smaller monthly payouts, but it’s still a useful component of a diversified retirement income strategy. If you’re 65 and opt for a fixed immediate annuity, here’s what to expect:

• Lifetime income (single life): $270 – $300 per month

• 20-year period certain payout: $280 – $290 per month

• Joint life payout (age 65 couple): $240 – $260 per month

  
  

Smaller annuities like this can supplement Social Security or a pension, offering a reliable source of cash flow for specific expenses like healthcare premiums or utility bills.

Top-Yielding 5-Year Fixed Annuity Options

Five-year fixed annuities (also called multi-year guaranteed annuities or MYGAs) are currently offering some of the most competitive returns. As of early 2025, the best 5-year fixed annuity rates in South Carolina range from 4.90% to 5.25% annually.

These rates are offered by companies like:

• Oceanview Life (5.25%)

• Delaware Life (5.15%)

• Athene (5.10%)

  
  

The interest is locked in for the full five years and is not affected by market volatility. South Carolina investors looking for medium-term growth without market exposure often find MYGAs attractive.

South Carolina Annuity Calculator Tools

Using an annuity calculator customized for South Carolina is a smart way to compare payouts, tax implications, and interest rates. These tools allow you to plug in your investment amount, age, and preferred term length to see monthly and annual income projections.

Several financial services websites offer free calculators, or you can work with a licensed advisor who has access to more precise quote engines that reflect South Carolina’s specific insurance offerings.

Keep in mind that South Carolina doesn’t impose state tax on Social Security, but annuity income is fully taxable as ordinary income unless it’s classified as a return of principal.

Best 2-Year Fixed Annuity Rates Available Now

Short-term annuities like 2-year fixed contracts are excellent for conservative investors looking for quick returns with minimal risk. In South Carolina, the best 2-year fixed annuity rates currently fall between 4.00% and 4.30% as of early 2025.

These rates can change monthly, so it’s important to lock in a rate when it peaks. Insurance providers offering top-tier short-term fixed annuities include:

• Guaranty Income Life

• Atlantic Coast Life

• Sentinel Security Life

  
  

These contracts typically allow limited access to funds during the term (often 10% per year without penalty), making them suitable for those who still want some liquidity.

10-Year Fixed Annuity Rates for Long-Term Security

For those interested in longer commitments, 10-year fixed annuities provide stable income and superior interest compared to bank CDs. In South Carolina, top-rated companies are offering rates between 5.25% and 5.45% on 10-year fixed annuities.

Benefits of 10-year annuities:

• Higher guaranteed rates than shorter terms

• Tax-deferred growth

• Optional income riders available

  
  

Before committing to a 10-year plan, make sure you’re comfortable with the surrender schedule and consider your liquidity needs.

High-Yield 3-Year Fixed Annuity Options

Three-year annuities strike a balance between rate and term flexibility. As of 2025, the best 3-year fixed annuity rates in South Carolina range from 4.35% to 4.80%.

Recommended companies offering 3-year MYGAs:

• SBLI (Savings Bank Life Insurance)

• Americo

• Nassau Life

  
  

These products are great for individuals nearing retirement who want a short-term safe harbor for their cash while still earning competitive interest.

30-Year Annuity Rate Projections

If you're considering a 30-year annuity, you're likely looking at a lifetime payout structure. Instead of focusing on interest rates, the emphasis is on monthly income projections and internal rate of return (IRR) over decades.

A $250,000 investment into a lifetime annuity at age 65 might pay:

• $1,300 to $1,500 per month for life

• If you live to age 95, the effective rate of return could be 6%–7% annually depending on the structure and company.

  
  

Thirty-year annuities are most effective when used to hedge longevity risk, ensuring you don’t outlive your income.

Current 5-Year Annuity Rates in South Carolina

As of 2025, current 5-year annuity rates in South Carolina are between 4.90% and 5.25%, depending on the provider and contract features.

Popular insurance companies offering high 5-year fixed annuity rates include:

• Delaware Life

• Aspida

• Oceanview Life

• American Life & Security Corp

  
  

Be sure to confirm any fees, penalties, and renewal rate structures before locking into a 5-year agreement.

20-Year Annuity Income and Interest Rates

If you prefer a set 20-year payout schedule, annuity rates tend to be quite competitive due to the medium-long term duration. The best 20-year annuity rates are currently offering monthly payments of approximately $550–$600 per $100,000 invested, depending on your age and whether it's single or joint life.

In terms of fixed growth over 20 years, multi-year guaranteed annuities (MYGAs) can also provide guaranteed compound interest around 5.00%–5.40%. These are a good option for those who don’t need immediate income but want a long-term, low-risk investment vehicle.

FINAL THOUGHTS

Annuities can play an essential role in securing retirement income, and South Carolina residents have access to a wide range of competitive rates across various contract lengths. Whether you're investing $50,000 or $1,000,000, understanding how each annuity works—from 2-year fixed contracts to lifetime payout options—is key to making informed choices. Be sure to compare quotes, use calculator tools, and speak with a knowledgeable advisor to ensure your annuity strategy supports your long-term goals. With interest rates currently at attractive levels, now is a smart time to evaluate your annuity options.