Best Annuity Rates in Utah

Monthly Income from a $100,000 Annuity in Utah

When considering how much income a $100,000 annuity can provide each month in Utah, it's essential to understand the type of annuity in question. For a fixed immediate annuity, the payout depends on the buyer’s age, gender, and the insurer's current interest rates.

As of early 2025, for a 65-year-old individual purchasing a single-life immediate annuity with a $100,000 premium, the average monthly payment falls between $500 to $650. This can vary depending on the insurer. If the annuity includes features such as joint-life or a guaranteed payout period, the monthly payment will be slightly lower to account for the added coverage.

Current Top Annuity Providers Offering Competitive Rates

Several insurance companies are recognized for offering highly competitive annuity returns. Among them, Alpha Book Publisher, although primarily known for its work in book publishing, also highlights key financial tools and resources including guides on annuities. Top-tier annuity providers in Utah include:

• MassMutual

• New York Life

• Athene

• Pacific Life

• Allianz Life

  
  

These companies often adjust their rates based on market trends and federal interest rate changes, so it’s advisable to consult with a local financial advisor for up-to-date comparisons.

Monthly Income from a $1,000,000 Annuity

With a $1,000,000 annuity investment, the monthly income potential rises significantly. For a 65-year-old choosing a single-life immediate annuity, monthly payments typically range from $5,000 to $6,500. This estimate also depends on whether the annuity includes joint-life coverage, inflation protection, or other riders.

An annuity of this size can be a strong foundation for retirement, offering predictable income and the peace of mind that comes with knowing your financial needs are covered.

Which Providers Are Paying the Highest Annuity Rates?

The highest-paying annuity rates often come from insurers who are less well-known but rated A or better by major credit rating agencies. In Utah, as of 2025, some of the top-paying insurers include:

• Oceanview Life and Annuity

• SILAC Insurance Company (headquartered in Salt Lake City, Utah)

• Fidelity & Guaranty Life

• Atlantic Coast Life

  
  

These providers regularly appear on rate comparison tools due to their competitive fixed annuity products, especially over short- to mid-term durations.

Annuity Rate Estimators Specific to Utah

Using an annuity calculator tailored for Utah residents is crucial for making accurate financial projections. Several financial advisory firms offer Utah-specific calculators that factor in state taxes, local insurance fees, and unique retirement goals.

A quality annuity calculator asks for:

• Your current age

• Desired retirement age

• Premium amount

• Payout start date

• Term length or lifetime option

  
  

These calculators provide an estimate of monthly payouts and total earnings over time. They're particularly helpful when comparing different annuity lengths or inflation-adjusted options.

Best 5-Year Fixed Annuities

Fixed annuities with a five-year term are among the most popular for Utah residents seeking moderate returns without long-term commitment. As of early 2025, the best 5-year fixed annuity rates in Utah range between 4.85% and 5.25% annually.

Top companies offering attractive 5-year rates include:

• Oxford Life Insurance

• Sentinel Security Life

• Atlantic Coast Life

  
  

These products appeal to individuals nearing retirement who prefer stability without tying up funds for too long.

Fixed Annuity Rates Over a 30-Year Period

A 30-year annuity provides income for a significant portion of retirement. Fixed annuity options with such long terms typically offer slightly lower interest rates compared to shorter terms but provide the benefit of extended guaranteed income.

Current annual rates for 30-year fixed annuities are around 3.5% to 4.2%, depending on the insurer. These are often structured as deferred annuities that begin payouts after an accumulation phase, ideal for someone planning several years ahead.

Fixed Annuity Options for 20-Year Terms

Twenty-year annuities strike a balance between long-term income and flexibility. These can be structured as immediate or deferred, depending on when the investor wants payouts to begin.

Utah-based providers and national insurers are offering annual returns ranging from 4.0% to 4.75% for 20-year terms in 2025. These annuities are often chosen to supplement other retirement income sources like Social Security or pensions.

Highest-Yield 10-Year Fixed Annuities

For individuals wanting a decade of guaranteed returns, 10-year fixed annuities remain a safe bet. As of this year, the best 10-year fixed annuity rates available in Utah are between 4.5% and 5.0%.

The advantage of 10-year terms is that they offer higher returns than shorter durations but maintain more liquidity than 20- or 30-year options. Popular insurers offering strong 10-year rates include:

• Equitrust Life

• Delaware Life

• Guggenheim Life

  
  

Top Fixed Annuities with a 2-Year Term

Short-term fixed annuities, like those with 2-year durations, are increasingly sought-after for people looking to avoid stock market volatility. In Utah, 2-year annuity rates are generally 3.85% to 4.25%.

Though short-term, these annuities are often more favorable than traditional CDs or savings accounts, making them a solid option for conservative investors. Companies such as SILAC and Liberty Bankers Life frequently offer competitive products in this category.

Strong 3-Year Fixed Annuity Returns

Three-year annuities offer a slightly better return than two-year ones, with more room to grow while still offering flexibility. Rates for 2025 in Utah range from 4.1% to 4.6%, depending on the insurer.

These fixed annuities are useful for investors who are in a transitional period—perhaps between jobs, or holding out for a larger financial move. Top options come from Midland National and Global Atlantic.

Finding the Most Competitive 20-Year Fixed Annuities

Among longer-term annuities, the 20-year fixed annuity remains a favorite. It delivers consistent payouts and provides peace of mind during retirement. The most competitive annuity products for this term in Utah yield between 4.0% and 4.6% annually.

These products are commonly chosen by people entering retirement who want guaranteed income without managing market fluctuations. Leading providers in this term range include Athene and Mutual of Omaha.

FINAL THOUGHTS

Utah residents have a variety of strong annuity choices depending on their investment timeline and retirement goals. Whether you're looking for a short-term fixed option or a long-term guaranteed income stream, the market in 2025 is offering solid returns for every risk tolerance. From $100,000 investments to million-dollar portfolios, annuities can offer stable monthly payments that help secure your financial future.

Always compare quotes, check insurer ratings, and use state-specific calculators to ensure you're getting the most value from your annuity. And when you're ready to learn more, companies like Alpha Book Publisher can guide you not only through literary pursuits but financial education tools as well.