Today, Weiss Ratings released its annual 10 Best Variable Annuity list. To help consumers sort through the many variable annuity choices, Weiss Ratings reviewed over 155,000 annuity offerings to find the 10 best low-cost variable annuity products.
April 10, 2014 (Newswire.com) - Today, Weiss Ratings released its annual 10 Best Variable Annuity list. To help consumers sort through the many variable annuity choices, Weiss Ratings reviewed over 155,000 annuity offerings to find the 10 best low-cost variable annuity products.
Weiss Ratings looked for variable annuities with no initial sales charge also known as a front-end load, below average costs, a wide selection of mutual fund subaccounts with good performance, issued by insurance companies with a Weiss Financial Strength Rating of A (excellent), B (good) or C (fair).
The Best Low-Cost Variable Annuities - 2014
Variable Annuity/Name of Insurer
Discover Premier (Q) - 0.50/Pruco Life Insurance Co
Discover Premier (Q) - 0.65/Pruco Life Insurance
Empire Fidelity Personal Ret H/Empire Fidelity Inv Life Ins Fidelity Personal Ret H Fidelity/Inv Life Ins Co
Retirement Advantage/Allianz Life Ins Co of NA
Retirement Pro/Allianz Life Ins Co of NA
TIAA Access 1/Teachers Ins and Annuity
TIAA Access 2/Teachers Ins and Annuity
TIAA Access 3/Teachers Ins and Annuity
Vanguard Variable Annuity/Monumental Life Ins Co
Data source: Weiss Ratings. Morningstar Principia Pro 2013 fund data and performance. Weiss Financial Strength rating is based on Q3 2013 data; A=Excellent; B=Good; C=Fair; D=Weak; E=Very Weak; Plus sign=top of grade range; Minus sign=bottom of grade range. Note: List is in alphabetical order.
Consumers can also find the 2014 Weiss Ratings lists of Best Variable Annuities with Guaranteed Withdrawal Benefits and Worst Variable Annuities at WeissRatings.com. (http://weissratings.com/ratings/best-and-worst-variable-annuities.aspx)
About Weiss Ratings
Weiss Ratings is the nation's leading independent provider of financial strength ratings on U.S. and global banks, credit unions and insurance companies as well as sovereign debt ratings. It also distributes independent investment ratings on publicly traded companies, mutual funds, and ETFs. Weiss accepts no payment or other compensation for its ratings from rated institutions. WeissRatings.com is a destination site to help consumers and professionals make informed financial decisions.
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SOURCE Weiss Ratings, LLC