5 Best Annuity Companies In the US

2. Oxford Life

AM Best Rating: A (Excellent)

Oxford Life was founded in 1965 as an insurance company falling under U-Haul Holding, its parent organization. The company is based in Phoenix, Arizona. The company offers life insurance policies with no medical exams required and immediate approval for insurance applications during a customer’s point-of-sale interview.

The company is considered to be one of the best annuity companies in the US because of its single-premium policies and Medicare supplement coverage. Oxford Life also has excellent third-party ratings. For instance, AM Best has an overall rating of A (Excellent) on the company as of 2023. This signifies the company’s sound financial performance and strong claims reliability.

Oxford Life had about $2.9 billion in assets and $230.2 million in capital and surplus as of 2023. The company’s top business lines are annuities, life insurance, and insurance for accidents and health. These categories make up 80.52%, 13.32%, and 6.16% of the company’s business, respectively. For MultiSelect, Oxford Life offers rates of 4.95% for eight and nine-year fixed annuities and a rate of 5% for its 10-year fixed annuity as of January 2023.