Current Interest Rates for Annuities
With an annuity from Amica, you can build a plan for dependable retirement income. These annuities can be opened as a Flexible Premium Deferred Annuity (FPDA), Multi-Year Guaranteed Annuity (MYGA) or Single Premium Immediate Annuity (SPIA), depending on the way the contributions are made and how you plan to receive income.
Guaranteed annuity rates
Guaranteed rates apply to Flexible Premium Deferred Annuities, Single Premium Immediate Annuities and Multi-Year Guaranteed Annuities. The interest rate you earn will never fall below the guaranteed rate.
| State | Guaranteed rate5 |
|---|---|
| All States | 0.15% |
There’s more to learn about annuities
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Annuities FAQs
Yes. If your annuity was funded with pre-tax dollars, the entire withdrawal is taxable. For annuities funded with after-tax dollars, only the interest is taxable.
You can choose how often to receive payments – monthly, quarterly, semiannually or annually – based on your needs.
Unlike 401(k)s and IRAs, which are typically offered through employers or financial institutions, annuities are issued by insurance companies. This gives them benefits like guaranteed income, protection from market loss and flexible payout options that traditional retirement accounts may not offer.
Annuities are a strong option for people nearing or in retirement who want guaranteed, steady income. They also work well for those looking to protect their savings, grow assets safely and benefit from tax-deferred growth over time.
Policies issued by Amica Life Insurance Company. NAIC No. 72222.
Not available in all states. Before purchase of an annuity, you should consult with your tax advisor to ensure that you have selected the best options for your retirement. Guaranteed returns are based on claims-paying rating of your insurer. Fixed annuities are not insured or guaranteed by any agency that insures deposits.
Standard form number ICC21 MYGA-01
Standard form number ICC22 FPDA-01
Standard form number SPIA 01-01
Guaranteed rates subject to government regulations and/or policy limitations.