Does AARP Offer The Best Immediate Annuity Rates?

Written by Hersh Stern Updated October 4, 2016

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We have had a number of people contact us lately regarding a recent AARP mailer which advertised New York Life's high yearly payout rate on an immediate annuity. Everyone that has been in touch has had one question. Is this the best immediate annuity rate out there?

We did an annuity comparison and the answer is a resounding No!

You can see other well rated companies offer more money for your premium than New York Life does.

AARP Rate Comparison - As of March 5, 2018
Single Life Only Based On $100,000 Premium
Company Age 65 Male Age 65 Female Age 75 Male Age 75 Female
American National Life $ 545 $ 522 $ 737 $ 687
Lincoln National Life $ 537 $ 509 $ 744 $ 679
AARP - New York Life $ 538 $ 508 $ 722 $ 663

We offer annuities from New York Life, too. However, when we looked through our product offerings of other highly rated companies we discovered a number of them offered immediate annuities paying a higher interest rate.

Give Me A Quote That Beats AARP's Rate

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Simply enter your age, gender, select an income start date, and the dollar amount you have to invest. (If your want income paid over your and your spouse's lifetimes enter your spouse's age and gender, too.) Then click "Get My Quote." You'll instantly see an estimate of how much monthly income you can withdraw at your projected start date.

If you are in the market to purchase an immediate or a deferred income annuity be sure to get your free list of the top 10 quotes. By comparing rates you'll find the annuity with the highest income.

Click here to see the AARP website.

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Comments (2)

  1. MB:
    Apr 14, 2015 at 02:42 PM

    Are there comparisons of QLAC?

  2. Hersh Stern:
    Apr 14, 2015 at 03:03 PM

    Hi MB-

    Yes, you can get a free customized comparison for QLACs here: