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What are fixed annuities?

An annuity is a contract with an insurance company (like us!) that can grow your money tax-deferred and provide guaranteed income.

Getting started is straightforward.

One premium payment. Your selected term. And a rate you can count on for the full guaranteed period.

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Fund Your Contract

Make a single premium of $5,000 or more. No ongoing contributions required.

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Choose Your Term

Select 3, 5, 7, or 10 years — whatever fits your retirement timeline best.

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Watch It Grow

Your rate is locked in. Interest accumulates tax-deferred for the full term.

What benefits do annuities offer?

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    Predictability

    Annuities can provide a fixed income stream during retirement, helping ensure you can cover basic expenses. 

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    Protection

    Your principal contributions are protected from market downturns, limiting volatility. 

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    Guarantees

    Fixed interest rates offer certainty in how your money grows so there are no surprises.

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    Security

    Risk-averse investors are afforded a dependable way to save for retirement. 

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OUR PRODUCT

Our flagship product, the ReliAbility™ MYGA offers predictable growth, protection from market conditions, and tax-deferred interest — all with terms designed around your timeline.

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Product Details

Frequently Asked Questions

  • An annuity is a contract with an insurance company that lets you save money and grow it safely over time. In return, you get guaranteed payments in the future — often during retirement. Annuities are designed to help provide peace of mind by turning savings into predictable income.

  • A Multi-Year Guaranteed Annuity (MYGA) is a type of fixed annuity. You choose a time period (like 3, 5, or 7 years) and your money earns a guaranteed interest rate for that entire period. You’ll know exactly what you’re earning, which makes planning easier.

  • MYGAs often offer higher interest rates than savings accounts, and your money grows tax-deferred (you don’t pay taxes on the growth until you withdraw it). Unlike a bank account, annuities are designed specifically for long-term retirement savings.

  • Annuities grow tax-deferred, which means you don’t pay taxes on the interest until you withdraw the money. This allows your savings to compound faster over time. When you do take withdrawals, the money is taxed as ordinary income.

  • If you withdraw money before the end of your contract term, charges or market value adjustments may apply, which may adversely impact your savings. These rules are designed to reward long-term savers.

  • Yes. One of the benefits of annuities is that they can be structured to provide guaranteed income for a set period of time — or even for life. This helps cover basic living expenses and helps add peace of mind in retirement.

  • Fixed annuities (like MYGAs and FIAs) protect your principal and guarantee returns.

    Variable annuities invest in the stock market, which means your account value can go up or down. Ability focuses on fixed options for safety and predictability.

    Ability only offers fixed annuities.

  • With MYGAs, there are no annual fees — you simply earn the guaranteed interest rate.

  • You can purchase an annuity through Ability Insurance Company by working with one of our licensed agents. They’ll guide you through product options, explain terms clearly, and help you decide if an annuity fits your retirement plan. Visit the Contact page to begin the process.

  • Ability Insurance Company is owned by Mount Logan Capital (NASDAQ: MLCI). Ability combines the stability of a of an investment grade-rated life & annuity (re)insurer with the investment strength of owner, Mount Logan Capital. That means your savings are backed by both strong financial management and a commitment to serving everyday Americans.

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SUPPORT

Need help figuring out if an annuity is right for you?

Our team is standing by ready to answer your questions.

Contact Us