Recognition by J.D. Power
USAA ranked #1 in Customer Satisfaction among Annuity Providers and Most Trusted in the J.D. Power 2024 U.S. Individual Annuity Study. See note 1
What’s an annuity?
Annuities help protect against the risk of you outliving your money.
They generally come in two forms — deferred and immediate. Learn which one might be best for your situation.
Why choose USAA Life Insurance Company for an annuity?
We've been providing insurance products and services for more than sixty years. And we're built around the core values of service, loyalty, honesty and integrity. Here's more of what you can expect from us.
Our Retirement Income Specialists
We're here to help you find the annuity that best fits your retirement plan.
Our USAA Retirement Income Specialists have the knowledge and insights to help you enjoy your retirement. They don’t work on commissions, and they can offer a complimentary review of your retirement outlook.
They'll help educate you about:
- Retirement goals.
- Income sources.
- Expenses and debt.
- 401(k)s, IRAs and other assets.
- Insurance and coverage limits.
You can get ready for your conversation using our retirement planning worksheet (Opens in a New Window).
Financial strength
The USAA Life Insurance Company maintains top-tier grades from all three key rating agencies. That includes the highest possible from A.M. Best and the second-highest possible from both Moody's Investor Service and S&P Global. See note 2
Commitment to the military
USAA ranks #1 on the Military Friendly® Company 2024 list.
Annuities FAQ
It depends on the annuity you have and the funds you use to buy it.
Immediate annuities
If you buy your annuity with pretax funds, then you'll pay federal income tax on all your payouts.
But if you buy it with after-tax funds, the IRS recognizes you've already paid taxes on that money. In that case, you'll only pay federal income tax on the portion of your payouts that's considered earnings. You won't pay taxes on the principal.
Deferred annuities
One benefit of saving in a deferred annuity is that your money grows tax deferred. Once you withdraw money from the annuity, the earnings will be taxable.
Though people often think about annuities as investments, they're actually insurance products. Insurance is all about transferring risk to someone else. When you buy an annuity, you essentially transfer the risk of outliving your money to a life insurance company.
You can add a beneficiary for a deferred annuity. If you die during your annuity term, they’ll receive the money.
You have a couple options if you have an immediate annuity.
- Choose a joint annuitant who’ll continue to receive your annuity benefits.
- Add a beneficiary and choose a guaranteed number of years to receive payments. If you die before you receive all guaranteed payments, your beneficiary will receive the remaining amount.
Get help settling an annuity.
Surviving the loss of a loved one involves many challenges and decisions. Our Survivor Relations team can be there for you during this difficult time.
We can help beneficiaries file an annuity claim and provide guidance on how to handle an estate.
