Accumulation · By goal
Compare accumulation annuities
Compare annuities designed for growth by current S&P cap rates, participation rates, and historical index consistency — all while keeping principal protection in mind. Fixed indexed annuities are generally positioned as long-term, tax-deferred products that can offer growth potential with downside protection, subject to contract terms.
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- Growth-focused comparisons
- Built for pre-retirees & retirees
- State-specific availability
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Growth annuities available right now
Accumulation-focused fixed indexed annuities and MYGAs from our reviewed lineup. Filter by your state, age, term, and carrier strength — the cap figure is the best current S&P 500 annual point-to-point cap rate.
| Product | Type | A.M. Best | Term | Issue ages | S&P 500 cap | Rating | |
|---|---|---|---|---|---|---|---|
| ClearLine Annuity Security Benefit | FIA | A- | 0-yr | 0-80 | 12.25% | ★ 4.3 | View → |
| ForeAccumulation II 7-Year with Growth Accelerator (Morgan Stanley) Forethought | FIA | A | 7-yr | 0-85 | 12% | ★ 3.9 | View → |
| Index Protector 5 MVA (Raymond James) MassMutual Ascend | FIA | A++ | 5-yr | 0-89 (qualified/non-qualified); 0-75 (inherited IRA/inherited non-qualified) | 12% | ★ 3.8 | View → |
| Index Protector 5 MVA (Truist) MassMutual Ascend | FIA | A++ | 5-yr | 0-89 (qualified/non-qualified); 0-75 (inherited IRA/inherited non-qualified) | 12% | ★ 3.8 | View → |
| Index Protector 5 MVA (Wells Fargo) MassMutual Ascend | FIA | A++ | 5-yr | 0-89 (qualified); 0-89 (non-qualified); 0-75 (inherited IRA); 0-75 (inherited non-qualified) | 12% | ★ 3.8 | View → |
| American Equity AssetShield 10 American Equity | FIA | A | 10-yr | 18–80 | 11.75% | ★ 3.9 | View → |
| Strategic Growth Annuity Security Benefit | FIA | A- | 10-yr | 0-80 | 11.75% | ★ 3.9 | View → |
| American Equity AssetShield 9 American Equity | FIA | A | 9-yr | 18–80 | 11.75% | ★ 3.8 | View → |
| American Equity AssetShield 7 American Equity | FIA | A | 7-yr | 18–85 | 11.25% | ★ 4.0 | View → |
| Strategic Growth Annuity 7 Security Benefit | FIA | A- | 7-yr | 0-85 | 11.25% | ★ 4.0 | View → |
| ForeAccumulation II 5-Year with Growth Accelerator (Morgan Stanley) Forethought | FIA | A | 5-yr | 0-85 | 11.25% | ★ 3.9 | View → |
| ForeAccumulation II 10-Year with Growth Accelerator (Morgan Stanley) Forethought | FIA | A | 10-yr | 0-85 | 11% | ★ 3.9 | View → |
What is an accumulation annuity
An accumulation annuity is designed primarily to help grow retirement assets over time rather than maximize immediate income. For many pre-retirees and retirees, that means comparing products based on upside potential, principal protection, tax deferral, and how much flexibility they keep if plans change.
Fixed indexed annuities are commonly used for this purpose because they link interest crediting to an external index while protecting against direct market losses, subject to contract terms and insurer claims-paying ability. Many people nearing retirement still want growth but do not want full market risk with money they may need in the next several years — the tradeoff is that gains are usually limited by caps, participation rates, spreads, or strategy rules.
Keep the history honest
Historical index performance is not the same thing as future credited annuity returns. Some custom indexes include volatility controls or other mechanics that affect how they behave.
Newer or engineered indexes can have special design features and limited live histories.
Cap rates vs. participation rates vs. index consistency
A product can look attractive because of today's cap rate, while another may stand out because of its participation-rate strategy or steadier index history. Those are related, but they are not the same thing.
S&P cap rates
Participation rates
Index consistency
What to compare before choosing
Current S&P cap rate
How competitive is the current S&P 500 cap compared with other products? This can vary a lot by carrier and premium band.
Current participation rate
Does the product offer strong participation rates on a custom index or risk-controlled strategy?
Index type
Is the strategy tied to the S&P 500, a volatility-controlled equity index, or a broader multi-asset custom index?
Recent index consistency
How has the underlying index behaved over trailing 1-, 2-, and 3-year periods? Historical index information only, not a promise of future credits.
Live history vs. new index
Some newer indexes may not yet have a full live 3-year track record, so a full live-history comparison may not yet be possible.
Term, premium band & state
Rates can change based on term length, deposit size, state, and sometimes distribution channel or firm variation.
Who this is for
This page may be helpful if you want to:
- Compare annuities built for long-term growth rather than immediate income
- See which products currently offer stronger S&P cap rates
- Compare participation-rate strategies tied to custom indexes
- Review recent index consistency across 1-, 2-, and 3-year periods
- Narrow down growth-focused options before requesting a personalized quote
Michael wanted growth without full market risk
Michael, 61, was five years from retirement. He was interested in comparing annuities with stronger current S&P cap rates, but also wanted to see whether some products offered better long-term potential through higher participation rates or indexes with steadier recent performance.
By comparing current rates and index history side by side, he could focus on the accumulation options that fit his timeline and comfort level.
Best for
Pre-retirees repositioning savings into something more conservative than stocks without moving everything to a low-yield fixed account.
Ways to compare side by side
Each view below highlights a different way to evaluate growth-focused annuity options. The strongest option is not always the one with the single biggest number on a rate sheet.
Top current S&P cap rates
Compare accumulation annuities currently competing with stronger S&P 500 cap rates.
Top participation-rate strategies
Compare products offering strong participation rates on custom or risk-controlled indexes.
Recent index consistency snapshot
Review how available indexes have behaved over recent 1-, 2-, and 3-year periods. Historical index behavior does not guarantee future annuity credits.
Newer indexes with limited live history
Some newer indexes may look promising, but they do not yet have the same live history as older strategies.
Before choosing an accumulation annuity
A high cap rate or high participation rate can be attractive, but it is only one part of the picture. No single strategy performs best every year, and newer indexes may not yet have long live track records. Questions worth asking:
- Is the strategy tied to the S&P 500 or a custom index?
- Does the index use volatility controls or other mechanics?
- Is the rate guaranteed for one crediting term or longer?
- Is the historical data shown live performance, back-tested information, or a mix of both?
- Does the product have a full live track record, or is it based on a newer index?
Explore more
Cap, participation, and index figures are current snapshots for comparison and are not quotes or guarantees. Rates vary by product, term, premium band, and state and change frequently. Historical index performance is not a promise of future annuity credits. All guarantees are backed by the claims-paying ability of the issuing insurance company. This is educational information, not a recommendation.
Find which accumulation annuities may fit your goals
- Compare caps & participation rates
- Recent index consistency
- 100% free. No pressure.