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About American Century
American Century Life Insurance Company is a regional MYGA specialist based in Texas. Founded in 1940, American Century focuses on fixed annuities and multi-year guaranteed products. While smaller than legacy national carriers, they are known for competitive guaranteed rates and unusually broad issue age ranges that make their products accessible to younger savers and retirees up to age 90.
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How we scored them
Income Options65/100
Financial Strength68/100
Fees & Costs85/100
Flexibility78/100
Customer Service72/100
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The tradeoffs
What works
- Competitive guaranteed rates across 3-7-10 year terms
- Low $2,000 minimum premium (among the lowest in MYGA space)
- Unusually broad issue age range of 0–90
- Optional riders for rate/flexibility customization
- Clean, straightforward MYGA structure with no hidden complexity
What to watch
- B++ A.M. Best rating is below the A- to A+ range most MYGA competitors carry
- Smaller carrier with less brand recognition than national players
- Market value adjustment applies to early withdrawals
- Not available in all states
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Best fit for these buyers
Rate-focused MYGA shoppers comfortable doing carrier due diligence
Buyers seeking low entry minimums ($2,000 or less)
Savers with broad age ranges (American Century accepts ages 0–90)
Investors diversifying across multiple MYGA carriers for competitive rates