About Aspida
Aspida Life Insurance Company is a modern annuity provider backed by Ares Management, one of the world's largest alternative asset managers with approximately $550 billion in assets under management. Founded in 2021, Aspida has quickly built a competitive lineup of fixed, fixed indexed, and income-focused annuities distributed through multiple channels including independent agents, banks, and fee-based advisors. The carrier focuses on innovative crediting strategies and rate competitiveness across its product portfolio.
The tradeoffs
What works
- Backed by Ares Management, one of the world's largest alternative asset managers
- Innovative index crediting strategies including QuarterLock and alternative indices
- Competitive rates across MYGA lineup, particularly in the 7-year term
- Multiple distribution channels: agent, bank, and advisory (RIA) for broad accessibility
- Generous income rider benefits including Enhanced Nursing Home Multiplier on income products
What to watch
- Young carrier with limited track record (founded 2021) and lower Comdex score of 57
- Not available in New York or North Carolina: major market limitations
- Some complex index strategies and premium bonus structures require investor education
- Limited geographic reach compared to legacy carriers
Income rider fees
Disclosed charges for optional riders on Aspida products, live from Annuity Rate Watch. Product-level detail is on each review.
| Rider | Product | Fee |
|---|---|---|
| Synergy Choice Income Guaranteed Lifetime Income Benefit Rider | Synergy Choice Income | 0.50% annually (1.50% max) |
Best fit for these buyers
Investors seeking competitive guaranteed rates from a modern, tech-forward carrier
Accumulation buyers who want innovative index crediting strategies like QuarterLock
Retirees in states outside NY and NC who need built-in lifetime income protection
Ages 50-75 planning retirement who value Ares Management's financial backing
Frequently asked questions
Is Aspida a good annuity company?
We have reviewed 11 Aspida products, and A.M. Best rates the carrier A- for financial strength. We describe its financial position as "Good" with $30+ Billion in total assets.
What are the fees for Aspida annuities?
Fee structures vary by product. Optional income riders on Aspida products carry disclosed charges, for example Synergy Choice Income Guaranteed Lifetime Income Benefit Rider (Synergy Choice Income): 0.50% annually (1.50% max). See each product review for the full fee detail.
What is the surrender period for Aspida annuities?
Surrender periods on Aspida's current lineup run 2–10 years, depending on the product. Most products allow an annual free-withdrawal amount before charges apply. The product table above shows each product's surrender length, and each review covers the exact schedule.