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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.
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How we scored them
Income Options84/100
Financial Strength78/100
Fees & Costs82/100
Flexibility79/100
Customer Service76/100
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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
- No variable annuity or SPIA products in current portfolio
- 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
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What you could receive
Estimated guaranteed lifetime income based on a single premium payment. Actual rates may vary.
| Investment | Age | Monthly | Annual | Guarantee |
|---|---|---|---|---|
| $100,000 | 60 | $510 | $6,120 | Lifetime |
| $250,000 | 65 | $1,430 | $17,160 | Lifetime |
| $500,000 | 65 | $2,860 | $34,320 | Lifetime |
| $1,000,000 | 70 | $6,540 | $78,480 | Lifetime |
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Fee schedule
| Fee type | Amount | Description |
|---|---|---|
| Annual Contract Fee | $0 | No annual maintenance fee on base MYGA or FIA contracts |
| Income Rider Fee | 0.50% - 1.50% | Annual fee on Synergy Choice Income products; 0.50% before income activation, 1.50% after |
| Surrender Charge | Varies by product | Declining schedule typically 9% in year 1 down to 0% by year 7-10 depending on product |
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Early withdrawal penalties
Charges apply to amounts above the annual free withdrawal (typically 10%).
| Yr 1 | Yr 2 | Yr 3 | Yr 4 | Yr 5 | Yr 6 | Yr 7 | Yr 8 | Yr 9 | Yr 10 |
|---|---|---|---|---|---|---|---|---|---|
| 9% | 9% | 8% | 7% | 6% | 5% | 4% | 3% | 2% | 0% |
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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
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Frequently asked questions
Is Aspida a good annuity company?
Aspida earns an average rating of 3.9/5 across the 25 products we've reviewed, with an AM Best rating of A- and S&P rating of Not Rated. Their financial strength is rated "Good" with $30+ Billion in total assets. Aspida is particularly strong in overall value.
How much income can I get from a Aspida annuity?
Income depends on your investment amount and age. For example, a $500,000 investment at age 65 could generate approximately $34,320 per year in guaranteed lifetime income. A $250,000 investment at the same age could generate about $17,160 per year.
What are the fees for Aspida annuities?
Aspida charges Annual Contract Fee: $0, Income Rider Fee: 0.50% - 1.50%, Surrender Charge: Varies by product. Notably, there is no annual contract fee on the base contract, which is a competitive advantage.
What is the surrender period for Aspida annuities?
Aspida annuities typically have a 10-year surrender period. Charges start at 9% in year one and decline to 0% in the final year. Most products allow 10% annual free withdrawals without penalty.