Table Of Contents
3.5
Annuity.org Star Rating
Key Company Metrics

AM Best Rating: A- (Excellent)

Years in Business: 4 years

Direct Premiums Sold: $3.9 million

Product Availability: Fixed, Indexed

“Aspida is easy to work with and offers competitive MYGA rates. Their digital process is simple and fast.”

– Annuity.org Agent Poll Insight

Aspida Product Types & Features

When it comes to types of annuities, Aspida’s offerings are limited to fixed and fixed index annuities. The upside is that the company provides numerous versions of those products, each with its own advantages that help it cater to different types of customers.

Fixed Annuities

Aspida offers multi-year guaranteed annuities (MYGAs), which all share some similarities.

Each MYGA is available in terms of two, three, five or seven years, has a minimum of $25,000 and a maximum of $1,000,000. These products also allow your money to grow tax-deferred at a guaranteed rate.

The first of these products is the Aspida Advisory MYGA, which, on top of the standard benefits of opting for a MYGA, offers fairly customer-friendly surrender rates and includes nursing home and terminal illness waivers.

It’s a good choice if you want a low-risk and straightforward way to grow your money.

The Synergy Choice MYGA includes some unique features, such as free interest withdrawal, which allows you to set up regular withdrawals of the interest that your annuity earns. Like Aspida’s other MYGA offerings, you can withdraw up to 10% of your contract with no penalty after the first year.

Aspida’s final fixed annuity offering is the WealthLock MYGA, which includes a combination of standard benefits found in the company’s other products, like the ability to withdraw up to 10% of the contract value after a year, along with terminal illness and nursing home waivers.

Who Aspida’s MYGAs Work Best For

Imagine three different retirees, each with slightly different priorities.

1. The Aspida Advisory MYGA — for stability and peace of mind
Janet, 68, just sold her home and wants to put part of the proceeds somewhere safe. She doesn’t want market risk, just predictable growth and easy access in case of health issues. The Advisory MYGA gives her guaranteed returns, straightforward terms, and the comfort of nursing home and terminal illness waivers.

2. The Synergy Choice MYGA — for income flexibility
Robert, 62, recently retired and wants some “fun money” while keeping his savings intact. The Synergy Choice MYGA lets him set up regular withdrawals of the interest his annuity earns, perfect for travel, hobbies, or small expenses without touching his principal.

3. The WealthLock MYGA — for balance and protection
Linda, 70, values steady growth but wants added flexibility in case of unexpected health costs. The WealthLock MYGA provides guaranteed returns, penalty-free withdrawals after year one, and strong health-related waivers, giving her both growth and peace of mind.

Side-by-Side Comparison of Aspida MYGAs

FeatureAdvisory MYGASynergy Choice MYGAWealthLock MYGA
Available Terms2, 3, 5, 7 years2, 3, 5, 7 years2, 3, 5, 7 years
Minimum / Maximum Premium$25,000 – $1,000,000$25,000 – $1,000,000$25,000 – $1,000,000
Guaranteed GrowthYes, tax-deferredYes, tax-deferredYes, tax-deferred
Penalty-Free WithdrawalsUp to 10% after year 1Up to 10% after year 1Up to 10% after year 1
Unique FeatureNursing home & terminal illness waiversFree interest withdrawal (set up as regular income)Nursing home & terminal illness waivers
Best FitRetirees wanting safe growth with health flexibilityRetirees wanting guaranteed growth + extra incomeRetirees who want balanced growth with protection features
Aspida myga Decision Guide:
  • If you want simple growth with health flexibility, consider Advisory MYGA.
  • If you want extra income you can spend today, consider Synergy Choice MYGA.
  • If you want growth plus added protection features, consider WealthLock MYGA.
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Fixed Index Annuities

Aspida offers a large range of fixed index annuities, with four products available to customers. This includes three base fixed index products and the WealthLock Accumulator.

Aspida’s Fixed Index Annuities

  • Synergy Choice Max
  • Synergy Choice Bonus
  • Synergy Choice Income
  • WealthLock Accumulator

Each of the Synergy Choice products is available in terms of either five or 10 years. The Synergy Choice Max is the base product, with standard perks such as nursing home/terminal illness riders, while Synergy Choice Bonus includes the ability to earn a 10% bonus on your initial premium.

On the other hand, Synergy Choice Income does not offer a bonus but includes a built-in guaranteed lifetime withdrawal benefit.

The WealthLock Accumulator is focused on accumulation and is available in terms of seven or 10 years.

Who Aspida’s Fixed Index Annuities Work Best For

1. Synergy Choice Max — for straightforward protection
David, 65, wants to keep part of his savings protected while still having the chance to earn more than a fixed rate. He’s not looking for bells and whistles, just a reliable product with health-related safeguards. The Synergy Choice Max works well because it’s Aspida’s base FIA option: it protects his principal, offers potential growth linked to an index, and includes nursing home and terminal illness riders for extra peace of mind.

2. Synergy Choice Bonus — for a head start on growth
Maria, 60, just rolled over funds from an old 401(k). She likes the idea of a guaranteed boost right away. The Synergy Choice Bonus fits because it offers a 10% bonus on her premium, helping her grow her account value faster. For Maria, that bonus provides immediate momentum toward her retirement goals.

3. Synergy Choice Income — for guaranteed lifetime income
Steven, 67, is worried about outliving his money. He doesn’t care about upfront bonuses as much as he cares about steady income that lasts for life. The Synergy Choice Income annuity is built for him — it comes with a guaranteed lifetime withdrawal benefit (GLWB), giving Steven predictable income no matter how long he lives.

4. WealthLock Accumulator — for long-term growth potential
Angela, 58, has another decade until retirement. She wants to grow her nest egg but doesn’t want to risk market losses. The WealthLock Accumulator is designed for her because it focuses on accumulation, with terms of seven or 10 years, offering more time for her money to potentially grow while keeping her principal safe.

Side-by-Side Comparison of Aspida’s Fixed Index Annuities

FeatureSynergy Choice MaxSynergy Choice BonusSynergy Choice IncomeWealthLock Accumulator
Available Terms5 or 10 years5 or 10 years5 or 10 years7 or 10 years
Principal ProtectionYesYesYesYes
Unique FeatureBase FIA with health riders10% upfront bonus on premiumBuilt-in guaranteed lifetime withdrawal benefit (GLWB)Focused on long-term accumulation
Health-Related WaiversNursing home & terminal illnessNursing home & terminal illnessNursing home & terminal illnessNursing home & terminal illness
Best FitRetirees wanting straightforward protectionThose seeking an upfront growth boostRetirees focused on guaranteed lifetime incomePre-retirees seeking tax-deferred accumulation
Aspida fia Decision Guide:
  • If you want straightforward protection, choose Synergy Choice Max.
  • If you want an upfront boost to your account, choose Synergy Choice Bonus.
  • If you want guaranteed lifetime income, choose Synergy Choice Income.
  • If you want to grow your savings for retirement down the road, choose WealthLock Accumulator.

Explore the Best Rates from Aspida

Choosing an annuity can feel overwhelming, so we’ve simplified things by showing you Aspida’s top three current rates. These options represent the strongest yields available today, giving you a clear starting point as you think about how to turn your savings into steady retirement income.

Term Product AM Best Rating Rate
5 Years WealthLock MYGA Plus A- 5.60 %
7 Years WealthLock MYGA Plus A- 5.65 %
7 Years Synergy Choice MYGA A- 5.60 %
Source: Cannex
Annuity.org rates component in mobile phone mockup

Buy an Annuity From Aspida Today

Like what you see? Let us help you select the Aspida product that fits your needs.

If you’d like to see how different Aspida products stack up against each other, our comparison tool makes it easy. You can explore contract lengths, guarantees, and payout options side by side — all in plain language — so you can feel confident you’re selecting the product that best matches your retirement goals.

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Product
Guarantee Period
Surrender Period
AM Best Rating

Synergy Choice MYGA

5.15% 3 Years 3 Years

A-

Synergy Choice MYGA

5.50% 5 Years 5 Years

A-

Synergy Choice MYGA

5.40% 5 Years 5 Years

A-

Synergy Choice MYGA

4.75% 2 Years 2 Years

A-

Synergy Choice MYGA

5.30% 5 Years 5 Years

A-

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Customer Satisfaction and Complaint History

Due in part to the company’s youth, there is less customer satisfaction data available than for some of the larger and older legacy providers.

The company was not featured in the 2022 or 2023 editions of the J.D. Power Customer Satisfaction Index Ranking, which measures the overall customer satisfaction of annuity providers.

Aspida has a perfect NAIC Complaint Index Score (meaning no customers have filed complaints) but has a much smaller and more recent footprint in the annuity space than other providers.

The NAIC (National Association of Insurance Commissioners) tracks the consumer complaints that each state’s insurance commission receives each year. These are used to compile a company’s NAIC Complaint IndexNAIC Complaint IndexDetermined by dividing the company’s share of complaints in the U.S. market by the company’s share of premiums in the U.S. market. The National Complaint Index is always 1.00, so a score of 2.00, for example, is twice as high as expected in the market..

NAIC Complaint Index for Aspida

All Policy Types0
Individual Annuities Only0

*These numbers indicate that Aspida receives fewer complaints than the industry average for all insurance policy types and individual annuities specifically.

Manage Your Aspida Annuity Online

You can easily access your account online to review contract details, track performance, and manage your annuity from anywhere. Logging in is the fastest way to stay up to date on your policy and make the most of your retirement plan.

Already an Aspida customer?

Log into your account or connect with customer service at 1 (833) 4-ASPIDA.

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Last Modified: September 3, 2025
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