Aspida Life Insurance Company

Aspida Life Insurance offers two types of annuity products in 48 states — fixed annuities and fixed index annuities. You cannot purchase one of Aspida’s annuity products if you live in New York or Connecticut. Learn about Aspida’s overall company ratings and annuity products to determine if they suit your financial needs.

Lindsey Crossmier, writer for
  • Written By
    Lindsey Crossmier

    Lindsey Crossmier

    Financial Writer

    Lindsey Crossmier is an accomplished writer with experience working for The Florida Review and Bookstar PR. As a financial writer, she covers annuities, structured settlements and other personal finance topics for

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    Savannah Hanson
    Savannah Hanson, financial editor for

    Savannah Hanson

    Senior Financial Editor

    Savannah Hanson is an accomplished writer, editor and content marketer. She joined as a financial editor in 2021 and uses her passion for educating readers on complex topics to guide visitors toward the path of financial literacy.

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    Timothy Li, MBA
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    Timothy Li, MBA

    Business Finance Manager

    Timothy Li, MBA, has dedicated his career to increasing profitability for his clients, including Fortune 500 companies. Timothy currently serves as a business finance manager where he researches ways to increase profitability within the supply chain, logistics and sales departments.

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  • Updated: April 26, 2023
  • 3 min read time
  • This page features 8 Cited Research Articles
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APA Crossmier, L. (2023, April 26). Aspida Life Insurance Company. Retrieved June 6, 2023, from

MLA Crossmier, Lindsey. "Aspida Life Insurance Company.", 26 Apr 2023,

Chicago Crossmier, Lindsey. "Aspida Life Insurance Company." Last modified April 26, 2023.

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Why You Can Trust has provided reliable, accurate financial information to consumers since 2013. We adhere to ethical journalism practices, including presenting honest, unbiased information that follows Associated Press style guidelines and reporting facts from reliable, attributed sources. Our objective is to deliver the most comprehensive explanation of annuities and financial literacy topics using plain, straightforward language.

Our Partnerships, Vision and Goals

We pride ourselves on partnering with professionals like those from Senior Market Sales (SMS) — a market leader with over 30 years of experience in the insurance industry — who offer personalized retirement solutions for consumers across the country. Our relationships with partners including SMS and Insuractive, the company’s consumer-facing branch, allow us to facilitate the sale of annuities and other retirement-oriented financial products to consumers who are looking to purchase safe and reliable solutions to fill gaps in their retirement income. We are compensated when we produce legitimate inquiries, and that compensation helps make an even stronger resource for our audience. We may also, at times, sell lead data to partners in our network in order to best connect consumers to the information they request. Readers are in no way obligated to use our partners’ services to access the free resources on carefully selects partners who share a common goal of educating consumers and helping them select the most appropriate product for their unique financial and lifestyle goals. Our network of advisors will never recommend products that are not right for the consumer, nor will Additionally, operates independently of its partners and has complete editorial control over the information we publish.

Our vision is to provide users with the highest quality information possible about their financial options and empower them to make informed decisions based on their unique needs.

About Aspida

Recently founded in 2021, Aspida is a newer life insurance company compared to other annuity providers. Aspida’s main goal is to provide fast, simple retirement solutions — like annuities — in today’s digital age. They’ve partnered with many professionals that have over 200 years of combined life insurance and annuity experience.

Aspida Life Insurance is backed by Ares Management Corporation, a leading global alternative investment manager. Ares oversees Aspida’s asset management, capital solutions and other development services. As of September 2022, Ares has $341 billion assets under management.

Aspida offers annuities in 48 U.S. states — excluding New York and Connecticut — and the District of Columbia. Their indirect subsidiary, Aspida Life Re Ltd., sells annuities globally. Aspida Life Re Ltd. is currently headquartered in Bermuda, a leading location for reinsurance business.

Aspida Contact Information

  • Aspida Life Insurance: 1+(833) 427-7432
  • Aspida Life Re Ltd.: 1+(441) 437-9450

Aspida Credit Ratings

Aspida has high financial strength ratings from two leading credit rating agencies — AM Best and KBRA. A life insurance company’s financial strength is rated based on the company’s ability to pay obligations under policies and contracts.

Aspida Ratings

Credit Agency Financial Strength Rating
AM Best A- (Excellent)
KBRA A- (Stable)

Annuity Products Offered by Aspida

Aspida offers two types of annuities — fixed annuities and fixed index annuities. There are three fixed annuities — WealthLock MYGA, Synergy Choice MYGA and Aspida Advisory MYGA — and two fixed index annuities — Synergy Choice Max and WealthLock Accumulator.

Consider your financial needs and the differences between each Aspida annuity before making a purchase.

Aspida’s Fixed Annuity vs. Fixed Index Annuity

Fixed Annuity Fixed Indexed Annuity
Growth Potential Guaranteed rates, typically higher than CDs Positive return based on selected indices
Beneficiaries Assets passed without probate Assets passed without probate
Principal Protection
Risk Level Low risk Medium risk
Tax Advantaged
Lifetime Income

Fixed Annuities

Aspida’s fixed annuities are all single premium deferred fixed multi-year guaranteed annuities (MYGA) with a two-to-seven-year guarantee period option. Your MYGA will grow tax-deferred and most offer flexibility to adjust for your current financial situation.

Aspida’s Fixed Annuities

  • Aspida Advisory MYGA
  • Synergy Choice MYGA
  • WealthLock MYGA

Aspida will allow you to make withdrawals from your fixed annuity to cover unexpected costs. After the first year, you can also access 100% of your contract value if you become confined to a nursing home and diagnosed with a terminal illness.

Fixed Index Annuities

Aspida offers two fixed index annuities – WealthLock Accumulator and Synergy Choice Max. They are single premium deferred fixed index annuities with seven-to-10-year contract options.

The WealthLock Accumulator offers protection to get a high rate of return that is tied to an indices’ performance, a fixed rate or both.

Equity Indices Available With the WealthLock Accumulator

  • S&P 500
  • Franklin Templeton
  • Janus Henderson Investors
  • Invesco

You can withdraw 10% of your cash value each year after your first year. Same as Aspida’s fixed annuities, you can also access 100% of your contract value if you become confined to a nursing home and diagnosed with a terminal illness.

If you want to learn about the WealthLock Accumulator’s interest crediting rates, Aspida has a PDF with rates available.

Interested in Buying an Annuity?

Learn about the different types of annuities and find out which one is right for you.

Client Resources

If you’ve already purchased an annuity from Aspida and have additional questions, log into their online portal to receive assistance. Other resources, like specific financial information, forms and submission databases will be available to streamline your process.

If you have a specific need, like filing a claim or general client support for your annuity, you should send an email instead.

Aspida Client Contact Information

Client Support
[email protected]
Claim Support
[email protected]

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Last Modified: April 26, 2023

8 Cited Research Articles writers adhere to strict sourcing guidelines and use only credible sources of information, including authoritative financial publications, academic organizations, peer-reviewed journals, highly regarded nonprofit organizations, government reports, court records and interviews with qualified experts. You can read more about our commitment to accuracy, fairness and transparency in our editorial guidelines.

  1. AM Best. (2022, April 1). AM Best Affirms Credit Ratings of Aspida Life Re Ltd., Assigns Credit Ratings to Aspida Life Insurance Company. Retrieved from
  2. Aspida Life Insurance Company. (n.d.). About Aspida. Retrieved from
  3. Aspida Life Insurance Company. (2022). Annuities. Retrieved from
  4. Aspida Life Insurance Company. (n.d.). Fixed Annuities. Retrieved from
  5. Aspida Life Insurance Company. (2022, September). This is Aspida. Retrieved from
  6. Aspida Life Insurance Company. (n.d.). WealthLock Accumulator. Retrieved from
  7. Aspida Re Ltd. (2022). Aspida Re. Retrieved from
  8. KBRA. (2022, May 24). KBRA Assigns Ratings to Aspida Holdings Ltd. and Its Insurance Operating Subsidiaries. Retrieved from