Is Ibexis a Good Insurance Company?
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Is Ibexis a good insurance company? At Diversified Insurance Brokers, we partner with top-rated carriers to help retirees and pre-retirees secure guaranteed income, protect their savings, and make confident retirement decisions. Ibexis Life & Annuity Insurance Company has become a notable choice in the fixed annuity marketplace, offering competitive interest rates, flexible terms, and strong guarantees for those seeking safe and predictable retirement income. Here’s an in-depth look at their strengths, products, and who they may be right for.
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About Ibexis Life & Annuity Insurance Company
Ibexis specializes in fixed annuity products designed to protect principal, provide competitive growth, and deliver guaranteed income. As a U.S.-based insurer, they focus on offering multi-year guaranteed annuities (MYGAs) and other safe-money solutions that appeal to conservative investors, pre-retirees, and retirees seeking stability in uncertain markets.
Popular Ibexis Products
- Multi-Year Guaranteed Annuities (MYGAs): Offers fixed interest rates for a set term, ensuring steady, predictable growth.
- Fixed Annuities with Lifetime Income: Converts a portion of savings into guaranteed paychecks for life.
- Shorter-Term MYGAs: Flexible durations for those who want competitive rates without locking up funds for a decade.
Who Ibexis Is a Good Fit For
- Conservative savers seeking guaranteed returns
- Retirees looking to lock in today’s interest rates
- Those needing guaranteed lifetime income options
- Investors wanting predictable, tax-deferred growth
Pros of Ibexis
- Competitive MYGA interest rates
- Strong principal protection
- Tax-deferred growth on earnings
- Income options for retirement security
Considerations
- Focuses primarily on fixed annuity products — limited variety beyond that
- Rates and availability vary by state
Our Take
At Diversified Insurance Brokers, we view Ibexis as a strong choice for retirees and pre-retirees who want the security of guaranteed rates and income. Their MYGAs are among the most competitive in the market, making them appealing for locking in predictable returns while avoiding market volatility. When paired with a lifetime income option, Ibexis products can form a reliable foundation for retirement income planning.
FAQs: Is Ibexis Life & Annuity a Good Insurance Company?
What is Ibexis’s financial strength rating?
Ibexis holds an A- (Excellent) rating from AM Best, with a stable outlook.
How long has Ibexis been in business and what is its history?
Founded in 1937 as Sunset Life Insurance Company of America, Ibexis was rebranded in 2022 after a change in ownership and a focus on fixed annuities.
Which products does Ibexis specialize in?
Ibexis specializes in fixed annuities: MYGAs (multi-year guaranteed annuities) and fixed indexed annuities (FIAs). Offerings include MYGA Plus, FIA Plus, and newer lines such as the WealthDefender™ series.
Where is Ibexis licensed and available?
Ibexis is licensed in many states (generally reported in the low-to-mid 40s) plus Washington, D.C. Availability varies by state based on regulatory approvals.
What are some strengths of choosing Ibexis?
Strengths include solid financial strength (A-), competitive MYGA rates, straightforward modern product design, emphasis on principal protection, and institutional backing that supports capital management.
What are possible drawbacks or things to watch out for?
Potential drawbacks include limited income-for-life options or GLWB riders on some products, varying availability by state, a narrower product menu than larger carriers, and mixed views on long-term profitability metrics.
Disclaimer: Product availability, features, rates, and ratings can change. This is educational material—not financial, legal, or tax advice.
