Best SPIA Rates — July 2026
The best single premium immediate annuity payout this month: $664/month for a 65-year-old man per $100,000 — up 5.1% since May 2026.
Best Monthly Payout by Age (July 2026)
Highest quote among the 8 A-rated carriers we track, per $100,000 premium, life-only payout (joint = 100% survivor benefit).
| Age | Male | Female | Joint (Couple) |
|---|---|---|---|
| 55 | $575/mo | $558/mo | $511/mo |
| 60 | $618/mo | $597/mo | $546/mo |
| 65 | $664/mo | $635/mo | $583/mo |
| 70 | $754/mo | $704/mo | $659/mo |
| 75 | $882/mo | $805/mo | $765/mo |
| 80 | $1059/mo | $975/mo | $905/mo |
SPIA Rate Trend: 2026
We track the best available quote for a 65-year-old (life only, per $100,000) every time carriers reprice. The trend through 2026 so far:
| Month | Male 65 | Female 65 | Joint 65 | Male 70 |
|---|---|---|---|---|
| March 2026 | $618/mo | $585/mo | $542/mo | $698/mo |
| May 2026 | $632/mo | $598/mo | $555/mo | $712/mo |
| July 2026 | $664/mo | $635/mo | $583/mo | $754/mo |
What's driving it: SPIA pricing tracks long-term bond yields. With yields holding firm through the first half of 2026, carriers have passed higher fixed-income returns through to payout rates — the best 65-year-old male quote has climbed 7.4% since March 2026. For buyers, elevated rates mean each $100,000 of premium buys meaningfully more lifetime income than it did even a few months ago.
What it means for timing: nobody can predict the next move, but two things are certain — your payout rises every year you age, and a locked quote holds for 7–14 days. If you are within a year of buying, getting a live quote now costs nothing and tells you exactly what waiting is worth.
Full Carrier Comparison
Best-rate tables show the top quote; here is how all 8 carriers compare for men (see also female and joint tables).
Male Monthly Income Rates
Updated July 2026| Carrier | Rating | Age 55 | Age 60 | Age 65 | Age 70 | Age 75 | Age 80 |
|---|---|---|---|---|---|---|---|
| New York Life | A++ | $575/mo | $618/mo | $664/mo | $754/mo | $882/mo | $1,059/mo |
| MassMutual | A++ | $549/mo | $590/mo | $642/mo | $724/mo | $847/mo | $1,018/mo |
| Pacific Life | A+ | $562/mo | $604/mo | $653/mo | $739/mo | $864/mo | $1,039/mo |
| Prudential | A+ | $536/mo | $576/mo | $632/mo | $709/mo | $829/mo | $998/mo |
| Mutual of Omaha | A+ | $556/mo | $597/mo | $648/mo | $732/mo | $855/mo | $1,029/mo |
| Lincoln Financial | A | $530/mo | $570/mo | $627/mo | $702/mo | $820/mo | $988/mo |
| Nationwide | A+ | $543/mo | $583/mo | $637/mo | $717/mo | $838/mo | $1,008/mo |
| Western & Southern | A+ | $569/mo | $611/mo | $659/mo | $747/mo | $873/mo | $1,049/mo |
Rates updated July 2026. Based on $100,000 premium. Your exact rate may differ — request a personalized quote.
How to Get the Best SPIA Rate
- Compare on the same day. The best-to-worst spread across A-rated carriers is currently 5–6% — on a $300,000 premium at 65, that is roughly $1,300/year, every year, for life.
- Don't chase rate at the expense of ratings. We only quote carriers rated A or better; a slightly higher payout from a weak insurer is not a bargain.
- Price the payout options. A 10-year period certain costs only ~3% of income — see our payout options guide.
- Mind your state's guaranty limit for premiums above $250,000 — details on our state pages.
- Know your number first. Our calculator shows what any premium buys at your age, and the SPIA guide covers the fundamentals.
Get Your Personalized Best Rate
Rates shown are best-available estimates per $100,000. Your exact quote depends on your age, state, and payout option — see it in 2 minutes, no obligation.
Compare My Rates Free