{
  "name": "SPIA Payout Index",
  "publisher": "LifeAnnuities.us",
  "url": "https://lifeannuities.us/rates/spia-payout-index/",
  "license": "Free to cite and republish with attribution and a link to the source page.",
  "basis": "Best monthly income per $100,000 single premium immediate annuity among surveyed A-rated carriers; single life (or joint life, 100% to survivor) with a 5-year period certain; income starting one month after purchase; non-qualified funds.",
  "carriers": [
    "New York Life",
    "Nationwide",
    "Western & Southern",
    "Athene",
    "Penn Mutual",
    "Pacific Life",
    "Mutual of Omaha",
    "Lincoln Financial"
  ],
  "last_updated": "August 2026",
  "current": {
    "month": "August 2026",
    "male_65": 675,
    "female_65": 637,
    "joint_65": 587,
    "male_70": 751,
    "male_75": 873
  },
  "series": [
    {
      "month": "March 2026",
      "male65": 618,
      "female65": 585,
      "joint65": 542,
      "male70": 698,
      "male75": 808
    },
    {
      "month": "May 2026",
      "male65": 632,
      "female65": 598,
      "joint65": 555,
      "male70": 712,
      "male75": 825
    },
    {
      "month": "July 2026",
      "male65": 664,
      "female65": 635,
      "joint65": 583,
      "male70": 754,
      "male75": 882
    },
    {
      "month": "August 2026",
      "male65": 675,
      "female65": 637,
      "joint65": 587,
      "male70": 751,
      "male75": 873,
      "note": "From August 2026, figures come from actual carrier quote surveys (single life, 5-year period certain). Earlier months were market-survey estimates on a life-only basis, so the July→August change is partly a change in basis rather than a market move."
    }
  ]
}