Best SPIA Rates — August 2026
The best single premium immediate annuity payout this month: $675/month for a 65-year-old man per $100,000 — taken from actual carrier quote surveys this month.
Best Monthly Payout by Age (August 2026)
Highest quote among the 8 A-rated carriers we track, per $100,000 premium, single life with a 5-year period certain (joint = 100% survivor benefit, both spouses the same age).
| Age | Male | Female | Joint (Couple) |
|---|---|---|---|
| 55 | $595/mo | $581/mo | $552/mo |
| 60 | $627/mo | $612/mo | $567/mo |
| 65 | $675/mo | $637/mo | $587/mo |
| 70 | $751/mo | $699/mo | $640/mo |
| 75 | $873/mo | $810/mo | $722/mo |
| 80 | $1,041/mo | $962/mo | $837/mo |
SPIA Rate Trend: 2026
We track the best available quote for a 65-year-old (single life, per $100,000) every time carriers reprice — published as the SPIA Payout Index (chart, CSV/JSON, free to cite or embed). 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 |
| August 2026 | $675/mo | $637/mo | $587/mo | $751/mo |
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.
What's driving it: SPIA pricing tracks long-term bond yields. With yields holding firm through 2026, carriers have passed higher fixed-income returns through to payout rates — the best 65-year-old male quote has climbed 9.2% since March 2026 (part of the latest step reflects our switch to actual quote-survey data). 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 August 2026| Carrier | Rating | Age 55 | Age 60 | Age 65 | Age 70 | Age 75 | Age 80 |
|---|---|---|---|---|---|---|---|
| New York Life | A++ | $595/mo | $627/mo | $660/mo | $740/mo | $862/mo | $1,010/mo |
| Nationwide | A+ | $577/mo | $609/mo | $669/mo | $751/mo | $873/mo | $1,041/mo |
| Western & Southern | A+ | $580/mo | $618/mo | $654/mo | $729/mo | $842/mo | $1,001/mo |
| Athene | A+ | $578/mo | $621/mo | $675/mo | $748/mo | $854/mo | $1,016/mo |
| Penn Mutual | A+ | $567/mo | $600/mo | $646/mo | $727/mo | $831/mo | $954/mo |
| Pacific Life | A+ | $518/mo | $556/mo | $597/mo | $679/mo | $798/mo | $959/mo |
| Mutual of Omaha | A+ | $518/mo | $533/mo | $583/mo | $662/mo | $777/mo | $921/mo |
| Lincoln Financial | A | $492/mo | $515/mo | $573/mo | $654/mo | $769/mo | $926/mo |
Rates updated August 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-lowest spread across the A-rated carriers we survey is about 15% at age 65 — on a $300,000 premium, that is roughly $3,700/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.
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