California Annuity Rates & Guide
California has the largest population of seniors in the US at 5.8 million aged 65+. While the state has higher taxes, annuities remain a popular choice for guaranteed retirement income.
Key Facts for California Annuity Buyers
Tax Treatment of Annuity Income in California
California taxes annuity income as ordinary income at state rates up to 13.3%. However, the tax-deferred growth inside an annuity can still provide significant advantages for California residents during the accumulation phase.
Remember that federal taxes still apply regardless of your state. For non-qualified annuities, only the earnings portion is taxed (the "exclusion ratio" shelters your original investment). For qualified annuities funded with pre-tax money, 100% of each payment is taxable at the federal level. Read our complete tax guide for details.
Male Annuity Rates in California
Monthly income from a $100,000 SPIA for men. Rates are the same regardless of state — what differs is the after-tax amount you keep.
Male Monthly Income Rates
Updated March 2026| Carrier | Rating | Age 55 | Age 60 | Age 65 | Age 70 | Age 75 | Age 80 |
|---|---|---|---|---|---|---|---|
| New York Life | A++ | $535/mo | $575/mo | $632/mo | $712/mo | $825/mo | $988/mo |
| MassMutual | A++ | $520/mo | $558/mo | $615/mo | $695/mo | $808/mo | $970/mo |
| Pacific Life | A+ | $528/mo | $565/mo | $622/mo | $702/mo | $815/mo | $978/mo |
| Prudential | A+ | $515/mo | $552/mo | $608/mo | $688/mo | $798/mo | $960/mo |
| MetLife | A+ | $522/mo | $560/mo | $618/mo | $698/mo | $810/mo | $972/mo |
| Lincoln Financial | A+ | $510/mo | $548/mo | $605/mo | $685/mo | $795/mo | $958/mo |
| Nationwide | A+ | $518/mo | $555/mo | $612/mo | $692/mo | $802/mo | $965/mo |
| Allianz | A+ | $530/mo | $570/mo | $628/mo | $708/mo | $820/mo | $982/mo |
Rates updated March 2026. Based on $100,000 premium. Your exact rate may differ — request a personalized quote.
Female Annuity Rates in California
Monthly income from a $100,000 SPIA for women. Women receive lower monthly payments but benefit from longer total income periods.
Female Monthly Income Rates
Updated March 2026| Carrier | Rating | Age 55 | Age 60 | Age 65 | Age 70 | Age 75 | Age 80 |
|---|---|---|---|---|---|---|---|
| New York Life | A++ | $510/mo | $545/mo | $598/mo | $672/mo | $778/mo | $932/mo |
| MassMutual | A++ | $495/mo | $530/mo | $582/mo | $656/mo | $762/mo | $915/mo |
| Pacific Life | A+ | $502/mo | $538/mo | $590/mo | $664/mo | $770/mo | $922/mo |
| Prudential | A+ | $490/mo | $525/mo | $578/mo | $650/mo | $755/mo | $908/mo |
| MetLife | A+ | $498/mo | $535/mo | $586/mo | $660/mo | $765/mo | $918/mo |
| Lincoln Financial | A+ | $485/mo | $522/mo | $575/mo | $648/mo | $752/mo | $905/mo |
| Nationwide | A+ | $492/mo | $528/mo | $580/mo | $654/mo | $758/mo | $910/mo |
| Allianz | A+ | $505/mo | $540/mo | $594/mo | $668/mo | $774/mo | $928/mo |
Rates updated March 2026. Based on $100,000 premium. Your exact rate may differ — request a personalized quote.
Joint Annuity Rates in California
Monthly income for couples with 100% survivor benefit. The lower monthly amount covers both spouses for life.
Joint (Couple) Monthly Income Rates
Updated March 2026| Carrier | Rating | Age 55 | Age 60 | Age 65 | Age 70 | Age 75 | Age 80 |
|---|---|---|---|---|---|---|---|
| New York Life | A++ | $475/mo | $508/mo | $555/mo | $622/mo | $715/mo | $845/mo |
| MassMutual | A++ | $460/mo | $493/mo | $540/mo | $607/mo | $700/mo | $830/mo |
| Pacific Life | A+ | $468/mo | $500/mo | $548/mo | $615/mo | $708/mo | $838/mo |
| Prudential | A+ | $455/mo | $488/mo | $535/mo | $602/mo | $695/mo | $822/mo |
| MetLife | A+ | $465/mo | $498/mo | $545/mo | $612/mo | $705/mo | $835/mo |
| Lincoln Financial | A+ | $452/mo | $485/mo | $532/mo | $600/mo | $692/mo | $820/mo |
| Nationwide | A+ | $458/mo | $492/mo | $538/mo | $605/mo | $698/mo | $825/mo |
| Allianz | A+ | $472/mo | $505/mo | $552/mo | $618/mo | $712/mo | $842/mo |
Rates updated March 2026. Based on $100,000 premium. Your exact rate may differ — request a personalized quote.
Popular Retirement Cities in California
Annuity buyers in California are concentrated in the state's largest metro areas:
- Los Angeles, CA
- San Diego, CA
- San Francisco, CA
- San Jose, CA
- Sacramento, CA
No matter where you live in California, you can compare rates from national carriers. Annuity rates are determined by the insurance company, not your location — but your state's tax treatment affects how much you keep.
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