New York Annuity Rates & Guide

New York is home to 3.2 million residents over 65. The state has some of the strictest annuity regulations in the country, which protects consumers but also means working with knowledgeable brokers is essential.

Key Facts for New York Annuity Buyers

$20,000 pension/annuity income exclusion for 59½+
NY Department of Financial Services strictly regulates annuity sales
Regulation 187 requires best-interest standard for annuity recommendations
Large market for both immediate and deferred annuities
3.2 million residents age 65+

Tax Treatment of Annuity Income in New York

New York taxes annuity income as ordinary income. However, New York excludes up to $20,000 of private pension and annuity income from state taxes for residents age 59½ and older.

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 New York

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 55Age 60Age 65Age 70Age 75Age 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 New York

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 55Age 60Age 65Age 70Age 75Age 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 New York

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 55Age 60Age 65Age 70Age 75Age 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 New York

Annuity buyers in New York are concentrated in the state's largest metro areas:

  • New York City, NY
  • Buffalo, NY
  • Rochester, NY
  • Albany, NY
  • Syracuse, NY

No matter where you live in New York, 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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