No State Income Tax

Texas Annuity Rates & Guide

Texas offers retirees no state income tax and a growing population of seniors. With 3.7 million residents over 65, it's one of the largest annuity markets in the US.

Key Facts for Texas Annuity Buyers

No state income tax
Second-largest state by population
Texas Department of Insurance oversees annuity regulation
Strong fixed annuity market due to conservative investor base
3.7 million residents age 65+

Tax Treatment of Annuity Income in Texas

Texas has no state income tax. Your annuity payments are taxed only at the federal level, making Texas highly attractive for retirees seeking guaranteed income.

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 Texas

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 Texas

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 Texas

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 Texas

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

  • Houston, TX
  • Dallas, TX
  • San Antonio, TX
  • Austin, TX
  • Fort Worth, TX

No matter where you live in Texas, 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.

Get Your Texas Annuity Quote

See what a $100,000+ annuity would pay you monthly, with Texas's tax advantages factored in. Free, no-obligation quote in 2 minutes.

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