Immediate Annuity Rates & SPIA Income Quotes
A single premium immediate annuity turns one lump sum into guaranteed monthly income that starts soon. Review published income estimates, then request a custom report when you want carrier-specific SPIA, DIA, FIA, or MYGA comparisons.
$685 / month - 8.22% annual payout rate
Published estimate current as of Jul 1, 2026. Request a custom report for carrier-specific pricing.
Rate data freshness: Published estimates as of Jul 1, 2026.
SPIA estimate
Published monthly income bands by premium, issue age, gender, state, and income option.
Payout rate
Annual estimated income divided by premium, clearly labeled as payout rate.
Custom report
Optional advisor-prepared comparison across SPIA, DIA, FIA income-rider, and MYGA paths.
Single premium immediate annuity estimate tool
Enter your premium and details to review published SPIA income estimates. For carrier-specific SPIA, DIA, and FIA comparisons, request a custom report.
SPIA income calculator
Premium to estimated guaranteed monthly income
Published estimates update instantly as you adjust the inputs.
life only - age 65 - TX - single life
| Estimate band | Scope | Monthly estimate | Payout rate |
|---|---|---|---|
Top published estimateTop band life only - single life | Highest public screening band | $685 | 8.22% payout rate - age 65 |
High published estimate life only - single life | Upper carrier range before a formal illustration | $664 | 7.97% payout rate - age 65 |
Mid published estimate life only - single life | Middle of the available public estimate range | $644 | 7.73% payout rate - age 65 |
Lower published estimate life only - single life | Lower end of the public estimate range | $623 | 7.48% payout rate - age 65 |
Want carrier-specific SPIA and DIA comparisons?
Send this scenario for a custom report comparing SPIA, DIA, and optional FIA or MYGA alternatives.
Published estimates are educational screening values, not a binding carrier illustration or recommendation. Actual carrier quotes vary by state, premium, issue age, gender, life type, income option, quote date, and underwriting rules. Request a custom report before relying on any result.
Need the carrier-specific income comparison?
The public page provides a useful published estimate. A custom report can compare immediate income, deferred income, FIA income riders, and optional MYGA accumulation using carrier-specific information.
Custom report scope
How a SPIA works
Pay one premium
You give the carrier a lump sum. In exchange, the carrier guarantees the selected income stream.
Income starts soon
The quote shows guaranteed monthly income for the selected issue age, state, gender, and income option.
Choose the guarantee
Life only usually pays more. Certain-period options can protect a beneficiary period in exchange for less monthly income.
Immediate annuity FAQ
What is an immediate annuity?
An immediate annuity is an insurance contract where a lump-sum premium is exchanged for guaranteed income that starts soon after purchase. A single premium immediate annuity, or SPIA, is the common form shown on this page.
How are immediate annuity rates quoted?
Immediate annuity income estimates are driven by premium, issue age, gender, state, and income option. Carrier-specific quotes require a formal report because pricing can change by carrier, state, and quote date.
What does payout rate mean?
Payout rate is annual income divided by premium. It is not an interest rate because each payment can include both earnings and a portion of the premium being paid back over time.
What happens if the annuitant dies early?
It depends on the income option. Life only generally pays the highest monthly income and stops at death. Life with a certain period can continue payments to a beneficiary for the selected period.
Why does this page compare SPIA income with an FIA income rider?
Both can create guaranteed lifetime income, but they give up different things. A SPIA annuitizes the premium. An FIA income rider uses withdrawal mechanics while account-value features remain subject to contract terms.
Sources and data: Public SPIA results are published screening estimates, not fresh carrier quotes or binding illustrations. A custom report can compare carrier-specific SPIA, DIA, FIA income-rider, and MYGA paths for the submitted scenario. Income is guaranteed by the issuing carrier's claims-paying ability, not FDIC insured. Figures vary by state, premium, issue age, gender, income option, and quote date. Educational only - not advice, a binding quote, or a carrier-approved illustration. Confirm with a licensed professional before relying on any result.