Immediate Annuity Rates & SPIA Income Quotes
A single premium immediate annuity turns one lump sum into guaranteed monthly income that starts soon. Run a live quote across carriers and compare the payout against an FIA income-rider path.
Rate data freshness: June 27, 2026.
SPIA quote
Guaranteed monthly income by carrier, income option, issue age, gender, state, and premium.
Payout rate
Annual income divided by premium, clearly labeled as payout rate.
FIA comparison
Income-rider path from the AdvisorWorld engine, only after the SPIA input tuple is known.
Single premium immediate annuity quote tool
Enter your premium and details, then request a live quote. SPIA payouts are generated on demand by CANNEX per carrier, so this is a request, loading, response flow instead of a static table.
SPIA income calculator
Premium to guaranteed monthly income, ranked by carrier
Request a quote to see your income
CANNEX returns each carrier's guaranteed monthly income for your exact inputs.
Can an FIA compete while keeping account value?
This comparison uses the top SPIA quote above and the AdvisorWorld income-rider engine for the same premium, issue age, life type, and state. The FIA side is labeled as day-one only when the engine returns day-one income; otherwise it is shown as short-wait or unavailable.
Comparison drawn from CANNEX SPIA quotes and the AdvisorWorld FIA income-rider engine. These are different products: SPIA income comes from annuitizing your premium; FIA income comes from guaranteed lifetime withdrawals while account-value mechanics remain subject to contract terms. Where the SPIA pays more, the page says so. Compare full income paths
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 quotes are priced on demand by carrier and input tuple. Premium, issue age, gender, state, and income option all affect the guaranteed monthly income.
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: SPIA quote results are requested from CANNEX-backed quote APIs through AdvisorWorld and cached by exact input tuple for a short period. FIA comparison results come from the AdvisorWorld income-rider engine for the same submitted premium, issue age, life type, and state. 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.