Immediate Annuity Rates — SPIA Quotes & Income Comparisons
Get live income quotes from 15+ carriers. Enter your age and premium to see exactly how much guaranteed monthly income you can receive.
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Enter your details to see personalized SPIA income quotes from multiple carriers. Quotes are sourced live from CANNEX.
Quotes are for illustration purposes. Income shown is monthly before taxes. All quotes sourced from CANNEX Financial Exchanges.
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What is a SPIA?
A Single Premium Immediate Annuity converts a lump sum into guaranteed income payments starting within 12 months. Income for life or a set period.
Income Options
Life only (highest payout), life with period certain, joint and survivor, or period-certain only. Each option balances income vs. beneficiary protection.
Key Considerations
Income is based on interest rates at purchase, your age, and the payout option. Once annuitized, the premium is generally irrevocable.
How immediate annuity rates work
Immediate annuity quotes are personalized payout calculations. The monthly income depends on who is covered, when payments begin, and how much beneficiary protection is built into the contract.
Age and payout option
Older annuitants generally receive higher income for the same premium. Joint-life, cash-refund, and period-certain options usually reduce monthly income because they extend protection.
Interest-rate environment
Higher market rates can improve new SPIA payouts. Quotes are time-sensitive, so compare carriers with the same premium, state, ages, and payout design.
Liquidity trade-off
SPIAs can create dependable income quickly, but the premium is generally irrevocable after purchase. That makes emergency reserves and payout design important.
Deferred income alternative
If income should start years from now, compare DIA and QLAC rates before locking in an immediate payout.
Immediate annuity calculator
Use the annuity payout calculator to compare SPIA income against DIA, annuitization, and FIA income riders before trading principal access for higher monthly income.
Deferred Income Annuities
Want guaranteed income starting in the future? Explore DIA and QLAC options.
MYGA Rates
Compare guaranteed fixed rates if you prefer asset growth before annuitizing.
Browse SPIA Providers
Guardian Life Insurance Company
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Allianz
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AmFirst
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American Equity Investment Life Insurance Company
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American Life
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American National Life Insurance Company
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Americo
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Aspida
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Athene Annuity and Life Company
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Atlantic Coast Life
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AuguStar Financial
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Axonic Insurance Services (AIS)
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Frequently Asked Questions
What is a SPIA?
A Single Premium Immediate Annuity converts a single lump-sum premium into a stream of guaranteed income payments that begin within 12 months of purchase. Income can be structured for life or a set period.
How much income does a SPIA provide?
SPIA income depends on your age, gender, premium amount, state, and the payout option selected. A 65-year-old male with $250,000 can expect approximately $1,400-1,600 per month with a life with 10-year certain option.
Can you get your money back from a SPIA?
Once annuitized, the premium is generally irrevocable. However, options like period certain or return of premium provide some beneficiary protection. Life-only provides the highest income but no refund.
Are SPIA payments taxed?
For non-qualified SPIAs, each payment is partially a return of premium and partially taxable income. For IRAs, payments are fully taxable as ordinary income.