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Top SPIA rates in the tables below come from our August 2026 payout comparison — carrier-calculated monthly income from our live quoting platform and illustration software on identical inputs. Payouts vary by carrier, period certain, premium, age, state, and gender. One carrier illustration is not the market; who pays the most on your facts is what you are here to compare.
Most people shop SPIAs from a single illustration or carrier site. Sort order shifts by premium band and period certain — the leader at one deposit size is not always the leader at another. Use the tabs for your period certain, then compare carriers at your premium.
These Single Premium Immediate Annuity figures are carrier-calculated payouts from our quoting tools, not your personal quote. As an independent agency, we illustrate SPIAs across carriers in your state and show where monthly income lands before you commit. For how SPIAs work and payout design options, see our SPIA overview.
Top SPIA payouts by carrier (August 2026)
We ran every carrier in this comparison through our live quoting platform and carrier illustration software on identical inputs — same age, state, premium, and period certain — then ranked monthly payouts at $100,000, $250,000, and $1,000,000. Tab by guarantee period; each figure is a carrier-calculated SPIA payout from our income annuity quoting tools, not a blended average or estimate.
August 2026 SPIA Payout Comparison — Methodology
InsuranceGeek compiled SPIA payout data in August 2026 by running identical illustrations through our live quoting platform and carrier illustration software across 30+ A-rated carriers. Figures reflect a male applicant, age 65, Ohio, non-qualified funds, single life with period certain, first monthly income August 2026. Top five carriers by monthly payout at each premium band; actual income varies by state, age, gender, guarantee period, and carrier.
- Data source
- InsuranceGeek live quoting platform
- Carriers
- 30+ A-rated carriers
- Date range
- August 2026
- States
- All 50 states
August 2026 payout comparison · Ohio, male age 65 · single life, period certain · non-qualified · income starts August 2026
| # | Carrier | $100k | $250k | $1M |
|---|---|---|---|---|
| 1 | Athene Annuity | $669.57 | $1,673.93 | $6,695.73 |
| 2 | Nationwide | $665.13 | $1,673.41 | $6,693.62 |
| 3 | Integrity (W&S) | $658.87 | $1,656.84 | $6,642.61 |
| 4 | EquiTrust | $648.87 | $1,638.12 | $6,554.54 |
| 5 | Penn Mutual | $645.18 | $1,635.11 | $6,550.26 |
| # | Carrier | $100k | $250k | $1M |
|---|---|---|---|---|
| 1 | Nationwide | $665.35 | $1,663.37 | $6,653.48 |
| 2 | Integrity (W&S) | $655.13 | $1,645.43 | $6,596.95 |
| 3 | Penn Mutual | $648.98 | $1,627.33 | $6,519.12 |
| 4 | EquiTrust | $648.87 | $1,623.20 | $6,494.82 |
| 5 | Minnesota Life | — | $1,612.87 | $6,460.23 |
| # | Carrier | $100k | $250k | $1M |
|---|---|---|---|---|
| 1 | Athene Annuity | $655.88 | $1,639.70 | $6,558.78 |
| 2 | Nationwide | $655.31 | $1,638.28 | $6,553.12 |
| 3 | Integrity (W&S) | $647.84 | $1,627.19 | $6,523.90 |
| 4 | Penn Mutual | $643.15 | $1,612.72 | $6,460.58 |
| 5 | EquiTrust | $636.52 | $1,592.29 | $6,371.17 |
Source: InsuranceGeek live quoting platform and carrier illustration software, August 2026.
Your quote will vary by age, state, gender, and options.
What's moving on the August payout comparison
A few meaningful shifts from the prior illustration run worth flagging before you shop:
- EquiTrust led every tab in May — on the August comparison it no longer ranks first on any premium band
- 5-year: Athene and Nationwide are essentially tied at the top on $250,000 and $1,000,000; Athene leads at $100,000
- 7-year: Nationwide leads across all three premiums; carrier order can shift at $100,000 versus $250,000
- 10-year: Athene moves ahead of Nationwide; EquiTrust drops from #1 to #5 on every band
Payouts move with carrier filings — if the number works for your design, confirm on the day you apply.
How today's payouts compare historically
Top SPIA payouts in August 2026 remain well above the 2012–2016 low-rate era on comparable assumptions.
| Period | Top monthly income | 10-Year Treasury (avg) | Environment |
|---|---|---|---|
| 2012-2016 | $1,180 | 2.1% | Historically low |
| 2017-2020 | $1,220 | 2.4% | Low |
| 2021-2022 | $1,290 | 2.8% | Rising |
| 2023-2024 | $1,520 | 4.2% | Attractive |
| August 2026 comparison | $1,674 | 4.6% | Highly attractive |
The August row is the top monthly payout in our illustration run (Athene Annuity, $250,000, 5-year period certain, rounded). Earlier rows are era reference points, not the same carrier mix.
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Conclusion
Top SPIA payouts in our August 2026 comparison sit well above the 2012–2016 era, and carrier spreads on the same inputs can still be hundreds of dollars a month — so who pays the most matters as much as when you buy.
The tables are the starting point. Period certain length, refund features, and issuer strength all affect the right pick alongside the headline payout. As an independent agency, we run the same design across carriers in your state through our quoting tools and show you where monthly income lands before you commit.
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See My PayoutAbout Brad Cummins
Brad Cummins is the founder of Insurance Geek and primary author of its educational content. Licensed since 2004, he brings over 21 years of experience structuring life insurance and IUL strategies for clients nationwide.
Fact checked by Ryan Wood
Ryan Wood is a licensed insurance professional and contributing advisor at Insurance Geek, serving as a fact checker and technical reviewer for life insurance and annuity content. First licensed in 2013, he brings more than 12 years of experience and holds licenses in over 40 U.S. states.
