Best Annuity Rates in Pennsylvania

Monthly Payouts from a $100,000 Annuity in Pennsylvania

If you're a resident of Pennsylvania considering a $100,000 annuity, your monthly income will vary based on your age, the annuity type, and whether the annuity starts paying immediately or is deferred. For a 65-year-old individual purchasing a single-life immediate annuity, the estimated monthly income would typically be between $500 to $600.

Here’s a breakdown based on common choices:

• Single Life Immediate Annuity: ~$560/month

• Joint Life (Spouse same age): ~$470/month

• With 2% Annual COLA: Starts at ~$440/month, increases each year

  
  

The structure you choose—such as guaranteed periods or inflation protection—will affect the monthly payout, so it’s worth using a calculator or speaking with a financial advisor for personalized quotes.

The Highest Paying Fixed Annuity Rates Available

As of 2025, the highest paying fixed annuity rates in Pennsylvania are available through multi-year guaranteed annuities (MYGAs), offering locked-in interest rates for set terms.

Top rates in Pennsylvania currently include:

• 5.60% for a 5-year MYGA

• 5.25% for a 3-year MYGA

• 5.10% for a 7-year MYGA

  
  

These rates come from carriers such as:

• Oceanview Life

• Delaware Life

• Nassau Life & Annuity

• Canvas Annuity

  
  

Fixed annuities are favored for their stability, and the rates today are the highest they’ve been in over a decade.

Top Providers Paying the Best Annuity Rates

Pennsylvania residents have access to annuity products from a wide range of top-performing insurance carriers. Some of the companies currently offering the best annuity rates include:

• Athene

• Fidelity & Guaranty Life

• MassMutual Ascend

• New York Life

• Oceanview Life & Annuity

  
  

These providers consistently offer competitive rates on fixed annuities, MYGAs, and lifetime income annuities. It's important to consider both rate and insurer financial strength before making a selection. Look for insurers with “A” or higher ratings from AM Best, Moody’s, or Standard & Poor’s.

Monthly Payouts from a $500,000 Annuity in Pennsylvania

For a $500,000 annuity, Pennsylvania retirees can expect meaningful monthly income, depending on the structure and payout type. Here are typical monthly payouts for a 65-year-old investing this amount:

• Single Life Immediate Annuity: ~$2,750/month

• Joint Life with 10-Year Guarantee: ~$2,300/month

• With COLA Rider (2%): ~$2,100/month to start

  
  

These payouts offer a strong income base in retirement and can be tailored further with period-certain features or inflation-adjusted payments.

Use a Pennsylvania-Specific Annuity Calculator for Personalized Estimates

To find the best annuity rates in Pennsylvania, use an annuity calculator that accounts for:

• Your current age

• Desired investment amount

• Payment start date

• Type of annuity (fixed, immediate, deferred, or lifetime)

  
  

Websites like Fidelity, Blueprint Income, and local retirement advisory firms in Pennsylvania offer calculators tailored to your state. These tools provide quick comparisons across different carriers and annuity types, factoring in state-specific rules and tax treatments.

Best Annuity Options for Seniors in Pennsylvania

For seniors aged 60 and above in Pennsylvania, the best annuity products typically include:

• Single Premium Immediate Annuities (SPIAs) for guaranteed monthly income

• Multi-Year Guaranteed Annuities (MYGAs) for predictable growth

• Deferred Income Annuities for future income planning

  
  

These options are especially beneficial for:

• Covering fixed retirement expenses

• Supplementing Social Security

• Providing income guarantees for life or a set term

  
  

Companies like New York Life, MassMutual, and American National offer senior-friendly products with optional benefits such as long-term care waivers or enhanced death benefits.

Retrospective: Annuity Rates in Pennsylvania in 2021

In 2021, annuity rates in Pennsylvania were significantly lower due to the low-interest-rate environment. At that time:

• 5-Year Fixed Annuities averaged around 2.50% to 2.90%

• Immediate Annuities paid around $450/month per $100,000

• Lifetime Annuities offered modest income with fewer inflation-adjusted options

  
  

The rate surge in 2024–2025 has dramatically changed the annuity landscape, providing far more appealing fixed income opportunities now compared to the rates available just a few years ago.

Overview of Annuity Rate Trends in 2025

So far in 2025, annuity rates remain strong due to sustained higher federal interest rates. This benefits retirees and investors looking to lock in long-term yields.

• 5-Year Fixed Annuity: ~5.30% to 5.60%

• 10-Year Fixed Annuity: ~4.90% to 5.25%

• Lifetime Immediate Annuity (65-year-old): ~$560/month per $100,000

  
  

These are among the best rates in over a decade, making 2025 an attractive year to purchase or ladder annuities for reliable returns and income.

New York Life Annuity Rates for Pennsylvania Residents

New York Life products are available nationwide, including Pennsylvania, and their annuity rates remain highly competitive, especially for conservative investors.

• 5-Year Fixed Annuity: ~5.10%

• Secure Term MVA Annuity (Multi-year): ~5.20% depending on the term

• Lifetime Income Annuity: ~$540/month per $100,000 invested at age 65

  
  

New York Life offers flexible payment options, high-rated customer service, and an extensive advisor network across Pennsylvania for in-person planning.

What Are the Annuity Payouts for a 70-Year-Old?

A 70-year-old purchasing a $100,000 immediate annuity in Pennsylvania will benefit from higher monthly payouts due to shorter life expectancy compared to younger annuitants. Here are the typical figures:

• Single Life: ~$620 to $660/month

• Joint Life: ~$520 to $570/month

• With 2% COLA: ~$490/month to start, increasing annually

  
  

Older annuitants may also qualify for enhanced annuities, which increase payouts based on health conditions or lifestyle factors.

Leading MYGA Rates Available in Pennsylvania

Multi-Year Guaranteed Annuities (MYGAs) are among the most attractive fixed-income products in Pennsylvania right now, offering high fixed rates with tax-deferred growth.

Current top MYGA rates include:

• 3-Year MYGA: ~5.25%

• 5-Year MYGA: ~5.60%

• 7-Year MYGA: ~5.10% to 5.40%

• 10-Year MYGA: ~4.90% to 5.25%

  
  

Providers such as Oceanview, Nassau, and Delaware Life are consistently ranked among the best for MYGAs due to their rate offerings and policy flexibility.

What to Know About MYGA (Multi-Year Guaranteed Annuities)

MYGAs are a type of fixed annuity that guarantees an interest rate for a specific number of years. Unlike variable or indexed annuities, MYGAs offer:

• Principal protection

• Guaranteed returns

• Tax-deferred interest growth

  
  

They are ideal for:

• Retirees who want predictable returns

• Investors rolling over maturing CDs

• People looking to ladder investments across different term lengths

  
  

In Pennsylvania, MYGAs are regulated to protect the consumer, making them a safe and appealing option in uncertain markets.

FINAL THOUGHTS

Pennsylvania residents exploring annuity options in 2025 are in a strong position to lock in high-yielding products that offer reliable, tax-advantaged income. Whether you're considering a $100,000 investment for monthly income or planning with $500,000+ for long-term financial security, current annuity rates provide compelling opportunities.

From top-rated carriers like New York Life, Athene, and Oceanview Life, to innovative MYGAs and customized lifetime income options, there’s a wide selection of solutions to match every retirement goal. Use annuity calculators, compare providers, and consult a licensed advisor to ensure the plan you choose fits your timeline, risk comfort, and lifestyle.