When investors know their initial investment is protected, fear fades and confidence grows. That’s the power of the optional no-loss guarantee2 from the New York Life Premier Variable Annuity. It helps protect what they’ve built while offering tax-deferred growth potential through a wide range of investment options. In uncertain markets, it makes the investing conversation easier.
How the IPR works.5
Benefits:
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1. Provider of Principal-Protected Annuities - As of 12/31/24 and is based on premium amounts as reported by LIMRA. Variable Annuity Guaranteed Living Benefit Election Tracking Survey. “Principal protection” is provided by the Investment Preservation Rider–FP Series, an optional rider for an additional fee.
2. Refers to the optional Investment Preservation Rider–FP Series (IPR), an accumulation benefit rider which contains principal protection that guarantees a percentage of the sum of all premium payments made in the first Policy Year, less all IPR Guaranteed Amount Proportional Reductions made during the rider holding period. Refer to the Rate Sheet Prospectus Supplement for the current IPR charge and Guaranteed Amount percentage for policies with an application signed on or after May 1, 2024. The IPR does not protect the owner’s investment from day-to-day market fluctuations or against losses that could be realized prior to completion of the holding period. The IPR is subject to certain allocations restrictions so not all investment options offered under the VA may be available for allocation. With the IPR, the maximum target allocation to equity is 70%, so investors may not experience the full risk or return potential of the market. Any guarantees of the annuity are based on the claims-paying ability of the issuer.
3. In an up market, the level fee structure may work to the client’s advantage, as more money stays in the account and potentially continues to grow. However, it should be noted that in a flat or down market, a traditional Mortality & Expense (M&E) fee structure may be more advantageous.
4. The Standard Death Benefit is automatically included with the policy at no additional cost, and unless the policy is annuitized, the beneficiary will receive the greater of the account value at the time of death or the total premiums paid, adjusted for withdrawals. Additionally, if the owner holds the policy through the initial 7-year surrender charge period, they will qualify for a one-time death benefit step-up at no extra charge. For an even greater financial legacy, investors can purchase an Annual Death Benefit Reset Rider (ADBR) up to age 75 at an annual cost of 0.25% of the reset value. This rider locks in any growth on each policy anniversary up to age 85. ADBR available only at the time of application, in jurisdictions and products where approved. Growth is locked in each year up to age 85 and the death benefit is adjusted for any proportional withdrawals. Variable annuities are long-term financial products used for retirement purposes. Variable annuities contain certain fees and charges and there are risks, restrictions, and limitations to consider. Variable annuities are subject to market risk including possible loss of principal.
5. The rider does not protect the owner’s investment from day-to-day market fluctuations or against losses that could be realized prior to completion of the holding period. Any guarantees are based the claims-paying ability of the issuer.
Intended for registered representative use only-not for the general public.