Overview
Overview
Let's Give Americans Their Pensions Back®
New York Life has solutions to help clients achieve the peace of mind a pension once provided.
Tailor annuities to meet client needs
Give clients the income they need, when they need it with both deferred and immediate annuity solutions.
Optimize portfolios to manage risk
Adding annuities to a portfolio can reduce income risk and allow clients to invest remaining assets more confidently.
Simplify planning with tax deferred solutions
Help clients meet required minimum distribution rules automatically and potentially reduce taxes on distributions.
As the #1 provider of income annuities since 20061, New York Life offers innovative products backed by a company with unsurpassed financial strength. We are the trusted source for guaranteed lifetime income.
1. Source: LIMRA as of 06/30/2022
Literature
Literature
Literature
Easily access all of the New York Life income annuity sales and marketing materials in one place.
To view applications and additional materials, visit the Literature library.
Rates
Rates
New York Life Guaranteed Lifetime Income Annuity II2
Age |
Single Life |
Joint Life |
|---|
Based on the life with cash refund option for a policy purchased by a male annuitant with $100,000. These payout rates, which include both interest and return of principal. The rates represent the annualized payout as percent of total premium. Payout rate is not an interest rate.
2. The New York Life Guaranteed Lifetime Income Annuity II is issued by New York Life Insurance and Annuity Corporation (NYLIAC), a Delaware Corporation, a wholly owned subsidiary of New York Life Insurance Company, 51 Madison Avenue, New York, NY 10010. All guarantees are based on the claims-paying ability of New York Life Insurance and Annuity Corporation. Available in jurisdictions where approved.
*These figures are effective as of {date} and are subject to change at any time. Based on the life with cash refund option, male annuitant with $100,000. Payout amounts for female applicants, who have longer life expectancies, are lower. In the state of MT, payout amounts do not differentiate male and female life expectancies. Payouts are subject to change and will vary dependent on age, gender, payout option and premium amount, and interest in effect at time of policy issue. For most jurisdictions, the policy form number for the Guaranteed Lifetime Income Annuity II is ICC11-P103; it may be 211-P103, and state variations may apply.
New York Life Guaranteed Future Income Annuity II3
Issue Age |
Deferring Income Start Date |
Single Life |
Joint Life |
|---|
Based on the life with cash refund option for a policy purchased by a male annuitant with $100,000. These payout rates, which include both interest and return principal. The rates represent the annualized payout as percent of total premium.
3. The New York Life Guaranteed Future Income Annuity II is issued by New York Life Insurance and Annuity Corporation (NYLIAC), a Delaware Corporation, a wholly owned subsidiary of New York Life Insurance Company, 51 Madison Avenue, New York, NY 10010. Guarantees are subject to contract terms, exclusions and limitations, and the claims-paying ability of NYLIAC. This contract is irrevocable, has no cash value and no withdrawals are permitted prior to the income start date. Income payments are guaranteed at least as long as the annuitant is living, provided the annuitant is alive on the designated income start date. Contracts in which a Life Only payout option is selected do not provide a death benefit either prior to, or after, the designated start date. Available in jurisdictions where approved.
*These figures are effective as of {date} and are subject to change at any time. Based on the life with cash refund option, male annuitant with $100,000. Payout amounts for female applicants, who have longer life expectancies, are lower. In the state of MT, payout amounts do not differentiate male and female life expectancies. Payouts are subject to change and will vary dependent on age, gender, payout option and premium amount, and interest in effect at time of policy issue. For most jurisdictions, the policy form number for the Guaranteed Lifetime Income Annuity II is ICC11-P103; it may be 211-P103, and state variations may apply.
New York Life Clear Income Advantage Fixed Annuity4
Issue Age |
Deferring Income Start Date |
Single Life |
Joint Life |
|---|
Based on the life with cash refund option for a policy purchased by a male annuitant with $100,000. These payout rates, which include both interest and return principal. The rates represent the annualized payout as percent of total premium.
4. The New York Life Clear Income Advantage Fixed Annuity–FP Series, a fixed deferred annuity with a Guaranteed Lifetime Withdrawal Benefit (GLWB) Rider, is issued by New York Life Insurance and Annuity Corporation (NYLIAC) (A Delaware Corporation), a wholly owned subsidiary of New York Life Insurance Company, 51 Madison Avenue, New York, NY 10010. Rates are subject to change at any time. All guarantees are dependent upon the claims-paying ability of NYLIAC. Products available in approved jurisdictions. There is an annual rider fee of 0.95% of the Accumulation Value that is deducted quarterly.
*These figures are effective as of {date} and are subject to change at any time. Based on the life with cash refund option, male annuitant with $100,000. Payout amounts for female applicants, who have longer life expectancies, are lower.
Withdrawals greater than the GLWB amount during the first 7 years of the policy may be subject to surrender charges.
In most jurisdictions, the policy form number for the New York Life Clear Income Advantage Fixed Annuity–FP Series is ICC22D-P02; in some states it may be NC22D-P02, and state variations may apply. In most jurisdictions, the rider form number for the Guaranteed Lifetime Withdrawal Benefit Rider is ICC22D-R01; in some states,it may be NC22D-R01, and state variations may apply. The rider form number for the Living Needs Benefit/Unemployment Rider is ICC09-R100; in some states, it may be 209-100, and state variations may apply.
New York Life Clear Income Fixed Annuity-FP Series5
Premium Amount |
Book Value |
MVA |
Income Base Annual Increase Rate (Roll-Up Rate)7 |
|---|
BOOK VALUE — LIFETIME WITHDRAWAL RATE
(Percent of Income Base that determines your guaranteed income payments)
Age at First Withdrawal |
Single Life Policy |
Joint (Spousal) Life Policy |
|---|
MVA — LIFETIME WITHDRAWAL RATE
(Percent of Income Base that determines your guaranteed income payments)
Age at First Withdrawal |
Single Life Policy |
Joint (Spousal) Life Policy |
|---|
Rates are effective {date} and are subject to change at any time.
5. The New York Life Clear Income Fixed Annuity-FP Series, a fixed deferred annuity with a Guaranteed Lifetime Withdrawal Benefit (GLWB) Rider, is issued by New York Life Insurance and Annuity Corporation (NYLIAC), a Delaware Corporation, a wholly owned subsidiary of New York Life Insurance Company, 51 Madison Avenue, New York, NY 10010. Rates are subject to change to any time. All guarantees are dependent upon the claims-paying ability of NYLIAC. Products available in approved jurisdictions. Not available in New York. There is an annual rider fee of 0.75% of the Accumulation Value that is deducted quarterly.
6. Withdrawals during the first 7 years of the policy may be subject to surrender charges and/or a Market Value Adjustment (MVA). Withdrawals made prior to age 59½ may be subject to a 10% IRS penalty. The interest rate is an effective annual yield based upon a nominal rate that is compounded daily. Yields assume no additions or withdrawals made during the guaranteed period. After the initial guaranteed interest rate period, the policy will receive a renewal rate that is guaranteed for one year. The Guaranteed Minimum Interest Rate (GMIR) is 1%. Please call your representative for current interest rates on premium amounts of $1,500,000 or more. Policies with premium amounts of $1 million or more require prior NYLIAC approval.
An MVA only applies when the policy owner surrenders or makes a withdrawal from the contract that is greater than the surrender-charge-free withdrawal amount during the surrender-charge period and will add or deduct an amount from your annuity or from the withdrawal amount you receive based on a formula and the prevailing interest rate environment.
7. The Income Base is a value upon which the lifetime withdrawal benefit amount is calculated. It is separate from the Accumulation Value and has no cash value.
