Overview
Overview
Innovative solutions for retirement investors seeking growth potential.
Options for Principal Protection
Our accumulation-focused variable annuities offer optional principal protection features for purchase that offer market growth potential and guarantee no loss of the initial investment.
Investment Flexibility
With a range of attractive investment options from well-established asset managers, our variable annuities can help investors create a strategy that reflects their personal investment goals.
Tax Advantaged Growth
By investing in a tax-deferred variable annuity, investors may benefit from more investment growth over time.1
Variable annuities are long-term financial products designed to help investors save for retirement. They offer tax deferral, a choice of investment options, and a death benefit. Variable annuities are subject to market risk including the possible loss of principal.
1. Withdrawals or surrenders may be subject to ordinary income taxes and, if made prior to age 59½, may be subject to a 10% IRS penalty. Surrender charges may also apply. For costs and complete details, investors should contact a financial professional.
Literature
Literature
Literature
Easily access all of the New York Life variable annuity sales and marketing materials in one place.
- Fact Sheet: Premier Variable Annuity
- Client Brochure: Premier Variable Annuity
- Investment Options Guide: Premier Variable Annuity
- Prospectus and Legal Documents: Premier Variable Annuity
- Performance Summary for Level M&E fee structure policies
- Performance Summary for Traditional fee structure policies
To view applications and additional materials, visit the Literature library.
Rates
Rates
New York Life IndexFlex Variable Annuity–FP Series
CAP RATE
S&P 500® Price Return Index (S&P 500)3
Premium Payment |
5 Year |
6 Year |
7 Year |
|---|
CAP RATE
Russell 2000® Price Return Index (Russell 2000)4
Premium Payment |
5 Year |
6 Year |
7 Year |
|---|
FLAT RATE
S&P 500® Price Return Index (S&P 500)3
Premium Payment |
5 Year |
6 Year |
7 Year |
|---|
FLAT RATE
Russell 2000® Price Return Index (Russell 2000)4
Premium Payment |
5 Year |
6 Year |
7 Year |
|---|
CAP RATE
S&P 500® Price Return Index (S&P 500)3
Premium Payment |
5 Year |
6 Year |
7 Year |
|---|
CAP RATE
Russell 2000® Price Return Index (Russell 2000)4
Premium Payment |
5 Year |
6 Year |
7 Year |
|---|
FLAT RATE
S&P 500® Price Return Index (S&P 500)3
Premium Payment |
5 Year |
6 Year |
7 Year |
|---|
FLAT RATE
Russell 2000® Price Return Index (Russell 2000)4
Premium Payment |
5 Year |
6 Year |
7 Year |
|---|
FIXED ACCOUNT
The Fixed Account (available where approved) is credited with a fixed interest rate. All guarantees, including the guaranteed minimum interest rate, are backed by the issuer, New York Life Insurance and Annuity Corporation (NYLIAC).
Surrender Charge Period |
5 Years |
6 Years |
7 Years |
|---|
Rates are as of {date} and are subject to change.
3. The S&P 500® Index includes 500 large cap stocks from leading companies in leading industries of the U.S. economy, capturing approximately 80% coverage of U.S. equities. The S&P 500® Index does not include dividends declared by any of the companies in this Index. S&P® and S&P 500® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”) and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). The foregoing trademarks have been licensed for use by S&P Dow Jones Indices LLC and sublicensed for certain purposes by New York Life. The S&P 500® index is a product of S&P Dow Jones Indices LLC and has been licensed for use by New York Life. New York Life IndexFlex Variable Annuity–FP Series is not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P or their respective affiliates and neither S&P Dow Jones Indices LLC, Dow Jones, S&P nor their respective affiliates make any representation regarding the advisability of investing in such product(s).
4. The Russell 2000® Index measures the performance of the small cap segment of the U.S. equity universe. The Russell 2000® is a subset of the Russell 3000® Index representing approximately 10% of the total market capitalization of that index. The Russell 2000® Index represents approximately 10% of the total market capitalization of the Russell 3000® Index. The Russell 2000® Index includes approximately 2000 of the smallest securities based on a combination of their market capitalization and current index membership. The Russell 2000® Index does not include dividends declared by any of the companies in the Index.
The New York Life IndexFlex Variable Annuity–FP Series (IndexFlex) has been developed solely by New York Life. IndexFlex is not in any way connected to or sponsored, endorsed, sold or promoted by the London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). FTSE Russell is a trading name of certain of the LSE Group companies.
All rights in the Russell 2000® Index (the “Index”) vest in the relevant LSE Group company which owns the Index. “Russell®” is a trademark of the relevant LSE Group company and is/are used by any other LSE Group company under license.
The Index is calculated by or on behalf of FTSE International Limited or its affiliate, agent or partner. The LSE Group does not accept any liability whatsoever to any person arising out of (a) the use of, reliance on or any error in the Index or (b) investment in or operation of IndexFlex. The LSE Group makes no claim, prediction, warranty or representation either as to the results to be obtained from IndexFlex or the suitability of the Index for the purpose to which it is being put by New York Life.
Variable annuities are long-term financial products used for retirement savings. There are fees, expenses, limitations and risks associated with this policy. All guarantees, including death benefit payments, are dependent on the claims-paying ability of NYLIAC and do not apply to the investment performance or safety of the underlying variable Investment Divisions, as they are subject to market risks and will fluctuate in value. Withdrawals may be subject to ordinary income taxes and if made prior to age 59½ may be subject to a 10% IRS penalty tax. For costs and complete details, contact a financial professional.
This material is general in nature and is being provided for informational purposes only. It was not prepared, and is not intended, to address the needs, circumstances and/or objectives of any specific individual or group of individuals. New York Life and its affiliates are not making a recommendation to purchase any specific products. For advice regarding your personal circumstances, you should consult with your own independent financial and tax advisors.
This flyer is not a complete description of the New York Life IndexFlex Variable Annuity–FP Series product and is authorized for use by the general public only if preceded or accompanied by the product and funds prospectuses. Investors are asked to consider the investment objectives, risks, charges, and expenses of the investment carefully before investing. The prospectuses contain this and other information about the product and underlying investment options. Please read the prospectuses carefully before investing.
Products and features are available where approved. In most jurisdictions, the policy form numbers are as follows (state variations may apply): New York Life IndexFlex Variable Annuity–FP Series (ICC20V-P02 or it may be NC20V-P02).
Please refer to the product prospectus for more information. New York Life Variable Annuities are issued by New York Life Insurance and Annuity Corporation (“NYLIAC”), a Delaware Corporation. NYLIFE Distributors LLC, Member FINRA/SIPC, is the wholesale distributor and underwriter for these products. Both NYLIAC and NYLIFE Distributors LLC are wholly owned subsidiaries of New York Life Insurance Company, 51 Madison Avenue, New York, NY 10010. Variable annuities offered through properly licensed registered representatives of a third party registered broker dealer.
New York Life Premier Variable Annuity–FP Series
FIXED ACCOUNT
Effective Date |
Fee Structure |
Base Rate |
|---|
DOLLAR-COST AVERAGING (DCA) ADVANTAGE PLAN RATES2
Duration |
Fee Structure |
Rate |
|---|
DOLLAR-COST AVERAGING (DCA) ADVANTAGE EFFECTIVE YIELD2
Duration |
Fee Structure |
Rate |
|---|
Rates are as of {date} and are subject to change.
2. Available in states where approved. Only new premium payments may be allocated to the DCA Advantage Account/Plan. Money may not be transferred into the DCA Advantage Account/Plan from any of the Investment Divisions or the Fixed Accounts. Money in the DCA Advantage Account/Plan only earn the DCA Advantage Account/Plan interest rates while it is in the account waiting to be transferred into the Investment Divisions. Because the money is periodically transferred out of the DCA Advantage Account/Plan, amounts in the DCA Advantage Account/Plan will not achieve the declared annual effective rate. Once money has been transferred to the Investment Divisions, it is subject to market risks and will fluctuate in value. A program of dollar-cost averaging does not guarantee a profit or protect against losses in declining markets. Investors must consider their financial ability to continue investing systematically during periods of declining unit values.
The DCA rate will be higher than "Actual Yield," which is the amount an investor may expect to earn on a $100,000 premium over the course of the 6-month DCA program. The DCA rate applies only to the amount in the account, excluding the funds moved into equities.
Issued by: New York Life Insurance and Annuity Corporation (A Delaware Corporation)
Distributed by: NYLIFE Distributors LLC. (Member FINRA), 51 Madison Avenue, New York, NY 1001
Prices and Performance
Prices and Performance
New York Life Premier Variable Annuity–Premium Based M&E Fee
This daily updated chart is your resource for tracking the accumulation unit values of the Investment Divisions of the New York Life Premier Variable Annuity – FP Series. For current to the most recent month-end performance information including average annual total return, please click on the Performance Summary in the Literature section above.
Performance data quoted represents past performance. Past performance is no guarantee of future results. Due to current market volatility, current performance may be lower or higher than the figures shown. The investment return and the accumulation value of your policy will fluctuate so that a policy, when surrendered, may be worth more or less than the premium payments.
All performance reflects the percentage change for the period shown with capital gains and dividends reinvested. The New York Life Premier Variable Annuity – FP Series Premium Based M&E Fee differs from many other variable annuity polices in that the Mortality and Expense Risk and Administrative Costs Charge is calculated as a percentage of the Adjusted Premium Payments under the policy (excluding premiums allocated to the Fixed Account), rather than as a percentage of Separate Account assets. Therefore, the 1.30% charge during the surrender charge period and 1.10% after the surrender charge period is not reflected in the performance of the Investment Divisions, but will be deducted on a quarterly basis by reducing the number of Accumulation Units in the Investment Divisions you have selected. In a rising market, since each Accumulation Unit will have a relatively greater value, fewer Accumulation units will be deducted from your policy for the Mortality and Expense Risk and Administrative Cost Charge. In a declining market, since each Accumulation Unit will have a relatively lower value, more Accumulation Units will be deducted from your policy for the Mortality and Expense and Administrative Cost Charge. The value of your policy will depend on the number of accumulation units you own and the value of those units.
A policy service charge of $30, is not included in these charges, but will be deducted each year from the policy's Accumulation Value on the policy anniversary and upon surrender if on that date the Accumulation Value is less than $100,000. The Investment Divisions offered under the New York Life Premier Variable Annuity – FP Series and described herein are different from mutual funds that may have similar names but are available directly to the general public. Investment results may differ. The policies were first offered for sale on November 20, 2017.
Investors are asked to consider the investment objectives, risks , charges, and expenses of the investment carefully before investing. Both the product prospectus and the underlying fund prospectuses contain this and other information. Please read the prospectuses carefully before investing.
To obtain a current product and fund prospectus call the New York Life Annuity Service Center at 1–800–762–6212 or click on the prospectus link in the Literature section above.
For standardized quarter-end 1-year, 5-year, and 10-year/Life performance for this variable annuity, please click here.
| Fund Name | Current AUV | Prior AUV | AUV Change | % Change |
|---|
New York Life Premier Variable Annuity–Account Value Based M&E Fee
This daily updated chart is your resource for tracking the accumulation unit values of the Investment Divisions of the New York Life Premier Variable Annuity – FP Series. For current to the most recent month-end performance information including average annual total return, please click on the Performance Summary in the Literature section above.
Performance data quoted represents past performance. Past performance is no guarantee of future results. Due to current market volatility, current performance may be lower or higher than the figures shown. The investment return and the accumulation value of your policy will fluctuate so that a policy, when surrendered, may be worth more or less than the premium payments.
For the New York Life Premier Variable Annuity – FP Series Accumulation Value Based M&E Fee all performance reflects the percentage change for the period shown with the capital gains and dividends reinvested and includes an annualized Separate Account Expense Charge of 1.20% during the surrender charge period and 1.00% after the surrender charge period expires.
A policy service charge of $30, is not included in these charges, but will be deducted each year from the policy's Accumulation Value on the policy anniversary and upon surrender if on that date the Accumulation Value is less than $100,000. The Investment Divisions offered under the New York Life Premier Variable Annuity – FP Series and described herein are different from mutual funds that may have similar names but are available directly to the general public. Investment results may differ. The policies were first offered for sale on November 20, 2017.
Investors are asked to consider the investment objectives, risks, charges, and expenses of the investment carefully before investing. Both the product prospectus and the underlying fund prospectuses contain this and other information. Please read the prospectuses carefully before investing.
To obtain a current product and fund prospectus call the New York Life Annuity Service Center at 1–800–762–6212 or click on the prospectus link in the Literature section above.
For standardized quarter-end 1-year, 5-year, and 10-year/Life performance for this variable annuity, please click here.
| Fund Name | Current AUV | Prior AUV | AUV Change | % Change |
|---|
New York Life IndexFlex Variable Annuity
This daily updated chart is your resource for tracking the accumulation unit values of the Investment Divisions of the New York Life IndexFlex Variable Annuity.
Performance data quoted represents past performance. Past performance is no guarantee of future results. Due to current market volatility, current performance may be lower or higher than the figures shown. The investment return and the Accumulation Value of your policy will fluctuate so that a policy, when surrendered, may be worth more or less than the premium payments. All performance reflects the percentage change for the period shown with the capital gains and dividends reinvested and includes an annualized Mortality and Expense Risk and Administrative Cost Charge of 1.30% for the 5 year surrender charge period.
The Investment Divisions offered under the New York Life IndexFlex Variable Annuity–FP Series and described herein are different from mutual funds that may have similar names but are available directly to the general public. Investment results may differ. The policies were first offered for sale on January 19, 2021.
For standardized quarter-end 1-year, 5-year, and 10-year/Life performance for this variable annuity, please click here.
| Fund Name | Current AUV | Prior AUV | AUV Change | % Change |
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