Overview
Overview
A long‐term financial product designed to help investors save for retirement. Premier Variable Annuity offers tax deferral, a wide variety of investment options, and an optional Investment Preservation Rider–FP Series (IPR)1, which protects your first year premium—and additional potential growth—from down markets.
Invest with confidence when you purchase a principal guarantee1. By protecting your initial investment from down markets, our optional Investment Preservation Rider–FP Series (IPR)2 can help you worry less about market losses and invest with optimism, with up to 70% equity exposure that is not capped. In fact, our research shows that investors who purchased an IPR guarantee tend to invest more in equities than those without a guarantee3.
1. Guarantees are dependent on the claims-paying ability of New York Life Insurance and Annuity Corporation (NYLIAC), so it is important to know that New York Life and NYLIAC have the highest ratings for financial strength currently awarded to any U.S. life insurer by all four major ratings agencies: AM Best (A++), Fitch (AAA), Moody’s (Aaa), and Standard & Poor’s (AA+). Source: Individual Independent rating agency commentary as of 10/19/2023.
2. The IPR does not protect the account value from day-to-day market fluctuations or against losses that could be realized prior to the completion of the holding period. That means the rider will not provide a benefit if the policy is not held for the entire holding period after it is elected or reset. Withdrawals reduce the IPR guaranteed amounts proportionally, which may be more than the actual dollar amount withdrawn; so the rider is not intended for clients who anticipate taking substantial withdrawals (including IRS Required Minimum Distributions) prior to the completion of the IPR holding period. The maximum target allocation to equity is 70% so investors may not achieve the full risk or return potential of the market.
3. Source: 2023 New York Life internal study assessing equity-holding NYL VA policyholders with and without Accumulation Benefit (AB) riders who were between the ages of 50 and 70, had an initial premium into the policy of $50,000 to $150,000, and who were issued the policy between the years of 2008 and 2011. the policies stayed active through 2020 allowing 10-year tracking.
Don’t pay for growth with our exclusive, premium-based level Mortality & Expense (Level M&E) fee structure option. When investors select the Level M&E option, the product charges are based on the amount invested, not on the accumulation value of the policy. While fees from other accounts may be rising or falling with the market, charges under Premier will never go up.
Create a financial legacy with cost-effective death benefit protection, provided with every Premier policy at no additional charge. What’s more, when investors hold their policy through the initial surrender-charge period, they will be eligible for a one-time death benefit increase. For maximum legacy protection, an optional death benefit enhancement rider is also available for an additional cost.
Rates
Rates
New York Life Premier Variable Annuity–FP Series
FIXED ACCOUNT
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DOLLAR-COST AVERAGING (DCA) ADVANTAGE PLAN RATES2
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DOLLAR-COST AVERAGING (DCA) ADVANTAGE EFFECTIVE YIELD2
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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