News and insights
Discover a curated list of articles in the popular press explaining how annuities can help investors enjoy a financially secure future. Discover insights from New York Life thought leaders on the latest developments and industry trends and see what the experts are saying about protecting assets, generating retirement income, and developing a comprehensive spending strategy that fosters a fulfilling retirement.
2023
September 4, 2023
Podcast hosts Lauren Goodwin and Julia Hermann sit down with Todd Taylor, Head of Retail Annuities at New York Life, to assess how investors use annuities as part of a balanced set of financial tools.
July 22, 2023
New York Life is once again on Barron’s 100 Best Annuities for Today’s Market.
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Important Information
Annuities are long-term financial products used for retirement purposes which contain certain fees and charges and there are risks, restrictions, and limitations to consider. The variable investment options of variable annuities are subject to market risk including possible loss of principal.
What are the “ratings” Barron’s refers to?
The "Rating" is a financial strength rating from A.M. Best for the insurance company noted. The “New York Life” rating is for New York Life Insurance Company(NY,NY) and its subsidiary, New York Life Insurance and Annuity Corporation(NYLIAC), a Delaware Corporation. Current ratings are; Standard & Poor’s (AA+); A.M. Best (A++); Moody’s (Aaa); and Fitch (AAA). Source: Individual Third-Party Ratings Reports as of 10/18/2022.
What are the New York Life products referenced in the article?
The Contracts noted are the New York Life Premier Variable Annuity- FP Series(Contact Form#: ICC18V-P06 or it may be NC18V-P06) and the New York Life IndexFlex Variable Annuity–FP Series (Contact Form #ICC20V-P02 or it may be NC20V-P02). Rates noted are for a $100,000 minimum premium investment, are as of 8/22/2022 and are subject to change. The variable annuities are issued by New York Life Insurance and Annuity Corporation (NYLIAC).
What is the article referring to by its reference to “protection”? The protection noted for the Premier VA is the Investment Preservation Rider - FP Series(IPR) (Contract Form #ICC19V-R02 or it may be NC19V-R02), an optional rider made available for an additional fee. The IPR offers a guarantee by the issuer that all premium payments made in the first policy year (less any proportional withdrawals) are guaranteed against loss after the completion of a holding period. 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. There is an opportunity to reset the IPR to the accumulation value on an annual basis. In the case of the IndexFlex Variable Annuity, this product offers a fixed Index-Linked Account option, in which the annuity issuer guarantees that any assets invested in this option will not lose value.
Please consider the charges, risks, expenses, and investment objectives carefully before purchasing a variable annuity. The prospectus contains this and other information and can be obtained from a financial professional. Read the prospectus carefully before you invest or send money.
NYLIFE Distributors LLC (Member FINRA/SIPC), is a New York Life company and the wholesale distributor and underwriter for the New York Life variable annuity contacts noted in the table. The contracts are offered through properly licensed registered representatives of a third party registered broker dealers. Similar variable annuity contracts are offered by properly licensed registered representatives through NYLIFE Securities LLC (member FINRA/SIPC), a licensed insurance agency and New York Life company.
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July 26, 2023
“In today’s economic environment, it’s essential to do your due diligence about the firms you’re choosing. Your clients are counting on you to make sure that the promises you and your partner firms are making today can be kept decades into the future,” said Philip E. Caminiti, Managing Director of Retail Annuities, New York Life.
May 30, 2023
Read comments from retirement planning experts on the benefits annuities can offer to create an income stream that is guaranteed for life.
May 4, 2023
Todd Taylor, Head of Retail Annuities at New York Life, shares why annuities can be a valuable addition to a retirement strategy, regardless of market and economic conditions.
April 10, 2023
Retirees usually grapple with several concerns when deciding how to spend retirement savings. There are big uncertainties — longevity, health shocks, inflation, market volatility…spending down savings must be constantly weighed against the possibility of running out of money.
March 10, 2023
“…we attributed our success in 2022 to three main drivers,” said Todd Taylor, head of Retail Annuities for New York Life. “A diversified product and distribution strategy, the company’s triple-A rating and a high level of customer service powered the company to the top.”
March 8, 2023
The largest mutual insurer in the United States, New York Life claimed nearly a 7% market share and increased its annuity sales by 70% over 2020 – when it finished fifth in LIMRA's rankings.
January 19, 2023
You buy an annuity to create guaranteed lifetime income or to protect your principal while earning a guaranteed interest rate or both
January 18, 2023
“New York Life is offering three-year MYGAs yielding 4.05%, up from 1.75% a year ago. That’s a 131% increase in payout,” said Todd Taylor, Head of Retail Annuities at New York Life.
2022
November 11, 2022
“Regardless of whether you connect with clients in person or virtually, the fundamentals of establishing relationships and building trust remain the same,” said Phil E. Caminiti, Managing Director, Retail Annuities, New York Life.
September 15, 2022
The annuity industry reported record sales in the first half of this year. Leading the pack was none other than New York Life. In this episode, Todd Taylor, Head of Retail Annuities for the company discusses the state of the industry and what we might expect the rest of the year.
July 25, 2022
Sales of annuities are booming as investors chase their solid fixed-income yields, and, increasingly, their potential to capture any stock market rally.
July 15, 2022
In addition to higher interest, sales “are part of a de-risking strategy” by consumers, stemming from “the double whammy of stocks and bond funds both going down,” according to Todd Taylor, Head of Retail Annuities at New York Life.
July 7, 2022
Todd Taylor will succeed Dylan Huang, who is also moving up at New York Life.
July 7, 2022
Having joined the company in 2008 and taken roles of increasing responsibility in life, annuities, and corporate, Taylor most recently led strategy and analytics for Retail Annuities.
May 4, 2022
Guaranteed lifetime income is a cost-effective way to insure against the risk of running out of money during very old age.
April 18, 2022
DeSanto will serve at 19th Chief Executive in company’s 177-year history.
April 14, 2022
"While the draw of robo advisers can be alluring, there are some things that an app simply can’t do," said Dylan Huang, Head of Retirement and Wealth Solutions, New York Life.
April 5, 2022
Guaranteed income can make participants more likely to stick with their portfolio during times of higher volatility, my research shows.
March 11, 2022
"In the current environment, retirement savers are looking for solutions that offer growth opportunities while limiting downside risk. Investors will appreciate a financial adviser who truly understands their needs and helps them put their money to work," said Philip Caminiti, Managing Director, Head of Sales and Relationship Management.
Investments and Wealth Monitor
January/February 2022
