New york life secure term fixed annuity v

Find an initial interest rate guarantee 1 period to fit client needs, with a rate that won’t fluctuate during the guarantee period.

Solutions that offer flexibility

Give clients the income, flexibility, and security they want in one simple product, with the income generating power of a GLWB rider and the safety of a fixed deferred annuity.

Tax deferred growth

Fixed deferred annuities grow tax deferred so money may ultimately grow faster than in a similar, non-tax-advantaged product.

As the only carrier consistently ranked as a top two FDA provider for over ten years 2 , New York Life is the leader in helping clients grow and protect their retirement savings. Offer clients an annuity they can tailor to their specific needs from a company they know and trust.

1. New York Life fixed annuities are 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 based on the claims-paying ability of the issuer. Products available in jurisdictions where approved.

2. Source: LIMRA as of 12/31/2023

Literature

Literature

Easily access all of the New York Life fixed deferred annuity sales and marketing materials in one place.

To view applications and additional materials, visit the Literature library.

Rates

Rates

New York Life Secure Term Choice Fixed Annuity II

Depending on the period chosen, withdrawals during the first 3, 4, 5, 6, or 7 years of the policy may be subject to surrender charges.

Rates are effective as of and are subject to change at any time. The interest rate is an effective annual yield based upon a nominal rate which is compounded daily. Yields assume no additions or withdrawals made during the guaranteed period. At the end of the initial interest rate guarantee period, the policy will receive a new renewal rate each anniversary that is based on the accumulation value. That rate will not be less than the guaranteed minimum interest rate (GMIR) stated in the policy. For policies issued in New York, the GMIR is redetermined on each policy anniversary following the initial interest rate guarantee period.

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.

Available in jurisdictions where approved and subject to eligibility requirements.

All guarantees are dependent upon the claims-paying ability of NYLIAC. The Return of Premium Benefit, which is effective on the date shown in your clients policy (Return of Premium Effective Date), entitles your client to a return or at least the premium your clients paid, less any prior withdrawals and/or surrender charges related to withdrawals made before the Return of Premium Effective Date. Surrender charges on withdrawals taken on or after the Return of Premium Effective Date, will never exceed the total interest credited to the policy.

To qualify for the old New York Life Fixed Annuity rates, if rates decrease:

Applications MUST be signed and dated prior to the date of change. Money and paperwork must be received at the lockbox no later than 30 days after the application signed date. For transfers/exchanges, applications MUST be signed and dated PRIOR to the date of change. Application and paperwork must be received at the Lockbox IN GOOD ORDER no later than 30 days from the application signed date. Money MUST be received at the Lockbox no later than 60 days from application signed date (part 1 for Reg. 60)

To qualify for the new New York Life Fixed Annuity rates, if rates increase:

Paperwork MUST be signed and dated ON OR AFTER the date of change. Money and paperwork MUST be received in GOOD ORDER at the lockbox within 30 days of the application signed date. For transfers/exchanges, paperwork MUST be signed and dated ON OR AFTER the date of change. Paperwork MUST be received IN GOOD ORDER at the lockbox within 30 days of the application signed date. Money MUST be received at the lockbox no later than 60 days from application signed date (part 1 for Reg. 60)

The policy form number for the New York Life Secure Term Choice Fixed Annuity II is ICC10-P114 in most jurisdictions; in some states, it may be 211-P114, and state variations may apply.

The New York Life Secure Term Choice Fixed Annuity II is issued by New York Life Insurance and Annuity Corporation (A Delaware Corporation), a wholly owned subsidiary of New York Life Insurance Company, 51 Madison Ave, New York, NY 10010.

Investments and insurance products are: Not FDIC/NCUA Insured | Not Insured by Any Federal Government Agency | Not a Deposit or Other Obligation of, or Guaranteed by, the Bank or Any of its Affiliates | May Lose Value