Guaranteed Investment Contract (GIC)
New York Life Insurance Company's (New York Life) Guaranteed Investment Contract (GIC) is a group annuity contract designed for use in qualified retirement programs that credits a fixed rate of interest for a specified period of time.
Guarantee Plus guarantees a return tied to the Barclays Capital U.S. Aggregate Bond Index and delivers a 50% participation in the portfolio’s excess performance above a performance threshold retained quarterly by New York Life.
The New York Life Anchor Account is a New York Life Insurance Company separate account invested in high-quality fixed-income securities. It seeks to maintain a return similar to a short-term bond fund with a risk profile similar to a money market fund and is designed for use as a stable value option in a defined contribution plan.
Short Dated Funding Agreements
New York Life's Funding Agreements are designed for use in the non-qualified market to provide a low risk stable value investment that offers preservation of principal and accumulated interest. Fixed and floating rate as well as fixed and evergreen maturity instruments are available for clients including: Money Market Funds, Securities Lending Programs, Corporate and Institutional programs, Endowments, Federal and State Government Programs, Section 457 Plans and Trusts.
Guaranteed Interest Account (GIA)
The New York Life Guaranteed Interest Account (GIA), which is designed for use as a Stable Value option within a Defined Contribution plan, is a General Account Group Annuity Contract. The Account seeks to provide a low risk stable investment, offering competitive yields and limited volatility, with a guarantee of principal and accumulated interest and liquidity to meet participant-initiated benefit needs.
Terminal Funding and Single Premium Group Annuity Contracts
Both products are non-participating group annuity contract designed to provide guaranteed fixed annuity benefits payable under qualified pension plans. They provide plan sponsors with a secure vehicle to purchase guaranteed fixed annuity benefits for retiring plan participants.
Not Open to New Clients
- Market Master Contracts
- Pooled Funding Contracts
- Deferred Annuity, Deposit Administration & Flexible Funding (FFs) Contracts
For further information on the products above please contact: