New York Life Annuities-at-a-Glance

Whether you're looking to safely grow your retirement assets, or turn your retirement savings into a stream of income, New York Life offers solutions made for you and your retirement goals. Here's a quick overview of the types of annuities we offer and how each is designed to help turn a good retirement into a great retirement.

A guaranteed income annuity can provide:

  • A guaranteed lifetime income stream that starts when you need it to.
  • Fixed income payments that are not subject to the markets ups and downs, backed by a company you know and trust.
  • The ability to adjust your income to help meet future economic conditions.1
  • Additional features to access a portion of your money if you need it.2
  • Income covering the lives of one or two people.
  • Potential legacy options for your beneficiaries.

A fixed deferred annuity can give you:

  • Competitive, guaranteed1 fixed interest rates.3
  • Growth that’s tax deferred.
  • Access to your money when you need it.4
  • Control over when you receive your money and pay taxes on the earnings.
  • Protection for your beneficiaries through a guaranteed death benefit.5
  • The ability to generate an income stream guaranteed to last your entire life.

Talk to your financial advisor today to find out which product is the right one for you.

  1. Restrictions and limitations may apply. Options available at issue may vary.
  2. Policy owner must be at least age 59½. Other restrictions, limitations, taxes, and penalties may apply. The Guaranteed Future Income Annuity does not allow for liquidity during the deferral period.
  3. Interest rates are effective annual yields.
  4. Withdrawals may be subject to regular income tax and, if made prior to age 59½, may be subject to a 10% IRS penalty. Surrender charges and other restrictions may apply. Be sure to read the product fact sheet carefully and speak to your financial advisor to learn more.
  5. 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.

This is a general overview of two types of annuities, please ask your rep for more information and a product fact sheet prior to making any decision.