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New York Life IndexFlex Variable Annuity – FP Series (IndexFlex)

 

 Video thumbnail: Introducing IndexFlex

Investment flexibility and principal guarantees with growth potential.

For investors seeking growth and principal preservation in their retirement savings, IndexFlex is a single premium variable annuity with index-linked, fixed, and variable investment options.

Our hybrid design offers:

  • The certainty of guaranteed principal protection in Index-linked Accounts, offering crediting rate guarantees that remain in effect for the duration of the elected surrender charge period (5, 6, and 7-year Initial Term options). Assets in the Index-linked Account are protected from market loss and are not subject to renewal rate changes until the end of the Initial Term. Guarantees are backed by claims paying ability of the issuer, New York Life Insurance and Annuity Corporation (NYLIAC). Index performance is based on well-known indices—The S&P 500®1 Price Return Index (S&P 500) and Russell 2000®2 Price Return Index (Russell 2000)—not opaque, custom, or hybrid indices.
  • The flexibility of variable and fixed investment options: For unlimited upside potential without the principal preservation of the Index-linked Account, investors can allocate a percentage of their premium across a selection of variable investment options from well-known money managers covering a broad range of investment strategies, including asset allocation options, as well as a fixed account option. The variable investment options involve market risk.
  • The freedom to reallocate as conditions change: IndexFlex investors can allocate to as many or as few options as they prefer; and can change their strategy through optional account transfers. Whether investors allocate their entire premium to the Index-linked Account to maximize principal preservation, invest a percentage of their premium in the variable options for more growth potential, or invest purely in the variable options where there is market risk and possible loss of principal; as market conditions or needs change, investors can change their strategy within a product they already own.

IndexFlex also offers traditional features available in a variable annuity, including:

  • Tax deferral of accumulations, which may help savings grow faster
  • A selection of investment options built from a broad range of asset classes
  • Some access to the account value3
  • Financial legacy protection through a guaranteed death benefit

Call the New York Life Sales Desk at 888.474.7725 for more information.

This daily updated chart is your resource for tracking the accumulation unit values of the Investment Divisions of the New York Life IndexFlex Variable Annuity.

Performance data quoted represents past performance. Past performance is no guarantee of future results. Due to current market volatility, current performance may be lower or higher than the figures shown. The investment return and the Accumulation Value of your policy will fluctuate so that a policy, when surrendered, may be worth more or less than the premium payments. All performance reflects the percentage change for the period shown with the capital gains and dividends reinvested and includes an annualized Mortality and Expense Risk and Administrative Cost Charge of 1.30% for the 5 year surrender charge period.

The Investment Divisions offered under the New York Life IndexFlex Variable Annuity–FP Series and described herein are different from mutual funds that may have similar names but are available directly to the general public. Investment results may differ. The policies were first offered for sale on January 19, 2021.

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Please refer your clients to the appropriate product and fund prospectuses. Investors are asked to consider the investment objectives, risks, charges, and expenses of the investment carefully before investing. Both the product and the underlying fund prospectuses contain this and other information about the product and the underlying investment options. Please remind your clients to read the prospectuses carefully before investing.



1. The S&P 500® Index includes 500 large cap stocks from leading companies in leading industries of the U.S. economy, capturing approximately 80% coverage of U.S. equities. The S&P 500® Index does not include dividends declared by any of the companies in this Index. S&P® and S&P 500® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”) and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). The foregoing trademarks have been licensed for use by S&P Dow Jones Indices LLC and sublicensed for certain purposes by New York Life. The S&P 500® index is a product of S&P Dow Jones Indices LLC and has been licensed for use by New York Life. New York Life IndexFlex Variable Annuity–FP Series is not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P or their respective affiliates and neither S&P Dow Jones Indices LLC, Dow Jones, S&P nor their respective affiliates make any representation regarding the advisability of investing in such product(s).

2. The Russell 2000® Index measures the performance of the small cap segment of the U.S. equity universe. The Russell 2000® is a subset of the Russell 3000® Index representing approximately 10% of the total market capitalization of that index. The Russell 2000® Index represents approximately 10% of the total market capitalization of the Russell 3000® Index. The Russell 2000® Index includes approximately 2000 of the smallest securities based on a combination of their market capitalization and current index membership. The Russell 2000® Index does not include dividends declared by any of the companies in the Index.

The New York Life IndexFlex Variable Annuity–FP Series (IndexFlex) has been developed solely by New York Life Insurance and Annuity Corporation (NYLIAC) . IndexFlex is not in any way connected to or sponsored, endorsed, sold or promoted by the London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). FTSE Russell is a trading name of certain of the LSE Group companies.

All rights in the Russell 2000® Index (the “Index”) vest in the relevant LSE Group company which owns the Index. “Russell®” is a trademark of the relevant LSE Group company and is/are used by any other LSE Group company under license.

The Index is calculated by or on behalf of FTSE International Limited or its affiliate, agent or partner. The LSE Group does not accept any liability whatsoever to any person arising out of (a) the use of, reliance on or any error in the Index or (b) investment in or operation of IndexFlex. The LSE Group makes no claim, prediction, warranty or representation either as to the results to be obtained from IndexFlex or the suitability of the Index for the purpose to which it is being put by New York Life.

3. The total amount paid on any surrender of assets in the variable investment options may be more or less than the total premium payments made. Surrender charges may be applicable to certain withdrawals.

Variable annuities are long–term financial products designed for retirement purposes. There are fees, guidelines, risks, restrictions and limitations to consider. Guarantees are based on the claims–paying ability of New York Life Insurance and Annuity Corporation (NYLIAC) and do not apply to assets in the Investment Divisions as they are subject to market risk and fluctuate in value. Withdrawals or surrenders may be subject to ordinary income taxes and, if made prior to age 59½, may be subject to a 10% IRS penalty. Surrender charges may also apply. For costs and complete details, investors should contact a financial professional.

This material is being provided for informational purposes only, and was not prepared, and is not intended, to address the needs, circumstances and objectives of any individual or groups of individuals. New York Life and its affiliates are not making a recommendation that any of your particular clients purchase any specific products and do not provide tax or legal advice.

New York Life Variable Annuities are issued by New York Life Insurance and Annuity Corporation ("NYLIAC"), a Delaware Corporation. NYLIFE Distributors LLC, Member FINRA/SIPC, is the wholesale distributor and underwriter for these products.

Both NYLIAC and NYLIFE Distributors LLC are wholly–owned subsidiaries of New York Life Insurance Company, 51 Madison Avenue, New York, NY 10010. Variable annuities offered through properly licensed registered representatives of a third party registered broker dealer.

Products and features are available where approved. In most jurisdictions, the policy form numbers are as follows (state variations may apply): New York Life IndexFlex Variable Annuity–FP Series (ICC20V-P02 or it may be NC20V-P02). Please refer to the product prospectus for more information.

For registered representative use.

Variable Annuities | Not FDIC/NCUA Insured | Not Insured by Any Federal Government Agency | Not a Deposit or Other Obligation of, or Guarantee by, the Bank or Any of Its Affiliates | May Lose Value

SMRU 1882655