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New York Life Secure Term
Choice Fixed Annuity II1

Steadily growing, safe and secure.

Whether you’re heading for retirement or you’re already there, a fixed deferred annuity from New York Life helps you grow and protect your assets. The money in your fixed annuity, which you invest as a lump sum, earns a guaranteed fixed rate of interest.2, 3 Fixed deferred annuities are not subject to the ups and downs of the stock market and you don’t pay taxes on your earnings until you withdraw them.4 With a fixed deferred annuity, you will also receive protection for your beneficiaries through a guaranteed death benefit.2

New York Life offers several fixed deferred annuities. The New York Life Secure Term Choice Fixed Annuity II allows you to lock in an attractive interest crediting rate for a selected period of time. You may choose from a range of interest rate guarantee periods, including three, four, five, six, or seven years.

New York Life is pleased to announce that a new 4 year rate for term option has been added to the NYL Secure Term Choice II.

Rates effective as of [DATE]5
Premium Amount

1. 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.

2. All guarantees are dependent upon the claims-paying ability of the issuer, New York Life Insurance and Annuity Corporation (NYLIAC), a Delaware Corporation, a wholly owned subsidiary of New York Life Insurance Company. Surrender charges will not be deducted from death benefit proceeds.

3. Interest rates are effective annual yields.

4. Withdrawals may be subject to regular income tax and, if made prior to age 59½ maybe subject to a 10% IRS penalty.  Surrender charges may also apply.

5. Depending on the period chosen, withdrawals during the 3, 4, 5, 6, or 7 years of the policy may be subject to surrender charges. Rates 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 crediting rate will not be less than the guaranteed minimum interest rate (GMIR) stated in the policy. Please call your representative for current interest on premium amounts of $1,500,000 or more. Policies with premium amounts of $1 million or more require prior NYLIAC approval.

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.

  • Not FDIC/NCUA insured
  • Not a Deposit
  • May Lose Value
  • No Bank Guarantee
  • Not Insured by Any Government Agency