Asset Preserver® Universal Life Insurance At-a-Glance

NYLIAC Asset Preserver ¹ is an innovative single premium Universal Life policy designed especially for people who want to protect their assets from the potentially overwhelming costs of long term care (LTC).

Unlike other Universal Life policies, NYLIAC Asset Preserver has an option that enables policyowners to access the policy’s death benefit income tax free during the insured’s lifetime to help cover the cost of long term care. The benefit remaining in the policy at the death of the insured is paid to the beneficiaries as a life insurance proceeds, generally free of income tax.

The LTC coverage is flexible, and you select a monthly long term care benefit that’s right for you. Asset Preserver can help pay for the cost of home care, assisted living, adult day-care or nursing home confinement. You, your doctor, and your family make the decision.

This policy also comes with a Lifetime Money-back Guarantee.² Please see the Fact Sheet for details.

NYLIAC Asset Preserver Universal Life Helpful Facts

WHAT IS IT?	NYLIAC ASSET PRESERVER UNIVERSAL LIFE IS
	The NYLIAC Asset Preserver is a single premium universal life policy designed to meet the needs of those seeking to protect their assets from depletion due to the potentially overwhelming cost of long term care(LTC).
QUICK FACTS	A Permanent life insurance coverage fully funded by a single premium payment A death benefit that is usually excluded from income taxes Protects your assets by helping you avoid spending hard earned assets to pay for LTC Ability to access the death benefit during the insured's lifetime for long-term care expenses you select the monthly benefit that’s right for you The accelerated death benefit may be used to help pay for the cost of home care, assisted living, adult day-care, or nursing home confinement A lifetime money back guarantee- If at any time you wish to surrender the policy, simply notify your agent and after completing the necessary forms, you’ll receive an amount equal to the greater of the total premium paid or the cash surrender value (but never less than you paid into the policy)2
A GOOD CHOICE WHEN	When you want to preserve your assets, you want to keep your estate intact to pass on to heirs and to worry about it being depleted by long-term care costs

NYLIAC Asset Preserver Universal Life in Action

John Ellis (65) bought a NYLIAC Asset Preserver because he wanted to protect his assets from the high cost of long term care. Over the years he had accumulated a large estate and wanted to be sure he could pass that intact to his heirs. Unfortunately, John suffered a stroke just before his 70th birthday and has been confined to a nursing home for the past three years. The Asset Preserver is helping to pay for his long-term care costs and enabling him to keep his estate whole.

Available Riders

Extension of Benefits pays additional benefits (for qualified long term care services only), after all policy values have been depleted by long term care costs included at no additional cost on policies selecting either the LTC 36+ or LTC 48+ LTC Benefit Payment Options.

Spouse's Paid-Up Insurance Purchase Option Rider allows an eligible applicant to use the life insurance benefit proceeds at the time of the insured's death to purchase a new single premium paid-up whole life insurance policy on the life of the insured's spouse, without providing evidence of insurability.

*Note that not all riders are available in all jurisdictions; some variations may exist. Some riders are available at no additional cost, while others may increase your premium payment.

¹Issued by New York Life Insurance and Annuity Corporation (A Delaware Corporation), a wholly owned subsidiary of New York Life Insurance Company. This product is not available in: North Carolina and Washington.

²Guarantee is available as long as policy loans or partial cash withdrawals have not been made and no long term care benefits have been paid.

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