A secure income during retirement
Like many retirees, you've probably spent years saving for retirement in the hope that you will have enough money to enjoy life for years to come. These days, however, you may be hesitant to spend that nest egg because you are not sure how long you will need it to last. What’s more, market volatility may have eaten away at some of the assets you were counting on during retirement.
Learn about retirement income strategies
There are many retirement strategies out there that retirees have used, only to find out that they just don’t provide enough income on a consistent basis, or they are not guaranteed to last their entire life. What retirees are looking for, now more than ever, is a retirement income that is secure and one they can count on throughout retirement.
The good news is that there is a proven way to provide a lifetime retirement income that is guaranteed for as long as you live. A fixed immediate income annuity is the answer. With an income annuity from New York Life, you can have guaranteed lifetime income that is not affected by what happens in the financial markets. That means a retirement check every month, for the rest of your life – no matter what. In addition, New York Life Guaranteed Lifetime Income Annuity offers a number of useful features including a cash refund option that returns any remaining premium to your beneficiaries.
Guaranteed Lifetime Income annuities are a terrific way to help provide a secure retirement income. It can be a sound solution that provides peace of mind knowing that the money will always be there month after month.
New York Life*, one of the strongest and most financially stable insurance companies, is an industry leader in providing income annuities and is dedicated to helping Americans establish a secure income stream during retirement.
*New York Life refers New York Life Insurance and Annuity Corporation (NYLIAC), a wholly owned subsidiary of New York Life Insurance Company. New York Life Guaranteed Lifetime Income Annuity contracts are issued by and solely the obligation of NYLIAC. Guarantee based on the claims paying ability of the issuer. Annuity payments include return of premium.
For most jurisdictions, the policy form number for the New York Life Guaranteed Lifetime Income Annuity is 211-P100.