Mutual Income Annuities provide a guaranteed source of income for the rest of your life, plus a dividend if New York Life declares one.*
A Steady "Paycheck"
Lifelong income with two options: Income now for people approaching retirement age or future income for younger individuals.
No Market Risk
Your guaranteed income amount will never go down, no matter how the market moves.
Flexible Payment Options
You can increase the amount of guaranteed income using your dividend (if declared), receive dividends as cash, or choose a mix of both.**
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*Dividends are not guaranteed.
**Dividends are paid in cash for policies issued in New York.
Mutual Income Annuity products are issued by New York Life Insurance Company, 51 Madison Avenue, New York, NY 10010. All guarantees are dependent on the claims-paying ability of the issuer. Available in jurisdictions where approved. The policy form number for the New York Lifetime Mutual Income Annuity is 214-P200. The policy form number for the New York Future Mutual Income Annuity is 215-P200. State variations may apply.