Guaranteed Lifetime Income Annuity1 annual income amounts—Montana.
What would more guaranteed income mean to you? Here’s an example of how you can turn a portion of your retirement savings into guaranteed income payments for life. The table below, an example intended for illustrative purposes, shows that, in exchange for a $100,000 premium, a 65-year-old could receive $6,280.32 annually in guaranteed lifetime income—a 6.3% payout rate. He or she will continue to receive this income for the rest of his or her retirement—no matter how long he or she lives.
Annual income and payout rates2 for $100,000 in premium
|Age at issue||Annual income||Annual payout rate
(Includes interest and return of premium)
A New York Life Guaranteed Lifetime Income Annuity can give you more confidence to live a more fulfilling retirement by providing you with a guaranteed stream of income in exchange for a one-time premium payment.
1Issued by New York Life Insurance and Annuity Corporation (a Delaware Corporation) a wholly-owned subsidiary of New York Life Insurance Company. Product available in jurisdictions where approved, Guarantees backed by the claims-paying ability of the issuer.
2Annuity payments consist of both interest and return of premium. Payout rates are not an interest rate. These payout rates and income amounts are effective as of 5/13/19. Based on a no-refund unisex life annuity policy purchased with $100,000. For other payout options and premiums less than $100,000, the payout rates will be lower. Payout rates are subject to change and may vary depending on premium amount, age, gender, income option selected, and interest rates in effect at policy issue.