Accumulation Unit Values for New York Life Longevity Benefit Variable Annuity
This daily updated chart is your resource for tracking the accumulation unit values of the Investment Divisions of the New York Life Longevity Benefit Variable Annuity. For current to the most recent month-end performance information, including average annual total return, please click on the Performance Summary.
Performance data quoted represents past performance. Past performance is no guarantee of future results. Due to current market volatility, current performance may be lower or higher than the figures shown. The investment return and the Accumulation Value of your policy will fluctuate so that a policy, when surrendered, may be worth more or less than the premium payment. All performance reflects the percentage change for the period shown with capital gains and dividends reinvested but does not include any credits applied. The New York Life Longevity Benefit Variable Annuity differs from many other variable annuity policies in that the Mortality and Expense Risk and Administrative Costs Charge is calculated as a percentage of the Adjusted Premium Payments under the policy (excluding premiums allocated to the Fixed Account that is not transferred to the Investment Divisions), rather than as a percentage of Separate Account assets. Therefore, the 1.35% charge is not reflected in the performance of the Investment Divisions, but will be deducted on a quarterly basis by reducing the number of Accumulation Units in the Investment Divisions you have selected. In a rising market, since each Accumulation Unit will have a relatively greater value, fewer Accumulation Units will be deducted from your policy for the Mortality and Expense Risk and Administrative Cost Charge. In a declining market, since each Accumulation Unit will have a relatively lower value, more Accumulation Units will be deducted from your policy for the Mortality and Expense and Administrative Cost Charge. The value of your policy will depend on the number of accumulation units you own and the value of those units. A policy service charge of $30 is not included in these charges, but will be deducted each year from the policy’s Accumulation Value on the policy anniversary and upon surrender if on that date the Accumulation Value is less than $100,000. The Investment Divisions offered under the New York Life Longevity Benefit Variable Annuity and described herein are different from mutual funds that may have similar names but are available directly to the general public. Investment results may differ.
New allocations to the MainStay VP Eagle Small Cap Growth – Initial Class or MainStay VP Janus Balanced – Initial Class Investment Divisions will not be accepted from Policyowners who were not invested in the MainStay VP Eagle Small Cap Growth – Initial Class or MainStay VP Janus Balanced – Initial Class Investment Division on February 17, 2012. For existing Policyowners, if you remove all of your Accumulation Value from the MainStay VP Eagle Small Cap Growth – Initial Class or MainStay VP Janus Balanced – Initial Class Investment Divisions on or after February 17, 2012, you will not be able to reinvest in these Investment Divisions. The MainStay VP Eagle Small Cap Growth – Service Class and MainStay VP Janus Balanced – Service Class impose a 12b-1 fee.
Note: The BlackRock Global Allocation V.I. - Class III Shares, MainStay VP Flexible Bond Opportunities — Svc Cls , MainStay VP PIMCO Real Return Portfolio - Svc Cls, MainStay VP Absolute Return Multi-Strategy — Svc Cls, Invesco V.I. American Value Fund — Series II, American Funds IS New World Fund — Class 4, BlackRock High Yield V.I. — Class III Shares, Fidelity VIP Growth Opportunities — Service Class 2, Invesco V.I. International Growth Fund — Series II, PIMCO VIT Foreign Bond Portfolio (USD Hedged) — Advisor Class, PIMCO VIT Total Return Portfolio — Advisor Class the UIF U.S. Real Estate — Class II, MainStay VP Cushing Renaissance Advantage, American Funds IS Global Small Capitalization, Columbia VP Commodity Strategy, Columbia VP Emerging Markets Bond Investment Divisions Deutsche Alternative Asset Allocation VIP — Class B, PIMCO VIT Low Duration — Advisor Class, MainStay VP Small Cap Core — Service Class, ClearBridge Variable Appreciation Portfolio – Class II, MainStay VP Indexed Bond – Service Class and MFS® International Value – Service Class are not available under the New York Life Longevity Benefit Annuity.
New York Life Longevity Benefit Variable Annuity is issued by New York Life Insurance and Annuity Corporation (A Delaware Corporation) and distributed by NYLIFE Distributors LLC, member FINRA/SIPC, wholly owned subsidiaries of New York Life Insurance Company, 51 Madison Avenue, New York, New York 10010.
For more complete information, refer to your New York Life Longevity Benefit Variable Annuity product prospectus and the underlying fund prospectuses click here. Investors are asked to consider the investment objectives, risks, charges, and expenses of the investment carefully before investing. Both the product prospectus and the underlying fund prospectuses contain this and other information. Please read the prospectuses carefully before investing.
*This product is no longer available for sale. Existing policies will continue to be serviced. In most jurisdictions, the policy form number for New York Life Longevity Benefit Variable Annuity was 206-193.