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Want a different way to save for retirement?

Most individuals understand the risks of investing. But did you know there are risks of not investing, or being underinvested? While markets fluctuate, history shows that they are more often up than down. And for those who are still saving for retirement, the markets offer growth potential and the opportunities to outpace inflation ‐ which is an important factor in achieving the lifestyle you envision for your retirement.

If you want to invest more for your retirement, but want extra features that can help give you the confidence to invest the way you need to, you may want to consider a variable annuity. Variable annuities are designed specifically for retirement savings. They include both investment and insurance features, which means you get access to the growth potential of the markets as well as access to optional protection features that guarantee your principal or even maximize your financial legacy. Review these 5 reasons variable annuities may be right for you, and then consult your New York Life financial services professional to discuss your thoughts or questions.

1. A simple way to invest

Access to well known money managers and a broad ranges of investment options.

2. Investment or income protection

Optional protection benefits, some at an additional cost, that help preserve the investment you've worked hard to build.1

3. More control over paying taxes

The ability to keep your money invested and at work for you, instead of paying income taxes on any earning each year. 2

4. Some access to your money

Open access to a percentage of your long-term investment each year.

5. A financial legacy for your loved ones

Create and protect a guaranteed death benefit .

Variable annuities are long-term investment products that are designed to help you save for retirement. As with many investments, there are risks and charges that apply. Withdrawals may be subject to ordinary income tax and, if taken before age 59½, a 10% IRS penalty tax (25% if from a SIMPLE IRA within the first two years). Surrender charges may also apply. All guarantees, including the death benefit payments are dependent on the claims paying ability of New York Life Insurance and Annuity Corporation, (NYLIAC) (a Delaware corporation), and do not apply to the investment performance or the safety of the underlying Investment Divisions as they are subject to market risk and fluctuate in value.

1With the Investment Preservation Rider, available at additional cost, you will be eligible to receive a onetime adjustment to your accumulation value if it is less than the amount guaranteed under the rider. It does not protect the owner’s investment from day‐today market fluctuations or against losses that could be realized prior to the completion of the holding period. That means the rider will not provide a benefit if you do not keep the policy for the entire holding period after it is elected or reset.

2Tax‐qualified plans already provide tax deferral, so a variable annuity will not provide additional tax-deferral benefits. As they offer both investment and insurance features, variable annuities also may be subject to additional fees, to which other tax‐qualified funding vehicles are not.

Investors are asked to consider the investment objectives, risks, charges, and expenses of the investment carefully before investing. Both the product and the underlying fund prospectuses contain this and other information about the product and underlying investment options. Please read the prospectuses carefully before investing.

New York Life Variable Annuities are issued by NYLIAC, 51 Madison Avenue, New York, NY 10010 and are distributed by NYLIFE Distributors LLC (member FINRA/SIPC). Securities offered through NYLIFE Securities LLC (member FINRA/SIPC), A Licensed Insurance Agency. NYLIFE Securities LLC, NYLIAC and NYLIFE Distributors LLC are wholly owned subsidiaries of New York Life Insurance Company.