Single-premium life insurance.

New York Life Insurance and Annuity Corporation offers three single-premium life insurance products.


NYLIAC Asset Preserver® is a single-premium universal life policy that includes an option to accelerate the death benefit during the insured’s lifetime to cover qualified long-term care expenses on an income tax-free basis if the insured becomes chronically ill and satisfies the requirements necessary to accelerate benefits. Asset Preserver offers a unique opportunity to leverage existing assets that may have otherwise been used to self-insure the risk of becoming chronically ill and also provides a guaranteed death benefit. The lifetime money back guarantee1 provides peace of mind and allows the owner to maintain control over his or her assets by ensuring a refund of the premium payment as long as no policy loans or partial cash surrenders have been made and no long-term care benefits have been paid.


New York Life Legacy Creator Single Premium Variable Universal Life (SPVUL)* provides permanent life insurance, in one convenient payment. You decide how to allocate premium dollars among professionally managed investment options and a fixed account. No matter how the underlying investment options perform, once your premiums are paid, your beneficiaries are guaranteed2 to receive a life insurance benefit that is equal to the policy’s face amount.3 SPVUL has a fast and easy approval process. Just answer a simple questionnaire to find out whether you are pre-approved for the policy. The cash value of an SPVUL policy investment will fluctuate. Investors are asked to consider the investment objectives, risks, charges, and expenses of SPVUL insurance carefully before investing. This and other information is contained in the policy prospectus. Request a prospectus from your registered representative for the policy and the underlying investment options. Please read the prospectus carefully before investing.


A single-premium universal life insurance product,NYLIAC Instant Legacy® provides death benefit protection. Although NYLIAC Instant Legacy is life insurance and is not FDIC-insured, it can turn relatively liquid assets a client may have in savings accounts5 into a larger legacy for children, grandchildren, or a favorite charity. NYLIAC Instant Legacy® is life insurance and instantly leverages clients’ premium dollars through a guaranteed death benefit6 and offers a tax-efficient transfer of the policy proceeds to beneficiaries upon the insured’s death. A money-back guaranteehelps provide peace of mind by ensuring a refund of the premium payment should clients change their minds for any reason. The company’s approval process involves completing a one-page questionnaire, so clients find out on the spot if they are pre-approved for the policy. There are no medical exams or blood tests, and final approvals are made quickly.

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