Fixed annuities.

What is a Fixed Annuity?


Whether you’re heading for retirement or you’re already there, a fixed deferred annuity from New York Life is designed to help you grow and protect your funds.

With a fixed deferred annuity, your money will grow tax-deferred at a guaranteed fixed rate of interest. This means you’re not subject to the volatility of the market, and you won’t pay taxes on your earnings until you actually withdraw them from your policy.1

New York Life offers several traditional fixed deferred annuities, as well as the unique New York Life Clear Income Fixed Annuity that’s designed for people looking for income with some liquidity.

More information regarding the New York Life Clear Income Fixed Annuity can be found in the "Clear Income Benefits" brochure.

For specific information on one of our fixed annuity products, select a file below to view a detailed fact sheet.

In most jurisdictions, the policy form numbers are as follows: New York Life Flexible Premium Fixed Annuity (ICC10-P108; in some states it may be 210-P108, and state variations may apply); New York Life Secure Term Choice Fixed Annuity (ICC11-P113; in some states it may be 211-P113, and state variations may apply); New York Life Secure Term MVA Fixed Annuity (ICC10-P111; in some states it may be 210-P111, and state variations may apply); New York Life Clear Income Fixed Annuity (ICC14-P100 (book value) and ICC14-P120 (MVA); in some states they may be 214-P100 (book value) and 214-P120 (MVA), and state variations may apply).

Do you have questions about this article or about New York Life, our subsidiaries, and the products that we offer? Please call the toll-free number 800-710-7945 to arrange for a discussion with a New York Life agent or a NYLIFE Securities LLC financial services professional.

The New York Life Clear Income Fixed Annuity is issued by New York Life Insurance and Annuity Corporation, a Delaware Company, 51 Madison Avenue, New York, NY 10010. All guarantees are dependent on the claims-paying ability of New York Life Insurance and Annuity Corporation (NYLIAC).  Available in jurisdictions where approved. Not available in New York.

 

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Further Reading
  • 1 All guarantees are based on the claims-paying ability of NYLIAC. Withdrawals are subject to ordinary income taxes, and if they are taken before 59½, an additional 10% IRS penalty may apply (the penalty tax is increased to 25% in the case of distributions from a SIMPLE IRA within the first two years of your participation in the SIMPLE IRA plan.)

This material is for informational purposes only. Neither New York Life nor its agents provide tax, legal, or accounting advice. Please consult your own tax, legal, or accounting professional before making any decisions.

Issued by New York Life Insurance and Annuity Corporation (NYLIAC) (A Delaware Corporation), a wholly owned subsidiary of New York Life Insurance Company.

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