New York Life Guaranteed Future Income Annuity.

Build your own 'pension-like' stream of guaranteed lifetime income.

If you’re a few years away from retirement, you may have started to think about where your retirement income is going to come from and whether that income is going to last as long as you need it to. The New York Life Guaranteed Future Income Annuity offers a flexible, secure way to help guarantee that you have income for your entire life to help cover your retirement needs.

You can invest a lump sum today, or contribute flexible premium payments over time, 1 to build a stream of guaranteed lifetime income that starts when you need it to—any date 1 up to 40 years 2 in the future. Your policy is designed around you, so you can tailor your payout option and other features to meet your unique retirement needs, including leaving a legacy to your loved ones.

Income payments are locked and free from market volatility and are backed by the claims-paying ability of New York Life Insurance and Annuity Corporation (NYLIAC).3 What’s more, you may be able to generate more income than you would with other alternatives because you’re pre-funding your retirement income.4

 

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Further Reading
  • 1Minimum initial premium of $5,000.  Minimum subsequent premium of $100.  All premiums receive payout rates in effect when premium is received.
  • 2Restrictions may apply.
  • 3The New York Life Guaranteed Future Income Annuity is issued by New York Life Insurance and Annuity Corporation (NYLIAC), A Delaware corporation, a wholly owned subsidiary of New York Life Insurance Company, 51 Madison Avenue, New York, NY 10010. Guarantees  are subject to contract terms, exclusions and limitations, and the claims-paying ability of NYLIAC.  This contract is irrevocable, the policy has no cash value, and no withdrawals are permitted prior to the income start date.  Income payments are guaranteed at least as long as the annuitant is living, provided the annuitant is alive on the designated income start date. Contracts in which a Life Only payout option is selected do not provide a death benefit either prior to, or after, the designated start date. Available in jurisdictions where approved.
  • 4Effective as of 01/16/2017 and represents the annualized payout as a percent of total premium. Payout rates include interest, return of premium, and mortality credits. Payout rates are not interest rates.

For most jurisdictions, the policy form number for the New York Life Guaranteed Future Income Annuity is ICC11-P101 (it may be 211-P101). State variations may apply.

Available in jurisdictions where approved.