New York Life IndexFlex Variable Annuity Prospectus

Download the May 1, 2023 product prospectus and underlying fund prospectuses for the New York Life IndexFlex Variable Annuity. The product prospectus explains the features that are offered and provides answers to some of the more frequently asked questions—everything from fees and charges and available riders to the Index-Linked Account.

The fund prospectuses contain information on each of the investment divisions available under our products. Details on each Portfolio's investment objective, style and associated risk will be found inside. The investment options within New York Life Variable Annuities are different from mutual funds that have the same name, adviser, investment objective, and policies, as well as substantially similar portfolio securities.

Together these prospectuses provide you with a complete picture of what the New York Life IndexFlex Variable Annuity Prospectus may offer you as you plan for your long-term financial goals.

To learn more about the policy, you may also download the Statement of Additional Information ("SAI") dated May 1, 2023. The SAI contains more detail concerning the subjects discussed in the prospectus.

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Issued by: New York Life Insurance and Annuity Corporation*
(A Delaware Corporation) and Offered by: NYLIFE Securities LLC*

51 Madison Avenue
New York, NY 10010

* Wholly owned subsidiaries of New York Life Insurance Company, 51 Madison Avenue, New York, New York 10010.