Want a different way to save for retirement?
Variable annuities are long-term financial products that help individuals invest for retirement. Variable annuities may offer several features and benefits including:
- Tax deferral
- Opportunity to grow your assets through a wide array of investment options
- Some access to your money*
- Investment and/or future income protection (some at an additional cost)**
- Legacy protection through a death benefit
- Features to help simplify investing
- The ability to generate a lifetime stream of steady income payments
Simply complete the form and a local, experienced Financial Services Professional will contact you to discuss your options.
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.
**With the Investment Preservation Rider, available at additional cost, you will be eligible to receive a one-time adjustment to your accumulation value if it less than the amount guaranteed under the rider. It does not protect your 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.
Tax-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.
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. There are fees and expenses associated with variable annuity contracts. Please see the prospectuses for more complete details.
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/SPIC). Securities offered through NYLIFE Securities LLC (member FINRA/SPIC), A Licensed Insurance Agency. NYLIFE Securities LLC, NYLIAC and NYLIFE Distributors LLC are wholly owned subsidiaries of New York Life Insurance Company.