Everyone has different ideas about what they need when . Refer to the New York Life Secure Term MVA II Features and Benefits section or the Examples and Explanation Flyer for more information. Beneath every New York Life Variable Annuity stands a robust platform with plenty of investment options and resources to help you make better decisions about your financial future. To receive the latest version of the annuity brochure for your state call 800-872-6684. To view applications and additional materials, visit the Literature library. Income annuities and deferred annuities are issued by New York Life Insurance and Annuity Corporation (a Delaware Corporation), 51 Madison Avenue, New York, NY 10010. The fund prospectuses contain information on each of the investment divisions available under our products. The average American expects to retire at age 65, but what if you want to ditch the 9-to-5 grind sooner? Learn what we mean by Love Takes ActionTM. Being a New York Life client means that you get the benefit of working with our financial professionals, who will partner with you for life. -For assistance with any of our service forms, please call our Service Center at (800) 762-6212. Once we have received proof of your financial hardship and determined you are eligible for the program, your policy will not lapse for up to an period of 90 days. Applications MUST be signed and dated prior to the date of change. Life Insurance, Retirement Planning, and Wealth Management. Please call your representative for current interest rates on premium amounts of $1,500,000 or more. This product and the components and features contained within are not available in all states or firms. premium fixed deferred annuity with several interest rate guarantee/surrender periods to choose from. Products not available in all states. Depending on the one you purchase, you can begin receiving income immediately or as far out as 40 years. Receive resources & tools that can help you prepare for the future. Copyright 1998-2023 FMR LLC. Our suite of solutions helps prepare for retirement with confidence and peace of mind. Money MUST be received at the lockbox no later than 60 days from application signed date (part 1 for Reg. TMX is a trade mark of TSX, Inc. and used by the LSE Group under license. What are the benefits of working with a financial professional versus online? All early access withdrawals will reduce the Guaranteed Lifetime Withdrawal Benefit (GLWB) amount. . This repayment plan gives you the ability to pay the scheduled premiums, or the Monthly Deduction Charges that were due but not paid during the temporary pause on policy cancellations that . Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917. 60). Have an annuity. Non-tax qualified: 0-90 Tax qualified:2 18-90 Inherited IRA: 0-90 $5,000 $10,000 for pension plans Premiums of $3 million or more require NYLIAC approval Not permitted Athene USA Before your first monthly payment is due, we will send you the total repayment amount, your repayment period (12 or 24 months), and the monthly repayment amount. If your policy lapses according to its terms and you elect to reinstate your policy, you will be required to pay all amounts due according to the terms of your policy, including any part of total repayment amount that was due but not paid. You have elected to enroll in an interest free, repayment plan offered by New York Life (repayment plan). MainStay Mutual Funds Call 800-872-6684 to speak with an annuity specialist. NYLIFE Securities The SAI contains more detail concerning the subjects discussed in the prospectus. the recipient's address will be sold or used for any purpose other than If interest earned through the performance of the equity market indices is greater than the MAV, consumers will benefit from this upside potential. It does this by having a fixed rate that adds interest to your account through the life of the annuity's contract. Clients should read the prospectuses carefully before investing or sending money. Each full year you choose to delay taking income, you earn what's called a Deferral Credit, a predetermined percentage that is added on to your initial withdrawal rate on each contact anniversary. Money MUST be received at the Lockbox no later than 60 days from application signed date (part 1 for Reg. Compared to other retirement tools that may not cut it in the interest rate department, a . Insurance companies often issue contracts which are 'state-specific.' Best Annuities For 2023 The index rate cap is the maximum percentage of index performance that can be credited as interest for an index term. Annuities contain certain fees and charges and there are risks, restrictions, and limitations to consider. Fidelity does not guarantee accuracy of results or suitability of information provided. You can repay all or a part of your total outstanding loan balance at any time while your policy is in effect. Variable annuities are subject to market risk including possible loss of principal. The LSE Group does not accept any liability whatsoever to any person arising out of (a) the use of, reliance on or any error in the Index or (b) the purchase of or operation of the Product. You pay the monthly repayment amount due but the cash surrender value is not sufficient to cover the Monthly Deduction Charges that will be charged for the following month. An additional 10% federal tax may apply if individuals make withdrawals or surrender their annuity before age 59. You can repay this amount interest free, over a 12- or 24-month period. The Power of Tax Deferral premium fixed deferred annuity with several interest rate guarantee/ surrender periods to choose from. During this period, your policy will not lapse for any reason. Registered Index-Linked Annuities (RILAs), 6 ways to improve your financial literacy. 1The highest ratings currently awarded refers to the highest ratings currently awarded to any U.S. life insurer, specifically: AM Best A++ (as of 8/20/2020), Fitch Ratings AAA (as of 10/15/2020), Moodys Aaa (as of 5/27/2020), and Standard & Poors AA+ (as of 10/14/2020). FTSE Russell is a trading name of certain of the LSE Group companies. During this 12- or 24-month period, your policy will remain active, provided you pay your scheduled premiums (for Term and Whole Life policies), your Cash Surrender Value (or Net Cash Value, if applicable) is greater than your Monthly Deduction Charges (for Universal Life and Variable Universal Life policies), and you continue to pay your monthly repayment amount as described in the Repayment Plan Terms and Conditions. Money MUST be received at the Lockbox no later than 60 days from application signed date (part 1 for Reg. Want to feel better about retirement? You can repay this amount interest free, over a 12- or 24-month period. New York Life Clear Income Fixed Annuity | FP Series | Fidelity BENEFITS OF THE NEW YORK LIFE SECURE TERM MVA FIXED ANNUITY II1 Tax-deferred accumulation - your money accumulates without current taxation and may grow faster than in a comparable, currently taxable investment. AIG Life & Retirement Introduces 5-Year Index Annuity for New York Money and paperwork MUST be received in GOOD ORDER at the lockbox within 30 days of the application signed date. Deferral Credit will be added to your initial withdrawal rate for every full year of deferral and can vary by year and issue age, and by Male, Female, and Joint annuitants. New York Life fixed annuities are 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. That rate will not be less than the guaranteed minimum interest rate (GMIR) stated in the policy. New York Life Insurance and Annuity Corporation (A Delaware Corporation), a wholly owned subsidiary of New York Life Insurance Company, 51 Madison Avenue, New York, NY 10010. AIG Life & Retirement brings together a broad portfolio of protection, retirement savings, investment and lifetime income solutions to help people achieve financial and retirement security. Index annuities like Power Index 5 NY can protect assets from interest rate risk and market fluctuations, while providing the opportunity to generate more income, said Pinsky. Please post your comment or question. Index annuities may not be appropriate for all individuals. And this year is our169th consecutive yearof paying dividends to our eligible Whole Life policy owners. You do not pay the monthly repayment amount due and if your policy does not have sufficient cash surrender value (or net cash value, if applicable) to cover the Monthly Deduction Charges that will be charged for the following month plus the monthly repayment amount, or. PDF T:8.5" B:8.8333" Y0ur foresight. Our insight. Our policy owners are our top priority, thats why we publish an annual performance report to keep them informed on all things New York Life. 60). Become a Game Changer and help more people make their next life their best life. Index annuities are not a direct investment in the stock market. Now were proud to continue that legacy with an index annuity that blends enhanced flexibility, guaranteed growth and upside potential to help New Yorkers build more assets for retirement.. https://www.newyorklife.com/about/our-strength/what-rating-agencies-say, Search for a Financial Professional by State, Get Connected with a Financial Professional. For a full explanation of an annuity, please refer to the Certificate of Disclosure or Prospectus (as applicable) and contact your financial professional or the company for costs and complete details. An annuity is a contract between a purchaser and an insurance company in which the purchaser agrees to make a lump sum payment or series of payments in return for regular disbursements, beginning either immediately (within 12 months) or at some future date. All Rights Reserved. Protection from unpredictable circumstances plus an option to choose a Return of Premium benefit. Paperwork MUST be received IN GOOD ORDER at the lockbox within 30 days of the application signed date. For all states except NY, an annual fee of 0.95% of the Account Value will be deducted quarterly and will cease when the Account Value is reduced to $0. Policies with premium amounts of $1 million or more require prior New York Life Insurance and Annuity Corporation approval. Learn about how a mix of investments can help provide income and growth potential in retirement. premium fixed deferred annuity with a number of interest rate guarantee/surrender periods to choose from. With inflation rising at its fastest pace in 40 years, consumers may be looking for a retirement product that guarantees growth to help offset increasing costs. Withdrawals may also be subject to a withdrawal charge that begins at 8% and declines to 0% after five years. The interest rate will never be more than the maximum loan interest rate stated in your policy. Read this Fidelity Viewpoints article about how a mix of investments can help provide income and growth potential in retirement. Financial strength backed by the highest ratings. Power Index 5 NY has been designed to provide growth and protect principal. New York Life IndexFlex Variable Annuity Prospectus 3. Get an overview. They provide the potential for interest to be credited based in part on the performance of the specified index, without the risk of loss of premium due to market downturns or fluctuations. For over 175 years, we've been helping people take care of the ones they love. The New York Life Secure Term Choice Fixed Annuity II is issued by New York Life Insurance and Annuity Corporation (A Delaware Corporation), a wholly owned subsidiary of New York Life Insurance Company, 51 Madison Ave, New York, NY 10010. Money and paperwork MUST be received in GOOD ORDER at the lockbox within 30 days of the application signed date. For New York residents. At Athene, were always reaching higher so you retire better. Introducing our new, competitive income solution with flexibility. In addition to any future premiums or Monthly Deduction Charges that are due on your policy, each month you will be billed an amount that is equal to one twelfth (1/12) of the total repayment amount due (monthly repayment amount). Fixed annuities provide tax-deferred growth at a fixed rate of interest set for a predetermined amount of time. Depending on the period chosen, withdrawals during the first 3, 4, 5, 6, or 7 years of the policy may be subject to surrender charges. You want guaranteed growth at a set rate. We are working with many financial professionals who are using index annuities to look beyond traditional fixed income assets to help generate growth and income for their clients.. Clients should consider the charges, risks, expenses, and investment objectives carefully before purchasing a variable annuity. NOT INSURED BY THE FDIC OR ANY FEDERAL GOVERNMENT AGENCY NOT A DEPOSIT OR OTHER OBLIGATION OF, OR GUARANTEED BY, THE BANK OR ANY BANK AFFILIATE SUBJECT TO INVESTMENT RISKS, INCLUDING POSSIBLE LOSS OF THE PRINCIPAL AMOUNT INVESTED. During this 12- or 24-month period, your policy will remain active, provided you pay your scheduled premiums (For Term and Whole Life policies), your Cash Surrender Value (or Net Cash Value, if applicable) is greater than your Monthly Deduction Charges (for Universal Life and Variable Universal Life policies), and you continue to pay your monthly repayment amount as described in the Repayment Plan Terms and Conditions. A Renewal Interest Rate is set every year on your Contract Anniversary. Sign up for resources about building a more financially secure future. Bringing clarity to important life decisions. Financial Advisors: please check your own firm's requirements before submitting paperwork. New York Life fixed annuities are 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. This repayment plan gives you the ability to pay the scheduled premiums, or the Monthly Deduction Charges that were due but not paid during the temporary pause on policy cancellations that prevented your policy from lapsing starting on June 24, 2020 and is subject to a 180-day maximum from when your policy first entered the late period plus an amount to keep your coverage in force for an additional two months (total repayment amount). In California, the maximum issue age is 80. The interest rate is an effective annual yield based upon a nominal rate which is compounded daily. Advisor Account Access Variable annuities offered through properly licensed registered representatives of a third party registered broker dealer. These articles and videos explain some of the investment and retirement challenges that annuities may help you meet. It's completely safe we never publish your email address. Genworth / SecureLiving Index 10 Plus Annuity. Your opportunity to potentially grow your assets and create a guaranteed stream of income you can't outlive. We can help. 25.00%. A choice of initial guaranteed periods during which you receive a guaranteed interest rate. This material should not be interpreted as a recommendation by Athene Annuity and Life Company, Athene Annuity & Life Assurance Company, Athene Annuity & Life Assurance Company of New York, or Athene Securities, LLC. The repayment plan does not include any payments into the Option to Purchase Paid-up Additions (OPP) rider that were not paid. Account How-To Videos. This product may not be available in all states. As your policy has already been part of the temporary pause on cancellation of policies from March 24, 2020 to June 23, 2020, this additional 90-day period begins on June 24, 2020 and is subject to a 180-day maximum from when your policy first entered the late period. Yields assume no additions or withdrawals made during the guaranteed period. After this period, you will be automatically enrolled in a program that allows you to re-pay the amount that would have been due to keep your policy active (the total repayment amount). New York Life offers several guaranteed income annuities to match your needs. It's a great time for you to join one of the leading retirement services companies. Rider fees apply. That rate will not be less than the guaranteed minimum interest rate (GMIR) stated in the policy. Product features, limitations and availability may vary by state; see Certificate of Disclosure for full details. Additional premiums are not permitted. (Allowed tags: ). Product features may vary by state. PDF Flexible Premium Fixed Annuity QUICK LINKS Annuity basics What is a fixed annuity? Details on each Portfolio's investment objective, style and associated risk will be found inside. Click here to download the May 1, 2023 product prospectus and underlying fund prospectuses for the New York Life IndexFlex Variable Annuity. Understand what people like you typically consider when making their plans. We will determine the length of your repayment period and the monthly repayment amount. Learn more from an insurance-licensed Fidelity financial professional about how annuities could fit into your financial plan. Variable annuities offered through properly licensed registered representatives of a third party registered broker dealer. Use these resources to help you make your next life your best life. - For more information regarding printed literature orders, please call the Sales Desk at (888) 474-7725. The interest rate is set when you purchase your annuity and is guaranteed for one year. Being prepared looks different across all phases of life. Understand what people like you typically consider when making their plans. Experts reveal why its so important to retire your credit card debt before you retire from your job. The New York Life Secure Term MVA Fixed Annuity II comes with a Market Value Adjustment (MVA) provision that allows NYLIAC to offer a potentially higher initial interest rate than a product that does not offer this adjustment. Brochure Disclosure: The contract features described in all brochures on this website may not be current and may not apply in the state in which you reside. Schedule an appointmentLog In Required to talk through annuities and how they could help you. Click here to view a current product and funds prospectus, or call the New York Life Annuity Service Center at 1-800-762-6212. 2. May not be available in all jurisdictions. Clients should read the prospectuses carefully before investing or sending money. Application and paperwork must be received at the Lockbox IN GOOD ORDER no later than 30 days from the application signed date. We will determine the length of your repayment period and the monthly repayment amount. The subject line of the email you send will be "Fidelity.com: ", This annuity provides you, or you and your spouse, with guaranteed lifetime income while also giving you the flexibility to access your assets if your plans change.1,2. Your policy will enter the late period and lapse in accordance with its terms if: For policies with more than one owner, any owner(s) that did not provide their approval at the time of election have the right to rescind enrollment. West Des Moines, IA 50266, Call: 888-ANNUITY (888-266-8489) Applicable laws and regulations are complex and subject to change. The interest rate is an effective annual yield based upon a nominal rate which is compounded daily. Whether youre looking to provide for your loved ones, plan your retirement, or build your wealth, our financial professionals can help. Variable annuities are long-term, tax-deferred investments designed for retirement, involve investment risks and may lose value. For transfers/exchanges, applications MUST be signed and dated PRIOR to the date of change. American International Group, Inc. (AIG) is a leading global insurance organization. Proof of job loss, including notice of termination or confirmation of unemployment benefits, Proof of income loss, including pay statements, tax returns, attestation of income loss from an attorney, accountant, or tax advisor, Proof of illness and/or caretaker status, including medical payments or a physicians statement. If you have elected to have premiums automatically paid from your policys cash surrender value and there is sufficient cash surrender value in your policy, the monthly repayment amount due will be deducted from your policys cash surrender value. Your email address is used only to identify you to Neither your address nor Policy loan interest is due on the dates specified in your policy. You can select either a three-, five- or seven-year term period. As with any search engine, we ask that you not input personal or account information. Athene MaxRate MYG (09/15); Athene MYG Series MYG (09/15), ICC15 MYG NMV (09/15) ICC17 ROP (08/17) or state variations issued by Athene Annuity and Life Company, West Des Moines, IA. Meet with your dedicated financial professional. You pay the monthly repayment amount due but the cash surrender value (or net cash value, is applicable) is not sufficient to cover the Monthly Deduction Charges that will be charged for the following month. Before your first monthly payment is due, we will send you the total repayment amount (12 or 24 months), your repayment period, and the monthly repayment amount. PDF Just the facts about New York Life Guaranteed Future Income Annuity II Literature | New York Life Annuities Annuities 101 | Athene Paperwork MUST be received IN GOOD ORDER at the lockbox within 30 days of the application signed date. Receive resources & tools that can help you prepare for the future. The term financial professional is not intended to imply engagement in an advisory business with compensation unrelated to sales. Multi-Select: MYGA & GLWB Annuity| Oxford Life Account How-To Videos. AIG is the marketing name for the worldwide property-casualty, life and retirement, and general insurance operations of American International Group, Inc. For additional information, please visit our website at www.aig.com. (M-F, 9-5 EST), Important Notice: The information published at this web site is not intended to be a recommendation to purchase an annuity. Individuals should consult their tax advisor regarding their specific situation. Any loan against your policy used to pay premiums or the monthly repayment amount will accrue interest in accordance with the terms of your policy. Sorry, an error was encountered loading the data. The symbol beside a rate indicates a change since rates were last declared. We answer to policy ownersnot to Wall Street. Earn a guaranteed rate of interest regardless of market conditions. Fixed annuities allow you to make two choices based on your needs and preferences. Whether its maximizing savings, providing streams of income, or planning for long-term care, we have the solutions you need for your next stage in life. the policy form number for the New York Life Clear Income Advantage Fixed Annuity FP Series is ICC22D-P02; in some states it may be NC22D-P02 (12/2022), and state . The institutional channel includes reinsurance and group annuity contracts related to pension group annuities. We believe in the value of human guidance. The initial guaranteed lifetime withdrawal rate is locked-in at purchase and will vary by age and by Male, Female, and Joint annuitants. A fixed-rate annuity is a type of retirement savings product that grows steadily and safely, providing you with a guaranteed* growth rate and the opportunity to convert your account to a lifetime income stream in the future. If you have not previously elected to have premiums paid from the policys cash surrender value or by taking an automatic policy loan, your agreement to these terms and conditions allows us to automatically pay the monthly repayment amount due by policy loan. You can repay this amount interest free, over a 12- or 24-month period. You can cancel anytime. Guarantees are based on the claims-paying ability of the issuer. You can repay this amount interest free, over a 12- or 24-month period. State variations apply. Wherever you are on your financial journey, here are six ways to help increase your financial literacy and put your money to work for you and your family. For transfers/exchanges, paperwork MUST be signed and dated ON OR AFTER the date of change. Have an annuity. 212-576-7000. Annuity contracts and group annuity contracts are issued by Athene Annuity & Life Assurance Company of New York (68039), Pearl River, NY, in New York state. Connect virtually with a financial professional safely from the comfort of your own home with a computer, mobile phone, or tablet. 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. Your initial withdrawal rate is locked in when you make your investment. It's free and there is no obligation. NYLIFE Securities A purchase-payment guarantee. Fixed annuities generally have lower fees than variable annuities and are considered less volatile. A reputation built on integrity. I am interested in learning all about annuities. You can elect to pay more than the monthly repayment amount due at any time, but you can never pay less than the monthly repayment amount due. Fact Sheet: Secure Term Choice Fixed Annuity II, Client Flyer: Five Things to Know about FDAs, Secure Term MVA Fixed Annuity II Fact Sheet. The Index is calculated by or on behalf of FTSE International Limited or its affiliate, agent or partner. Fixed Indexed Annuities | Athene Great American / Safe Outlook Annuity. In addition to any future premiums or Monthly Deduction Charges that are due on your policy, each month you will be billed an amount that is equal to one twelfth (or one twenty-fourth) of the total repayment amount due (monthly repayment amount). MainStay Mutual Funds Fidelity and Guaranty of New York's Ratings. Both NYLIAC and NYLIFE Distributors LLC are wholly-owned subsidiaries of New York Life Insurance Company, 51 Madison Avenue, New York, NY 10010. transmission of this message. Contract value can be reduced for withdrawals and, if applicable, withdrawal charges. During this additional period, your policy will not be lapse for any reason. Summary Prospectus - NY More About Perspective II Explore Performance Centers What is a Variable Annuity? Payment obligations and guarantees are subject to the financial strength and claims-paying ability of the issuing insurance company. Available in all jurisdictions except for Guam. Protecting assets and generating retirement income | New York Life Our legacy of financial strength is built on our longstanding tradition of putting people first. Fidelity and Guaranty / FGNY Index-Safety 7 Annuity. After this period, you will be automatically enrolled in a program that allows you to re-pay the amount that would have been due to keep your policy active (the total repayment amount). Financial Advisors: please check your own firm's requirements before submitting paperwork. An MVA only applies when the policy owner surrenders or makes a withdrawal from the Beneficiary protection. Money and paperwork must be received at the lockbox no later than 30 days after the application signed date. Your future income is dependent upon your gender, age at the time of purchase, your initial investment amount, how long you wait to start income, and the type of policy you invest in (single or joint). Learn how we've prepared for andare responding to the coronavirus crisis. NEW YORK--(BUSINESS WIRE)--AIG Life & Retirement, a leading provider of annuities, today announced the launch of Power Index 5 NYSM, a 5-year index annuity developed exclusively for New York and the latest addition to The Power Series of Index Annuities. Our financial professionals can give you a good sense of how much various solutions cost, so you can make the best decisions for you. The purpose of this material is solicitation of insurance. This repayment plan gives you the ability to pay the scheduled premiums, or the Monthly Deduction Charges that were due but not paid during the temporary pause on policy cancellations that prevented your policy from lapsing through June 23, 2020 plus an amount to keep your coverage in force for an additional two months (total repayment amount). MSCI EAFE: The product referred to herein is not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such product or any index on which such product is based.