What is an Annuity?
An annuity is a unique financial vehicle designed to help people accumulate money for their retirement and/or turn a lump sum of money into a guaranteed stream of income for life.

Deferred Annuities
Deferred annuities offer the advantage of tax deferral^* and are used to accumulate money for retirement. There are two types of deferred annuities: fixed and variable.

Fixed Interest Deferred Annuities
A fixed interest deferred annuity is a product that is designed to help you accumulate funds for your retirement. The money in your annuity earns a guaranteed fixed rate of interest (interest rates are effective annual yields) and your money accumulates on a tax-deferred basis, meaning you do not pay taxes on your earnings until you actually withdraw them from your policy. Withdrawals are subject to ordinary income tax, and if they are taken before 59½, an additional 10% tax penalty may apply (the penalty tax is increased to 25% in the case of distribution from a SIMPLE IRA within the first two years of your participation in the SIMPLE IRA plan.)

• New York Life Preferred Fixed Annuity
• New York Life Fixed Annuity
• New York Life Flexible Premium Fixed Annuity
• New York Life Enhanced Fixed Annuity
• New York Life Optimal Fixed Annuity

Variable Deferred Annuities**
Variable annuities are long-term investment vehicles used for retirement savings. It is a contractual agreement in which payments are made to an insurance company, which agrees to pay out income at a later date. There are fees and expenses associated with these contracts. All guarantees, including 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 in the variable annuity.

You allocate your money among a variety of investment divisions and/or a guaranteed Fixed Account*** and your money accumulates on a tax-deferred basis*, meaning you do not pay taxes on your earnings until you actually withdraw them from your policy. Withdrawals may be taxable and a 10% IRS penalty may apply to withdrawals taken before 59½, in addition to surrender fees. The penalty tax is increased to 25% in the case of a distribution from a SIMPLE IRA within the first two years of your participation in the SIMPLE IRA Plan. Assets allocated to the investment divisions are subject to market risks and may fluctuate in value, and values upon redemption may be less than the original amount invested. At your request, the money you’ve accumulated can be used to provide guaranteed income payments to you for the rest of your life. Please see the prospectus for more complete details.

• New York Life Variable Deferred Annuities Brochure
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• New York Life Premium Plus Elite Variable Annuity
• New York Life Elite Variable Annuity
• New York Life Premium Plus II Variable Annuity
• New York Life Premium Plus Variable Annuity
• New York Life Essentials Variable Annuity
• New York Life Flexible Premium Variable Annuity
• New York Life Select Variable Annuity
• New York Life Access Variable Annuity
• New York Life Longevity Benefit Variable Annuity

*Annuities are known for offering a variety of attractive features. With money that is not tax-qualified, one of the attractive features is tax deferral. However, tax-qualified retirement plans (like IRAs, TSAs and SEPs) already provide tax deferral under the Internal Revenue code, so the tax deferral of an annuity does not provide any additional benefits. Also, variable annuities are subject to additional fees to which other tax-qualified plan funding vehicle may not be subject.
** Securities offered through NYLIFE Securities LLC (member FINRA and SIPC )
*** The Fixed Account is backed by the assets in the general account of NYLIAC, a wholly owned subsidiary of New York Life Company.