What is a fixed interest deferred annuity?
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 fixed rate of interest 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.* You can choose to lock in your initial interest rate for different periods. After the initial interest rate guarantee period, your policy receives a new interest rate each year on your policy anniversary. At your request, the money you've accumulated can be used to provide guaranteed income payments to you for the rest of your life.

* Withdrawals may be taxable and a 10% IRS penalty may apply to withdrawals taken before age 59 ½.

Fixed Interest Deferred Annuity Products

• New York Life Fixed Interest Deferred Annuities
• 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

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