Income annuities Help boost your retirement savings with income annuities
As the #1 provider of income annuities since 20061, we’re the trusted source for guaranteed lifetime income. Work with a New York Life financial professional to find the right annuity solution for you.
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Why income annuities?
Turn your savings into a "pension-like" income you can count on. Income annuities offer guaranteed, steady payments and a low-risk way to supplement your retirement income.2
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Guaranteed income
Enjoy a steady, reliable income that is guaranteed to last for a set period or for the rest of your life.2
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Protection from risk
Safeguard yourself from typical retirement risks such as fluctuating interest rates, market downturns, and the risk of depleting your savings too quickly.
A partner you can trust
New York Life will help you make financial decisions you feel good about. We're committed to being there for our customers when they need us—whether that’s today or decades into the future.
A legacy of stability
Our greatest legacy is helping others protect their own legacy for generations—serving policy owners for 175+ years
The highest financial strength ratings
We’ve earned the highest financial strength ratings of all four major ratings agencies, based on our history of honoring our commitments to policy owners3
The largest mutual insurer in the U.S.
We’re the nation’s largest mutual life insurance company, and our policy owners are at the center of everything we do4
1Source: LIMRA as of 12/31/2023.
2All guarantees are dependent upon the claims-paying ability of the issuer, New York Life Insurance and Annuity Corporation (NYLIAC), A Delaware Corporation, a wholly owned subsidiary of New York Life Insurance Company. Surrender charges will not be deducted from death benefit proceeds.
Annuities contain certain fees, risks limitations and restrictions. Always consider your future needs since assets used to purchase income annuities are no longer liquid. Please speak with an agent for costs and complete details.
Withdrawals may be subject to ordinary income taxes and, if made prior to age 59½, may be subject to a 10% IRS penalty; Surrender charges may also apply.
Please consider the charges, risks, expenses, and investment objectives carefully before purchasing a variable annuity. The product and fund prospectuses contain this and other information and can be obtained from an agent. Read the prospectuses carefully before you invest or send money.
New York Life Annuities are issued by New York Life Insurance and Annuity Corporation (“NYLIAC”), a Delaware Corporation or by New York Life Insurance Company. Variable annuities are offered by NYLIFE Securities LLC, Member FINRA /SIPC. Both NYLIAC and NYLIFE Securities LLC are wholly-owned subsidiaries of New York Life Insurance Company, 51 Madison Avenue, New York, NY 10010.
In most jurisdictions, the policy and rider form numbers for New York Life Variable Annuities are as follows (state variations may apply): Premier Variable Annuity II (ICC15-P301, or it may be 215-P301); Premier Plus Variable Annuity II (ICC15-P302, or it may be 215-P302); Flexible Premium Variable Annuity III (ICC15-P303, or it may be 215-P303); IndexFlex Variable Annuity (ICC20V-P01 or it may be NC20V-P01); Investment Preservation Rider 4.0 (ICC19V-R01 or it may be NC19V-R01); and Annual Death Benefit Reset Rider (ICC15-R302, or it may be 215-R302).
3The “highest ratings currently awarded” refers to the highest ratings currently awarded to any U.S. life insurer, specifically: AM Best A++ (as of 2/9/2024), Fitch Ratings AAA (as of 10/6/2023), Moody’s Aaa (as of 11/17/2023), and Standard & Poor’s AA+ (as of 10/10/2023). Source: third-party reports. Learn more: https://www.newyorklife.com/about/our-strength/what-rating-agencies-say.
4Based on revenue as reported by “Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual),”Fortune magazine, 6/4/2024. For methodology, please see https://fortune.com/franchise-list-page/fortune-500-methodology-2024/.