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FIXED DEFERRED ANNUITIES Steady, low-risk growth with fixed deferred annuities
If you prefer not to put your money into the stock market, these annuities help your money to grow at a guaranteed rate that won’t change. They’re a long-term, low-risk way to save for retirement with potential for more gains than other fixed interest options.
What fixed deferred annuities offer
Guaranteed rates¹
Your money will grow at a steady rate, based on the amount you put in, and could eventually provide dependable income for life
Tax advantages²
Build your retirement base faster by deferring taxes on your earnings until you actually withdraw money from your policy
No market risks
In exchange for possibly lower returns on the premiums you pay, your money will be shielded from any market fluctuations
Customization
You can lock in your interest rate (based on the annuity time frame), get access to your money, and provide your loved ones with a refund if you pass away
Common questions about fixed deferred annuities
A fixed deferred annuity is designed to do two things. If you’re looking to build savings for retirement, it can help you grow your money at a set rate for a specific period of time. If you already have a nest egg, a fixed deferred annuity can be used to convert your savings into a payout plan that guarantees regular income for the rest of your life.
Fixed deferred annuities are appropriate for people who are looking for a long-term, low-risk retirement solution, or for those who want to play it safe and avoid the fluctuations of the stock market. Your agent can review all annuity options with you and help you decide which one is right for you.
With a fixed deferred annuity, you can count on receiving a predictable income for a set period of time or the rest of your life. This is because your contract guarantees that the sum of your payout will never change, regardless of how the stock market performs.
On the other hand, there is no stock market growth potential, which means your returns may be lower than what you might see with higher-risk options. Additionally if you make early withdrawals there may be taxes, penalties, and/or an adjustment based on market value. Your agent can help you determine if a fixed deferred annuity is right for you.
The amount of income that you’ll eventually receive depends partially on how much you put in to start. From there, your annuity will grow at or above the guaranteed rate. Your agent can provide you with an income estimate based on your personal circumstances.
Yes. Your agent can walk you through all of the investment options we offer and help you choose which ones are right for you. They can also manage all of your accounts together, including any insurance plans you may have with New York Life.
Yes. You do not have to pay taxes on your earnings until you begin receiving income from the annuity.
There are many ways to help your savings last
COMPARE YOUR ANNUITY OPTIONS
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Learn more about annuities
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1All 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.
2Neither New York Life Insurance Company, nor its agents, provides tax, legal, or accounting advice. Please consult your own tax, legal, or accounting professional before making any decisions.
3May be subject to minimums.
Annuities contain certain fees, risks, limitations and restrictions; 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).