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INDEXFLEX VARIABLE ANNUITY IndexFlex is an innovative retirement solution
If you want an investment that can grow but also protect some of the money you put in, The New York Life IndexFlex Variable Annuity could be right for you. In a single variable annuity, it combines the guarantees of a fixed index-linked account with the investment flexibility and market exposure of variable investment options, as well as a traditional fixed account.
What the IndexFlex Variable Annuity offers
Whether you’re feeling conservative or bold when investing, your agent will help you get the most out of the control and freedom that IndexFlex offers.
Principal preservation
For index-linked and fixed accounts, IndexFlex guarantees that the value will never fall below what you’ve put in
Personal flexibility
IndexFlex is designed to be customized to your personal needs and preferences, and you can make adjustments if and when conditions change
Multiple tax benefits
You won’t pay taxes on IndexFlex earnings until you withdraw them, and you can transfer money to or from other investments without being taxed1
Two approaches to customizing your IndexFlex Variable Annuity
Set your time frame
You can set the amount of time you think you’ll want to invest, with higher guaranteed rates on index-linked accounts that have longer policy terms, plus opportunities to renew2
Allocate your money
You can allocate to any combination of index-linked and fixed accounts, which will not lose value, and variable investment options, which have unlimited growth potential but also the risks associated with investing
Common questions about IndexFlex
IndexFlex can grow your money in two ways. IndexFlex offers guaranteed principal protection in index-linked and fixed accounts, meaning you’ll have the certainty that those investments will never lose value. You’ll also have access to a number of variable investment options that are subject to market risk but have a greater potential for growth.
IndexFlex helps you better diversify your retirement assets by combining two types of investment options into one. Because fixed- and index-linked accounts are not subject to market risk, the money you put into this portion of your IndexFlex contract won’t lose value when stock market performance is poor. But there are limits to how much index-linked investment options can grow. That’s why you also have the opportunity to allocate to variable investment options, which offer opportunity for market growth but are also subject to market risk. Your financial services professional can work with you to determine if IndexFlex is right for you and help you determine how to allocate your funds.
With IndexFlex, you can allocate money to as many (or as few) investment options as you choose. You also have the flexibility to move money between different investment options should personal needs and/or market conditions change. Your financial services professional can provide ongoing guidance to help you create the best strategy for you and help you make adjustments when needed.
While all investments carry some level of risk, IndexFlex reduces that risk by offering the index-linked investment options as well as a fixed account. These options cannot lose value. The variable investments do fluctuate with market performance, so investment losses and gains are possible with the variable options. Your financial services professional can provide guidance to help you find the right balance between protecting your investment and also helping your money grow.
Yes. You do not have to pay income tax on your earnings until you are ready to withdraw and use them. Withdrawals may be subject to ordinary income taxes and, if made prior to age 59 ½, may be subject to a 10% IRS penalty. You can also transfer money among accounts without any tax penalties.
There are many ways to help your savings last
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Learn more about annuities
Unsure of your investment strategy?
A financial services professional can help you decide if IndexFlex is right for you
1There is no charge for transfers currently but New York Life reserves the right to charge for transfers in the event that they exceed 12 per year.
2Any guarantees are based on the claims-paying ability of the issuer.
Variable annuities are long-term financial products used for retirement savings. There are fees, expenses, limitations and risks associated with this policy. All guarantees, relating to the variable account value, including death benefit payments, are dependent on the claims-paying ability of NYLIAC and do not apply to the investment performance or safety of the underlying Investment Divisions, as they are subject to market risks and will fluctuate in value. Index-linked account and fixed account guarantees are dependent on the claims-paying ability of NYLIAC. Withdrawals may be subject to ordinary income taxes and if made prior to age 59½ may be subject to a 10% IRS penalty tax. For costs and complete details, contact an agent.
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.
Products and features are available where approved. In most jurisdictions, the policy form numbers are as follows (state variations may apply): New York Life IndexFlex Variable Annuity (ICC20V-P01 or it may be NC20V-P01). Please refer to the product prospectus for more information.
The New York Life IndexFlex Variable Annuity is issued by New York Life Insurance and Annuity Corporation (NYLIAC), a Delaware Corporation, and is offered through 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.