A variable annuity offers a number of investment options. It gives you the opportunity to spread your money across different types of investments to help you better manage the risk of the investment. Spreading risk over multiple investments or types of investments is referred to as diversification. Like a fixed annuity, a variable annuity does not require you to pay income taxes on earnings until you start receiving payments. But unlike a fixed annuity, a variable annuity’s returns are based on the performance of the investments you choose. While this offers the possibility of higher earnings, it also means the returns will fluctuate in value and are subject to market risk. Connect with a financial services professional to discuss whether a variable annuity is right for you.
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VARIABLE ANNUITIES Seek potential market growth with variable annuities
If you have time to let your retirement assets grow and can tolerate market exposure, our variable annuities may be an option. They’re designed to accumulate value, with taxes deferred until money is withdrawn, through professionally managed investment options. You’ll also have ways to access your money and protect your family.
What variable annuities offer
Potential market growth
Your variable annuity provides access to a wide range of strategies and investment options managed by experienced professionals
Tax advantages
Your money also has the opportunity to grow tax free until you start receiving income from the annuity or until it pays a death benefit to your loved ones
Flexibility
We can help you choose a variable annuity based on your goals, time frame and risk tolerance, and you’ll have options to increase its potential value
Investment protection
The optional Accumulation Benefit Rider combines market growth potential with a guarantee that your initial investment will not lose money1
Common questions about variable annuities
When you purchase a variable annuity, you choose specific funds in which to invest your money over a set period of time. During this period, the value of your account will fluctuate depending on the success of your investments. When you are ready to retire, the money your annuity has earned can be converted into a stream of income payments to last the rest of your life.
Yes. Variable annuities offer tax-deferred growth, which means you do not have to pay income tax on your investment earnings until you withdraw money from the account. Withdrawals prior to age 59 ½ may be subject to a 10% IRS tax penalty.
Variable annuities are ideal for people who have time to grow their retirement savings and want to tap into the potential earning power of the investment markets. If you’re willing to accept the risk that your returns will fluctuate, a variable annuity may be a good option for you. Your financial services professional can help you compare annuity types and choose the one that’s best for you.
You can choose to withdraw your money all at once or you can customize a plan to receive payments over time (typically once a month). In most cases, funds can be delivered to you by direct deposit or paper check. You can also arrange an electronic transfer to another account. Connect with a financial services professional to learn more about your options and how to set up a payment schedule that works for you.
There are many ways to help your savings last
COMPARE YOUR ANNUITY OPTIONS
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Learn more about annuities
How could a variable annuity help with your financial goals?
Connect with a financial services professional to discuss your options
1Certain New York Life variable annuities provide access to an accumulation benefit rider called the Investment Preservation Rider 4.0 (IPR) which guarantees all premium payments from a loss that are made in the first policy year (less any proportional withdrawals) after the completion of a holding period. The rider is available for an additional charge. The IPR provides principal protection but does not protect the owner’s investment from day-to-day market fluctuations or against losses that could be realized prior to completion of the holding period.
2May be subject to minimums.
3Any guarantees on fixed annuities are based on the claims-paying ability of the issuer.
Guarantees are based on the claims-paying ability of the issuer.
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 investing in 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).