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 Investment
Annuities What is an Annuity?
An annuity is a
unique financial vehicle designed to help people accumulate money
for their retirement and/or turn a lump sum of money into a
guaranteed stream of income for life.
Deferred Annuities
Deferred annuities offer the advantage of tax deferral* and are used
to accumulate money for retirement. There are two types of deferred
annuities: fixed and variable.
Fixed Interest Deferred Annuities
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 guaranteed fixed rate of interest (interest rates
are effective annual yields) 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. Withdrawals are
subject to ordinary income tax, and if they are taken before 59�, an
additional 10% tax penalty may apply (the penalty tax is increased
to 25% in the case of distribution from a SIMPLE IRA within the
first two years of your participation in the SIMPLE IRA plan.)
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
Variable Deferred Annuities**
Variable annuities are long-term investment vehicles used for
retirement savings. It is a contractual agreement in which payments
are made to an insurance company, which agrees to pay out income at
a later date. There are fees and expenses associated with these
contracts. All guarantees, including death benefit payments are
dependent on the claims-paying ability of New York Life Insurance
and Annuity Corporation (NYLIAC) (A Delaware Corporation) and do not
apply to the investment performance or the safety of the underlying
Investment Divisions in the variable annuity.
You allocate your money among a variety of investment divisions
and/or a guaranteed Fixed Account*** 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. Withdrawals may
be taxable and a 10% IRS penalty may apply to withdrawals taken
before 59�, in addition to surrender fees. The penalty tax is
increased to 25% in the case of a distribution from a SIMPLE IRA
within the first two years of your participation in the SIMPLE IRA
Plan. Assets allocated to the investment divisions are subject to
market risks and may fluctuate in value, and values upon redemption
may be less than the original amount invested. At your request, the
money you�ve accumulated can be used to provide guaranteed income
payments to you for the rest of your life. Please see the prospectus
for more complete details.
New York Life Variable Deferred Annuities Brochure
(PDF, 102KB)
New York Life Premium Plus Elite Variable Annuity
New York Life Elite Variable Annuity
New York Life Premium Plus II Variable Annuity
New York Life Premium Plus Variable Annuity
New York Life Essentials Variable Annuity
New York Life Flexible Premium Variable Annuity
New York Life Select Variable Annuity
New York Life Access Variable Annuity
New York Life Longevity Benefit Variable Annuity
*Annuities are known for offering a variety of attractive features.
With money that is not tax-qualified, one of the attractive features
is tax deferral. However, tax-qualified retirement plans (like IRAs,
TSAs and SEPs) already provide tax deferral under the Internal
Revenue code, so the tax deferral of an annuity does not provide any
additional benefits. Also, variable annuities are subject to
additional fees to which other tax-qualified plan funding vehicle
may not be subject.
** Securities offered through NYLIFE Securities LLC (member NASD and
SIPC )
*** The Fixed Account is backed by the assets in the general account
of NYLIAC, a wholly owned subsidiary of New York Life Company.
Access My Policies
Performance Summaries
Performance Summaries for Variable Deferred Annuities provided in
PDF format Select product... New York Life Premium Plus Elite
Variable Annuity New York Life Elite Variable Annuity New York Life
Premium Plus II Variable Annuity New York Life Premium Plus Variable
Annuity New York Life Essentials Variable Annuity New York Life
Flexible Premium Variable Annuity New York Life Select Variable
Annuity New York Life Access Variable Annuity New York Life
Longevity Benefit Variable Annuity
Product Comparisons
If you're considering one of our annuities, these will help you
choose the right product:
Fixed Deferred Annuity Product Comparison Tool
Variable Annuity Comparison Card
Annuity Tools
Tax Deferral Calculator
Lump Sum Tax Deferral Calculator
Retirement Planning Calculators
Annuities 101
Learn more about annuities.
What Exactly is an Annuity?
Explains annuities and why they are needed
CD vs. Fixed Deferred Annuity
Explores the difference between a CD and a fixed deferred annuity
Annuities FAQs
Frequently Asked Questions
The Cost of Waiting
Discusses the benefits of early financial planning
Using Annuities To Help Secure Your Retirement Nest Egg
Explains how annuities can help you save for retirement
What To Consider Before You Invest
Explores three factors to consider before you invest
Interested in annuities?
Please complete and send the form below and we'll have a NYLIFE
Securities
Registered Representative in your area contact you at your
convenience.
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