Annuities

 

Variable Annuities1

If you have time to grow your savings and leverage the potential earning power of the markets, a variable annuity may be a great solution for you. Variable annuities offer a wide variety of expertly managed investment options or underlying funds. They also offer the potential to grow your assets in the market with tax deferred growth, some access to your money, and legacy protection. 

 

Variable Annuities with Investment Protection 1

If you want market growth potential with principal protection, a variable annuity with investment protection may be a great solution for you. Addressing long-term financial goals and gaining confidence in your investments is important. A variable annuity with investment protection can help meet those needs. 

 

Lifetime Income Annuity (Dividend Eligible and Non-Dividend Eligible)

A lifetime income annuity provides you with a worry-free stream of guaranteed income during retirement, starting now and lasting for life. There are commonly two versions of lifetime income annuities—a dividend eligible and a non-dividend eligible product. Each offers a solid foundation of lifetime guaranteed income. The non-dividend eligible version offers a higher initial guaranteed income amount. The dividend eligible version offers guaranteed income along with the opportunity for more income through dividends. So, while dividends are not guaranteed, these policies have the potential to provide more total income than non-dividend eligible lifetime income annuities over time

 

Fixed Period Income Annuity

Guaranteed income now, for a specified period of time. A fixed period income annuity provides a guaranteed income stream for a period of time that is not subject to market ups and downs.

 

Deferred Income Annuity (Dividend Eligible and Non-Dividend Eligible)

A deferred income annuity is similar to a lifetime income annuity. It provides you with a worry-free stream of income during retirement, starting later and lasting for life. There are commonly two versions of deferred income annuities — a dividend eligible and a non-dividend eligible product. Each generates a stream of income for as long as you live. The non-dividend eligible version offers a higher initial guaranteed income amount. The dividend eligible version offers guaranteed income along with the opportunity for more income through dividends. So, while dividends are not guaranteed, these policies have the potential to provide more total income than non-dividend eligible deferred income annuities over time.

 

Fixed Annuities with Lifetime Income

A fixed annuity with lifetime income offers a unique combination of income, flexibility, and security. A fixed annuity with lifetime income gives you income for life without forfeiting your sense of safety or the flexibility to adapt when plans change. It can allow you to build income and grow assets, while remaining in control of your money.

 

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^Guarantees are backed by the claims-paying ability of the issuer.

1Early withdrawals may incur charges. In addition to paying income taxes that may be due, distributions from annuities before age 591/2 may also be subject to a 10% federal tax penalty

1. Variable annuities are long-term financial products designed to help you save for retirement. Products are available in approved jurisdictions. As with many financial products, there are fees, expenses, and risks associated with these policies. All guarantees, including the death benefit payments, are dependent on the claims-paying ability of New York Life Insurance and Annuity Corporation (NYLIAC) and do not apply to the investment performance of the underlying Investment Divisions in the variable annuity. Assets in the Investment Divisions are subject to market risk and will fluctuate in value.

 

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