An annuity is a unique financial vehicle designed to help you accumulate money for your retirement and/or turn a lump sum of money into a guaranteed stream of income payments. There are two types of annuities – immediate and deferred – and you can choose to hold assets in fixed or variable accounts, or have a mixture of both.



An income annuity where income payments begin immediately - one period after the annuity is purchased. It is designed to provide you with predictable income monthly, quarterly, semi-annually or annually, no matter how long you live, and regardless of how the financial markets perform.


Income annuities are used to generate a stream of income payments that is guaranteed to last for as long as you need it to -- even for the rest of your life.


With a Fixed Interest Deferred Annuity, the interest rate on your policy is guaranteed never to fall below a certain amount. For many people, this provides a measure of security about their investment.


A Variable Deferred Annuity offers the advantage of tax deferral and can be used to accumulate money for retirement. The policy’s accumulated value – and sometimes the amount of monthly annuity benefit payments – fluctuates with the performance of your investment account. There are fees, expenses and risks associated with the contract. Please be aware that assets allocated to the investment divisions are subject to market risks and will fluctuate in value.


*Guaranteed Lifetime Income Annuities are issued by New York Life Insurance and Annuity Corporation (a Delaware Corporation), a wholly owned subsidiary of New York Life Insurance Company. In New York, the annuity is issued by New York Life Insurance Company. All guarantees are subject to the claims paying ability of the issuing company.

** Issued by New York Life Insurance and Annuity Corporation (A Delaware Corporation).

*** Offered by NYLIFE Securities LLC (member FINRA/SIPC).