Annuities

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.

Types of annuities:

Deferred annuities offer the advantage of tax-deferral and can be used to accumulate money for retirement.

Variable Deferred Annuities# - 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 than assets allocated to the investment divisions are subject to market risks and will fluctuate in value.

For additional information on variable deferred annuities please click here

Fixed Interest Deferred Annuities* - 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.

For additional information on fixed interest deferred annuities please click here

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. 

Guaranteed Lifetime Income Annuities** - An income annuity where income payments begin immediately - one period after the annuity is puchased.  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.

For additional information on income annuities please click here

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

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

** 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 backed by the claims paying ability of the issuing company.