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Guaranteed Future Income Annuity II A deferred income annuity that guarantees income payments—beginning after a chosen waiting period— for as long as you live. Issuing company New York Life Insurance and Annuity Corporation (NYLIAC) (A Delaware Corporation), a wholly owned subsidiary of New York Life Insurance Company.1
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The New York Life Guaranteed Future Income Annuity II offers a way to convert your qualified and nonqualified investments into a future guaranteed 1 income stream beginning on a date you select. This income stream is guaranteed for your life (or the joint lives of you and another annuitant).
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The New York Life Guaranteed Future Income Annuity II is a fl exible-premium deferred income annuity that provides a stream of income payments guaranteed 1 for the life or lives of the annuitant(s), beginning on a date chosen by the policyowner (generally, owner[s] and annuitant[s] must be the same). Payment Options 2, 3, 4
- They Last A lifetime.
- They Are Dependable.
- You Can Keep Up with Inflation.
- They’Re Perfect For Rollovers.
- They Are Designed Just For you.
- They Can Cover Your Loved Ones, too.
- You May Get More Income Than You Would from Alternatives.
- They Help Simplify Planning.
- Your Money Can Be Passed to Your Heirs.
- Product Type
Receive income for your entire life. Did you know that most people underestimate how long they are going to live? Over half of pre-retirees estimate life expectancy to be below the national average. Chances are, a long retirement is in your future. So let’s plan accordingly. The income from a guaranteed income annuity ensures that no matter how lon...
Enjoy guaranteed income that’s not tied to market fluctuations. A lot of folks withdraw money from their investments to help pay for retirement. But stock market losses can have a significant impact on this strategy. Think about it: withdrawing money from a declining investment can quickly shorten the timeline for how long it will last. By adding a...
Use optional features to help maintain your purchasing power. Over the past few decades, rising prices for gas, groceries, and education serve as clear examples of inflation’s impact on our lives. Conveniently, guaranteed income annuities offer optional features to help protect your income from the effects of inflation, allowing you to keep up with...
Turn existing retirement plan assets into guaranteed income for life. Do you have money sitting in a 401(k) from a previous employer? Are you trying to figure out what to do with your IRA, 403(b), or employer-sponsoredretirement plan? Rolling some, or all, of those assets into a guaranteed income annuity is an easy way to turn that money into exact...
When do you need your income? Income Now Start receiving your income immediately or within the next year. Income Later Defer your income until a later date. By doing so, you can benefit from higher payout rates and make smaller premium contributions over time, as opposed to one larger lump sum. How often would you like to receive your income? Choos...
Share your income through joint ownership. If you want your income to also cover a loved one in retirement—like a spouse or a grandchild—you can purchase a joint-life guaranteed income annuity. By doing so, you’ll ensure that income will be paid to both of you throughout your lifetimes.
Create higher income amounts than other types of strategies. Each income payment you receive from a guaranteed income annuity is comprised of three things: 1. A return of your premium (the money you put into it) 2. Interest (the money we earn by investing your premium) 3. A component from risk pooling (something only an insurance company can provid...
Meet Required Minimum Distribution rules automatically. Required Minimum Distributions (RMDs) are amounts of money the IRS requires you to withdraw from your tax-qualified retirement plans after you reach age 70½. These distributions can be confusing and bothersome to calculate, and the IRS can charge you significant penalties if you fail to take t...
Leave a legacy to those who mean the most. A common misconception about annuities is that the insurance company keeps your money when you die. In truth, a guaranteed income annuity allows your income to pass directly to your beneficiaries upon your death. Payout options vary, and can be used to maximize your income or create a legacy. If an option ...
A flexible premium deferred income annuity that provides a stream of income payments guaranteed for the life, or lives, of the annuitant(s), beginning on a date chosen by the policy owner.
Dec 31, 2023 · The New York Life Guaranteed Future Income Annuity II is issued by New York Life Insurance and Annuity Corporation (NYLIAC), a Delaware Corporation, a wholly owned subsidiary of New York Life Insurance Company, 51 Madison Avenue, New York, NY 10010.
3 days ago · The New York Life Guaranteed Future Income Annuity II is issued by New York Life Insurance and Annuity Corporation (NYLIAC), a Delaware Corporation, a wholly owned subsidiary of New York Life Insurance Company, 51 Madison Avenue, New York, NY 10010.
The New York Life Insurance and Annuity Corporation (NYLIAC) is actually a subsidiary of the New York Life Insurance Company. This parent company has been in business for about 170 years, easily placing it in the ranks of America’s oldest insurance firms. Altogether, it boasts $271.7 billion in managed assets.
