New York Life Insurance and Annuity Corporation (NYLIAC)

New York Life Insurance and Annuity Corporation (NYLIAC)

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Financial Ratings

A.M. Best: A++ A++Stable

About New York Life Insurance and Annuity Corporation (NYLIAC)

New York Life Insurance and Annuity Corporation (NYLIAC), founded in 1980 as a wholly owned subsidiary of New York Life Insurance Company, is the dedicated issuer of the group’s annuity products, including fixed annuities, variable annuities, and income annuities tailored to support retirement income and long-term savings goals. Headquartered in Delaware and backed by the strength and history of its parent—New York Life, established in 1845—NYLIAC operates with the objective of providing individuals with dependable retirement solutions that emphasize lifetime income, capital preservation, and financial security. The company’s mission is built on a policyholder-first approach, conservative financial management, and a commitment to long-term stability, reflecting New York Life’s broader legacy as one of the most trusted and financially secure mutual life insurers in the United States.

Product Lineup

Clear Income Advantage - FP Series

Annuity

Guaranteed Income for Life—Fixed & Secure

Guaranteed Lifetime Withdrawal Benefit (GLWB)Lifetime income protection
Fixed Interest RatePrincipal protection + guaranteed growth
Early Access WithdrawalFlexibility without losing future income
Low Annual Fee0.95% annually

Best for: Individuals age 50-80 with at least $50,000 to invest who prioritize guaranteed ...

Details

IndexFlex Fixed Annuity - FP Series

Fixed Indexed Annuity

Index-Linked Growth with Principal Protection

Principal Guarantee100% of premium protected
Index ChoicesS&P 500 or Russell 2000 Price Return
Cap Rate MethodGuaranteed for 5 or 7 years
Trigger Rate MethodGuaranteed for 5 or 7 years

Best for: Investors age 18–85 (or 0–85 non-qualified) with at least $10,000 to invest who ...

Details

Secure Term Choice II

Annuity

Fixed annuity with flexible terms & guaranteed returns

Flexible Guarantee Periods3-7 years
Minimum Premium$5,000 to $10,000
Return of Premium BenefitEffective after 24 months (or immediately for ages 86-93)
Free Annual WithdrawalsUp to 10% annually

Best for: Conservative investors seeking guaranteed interest rates, predictable accumulati...

Details

Secure Term Fixed Annuity IV - FP Series

Annuity

Guaranteed Growth with Flexible Access & Built-In Living Benefits

Minimum Premium$50,000
Guaranteed Interest Rate Terms3, 4, 5, or 6 years
10% Window10% annually, penalty-free
Interest Rate Crediting Bands$50K-$99,999 and $100K+

Best for: Conservative to moderate investors age 0-85 seeking predictable, guaranteed grow...

Details

Secure Term Fixed Annuity V

Annuity

Fixed rates, flexible withdrawals, guaranteed security

Initial Interest Rate Guarantee3–7 year options available
Free Annual WithdrawalUp to 10% annually
Surrender Charges3–7% based on period selected
Living Needs BenefitNo additional cost

Best for: Conservative investors, retirees, and those in tax-qualified plans seeking predi...

Details

Secure Term MVA II

Annuity

Fixed Annuity with Flexible Terms & No Annual Fees

Guaranteed Interest Rates3-7 year options
Minimum Premium$5,000 minimum; $1M+ requires approval
Free Withdrawals10% annually or all gains
Surrender Charges7% to 3% depending on period/year

Best for: Conservative investors seeking guaranteed growth with predictable income, flexib...

Details

Financial Ratings

Live from CANNEX

Rating Agency

A.M. Best

Rating

A++

Description

Superior

Effective

May 19, 2025

Rating Agency

Fitch

Rating

AAA

Description

Exceptionally strong

Effective

May 19, 2025

Rating Agency

Moody's

Rating

Aa1

Description

Excellent

Effective

May 19, 2025

Rating Agency

Standard & Poor's

Rating

AA+

Description

Very strong

Effective

May 19, 2025

Rating Analysis

NYLIAC and its parent company consistently hold some of the highest ratings in the industry, reflecting exceptional financial strength and stability. An A++ from A.M. Best is the agency’s top financial strength grade, indicating a superior ability to meet ongoing obligations; AAA from Fitch confirms extremely strong financial security, prudent risk management, and resilience; Aa1 from Moody’s denotes very high quality with minimal credit risk, just one notch below their absolute highest rating; and AA+ from Standard & Poor’s also sits just below the top rating, highlighting very strong capacity to honor commitments with only slight vulnerability under extreme stress conditions.

New York Life Insurance and Annuity Corporation (NYLIAC) Products

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