IndexFlex Fixed Annuity - FP Series
New York Life Insurance and Annuity Corporation (NYLIAC)
8.1%
Best Cap
10%
Free W/D
A single-premium deferred annuity that credits interest based on stock index performance while protecting your principal from market losses. Designed for investors seeking retirement accumulation with downside protection.
Free Withdrawal
10%/yr
Available In
0 states
Min Premium
$10,000
Surrender
7 years
Current Rates & Strategies
| Index | Crediting | Cap | Participation | Fixed |
|---|---|---|---|---|
| Russell 2000 Index | Annual | 8.1% | 100% | -- |
| S&P 500 Index | Annual | 7.5% | 100% | -- |
| Fixed Account | Daily | -- | -- | 2.75% |
Key Features
Principal Guarantee
100% of premium protectedAccount value is never reduced due to negative index performance
Index Choices
S&P 500 or Russell 2000 Price ReturnLink interest credits to either large-cap or small-cap U.S. stock markets
Cap Rate Method
Guaranteed for 5 or 7 yearsEarn index returns up to a guaranteed cap; no returns in down years
Trigger Rate Method
Guaranteed for 5 or 7 yearsEarn a fixed guaranteed credit when index performance is positive or zero
Free Withdrawal
10% annual limitAccess up to 10% of account value annually without surrender charges
Market Value Adjustment
Applied on excess withdrawals during surrender periodAdjusts payout for interest rate changes if you surrender early, enabling higher crediting rates
Death Benefit
Included at no extra costBeneficiary receives the greater of initial premium or current account value
Premium Bands
$10K–$50K, $50K–$100K, $100K+Higher interest rates available for larger premiums
Highlights
Principal protection guaranteed—your account never loses money even in down market years
Annual interest credits based on stock market index performance (S&P 500 or Russell 2000)
Two crediting methods: Cap Rate for higher upside potential, or Trigger Rate for predictable credits
Interest rates locked in for 5 or 7 years, with 10% annual penalty-free withdrawal access
Market Value Adjustment allows for potentially higher crediting rates than comparable products
Surrender Schedule
Yr 1
8%
Yr 2
8%
Yr 3
7%
Yr 4
6%
Yr 5
5%
Yr 6
4%
Yr 7
3%
After
0%
Disability waiver, Nursing home waiver, Terminal illness waiver
Best For
Investors age 18–85 (or 0–85 non-qualified) with at least $10,000 to invest who want stock market upside potential with guaranteed principal protection and are willing to lock in rates for 5–7 years.
Consider Alternatives If
Investors who need immediate liquidity without penalties or those seeking high current income should consider other products, as significant withdrawal restrictions apply during the surrender period.
Carrier Ratings
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