Secure Term Fixed Annuity IV - FP Series
New York Life Insurance and Annuity Corporation (NYLIAC)
4%
Best Rate
10%
Free W/D
0
States
A fixed annuity with guaranteed interest rates for 3-6 years that offers flexible access to your money through penalty-free withdrawals and comes with built-in living benefits. Designed for investors seeking predictable growth with the security of NYLIAC's financial guarantees.
Free Withdrawal
10%/yr
Available In
0 states
Min Premium
$5,000
Surrender
7 years
Guaranteed Rates by Term
| Term | Guaranteed Rate |
|---|---|
| 3-Year | 3.85% |
| 4-Year | 3.9% |
| 5-Year | 3.9% |
| 6-Year | 4% |
| 7-Year | 4% |
Key Features
Minimum Premium
$50,000Single lump-sum investment required to open the policy
Guaranteed Interest Rate Terms
3, 4, 5, or 6 yearsChoice of initial guarantee periods that determine your rate and surrender charge schedule
10% Window
10% annually, penalty-freeWithdraw up to 10% of your policy's anniversary value annually without surrender charges or MVA adjustments during the guarantee period
Interest Rate Crediting Bands
$50K-$99,999 and $100K+Different interest rates offered based on premium size to optimize returns
Flexible Withdrawals
Unlimited annual withdrawalsUnlimited withdrawals available (minimum $100 each) with options for periodic or lump-sum payments
RMD Automation
Monthly, quarterly, semiannual, or annualNYLIAC automatically calculates and processes Required Minimum Distributions with no surrender charges for qualified plans
Issue Age Range
Age 0-85 (non-qualified and inherited IRA); age 18-85 (qualified plans)Product available to a wide range of ages depending on plan type
Renewal Options
Available at end of initial termAfter initial term ends, renew for 1, 3, 4, 5, or 6 years with updated rates and new surrender charge schedule
Settlement Flexibility
Full Surrender or Life AnnuityChoose between lump-sum surrender or converting to lifetime income payments at any time
Death Benefit
100% of accumulation valueFull accumulation value passes directly to beneficiaries outside probate; surviving spouses can assume ownership to defer taxes
Highlights
Market Value Adjustment (MVA) allows for potentially higher initial interest rates than comparable products without this feature
10% Window provides penalty-free access to up to 10% of your policy value annually during the surrender charge period
Flexible withdrawal options including scheduled periodic payments, Required Minimum Distributions (RMDs), and full surrenders
Living Needs Benefit Rider automatically included at no cost for qualifying hardships like long-term care, terminal illness, or disability
Spousal continuation option allows surviving spouses to assume ownership and defer taxes under federal law
Surrender Schedule
Yr 1
7%
Yr 2
7%
Yr 3
7%
Yr 4
6%
Yr 5
5%
Yr 6
4%
Yr 7
3%
After
0%
Nursing home waiver, RMD waiver, Terminal illness waiver
Best For
Conservative to moderate investors age 0-85 seeking predictable, guaranteed growth with flexibility to access funds and automatic living benefits for health emergencies.
Consider Alternatives If
Investors who need immediate full access to their capital or who cannot commit funds for the selected guarantee period, as early withdrawals beyond the 10% window incur surrender charges and potential MVA adjustments.
Carrier Ratings
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