Secure Term Fixed Annuity V
New York Life Insurance and Annuity Corporation (NYLIAC)
4.2%
Best Rate
10%
Free W/D
0
States
A single-premium fixed deferred annuity offering guaranteed interest rates for 3–7 years with flexible access to funds and automatic protections. Designed for investors seeking predictable income growth with liquidity options and peace of mind.
Free Withdrawal
10%/yr
Available In
0 states
Min Premium
$5,000
Surrender
7 years
Guaranteed Rates by Term
| Term | Guaranteed Rate |
|---|---|
| 3-Year | 4.05% |
| 4-Year | 4.1% |
| 5-Year | 4.1% |
| 6-Year | 4.2% |
| 7-Year | 4.2% |
Key Features
Initial Interest Rate Guarantee
3–7 year options availableYou choose a guarantee period from 3 to 7 years; your rate is locked in for that entire period based on your premium amount
Free Annual Withdrawal
Up to 10% annuallyEach policy year, you can withdraw the greater of 10% of previous year's value or 10% of current value without penalty
Surrender Charges
3–7% based on period selectedEarly withdrawals beyond the free amount incur charges ranging from 3–7% depending on your guarantee period and year of withdrawal
Living Needs Benefit
No additional costAutomatically included at no cost; waives surrender charges if you enter a care facility, receive terminal diagnosis, or become permanently disabled
Minimum Initial Premium
$5,000 minimumLow entry point with tiered interest crediting bands rewarding larger deposits
Death Benefit
100% of accumulation valueBeneficiaries receive the full accumulation value if you pass away before annuitization
No Annual Fees
$0 annual costNo policy maintenance or administration fees charged
Highlights
Fixed interest rates guaranteed for 3–7 years with no annual fees
Flexible withdrawal options including 10% annual free withdrawal amount
Living Needs Benefit automatically included at no extra cost for qualifying health events
Interest Opportunity Rider lets you capture rate increases in rising-rate environments
Top financial strength ratings from all four major rating agencies
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 investors, retirees, and those in tax-qualified plans seeking predictable, guaranteed returns with some liquidity and protection against health emergencies.
Consider Alternatives If
Investors needing immediate access to all their funds or those who may need large withdrawals early without penalty, as surrender charges apply to amounts exceeding the 10% annual free withdrawal.
Carrier Ratings
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