Secure Term MVA II
New York Life Insurance and Annuity Corporation (NYLIAC)
4.3%
Best Rate
10%
Free W/D
53
States
A single-premium fixed deferred annuity offering flexible interest rate guarantee periods and surrender schedules, with no annual fees and built-in living needs protection for individuals seeking guaranteed growth with liquidity options.
Free Withdrawal
10%/yr
Available In
53 states
Min Premium
$5,000
Surrender
7 years
Guaranteed Rates by Term
| Term | Guaranteed Rate |
|---|---|
| 3-Year | 4.1% |
| 4-Year | 4.15% |
| 5-Year | 4.2% |
| 6-Year | 4.3% |
| 7-Year | 4.3% |
Key Features
Guaranteed Interest Rates
3-7 year optionsChoose a 3-, 4-, 5-, 6-, or 7-year initial interest rate guarantee period, with renewal rates based on accumulation value thereafter (minimum guaranteed)
Minimum Premium
$5,000 minimum; $1M+ requires approvalLow entry point for fixed annuity investing with larger premiums requiring issuer approval
Free Withdrawals
10% annually or all gainsAccess money without surrender charges up to 10% of accumulation value annually or 100% of gains (for $100K+ policies)
Surrender Charges
7% to 3% depending on period/yearDeclining charges apply to withdrawals exceeding free amount during the guarantee period (7% declining to 3% by year 7 on 7-year option)
Market Value Adjustment
Applied to excess withdrawals onlyAdjustment applied to excess withdrawals/surrenders during guarantee period based on interest rate changes; protects against large positive adjustments
Living Needs Benefit
Automatic, no additional costAutomatically included rider allows waiver of surrender charges for qualified events (nursing home, terminal illness, disability, unemployment)
No Annual Fees
$0 annual feesNo policy maintenance or administration fees charged annually
Enhanced Beneficiary Benefit Rider
40% of earnings, 0.30% annual chargeOptional rider providing beneficiaries additional funds equal to percentage of policy earnings at death to offset expenses like taxes
Highlights
Choose from 3-, 4-, 5-, 6-, or 7-year guarantee periods with matching surrender charge schedules
Market Value Adjustment (MVA) provision allows for potentially higher initial interest rates
Free withdrawal options including 10% of accumulation value annually and 100% of gains (for policies $100K+)
Automatically includes Living Needs Benefit/Unemployment Rider at no additional cost
Backed by New York Life's highest 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 seeking guaranteed growth with predictable income, flexible access to funds without annual fees, and protection through New York Life's strong financial backing.
Consider Alternatives If
Investors needing immediate full access to funds without surrender charges, those seeking variable returns, or those uncomfortable with declining interest rates after the initial guarantee period ends.
Carrier Ratings
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