Simulation & Edit Mode
Active Product: New York Life – Secure Term Choice II™ Fixed Annuity (3, 4, 5, 6, 7-Year Terms)
.svg)
New York Life – Secure Term Choice II™ Fixed Annuity (3, 4, 5, 6, 7-Year Terms)
About this product
The New York Life Secure Term Choice Fixed Annuity II™ is a single-premium fixed deferred annuity issued by New York Life Insurance and Annuity Corporation (NYLIAC) that provides fixed, tax-deferred interest growthwith a choice of 3-, 4-, 5-, 6-, or 7-year initial interest-rate guarantee periods. During the selected guarantee period, the interest rate is locked in (effective annual yield, compounded daily), and the term chosen corresponds to a matching surrender charge schedule. At the end of the guarantee period, the contract renews annually at a declared renewal rate, subject to the contract’s guaranteed minimum interest rate (GMIR).
Important Disclaimer
The results displayed here are for simulation purposes only and do not represent financial advice or real-world values. Please consult a qualified financial professional before making any investment decisions.
Available Rates
| 3 Years | 4.05% |
| 4 Years | 4.10% |
| 5 Years | 4.10% |
| 6 Years | 4.10% |
| 7 Years | 4.10% |
Available Guarantee Periods
Rates based on investment amount $100,000.00
| $5,000.00 - $24,999.00 | 3.40% |
| $25,000.00 - $49,999.00 | 3.60% |
| $50,000.00 - $99,999.00 | 3.80% |
| $100,000.00 - $3,000,000.00 | 4.05% |
Features
| Maximum Issue Age | 85 years |
Growth Projection
How your money grows
Based on your issue age (55) and target payout age (62), the following guarantee period will be applied:
| Guarantee Period | 7 years |
| Rate | 4.10% |
| Age | 55 - 62 |
Summary
| Total years to payout | 30 |
| Total guarantee periods applied | 5 |
Lifetime Income Details
Payout Options
Additional Options
Actual payout options may vary by insurance carrier and specific products. Common alternatives include:
Life Income Only
Payments for the rest of your life, stopping upon death
Period Certain
Guaranteed payments for a specific time period (5, 10, 15, or 20 years)
Life with Period Certain
Lifetime payments with a minimum guaranteed period
Joint Life
Payments continue for both you and your spouse's lifetimes
Systematic Withdrawal
Regular withdrawals of a specified amount or percentage