What is the minimum guaranteed surrender value for New York Life – Secure Term Choice II™ Fixed Annuity (3, 4, 5, 6, 7-Year Terms)?

Secure Term Choice Fixed Annuity II is a Single Premium Deferred Fixed Annuity (SPDA) funded with one premium payment, designed for tax-deferred accumulation (taxes generally due when distributions are taken). The contract credits interest daily and compounds to an effective annual yield. The owner selects a 3-, 4-, 5-, 6-, or 7-year guarantee period; after that period ends, the policy receives a renewal rate guaranteed for one year (and not less than the policy GMIR).

What is the minimum premium amount for New York Life – Secure Term Choice II™ Fixed Annuity (3, 4, 5, 6, 7-Year Terms)?

The minimum premium amount is $5,000.

What is the maximum issue age for New York Life – Secure Term Choice II™ Fixed Annuity (3, 4, 5, 6, 7-Year Terms)?

The maximum issue age is 85 years.

What is the current interest rate for New York Life – Secure Term Choice II™ Fixed Annuity (3, 4, 5, 6, 7-Year Terms)?

The current interest rate is 3.45%.

What is the surrender charge schedule for New York Life – Secure Term Choice II™ Fixed Annuity (3, 4, 5, 6, 7-Year Terms)?

Withdrawals above the annual free-withdrawal amount, or a full surrender during the selected surrender charge period, may be subject to surrender charges. Surrender charges decline by year and reach 0% after the guarantee/surrender period ends.

What are the best rates available for New York Life – Secure Term Choice II™ Fixed Annuity (3, 4, 5, 6, 7-Year Terms)?

The best available rate is 4.10% for a 3 year term.

New York Life Insurance and Annuity Corporation (NYLIAC)

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).

Available Rates

Rates are based on current simulation settings with premium amount $100,000.00

3 Years	4.10%
4 Years	4.10%
5 Years	4.10%
6 Years	4.10%
7 Years	4.05%

Available Guarantee Periods

Rates are based on current simulation settings with premium amount $100,000.00

$5,000.00 - $24,999.00	3.45%
$25,000.00 - $49,999.00	3.65%
$50,000.00 - $99,999.00	3.85%
$100,000.00 - $3,000,000.00	4.1%

Features
Maximum Issue Age	85 years

Lifetime Income Details

Payout Options

Annuitization

Lump Sum Withdrawal

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