%2Bsl.png&w=1920&q=70)
New York Life – Secure Term MVA II™ Fixed Annuity
About this product
The New York Life Secure Term MVA 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 growth with a choice of 3-, 4-, 5-, 6-, or 7-year initial interest-rate guarantee periods. This version includes a Market Value Adjustment (MVA), which can allow for potentially higher initial credited rates compared to a non-MVA product, in exchange for the possibility that an MVA may increase or decrease values if the owner takes certain withdrawals/surrenders during the surrender charge period.
Available Rates
Rates are based on current simulation settings with premium amount $100,000.00
| 3 Years | 4.20% |
| 4 Years | 3.60% |
| 5 Years | 4.30% |
| 6 Years | 4.40% |
| 7 Years | 4.40% |
Available Guarantee Periods
Rates are based on current simulation settings with premium amount $100,000.00
| $5,000.00 - $24,999.00 | 3.55% |
| $25,000.00 - $49,999.00 | 3.75% |
| $50,000.00 - $99,999.00 | 3.95% |
| $100,000.00 - $3,000,000.00 | 4.2% |
| Features | |
| Maximum Issue Age | 85 years |
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