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Active Product: New York Life – Secure Term MVA II™ Fixed Annuity (3, 4, 5, 6, 7-Year Terms)
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New York Life – Secure Term MVA II™ Fixed Annuity (3, 4, 5, 6, 7-Year Terms)
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.
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 | 4.10% |
| 4 Years | 3.50% |
| 5 Years | 4.15% |
| 6 Years | 4.15% |
| 7 Years | 4.15% |
Available Guarantee Periods
Rates based on investment 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 | 4.10% |
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 | 4.15% |
| 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