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

Secure Term MVA Fixed Annuity II is a Single Premium Deferred Fixed Annuity (SPDA) funded by a one-time premium payment (no additional premium payments). The owner selects a 3-, 4-, 5-, 6-, or 7-year guarantee period that aligns with a surrender charge period. Interest is credited at a fixed rate for the selected period. After the initial guarantee period ends, the policy receives a renewal rate guaranteed for one year, and the crediting rate will not be less than the policy’s GMIR (guaranteed minimum interest rate).

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

Withdrawals above the annual free-withdrawal amount, or full surrender during the surrender charge period, may be subject to surrender charges and (for excess withdrawals/surrenders during the period) an MVA. Charges decline by year and reach 0% after the term ends.

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

The best available rate is 4.15% for a 7 year term.

New York Life Insurance and Annuity Corporation (NYLIAC)

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.

Available Rates

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

3 Years	4.10%
4 Years	3.50%
5 Years	4.15%
6 Years	4.15%
7 Years	4.15%

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