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

Secure Term V is a Single Premium Deferred Fixed Annuity (SPDA). The owner makes a one-time premium payment, selects a guarantee period of 3, 4, 5, 6 or 7 years. During that period the contract earns the fixed “initial interest rate” as declared at issue (and locked in for the term), compounded daily. At the end of the guarantee term, the annuity converts to a renewal interest rate each policy anniversary (never below the contract’s Guaranteed Minimum Interest Rate — GMIR) until surrender or annuitization.

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

The current interest rate is 3.4%.

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

Withdrawals beyond the free-withdrawal allowance or full surrender during the guarantee period are subject to declining surrender charges. An MVA may apply, adjusting the value upward or downward based on interest-rate changes since issue. After the term, no charges or MVA apply.

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

The best available rate is 4.10% for a 7 year term.

New York Life Insurance and Annuity Corporation (NYLIAC)

New York Life – Secure Term V™ Fixed Annuity (3, 4, 5, 6, 7-Year Terms)

About this product

The New York Life Secure Term V™ Fixed Annuity is a single-premium Multi-Year Guaranteed Annuity (MYGA) offering fixed interest rates for terms of 3 to 7 years. It provides guaranteed growth with full protection of principal, and penalty-free annual withdrawals up to 10% of account value, or required minimum distributions (RMDs) if greater. The product includes surrender charge waivers for qualifying events such as terminal illness, nursing home confinement, or unemployment. A declining surrender charge schedule applies during the guarantee period. At maturity, policyholders may renew into a new guarantee period, reinvest, or withdraw their accumulation value in full without penalty.

Available Rates

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

3 Years	4.05%
4 Years	3.45%
6 Years	4.10%
7 Years	4.10%

Available Guarantee Periods

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

$5,000.00 - $24,999.00	3.4%
$25,000.00 - $49,999.00	3.6%
$50,000.00 - $99,999.00	3.8%
$100,000.00 - $3,000,000.00	4.05%

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