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Fixed Indexed Annuity

IndexFlex Fixed Annuity - FP Series (7-year) — New York Life

New York Life

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9.5%

Best S&P 500 Annual Cap

10%

Free W/D

Product data status: October 2, 2026

Rates, state availability, rider terms, and contract language must be confirmed with a licensed financial advisor or insurance professional before purchase. Guarantees are backed by the issuing insurer.

Model this product

See what IndexFlex Fixed Annuity - FP Series (7-year) would do for you

Set your numbers and switch between growth strategies and liquidity scenarios. Negative index performance does not produce a negative index credit. Fees, withdrawals and surrender charges can reduce contract value.

Product analyzer
Illustrative — live CANNEX rates as of October 2, 2026; not a projection or guarantee.
Crediting strategy
Compare against
$309,222
Est. value at age 80 (IndexFlex Fixed Annuity - FP Series (7-year))
2
Broad-market strategies
S&P 500 Index — 9.5% Cap (Annual · 7-yr term)
✦
How crediting works: the cap limits positive index returns; a down year credits 0%, never a loss. A cap strategy tracks the index within its terms. What is a cap vs participation? →
Assumptions: illustrative — applies IndexFlex Fixed Annuity - FP Series (7-year)'s published cap rate (9.5% on S&P 500 Index) to a standard benchmark hypothetical index path (~5.4%/yr average, including down years) with a 0% floor over 20 years. Not a projection, quote, or guarantee. Live CANNEX rates as of October 2, 2026.

Free Comparison Report

Get an IndexFlex Fixed Annuity - FP Series (7-year) rate report

See how IndexFlex Fixed Annuity - FP Series (7-year) compares for your age, state, premium, and income goals alongside other New York Life fixed indexed annuity options.

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rate data

Run numbers for IndexFlex Fixed Annuity - FP Series (7-year)

rates, riders, crediting strategies, state availability, and contract facts stay scoped to this New York Life product.

Live product data

Rates as of October 2, 2026, from AdvisorWorld and CANNEX.

S&P 500 annual point-to-point cap rate

9.5% cap on S&P 500

A New York Life accumulation FIA with five-year and seven-year versions, recognizable S&P 500 and Russell 2000 strategies, premium-banded pricing, and no published lifetime-income rider.

7-year term7-year surrender$100,000+AdvisorWorld + CANNEX data

Best fit

Accumulation-focused buyers who want recognizable index choices, can hold through the selected surrender period, and will compare the exact term and premium band that applies to their deposit.

AM Best

A++ Superior

Surrender period

7 years

Free withdrawal

10%/yr

Minimum premium

$10,000 non-qualified / $10,000 qualified

Featured crediting strategies

Index / strategyRate mechanics

S&P 500

S&P 500 Index

9.5% cap rate

Rate effective Sep 28, 2026

7-year point-to-point

Requested state: TX

7-year term · 7-year surrender · $100,000+

S&P 500

S&P 500 Index

8% trigger rate

Rate effective Sep 28, 2026

Performance trigger

Requested state: TX

7-year term · 7-year surrender · $100,000+

Fixed Account

Fixed Account

3.25% declared rate

Rate effective Sep 28, 2026

Fixed account

Requested state: TX

1-year term · 7-year surrender · $100,000+

+ 2 additional crediting options (Russell 2000...)

Product analyst notes

How to think about this contract

Why it can stand out

  • The contract offers annual point-to-point cap and performance-trigger choices on both the S&P 500 and Russell 2000 alongside a fixed account.
  • Separate five-year and seven-year versions let buyers match the index-crediting menu to different planned holding periods.
  • Published pricing uses premium bands, so the page can show how the same strategy changes across deposit sizes without collapsing the bands.
  • A free-withdrawal allowance and disability, nursing-home, and terminal-illness waivers provide named ways to access value during the surrender period.

What to confirm

  • This is an accumulation-focused fixed indexed annuity, not a guaranteed-lifetime-income product; the current data publishes no income rider.
  • Caps and trigger rates can change after their crediting period, so a current illustration is not a promise that today's renewal terms will continue.
  • The five-year and seven-year contracts carry different surrender commitments, and market value adjustment treatment can depend on the issued version and jurisdiction.
  • Premium-banded pricing means a strategy shown for one deposit size may not apply to a smaller or larger contribution.

Not ideal for

Buyers who need guaranteed lifetime withdrawals, a permanently fixed renewal rate, unrestricted early liquidity, or a plain declared-rate contract without index-crediting choices.

Free Comparison Report

Get an IndexFlex Fixed Annuity - FP Series (7-year) rate report

See how IndexFlex Fixed Annuity - FP Series (7-year) compares for your age, state, premium, and income goals alongside other New York Life fixed indexed annuity options.

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All crediting strategies

View rate listings (10 strategies)

These listings show published strategy details and any available rates. Use the filters to narrow by index, term, premium band, or rate type.

Fixed: 3.25% · 1-yr

Fixed Account

Fixed account · 0% annual strategy fee

Requested state: TXRate effective Sep 28, 20267-yr surrender$100,000+

Fixed: 3.25% · 1-yr

Fixed Account

Fixed account

Requested state: TX7-yr surrender$100,000+

Cap: 10.25% · 7-yr

Russell 2000 Index

Point-to-point · 0% annual strategy fee

Requested state: TXRate effective Sep 28, 20267-yr surrender$100,000+

Cap: 10.25% · 7-yr

Russell 2000 Index

Point-to-point

Requested state: TX7-yr surrender$100,000+

Cap: 9.5% · 7-yr

S&P 500 Index

Point-to-point · 0% annual strategy fee

Requested state: TXRate effective Sep 28, 20267-yr surrender$100,000+

Cap: 9.5% · 7-yr

S&P 500 Index

Point-to-point

Requested state: TX7-yr surrender$100,000+

Trigger: 8.75% · 7-yr

Russell 2000 Index

Performance trigger · 0% annual strategy fee

Requested state: TXRate effective Sep 28, 20267-yr surrender$100,000+

Trigger: 8.75% · 7-yr

Russell 2000 Index

Performance trigger

Requested state: TX7-yr surrender$100,000+

Trigger: 8% · 7-yr

S&P 500 Index

Performance trigger · 0% annual strategy fee

Requested state: TXRate effective Sep 28, 20267-yr surrender$100,000+

Trigger: 8% · 7-yr

S&P 500 Index

Performance trigger

Requested state: TX7-yr surrender$100,000+

Accumulation profile

Accumulation-focused contract

The CANNEX information identifies this product as tax-deferred accumulation. Compare cap, participation rate, fees, liquidity, and surrender terms; use a separate payout-focused contract when guaranteed payout mechanics are required.

Common questions about IndexFlex Fixed Annuity - FP Series (7-year)

● Can I lose money in IndexFlex Fixed Annuity - FP Series (7-year)?

A negative index return by itself does not reduce the contract's account value: IndexFlex Fixed Annuity - FP Series (7-year) credits 0% — the floor — for that indexed period. The account value can still decrease from withdrawals, surrender charges, other contract-specific deductions. In years with no credited interest, those deductions can reduce the account value. Up to 10% of your value can be withdrawn each year without a charge; withdrawals above the penalty-free amount during the surrender period can incur a surrender charge.

● When can I access my money without a surrender charge?

Up to 10% of your account value each year is penalty-free. The scheduled surrender charges run 7 years; after that the surrender-charge schedule ends. Bonus vesting, market value adjustments when applicable, and other contract rules can still affect the amount available. The Liquidity tab of the analyzer shows the year-by-year surrender charge.

● How do IndexFlex Fixed Annuity - FP Series (7-year)'s crediting strategies compare?

Use "Compare against" in the analyzer to overlay another available IndexFlex Fixed Annuity - FP Series (7-year) strategy on the same premium, age, years, and hypothetical index path. The control labels the strategy type, rate, index, and context so caps, participation rates, triggers, spreads, and fixed-account choices are not treated as interchangeable.

Key Features

Free withdrawal

10%/yr

Annual amount that may be available without surrender charges, subject to contract terms.

Surrender waivers

3

Disability waiver, Nursing home waiver, Terminal illness waiver

Death benefit

Standard Death Benefit

Beneficiary value depends on contract terms, withdrawals, and rider elections.

Cap-rate floor

0.50%

Minimum guaranteed cap for cap-based indexed strategies.

Declared-rate floor

0.50%

Minimum guaranteed declared rate for declared-rate or performance-trigger strategies.

Fixed account guarantee

0.05%

Guaranteed minimum interest rate for the fixed account.

Participation-rate floor

100.00%

Minimum guaranteed participation rate for participation-rate indexed strategies.

Annuitization options

Single life

Published payout options from the normalized contract facts.

Fund types

Non-qualified, Qualified

Availability can vary by state and product terms.

Surrender schedule

Yr 1

8%

Yr 2

8%

Yr 3

7%

Yr 4

6%

Yr 5

5%

Yr 6

4%

Yr 7

3%

After

0%

Disability waiver, Nursing home waiver, Terminal illness waiver

Documents

product guide

TPD_Client_Fact_Sheet_IndexFlex_FIA.pdf

Confidence: highReviewed Apr 9, 2026

Direct link not published — request the document from the carrier.

Carrier Ratings

AM BestA++
FitchAAA
Moody'sAa1
S&PAA+

Contract notes from product data

Crediting design

How the interest-crediting choices are framed

IndexFlex Fixed Annuity - FP Series (7-year) currently shows 10 indexed or fixed crediting options, including S&P 500 Index, with 4 volatility-controlled index options grouped separately. These choices matter because caps, participation rates, fixed accounts, spreads, and renewal terms are different mechanics and should not be ranked as one simple rate list.

  • S&P 500 Index: 9.5% annual cap, 0% annual strategy fee
  • S&P 500 Index: 9.5% annual cap
  • S&P 500 Index: 8% annual trigger rate, 0% annual strategy fee
  • S&P 500 Index: 8% annual trigger rate

Liquidity terms

Why access rules deserve as much attention as rates

A fixed indexed annuity can preserve more control than an income-only contract, but access is still governed by the surrender schedule, free-withdrawal terms, and waiver language. Those details are where many product comparisons become more meaningful than a simple rate list.

  • 10%/yr free withdrawal
  • 7 surrender years
  • Disability waiver
  • Nursing home waiver
  • Terminal illness waiver

Verification note

Use carrier materials as term evidence, then confirm the current version

Carrier materials such as TPD_Client_Fact_Sheet_IndexFlex_FIA.pdf help explain the contract language behind the data on this page; the latest document activity we see is Apr 24, 2026. For the current brochure, rate sheet, or specimen contract, confirm the state-specific version with the carrier or a licensed financial professional.

  • Rates and rider terms can vary by state and issue age
  • Carrier guarantees depend on claims-paying ability
  • Current contract forms should be confirmed before purchase

Free Comparison Report

Get an IndexFlex Fixed Annuity - FP Series (7-year) rate report

See how IndexFlex Fixed Annuity - FP Series (7-year) compares for your age, state, premium, and income goals alongside other New York Life fixed indexed annuity options.

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