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Fixed Indexed Annuity

IndexFlex Fixed Annuity - FP Series (7-year)

New York Life

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10%

Free W/D

Product data status: August 10, 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, income, and liquidity. Index losses credit 0% — the floor — so a down market never reduces your value.

Product analyzer
Illustrative — live CANNEX rates as of August 10, 2026; not a projection or guarantee.
Crediting strategy
Compare against
$118,266
Est. value at age 80 (IndexFlex Fixed Annuity - FP Series (7-year))
2
Broad-market strategies
S&P 500 Index — 8.75% 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 (8.75% 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; 7-year credits are applied only at completed term anniversaries. Not a projection, quote, or guarantee. Live CANNEX rates as of August 10, 2026.

Free Comparison Report

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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

New York Life Insurance and Annuity Corporation (NYLIAC) — sourced from AdvisorWorld

AM Best

A++

Free Withdrawal

10%/yr

Surrender period

7 years

Current Carrier Ratings

AM Best
A++
S&P
AAA
Moody's
Aa1
S&P
AA+

Product Details

AM Best RatingA++ — Superior
Free Withdrawal10% / year
Surrender period7 years
Premium Range$10,000 — $3,000,000

Contract flexibility notes

Surrender waivers

  • + Disability waiver
  • + Nursing home waiver
  • + Terminal illness waiver
  • + Surrender waivers

Surrender Charge Schedule

Yr 1

8%

Yr 2

8%

Yr 3

7%

Yr 4

6%

Yr 5

5%

Yr 6

4%

Yr 7

3%

After Yr 7

0%

Free Comparison Report

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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 (13 strategies)

These are the current crediting strategies available for this product. Use the filters to narrow by index, term, premium band, or rate type.

Fixed: 3.15% · 1-yr

Fixed Account

fixed

7-yr surrender$100,000+

Par: 100% + Declared: 7.5% · 7-yr

S&P 500 Index

trigger

7-yr surrender$100,000+

Par: 100% + Declared: 8.25% · 7-yr

Russell 2000 Index

trigger

7-yr surrender$100,000+

Cap: 9.5% · 7-yr

Russell 2000 Index

cap

7-yr surrender$100,000+

Cap: 8.75% · 7-yr

S&P 500 Index

cap

7-yr surrender$100,000+

Par: 100% + Declared: 7.05% · 7-yr

S&P 500 Index

trigger

7-yr surrender$50,000 - $99,999.99

Par: 100% + Declared: 7.8% · 7-yr

Russell 2000 Index

trigger

7-yr surrender$50,000 - $99,999.99

Cap: 9.05% · 7-yr

Russell 2000 Index

cap

7-yr surrender$50,000 - $99,999.99

Cap: 8.35% · 7-yr

S&P 500 Index

cap

7-yr surrender$50,000 - $99,999.99

Par: 100% + Declared: 6.7% · 7-yr

S&P 500 Index

trigger

7-yr surrenderUp to $49,999.99

Par: 100% + Declared: 7.45% · 7-yr

Russell 2000 Index

trigger

7-yr surrenderUp to $49,999.99

Cap: 8.7% · 7-yr

Russell 2000 Index

cap

7-yr surrenderUp to $49,999.99

Cap: 8% · 7-yr

S&P 500 Index

cap

7-yr surrenderUp to $49,999.99

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 applicable rider fees, Performance Rate Rider or other strategy charges, administrative charges, withdrawals, surrender charges, or 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 and joint

Contract conversion options should be confirmed before purchase.

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, Surrender waivers

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++
S&PAAA
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 9 distinct indexed or fixed crediting choices across 13 displayed rate entries, including S&P 500 Index, with 4 volatility-controlled index options grouped separately. These choices matter because caps, participation rates, fixed accounts, spreads, renewal terms, and fee-bearing rider variants are different mechanics and should not be ranked as one simple rate list.

  • S&P 500 Index: 8.75% 7-year cap
  • S&P 500 Index: 8% 7-year cap
  • S&P 500 Index: 8.35% 7-year cap
  • S&P 500 Index: 100% 7-year participation 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

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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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