Clear Income Advantage - FP Series
New York Life Insurance and Annuity Corporation (NYLIAC)
Best available rate
100%
7-yr guarantee · 7-yr surrender schedule · $100,000–$1,499,999 premium
Up to 100% depending on guarantee term and premium band.
View all rates and terms ↓10%
Free W/D
53
Available jurisdictions
Rates as of August 17, 2026. CANNEX via AdvisorWorld; confirm rates and state availability before purchase.
Product analyzer
Run numbers for Clear Income Advantage - FP Series
guaranteed rates, terms, state availability, surrender details, and contract facts stay scoped to this New York Life Insurance and Annuity Corporation (NYLIAC) product.
Free withdrawal
10%/yr
Availability
53 jurisdictions (excl. New York)
Minimum premium
$50,000
Available guarantee terms
7 years
Surrender period
7 years
Free Comparison Report
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See how Clear Income Advantage - FP Series compares for your age, state, premium, and income goals alongside other New York Life Insurance and Annuity Corporation (NYLIAC) MYGA options.
Guaranteed Rates by Term
| Term | Surrender term | Rate effective | $50,000–$99,999Premium · comparable annual rate | $100,000–$1,499,999Premium · comparable annual rate | $1,500,000+Premium · comparable annual rate |
|---|---|---|---|---|---|
| 7-Year | 7-Year schedule | Aug 17, 2026 | 100%Rate convention not stated | 100%Rate convention not stated | 100%Rate convention not stated |
Key Features
Free withdrawal
10%/yrAnnual amount that may be available without surrender charges, subject to contract terms.
Surrender waivers
4Activities of daily living, Nursing home waiver, RMD waiver, Unemployment waiver
Death benefit
Standard Death BenefitBeneficiary value depends on contract terms, withdrawals, and rider elections.
Annuitization options
Single and jointContract conversion options should be confirmed before purchase.
Fund types
Non-qualified, QualifiedAvailability can vary by state and product terms.
Surrender Schedule
7-Year Version
Yr 1
7%
Yr 2
7%
Yr 3
7%
Yr 4
6%
Yr 5
5%
Yr 6
4%
Yr 7
3%
After
0%
Nursing home waiver, RMD waiver, Unemployment waiver, Surrender waivers
Carrier Ratings
Free Comparison Report
Get a Clear Income Advantage - FP Series rate report
See how Clear Income Advantage - FP Series compares for your age, state, premium, and income goals alongside other New York Life Insurance and Annuity Corporation (NYLIAC) MYGA options.