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Multi-Year Guaranteed Annuity

Clear Income Advantage - FP Series

Issued by New York Life Insurance and Annuity Corporation (NYLIAC)AM Best A++ · Superior

Guarantee terms

Not published

Free withdrawal

10% published tier; confirm timing and exceptions

Market value adj.

Applies

Minimum premium

$50,000

Availability

50 jurisdictions (49 states + DC; feed also lists GU, PR, VI)

Surrender schedule

7-year option published contract option; match to the selected rate before purchase

Interest crediting

Confirm per quote

Rates effective

Sep 7, 2026

Get my rate reportAll terms & versionsVerified Sep 7, 2026 · CANNEX via AdvisorWorld

Guaranteed rates by term

No current marketed rate passed the display-integrity checks for this contract.

The available feed values are withheld because they may represent minimum-guarantee or contract-floor figures rather than a rate currently offered to buyers. Confirm a current carrier illustration before comparing this product.

Lifetime income benefit

Published payout and charge terms for the contract’s income benefit.

GLWB

Guaranteed Lifetime Withdrawal Benefit

Payout rate not published · 0.95% annual rider fee · Mandatory benefit

Getting money out

What it costs to leave early, and what you can take without a charge.

Surrender schedule · published contract options

A term-matched surrender schedule is not published for this rate row. Confirm the applicable contract schedule before purchase.

A market value adjustment may still raise or lower proceeds when it applies.

Penalty-free access

Withdrawal allowance10% · published tier; confirm timing and exceptions
Systematic withdrawalsAvailable
Surrender-charge waiversNursing home waiver · RMD waiver · Unemployment waiver
Bailout if renewal rate dropsNot available
Return of premiumDoes not apply
Death benefitStandard Death Benefit

Items marked “not published” remain questions for the issued contract; this page does not infer answers.

How to think about this contract

Editorial interpretation stays separate from the contract data above.

Where it stands out

  • A mandatory guaranteed lifetime withdrawal benefit publishes both a current scenario payout rate and an annual rider charge.
  • The contract presents one long fixed-rate guarantee period rather than requiring a choice among many rate-lock terms.
  • A free-withdrawal allowance is published together with activities-of-daily-living, nursing-home, required-minimum-distribution, and unemployment waivers.
  • Systematic withdrawals are available under the published contract facts.
  • The issuing carrier carries the highest A.M. Best rating shown in the current data.

What to confirm

  • The lifetime-income benefit is mandatory rather than optional, so its annual charge is part of evaluating the contract.
  • A market value adjustment applies to the selected contract data and can change surrender proceeds in addition to any surrender charge.
  • Return of premium is not published as an available feature, so an early exit can return less than the original deposit.
  • The published rate row begins at a higher deposit than the contract-level minimum; buyers below that rate band must confirm what rate, if any, applies.
Best fitIncome-focused buyers who want a contractually defined lifetime-withdrawal benefit and can remain committed through the surrender period.
Not ideal forBuyers seeking an optional rather than mandatory income rider, return-of-premium protection, unrestricted early access, or a shorter rate-lock term.

Contract facts

Everything the normalized public CANNEX contract reports. Gaps are labeled, not guessed.

Premium

$50,000 minimum

$3,000,000 maximum · Fund type: $50,000–$3,000,000

Issue ages

50–80 (annuitant and owner)

Joint contracts available.

Fund types

Non-qualified · Qualified

Continuation code S; confirm meaning in the contract.

Ownership

Corporation · Joint · Single · Trust

Annuitant: Joint · Single

Death benefit

Standard Death Benefit

Surrender charges and a market value adjustment may apply under contract terms.

Premium bonus

None published

A first-year interest rate is not a premium bonus.

Systematic withdrawals

Available

Minimum-withdrawal rule applies.

Bailout provision

Not available

Return of premium

Does not apply

Early surrender can return less than premium.

Free-look period

Available; length not published

Length can vary by state; confirm on delivery.

Annuitization

Joint life · Single life

Maximum annuitization age: 90 years

Fees and charges

Guaranteed Lifetime Withdrawal Benefit: 0.95% annual rider fee

Contract versions

0

Source

CANNEX via AdvisorWorld

Normalized facts observed Sep 7, 2026.

State availability

50 jurisdictions (excl. New York) in the current feed. The grid shows 50 U.S. jurisdictions; the feed also lists GU, PR, VI. The grid shows availability only; it does not apply one rate version to every jurisdiction. Outlined entries have their own named rate version when the feed identifies one.

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AvailableOwn rate versionNot available

Machine-readable citation contract

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