Secure Term Choice II
New York Life Insurance and Annuity Corporation (NYLIAC)
Best available rate
5.05%
7-yr guarantee · 7-yr surrender schedule · $100,000+ premium
Up to 5.05% depending on guarantee term and premium band.
View all rates and terms ↓10%
Free W/D
53
Jurisdictions
Rates as of September 4, 2026. CANNEX via AdvisorWorld; confirm rates and state availability before purchase.
Product analyzer
Run numbers for Secure Term Choice II
guaranteed rates, terms, state availability, surrender details, and contract facts stay scoped to this New York Life Insurance and Annuity Corporation (NYLIAC) product.
Live product data
Rates as of September 4, 2026, from AdvisorWorld and CANNEX.
5-year guaranteed rate
5% guaranteed for 5 years
A New York Life MYGA with several guarantee-period choices, premium-banded pricing, return of premium, and published liquidity waivers.
Best fit
Safety-first buyers who want to choose among several fixed guarantee periods, can remain within the withdrawal allowance, and will verify the premium band for their funding type.
Available guarantee terms
3, 4, 5, 6, and 7 years
AM Best
A++ Superior
Available surrender terms
3, 4, 5, 6, and 7 years
Free withdrawal
10%/yr
Availability
53 jurisdictions
Minimum premium
$5,000 non-qualified / $10,000 qualified
Product analyst notes
How to think about this contract
Why it can stand out
- The contract publishes multiple guarantee periods, allowing buyers to choose a rate-lock window that better matches a planned holding period.
- Return of premium is published for the selected contract data, providing a separate contract feature to weigh alongside the surrender schedule.
- A free-withdrawal allowance and nursing-home and terminal-illness waivers provide defined liquidity paths during the surrender period.
- Qualified and non-qualified money are accepted, with different published minimums by funding type.
What to confirm
- Published rates vary by term, premium band, and contract version; confirm the exact row tied to the planned deposit before purchase.
- The surrender commitment can extend through the selected guarantee term, so withdrawals beyond the allowance can face charges.
- The current rate rows do not publish the interest-crediting convention, so the page should not infer an ending value or effective yield.
- This is a fixed-rate accumulation contract, not a market-linked product or a guaranteed-lifetime-withdrawal rider.
Not ideal for
Buyers who need unrestricted principal access, market-linked upside, a premium bonus, or guaranteed lifetime withdrawals.
Free Comparison Report
Get a Secure Term Choice II rate report
See how Secure Term Choice II 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
CANNEX identifies each state, MVA, and liquidity-rider version below. Compound-equivalent annual rates are the primary comparison measure; the carrier's quoted simple-interest rate remains visible beneath each value.
| Contract version | Term | Surrender term | Rate effective | $5,000–$24,999Premium · comparable annual rate | $25,000–$49,999Premium · comparable annual rate | $50,000–$99,999Premium · comparable annual rate | $100,000+Premium · comparable annual rate |
|---|---|---|---|---|---|---|---|
| Most states · No MVA · No liquidity rider · Published version 1 | 3-Year | 3-Year schedule | Sep 7, 2026 | 4.3%Compound annual rate | 4.5%Compound annual rate | 4.7%Compound annual rate | 4.95%Compound annual rate |
| Most states · No MVA · No liquidity rider · Published version 1 | 4-Year | 4-Year schedule | Sep 7, 2026 | 4.3%Compound annual rate | 4.5%Compound annual rate | 4.7%Compound annual rate | 4.95%Compound annual rate |
| Most states · No MVA · No liquidity rider · Published version 1 | 5-Year | 5-Year schedule | Sep 7, 2026 | 4.35%Compound annual rate | 4.55%Compound annual rate | 4.75%Compound annual rate | 5%Compound annual rate |
| Most states · No MVA · No liquidity rider · Published version 1 | 6-Year | 6-Year schedule | Sep 7, 2026 | 4.35%Compound annual rate | 4.55%Compound annual rate | 4.75%Compound annual rate | 5%Compound annual rate |
| Most states · No MVA · No liquidity rider · Published version 1 | 7-Year | 7-Year schedule | Sep 7, 2026 | 4.4%Compound annual rate | 4.6%Compound annual rate | 4.8%Compound annual rate | 5.05%Compound annual rate |
| Most states · No MVA · No liquidity rider · Published version 2 | 3-Year | 3-Year schedule | Sep 7, 2026 | 4.15%Compound annual rate | 4.35%Compound annual rate | 4.55%Compound annual rate | 4.8%Compound annual rate |
| Most states · No MVA · No liquidity rider · Published version 2 | 4-Year | 4-Year schedule | Sep 7, 2026 | 4.15%Compound annual rate | 4.35%Compound annual rate | 4.55%Compound annual rate | 4.8%Compound annual rate |
| Most states · No MVA · No liquidity rider · Published version 2 | 5-Year | 5-Year schedule | Sep 7, 2026 | 4.2%Compound annual rate | 4.4%Compound annual rate | 4.6%Compound annual rate | 4.85%Compound annual rate |
| Most states · No MVA · No liquidity rider · Published version 2 | 6-Year | 6-Year schedule | Sep 7, 2026 | 4.2%Compound annual rate | 4.4%Compound annual rate | 4.6%Compound annual rate | 4.85%Compound annual rate |
| Most states · No MVA · No liquidity rider · Published version 2 | 7-Year | 7-Year schedule | Sep 7, 2026 | 4.25%Compound annual rate | 4.45%Compound annual rate | 4.65%Compound annual rate | 4.9%Compound annual rate |
| Most states · No MVA · No liquidity rider · Published version 3 | 3-Year | 3-Year schedule | Sep 7, 2026 | 4.05%Compound annual rate | 4.25%Compound annual rate | 4.45%Compound annual rate | 4.7%Compound annual rate |
| Most states · No MVA · No liquidity rider · Published version 3 | 4-Year | 4-Year schedule | Sep 7, 2026 | 4.05%Compound annual rate | 4.25%Compound annual rate | 4.45%Compound annual rate | 4.7%Compound annual rate |
| Most states · No MVA · No liquidity rider · Published version 3 | 5-Year | 5-Year schedule | Sep 7, 2026 | 4.1%Compound annual rate | 4.3%Compound annual rate | 4.5%Compound annual rate | 4.75%Compound annual rate |
| Most states · No MVA · No liquidity rider · Published version 3 | 6-Year | 6-Year schedule | Sep 7, 2026 | 4.1%Compound annual rate | 4.3%Compound annual rate | 4.5%Compound annual rate | 4.75%Compound annual rate |
| Most states · No MVA · No liquidity rider · Published version 3 | 7-Year | 7-Year schedule | Sep 7, 2026 | 4.15%Compound annual rate | 4.35%Compound annual rate | 4.55%Compound annual rate | 4.8%Compound annual rate |
Key Features
Free withdrawal
10%/yrAnnual amount that may be available without surrender charges, subject to contract terms.
Surrender waivers
2Nursing home waiver, Terminal illness waiver
Death benefit
Enhanced Beneficiary Benefit RiderBeneficiary value depends on contract terms, withdrawals, and rider elections.
Annuitization options
Joint life, Single lifePublished payout options from the normalized contract facts.
Fund types
Non-qualified, QualifiedAvailability can vary by state and product terms.
Surrender Schedule
3-Year Version
Yr 1
7%
Yr 2
7%
Yr 3
7%
After
0%
3-Year Version
Yr 1
7%
Yr 2
7%
Yr 3
7%
After
0%
3-Year Version
Yr 1
7%
Yr 2
7%
Yr 3
7%
After
0%
4-Year Version
Yr 1
7%
Yr 2
7%
Yr 3
7%
Yr 4
6%
After
0%
4-Year Version
Yr 1
7%
Yr 2
7%
Yr 3
7%
Yr 4
6%
After
0%
4-Year Version
Yr 1
7%
Yr 2
7%
Yr 3
7%
Yr 4
6%
After
0%
5-Year Version
Yr 1
7%
Yr 2
7%
Yr 3
7%
Yr 4
6%
Yr 5
5%
After
0%
5-Year Version
Yr 1
7%
Yr 2
7%
Yr 3
7%
Yr 4
6%
Yr 5
5%
After
0%
5-Year Version
Yr 1
7%
Yr 2
7%
Yr 3
7%
Yr 4
6%
Yr 5
5%
After
0%
6-Year Version
Yr 1
7%
Yr 2
7%
Yr 3
7%
Yr 4
6%
Yr 5
5%
Yr 6
4%
After
0%
6-Year Version
Yr 1
7%
Yr 2
7%
Yr 3
7%
Yr 4
6%
Yr 5
5%
Yr 6
4%
After
0%
6-Year Version
Yr 1
7%
Yr 2
7%
Yr 3
7%
Yr 4
6%
Yr 5
5%
Yr 6
4%
After
0%
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%
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%
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, Terminal illness waiver
Carrier Ratings
Free Comparison Report
Get a Secure Term Choice II rate report
See how Secure Term Choice II compares for your age, state, premium, and income goals alongside other New York Life Insurance and Annuity Corporation (NYLIAC) MYGA options.