New York Life Immediate Annuity

Annual income and payout rates2 for 100000 in Premium as of 71921 A New York Life Guaranteed Lifetime Income Annuity can give you more confidence to live a more fulfilling retirement by providing you with a guaranteed stream of income in exchange for a one-time premium payment.

New york life immediate annuity. Lifetime Mutual Income Annuity is issued by New York Life Insurance Company 51 Madison Avenue New York NY 10010. Income payment options can be single life only joint life only single life with cash refund joint life with cash refund. With an income annuity sometimes known as an immediate annuity you can receive a pension-like payout that helps you maintain the lifestyle youve earned.

The policy form number for the New York Lifetime Mutual Income Annuity is 214-P200. You can receive your guaranteed payments as soon as one month after youve finalized the paperwork. A SPIA is a contract between you and an insurance company designed for income purposes only.

All guarantees are based on the claims-paying ability of New York Life Insurance and Annuity. By positioning Immediate Annuities as guaranteed lifetime income New York Life has built itself a 14 billion per year business by 2009. New York Life offers several guaranteed income annuities to match your needs.

However to make Immediate Annuities a mainstream financial product for retirees New York Life must understand why many retirees are reluctant to buy them and many agents are reluctant to sell them. The annuity contract must be a fixed-rate deferred income annuity contract. Warning this computer system is private and may be accessed only by authorized users.

By positioning Immediate Annuities as guaranteed lifetime income New York Life has built itself a 14 billion per year business by 2009. By positioning Immediate Annuities as guaranteed lifetime income New York Life has built itself a 14 billion per year business by 2009. All guaratnees are dependent on the claims-paying ability of the issuer.

Learn more Learn more. Data and programs in this system are confidential and proprietary to the system owner and may not be accessed without authorization. New York Life requires that joint annuitants be spouses.