Index annuities in ny

Allianz Index Advantage New York offers you a combination of traditional variable options with two innovative index strategies. This may be a good choice if you are looking for a balance between a level of protection and growth potential in today's uncertain market environment. Here are some questions they can help answer:. Investing in an index variable annuity may be the answer for part of your overall retirement strategy. An index variable annuity offers a unique combination of features, including market participation through a variety of allocation options; tax-deferred growth opportunities; and optional protection benefits that can provide certain income and beneficiary guarantees for an additional cost.

Index Annuities

A fixed indexed annuity is designed to provide reliable monthly income that lasts for life. Fixed indexed annuities enable you to grow your retirement savings faster by deferring taxes until you take income, creating lifetime income, and providing for loved ones through a guaranteed death benefit.

Guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Pacific Life, its distributors, and respective representatives do not provide tax, accounting, or legal advice. Any taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor or attorney.

Annuity withdrawals and other distributions of taxable amounts, including death benefit payouts, will be subject to ordinary income tax. For nonqualified contracts, an additional 3. A withdrawal charge and a market value adjustment MVA also may apply.

Withdrawals will reduce the contract value and the value of the death benefits, and also may reduce the value of any optional benefits. Under current law, a nonqualified annuity that is owned by an individual is generally entitled to tax deferral.

IRAs and qualified plans—such as k s and b s—are already tax-deferred. These include lifetime income and death benefit options. Fixed indexed annuities are not securities and do not participate directly in the stock market or any index, so they are not investments. BlackRock, Inc. Pacific Life Insurance Company annuity products are not sponsored, endorsed, sold, or promoted by BlackRock. The indexes are not available for direct investment.

Product availability and features may vary by state. Each insurance company is solely responsible for the financial obligations accruing under the products it issues. Pacific Life is a product provider. It is not a fiduciary and therefore does not give advice or make recommendations regarding insurance or investment products. It can be difficult to think about or plan for such an event, and unfortunately, planning is often put off until it's too late.

Our managers seek to deliver consistent results with downside protection strategies to help shareholders meet their long-term financial goals. And so are we. Our clients trust the Power of Pacific to protect what matters most to them—their families, their businesses, their futures. Fixed Indexed Annuities A fixed indexed annuity is designed to provide reliable monthly income that lasts for life.

Optional Benefit An opportunity to enhance your fixed indexed annuity for additional cost. Forms For withdrawals, beneficiary changes, fund transfers, and more. Financial Calculators Make your life easier by using one of our tools. Fixed Indexed Annuity Products.

There are no products currently available in your state. Confidence in your future starts here Find a Financial Professional You want to reach your goals. A financial professional can help you get there. Enter ZIP code. Fixed indexed annuities are not available in New York.

Discover How To Get A Guaranteed Monthly Income Source From Annuities. The Allianz Index Advantage New York Variable Annuity offers a balance of performance potential and protection.

A fixed indexed annuity is designed to provide reliable monthly income that lasts for life. Fixed indexed annuities enable you to grow your retirement savings faster by deferring taxes until you take income, creating lifetime income, and providing for loved ones through a guaranteed death benefit. Guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company.

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Melanie Panush Lindert, a year-old elementary school dance teacher in Los Angeles, was sold one of these mind-numbingly complex products last year through her workplace retirement account. The same agent had sold her three other annuity contracts over the previous eight years, including another within her retirement savings plan — a so-called b — which is offered to employees of public schools, colleges, religious groups and nonprofits.

Fixed Index Annuities

I was hired by an employer to provide administrative services for a Retirement Plan or Group Benefits Plan. Click here to view our updated privacy policy. Lincoln MYGuarantee SM Plus fixed annuity is a single premium annuity that offers several features to help meet accumulation and income needs. If you have questions or for more information, please contact a financial professional. Withdrawals and surrenders may be subject to surrender charges.

New York Life raises the living benefit stakes — on a fixed annuity

Protecting savings in turbulent times. Creating lifetime income for a secure retirement. The key to achieving emotional and financial well-being in retirement is preparation. Use these resources to help make your retirement dreams a reality. CT, Monday - Friday. Annuities provide insurance against the risk of outliving your money after you retire. You get the potential to grow your savings and create guaranteed income for life. An Athene Financial Professional can help find the product that's right for you. With fixed indexed annuities, the interest rate on a portion of your premium is tied, in part, to a published stock market index, giving you the opportunity to benefit from market trends without owning stocks.

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To live life to its fullest you have to be financially prepared. And annuities can help. Imagine having the safety of principal with the opportunity to grow your money. You can have both with an index annuity—a product designed to give you the potential for growth without the risks of being invested in the stock market.

Individual Annuities

As retirement approaches, you may worry about how to protect yourself from outliving your savings. Annuities are long-term financial products that can help by locking in a guaranteed income stream and even potentially growing your money while adding a death benefit for loved ones. Some people opt to transfer accumulated k account money to an annuity. You can buy an annuity with guaranteed fixed interest rates or with market-based performance. Consider an annuity if you're looking for:. Here are some factors to consider when thinking about annuities:. Stability and lower risk. Some people prefer knowing that they will receive a fixed interest rate and that they are not taking risks with their retirement funds. New York Life offers annuities that guarantee your principal amount, so it never shrinks. Growth with higher risk. If you are interested in trying to grow your money, then you may want to consider annuities that move with the market, giving you an opportunity for higher growth. If you prefer not to put your money into the market, these types of annuities provide a steadier, more predictable growth approach to your savings. If you're looking for a way for your savings to potentially grow in the market and are willing to accept the risk that returns will fluctuate, including a possible loss of principal, this may be a good fit for you. Work with a financial professional to customize your annuity with these add-ons, which are also known as riders. If you are concerned about unexpectedly needing the policy value of your New York Life Fixed Deferred Annuity, you may want to consider the Living needs benefit.

And it might be a good competitor against a number of existing variable and indexed annuities. New York Life Insurance Co. The surrender schedule for the product spans seven years. That additional feature costs 75 basis points. The withdrawal rate is tiered and sits at 5. The life insurer has its eyes on the market for variable annuities with living benefits.