New York Life Clear Income Fixed Annuity FP Series
New York Life Clear Income Fixed Annuity FP Series Fidelity Please enter a valid email address Please enter a valid email address Important legal information about the email you will be sending. By using this service, you agree to input your real email address and only send it to people you know. It is a violation of law in some jurisdictions to falsely identify yourself in an email. All information you provide will be used by Fidelity solely for the purpose of sending the email on your behalf. The subject line of the email you send will be "Fidelity.com: " Your email has been sent.
Questions about an existing annuity?
This product is available in all states except New York.
Age at first withdrawal4 Lifetime withdrawal rate* Single life Joint life 59½–64 6.20% 5.75% 65–69 6.95% 6.70% 70–79 7.45% 7.20% 80+ 8.20% 7.95%
*The lifetime withdrawal rates are effective for contracts issued on or after November 7, 2022.
Learn more about how New York Life Clear Income could help you generate a retirement income stream you can't outlive. Learn more about how deferred income annuities can provide future guaranteed lifetime income.
Read this Fidelity Viewpoints article about how a mix of investments can help provide income and growth potential in retirement. h2 Get in touch Contact us to get help and answers. Open an annuity 800-596-4982 Questions about an
existing annuity? 800-634-9361 The New York Life Clear Income Fixed Annuity - FP Series should only be considered if you intend to receive payments under the Guaranteed Lifetime Withdrawal Benefit (GLWB) Rider. 1. As long as you do not withdraw your policy's Accumulation Value (including applicable Market Value Adjustment and surrender charges) before the income start date. All guarantees are dependent on the claims-paying ability of the issuer, New York Life Insurance and Annuity Corporation (NYLIAC), a Delaware corporation, a wholly owned subsidiary of New York Life Insurance Company. Rider fees apply. 2. Any withdrawal prior to age 59½ will reduce the GLWB amount. After age 59½, an early access withdrawal or any withdrawal (including applicable MVA and surrender charges) that exceeds your GLWB amount will reduce income guarantees. Withdrawals of taxable amounts from an annuity are subject to ordinary income tax, and, if taken before age 59½, may be subject to a 10% IRS penalty. 3. Withdrawal rates are banded and increase at certain ages. They stop increasing at age 80. The annual increase rate is applicable for a maximum of 10 years. 4. For joint accounts, the lifetime withdrawal benefit amount is available when the youngest annuitant turns age 59½. Fixed annuities available at Fidelity are issued by third-party insurance companies, which are not affiliated with any Fidelity Investments company. These products are distributed by Fidelity Insurance Agency, Inc., and, for certain products, Fidelity Brokerage Services, Member NYSE, "SIPC". A contract's financial guarantees are solely the responsibility of and are subject to the claims-paying ability of the issuing insurance company. This product is available in all states except New York. Product features may vary by state. Please refer to the contract for more complete product details New York Life Insurance and Annuity Corporation (A Delaware Corporation), a wholly owned subsidiary of New York Life Insurance Company, 51 Madison Avenue, New York, NY 10010. Available in jurisdictions where approved. State variations may apply and benefits may vary. In most jurisdictions, the policy form number for the New York Life Clear Income Fixed Annuity — FP Series is ICC14-P130; in some states it may be 214-P130, and state variations may apply. In most jurisdictions, the rider form number for the Guaranteed Lifetime Withdrawal Benefit Rider is ICC14-R102; in some states it may be 214-R102, and state variations may apply. The rider form number for the Living Needs Benefit/Unemployment Rider is ICC09-R100; in some states it may be 209-100, and state variations may apply. 762698.28.0
Already have a dedicated Fidelity advisor?
Call 800-345-1388
Have us contact you Important Information Virtual Assistant is Fidelity’s automated natural language search engine to help you find information on the Fidelity.com site. As with any search engine, we ask that you not input personal or account information. Information that you input is not stored or reviewed for any purpose other than to provide search results. Responses provided by the virtual assistant are to help you navigate Fidelity.com and, as with any Internet search engine, you should review the results carefully. Fidelity does not guarantee accuracy of results or suitability of information provided. Keep in mind that investing involves risk. The value of your investment will fluctuate over time, and you may gain or lose money.
Fidelity does not provide legal or tax advice, and the information provided is general in nature and should not be considered legal or tax advice. Consult an attorney, tax professional, or other advisor regarding your specific legal or tax situation.
Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917
796549.1.0
Mutual Funds and Mutual Fund Investing - Fidelity Investments
Clicking a link will open a new window.h1 New York Life Clear Income Fixed Annuity–FP Series
This annuity provides you, or you and your spouse, with guaranteed lifetime income while also giving you the flexibility to access your assets if your plans change.1,2h2 Get in touch
Open an annuity800-596-4982
Questions about an existing annuity?
800-634-9361
GoGuaranteed income
Avoid outliving your assets by guaranteeing a lifetime withdrawal benefit amount,1 beginning on a date you choose.Stability
The income you receive has no exposure to market fluctuations and provides a steady cash flow.Flexibility
Access2 your assets through your contract's Accumulation Value.Minimum investment
$50,000Rates of return
This product is available in all states except New York.
Key features
Predictable, guaranteed lifetime income, beginning when you're ready to start receiving a regular paycheck. Your future income amount is guaranteed to increase on each contract anniversary for the first 10 years or until your first lifetime withdrawal, whichever comes first.Guaranteed lifetime withdrawal rates
Annual withdrawal benefit is determined by your age and how long you've owned the contract—the longer you wait to take your lifetime withdrawal benefit amount, the higher your lifetime income will be.3Age at first withdrawal4 Lifetime withdrawal rate* Single life Joint life 59½–64 6.20% 5.75% 65–69 6.95% 6.70% 70–79 7.45% 7.20% 80+ 8.20% 7.95%
*The lifetime withdrawal rates are effective for contracts issued on or after November 7, 2022.
Calculating lifetime income for a 60-year-old couple
This example shows the potential lifetime income a 60-year-old couple could generate starting at different ages. The initial purchase amount of $100,000 at age 60, establishes the income base which is used to calculate the withdrawal benefit and has no cash value. The income base will increase by a guaranteed 5% on each contract anniversary for the first 10 years, or until lifetime income withdrawals begin, whichever comes first. Typically, the longer you wait to take income the higher the withdrawal rate will be. Since income is calculated by multiplying the income base by the withdrawal rate, the longer you defer, the higher your potential income may be. 5 year 10 year The hypothetical example is for illustrative purposes only. It is not intended to predict or project income amounts. Your income amounts may be higher or lower than that show here.Calculating lifetime income for a 60-year-old single person
This example shows the potential lifetime income a 60-year-old could generate starting at different ages. The initial purchase amount of $100,000 at age 60, establishes the income base which is used to calculate the withdrawal benefit and has no cash value. The income base will increase by a guaranteed 5% on each contract anniversary for the first 10 years, or until lifetime income withdrawals begin, whichever comes first. Typically, the longer you wait to take income, the higher the withdrawal rate will be. Since income is calculated by multiplying the income base by the withdrawal rate, the longer you defer, the higher your potential income may be. 5 year 10 year The hypothetical example is for illustrative purposes only. It is not intended to predict or project income amounts. Your income amounts may be higher or lower than that show here.More information
Learn more
These articles and videos explain some of the investment and retirement challenges that annuities may help you meet.Learn more about how New York Life Clear Income could help you generate a retirement income stream you can't outlive. Learn more about how deferred income annuities can provide future guaranteed lifetime income.
Read this Fidelity Viewpoints article about how a mix of investments can help provide income and growth potential in retirement. h2 Get in touch Contact us to get help and answers. Open an annuity 800-596-4982 Questions about an
existing annuity? 800-634-9361 The New York Life Clear Income Fixed Annuity - FP Series should only be considered if you intend to receive payments under the Guaranteed Lifetime Withdrawal Benefit (GLWB) Rider. 1. As long as you do not withdraw your policy's Accumulation Value (including applicable Market Value Adjustment and surrender charges) before the income start date. All guarantees are dependent on the claims-paying ability of the issuer, New York Life Insurance and Annuity Corporation (NYLIAC), a Delaware corporation, a wholly owned subsidiary of New York Life Insurance Company. Rider fees apply. 2. Any withdrawal prior to age 59½ will reduce the GLWB amount. After age 59½, an early access withdrawal or any withdrawal (including applicable MVA and surrender charges) that exceeds your GLWB amount will reduce income guarantees. Withdrawals of taxable amounts from an annuity are subject to ordinary income tax, and, if taken before age 59½, may be subject to a 10% IRS penalty. 3. Withdrawal rates are banded and increase at certain ages. They stop increasing at age 80. The annual increase rate is applicable for a maximum of 10 years. 4. For joint accounts, the lifetime withdrawal benefit amount is available when the youngest annuitant turns age 59½. Fixed annuities available at Fidelity are issued by third-party insurance companies, which are not affiliated with any Fidelity Investments company. These products are distributed by Fidelity Insurance Agency, Inc., and, for certain products, Fidelity Brokerage Services, Member NYSE, "SIPC". A contract's financial guarantees are solely the responsibility of and are subject to the claims-paying ability of the issuing insurance company. This product is available in all states except New York. Product features may vary by state. Please refer to the contract for more complete product details New York Life Insurance and Annuity Corporation (A Delaware Corporation), a wholly owned subsidiary of New York Life Insurance Company, 51 Madison Avenue, New York, NY 10010. Available in jurisdictions where approved. State variations may apply and benefits may vary. In most jurisdictions, the policy form number for the New York Life Clear Income Fixed Annuity — FP Series is ICC14-P130; in some states it may be 214-P130, and state variations may apply. In most jurisdictions, the rider form number for the Guaranteed Lifetime Withdrawal Benefit Rider is ICC14-R102; in some states it may be 214-R102, and state variations may apply. The rider form number for the Living Needs Benefit/Unemployment Rider is ICC09-R100; in some states it may be 209-100, and state variations may apply. 762698.28.0
Footer
Stay Connected
Tell us how you want to work with us
Already have a dedicated Fidelity advisor?
Call 800-345-1388
Have us contact you Important Information Virtual Assistant is Fidelity’s automated natural language search engine to help you find information on the Fidelity.com site. As with any search engine, we ask that you not input personal or account information. Information that you input is not stored or reviewed for any purpose other than to provide search results. Responses provided by the virtual assistant are to help you navigate Fidelity.com and, as with any Internet search engine, you should review the results carefully. Fidelity does not guarantee accuracy of results or suitability of information provided. Keep in mind that investing involves risk. The value of your investment will fluctuate over time, and you may gain or lose money.
Fidelity does not provide legal or tax advice, and the information provided is general in nature and should not be considered legal or tax advice. Consult an attorney, tax professional, or other advisor regarding your specific legal or tax situation.
Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917
796549.1.0