How safe is a New York Life annuity?
Issuer Review: New York Life
Annuities are NOT guaranteed. They are only backed by the ability of the issuing insurance company's ability to pay. Therefore if the issuer goes bankrupt, you are at risk of losing everything! ... New York Life is rated A++ by A.M. Best, AAA by Fitch, AA+ by S&P, and Aaa by Moody's.
What are the current lifetime annuity rates?
The best MYGA rate is 3.2 percent for a 10-year surrender period, 3.25 percent for a seven-year surrender period, 3.05 percent for a five-year surrender period, and 2.60 percent for a three-year surrender period.
...
Best 6-Year Annuity Rates.
| Company |
Rate |
| Atlantic Coast Life |
3.17% |
| Oxford |
3.25% |
What is a guaranteed lifetime income annuity?
An annuity with a guaranteed lifetime income can be an important part of your retirement income plan, providing guaranteed 1 income for a specific period of time or the rest of your life.
What is New York Life annuity?
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 401(k) account money to an annuity.