Guaranteed 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
$50,000
Rates of return
Find rates for your state of residence
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.3
| Age at first withdrawal4 | Lifetime withdrawal rate* | |
|---|---|---|
| Single life | Joint life | |
| 59½–64 | 5.40% | 4.90% |
| 65–69 | 6.15% | 5.85% |
| 70–79 | 6.65% | 6.35% |
| 80+ | 7.40% | 7.10% |
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.
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.
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.
Retirement Income Planning (PDF)
Learn more about how New York Life Clear Income could help you generate a retirement income stream you can't outlive.
New York Life Clear Income Fixed Annuity—FP Series (6:25)
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.
Get in touch
Contact us to get help and answers.
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Open an annuity 800-596-4982 |
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