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.1,2

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Guaranteed income

Avoid outliving your assets by guaranteeing a lifetime withdrawal benefit amount,1 beginning on a date you choose.


The income you receive has no exposure to market fluctuations and provides a steady cash flow.


Access2 your assets through your contract's Accumulation Value.

Minimum investment


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 4.10% 3.70%
65–69 4.60% 4.20%
70–79 5.10% 4.70%
80+ 5.85% 5.45%

*The lifetime withdrawal rates are effective for contracts issued on or after August 23. 2021.

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.


Create future 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


Questions about an
existing annuity?