Innovative VA Path To Fulfilling Retirement
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New York Life’s Innovative Solution Meets Pre-Retiree Need for Guaranteed Income and the Pursuit of More
Baby Boomers historically have invested in the market to accumulate assets for retirement and have become accustomed to benefiting from gains when markets perform well. As they plan for income in retirement, many hope that the market will continue to enhance their lifestyles. In fact, a recent
“Income Plus offers a compelling way to pursue income and potential market growth during retirement,” said
The New York Life Income Plus Variable Annuity is a long-term investment that provides consumers the opportunity for tax-deferred savings, a variety of investment options to pursue market growth, access to their savings, and future protection for loved ones through a death benefit.* The optional Guaranteed Future Income Benefit Rider provides a minimum level of guaranteed lifetime income payments, which can be increased if markets perform well. This rider is available for an annual cost and can only be purchased with a single premium amount at the time of application. With the guaranteed income floor established by this rider, policyholders receive essential protection against market declines and income payments that will neverdecrease due to negative market performance. These payments begin on a date of the client’s choosing. Income Plus also comes with a free Income Benefit Rider that allows clients to use their money in the annuity to purchase guaranteed lifetime income streams that begin when they want them to, but doesn’t provide the minimum level of guarantee at purchase.
Details from the Ipsos survey revealed additional insights into what consumers who pursue growth during retirement might do if their investments perform well. After covering basic expenses, a majority (55%) say that they would like to travel more and a quarter (26%) hope to enjoy more leisure activities or a club membership. One in eight (13%) would like to be able to make gifts to family members or leave money to their heirs.
All guarantees, including death benefit payments, are dependent on the claims-paying ability of
Investors should consider the investment objectives, risks, charges and expenses of the investment carefully before investing.The product and fund prospectuses contain this and other information about the product and underlying investment options.Investors should read the prospectuses carefully before investing.To obtain a copy of the product and fund prospectuses, call 1-800-598-2019.
* There are fees and expenses associated with this contract.
**Based on revenue as reported by “Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual),” Fortune magazine,
***Source: Third Party Ratings Reports as of 6/22/12.
****New York Life Investments is a service mark used by
The New York Life Income Plus Variable Annuity is issued by
In most jurisdictions, the New York Life Income Plus Variable Annuity policy form number is ICC11-P105. The IB Rider form number is ICC11-R109 and the GFIB Rider form number is ICC11-R108.
These are some of the findings of an Ipsos poll conducted spring 2012.For the survey, a national sample of 1,141 adults aged 45 and older and who are not retired from Ipsos’ U.S. online panel were interviewed online. Weighting was then employed to balance demographics and ensure that the sample's composition reflects that of the U.S. adult population according to Census data and to provide results intended to approximate the sample universe. A survey with an unweighted probability sample of 1,141 and a 100% response rate would have an estimated margin of error of +/- 2.9 percentage points 19 times out of 20 of what the results would have been had the entire adult population of adults aged 45 and older who are not retired in <location idsrc="xmltag.org" value="LC/us">the United States been polled.All sample surveys and polls may be subject to other sources of error, including, but not limited to coverage error, and measurement error.
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