NEW YORK, January 19, 2021 – New York Life announced today that it has expanded its comprehensive suite of retirement solutions. The company’s latest variable annuity, the New York Life IndexFlex Variable Annuity, issued by a subsidiary, New York Life Insurance and Annuity Corporation, offers variable investment, principal protected index-linked and fixed account options, combining the security of principal protection with flexibility and growth potential.
“As a leader in guaranteed income and principal protection solutions, we know that investors want their money to work for them through market disruption and volatility – as well as through growth and recovery – with solutions that are streamlined and transparent to create a retirement that feels secure,” said Dylan Huang, SVP, Head of Retail Annuities, Investment Solutions and Wealth Planning, New York Life. “As a company, we have a long history of rising to the occasion when few things seem certain and this perspective has continued to guide the development and expansion of our suite of principal protected products.”
New York Life is committed to helping people retire more securely. The launch of IndexFlex offers investors a new way to grow and protect assets in retirement:
- A streamlined design offers access to more than a dozen variable investment options from well-known money managers covering a range of investment strategies.
- Recognizable index-linked options that provide interest crediting transparency throughout the entire initial investment term.
- The ability to pivot strategies if needs or markets change, with seamless transitions between a traditional variable annuity growth strategy or an index-linked growth with protection strategy – a combination of features that is only available at New York Life.
“We know from past research that three out of four investors prefer a protection-focused portfolio over one that outperforms benchmarks” continued Huang. “IndexFlex joins New York Life’s expansive suite of retirement products at a time when investors are seeking to balance the peace of mind that can come with principal protection guarantees with the opportunity to capture market growth potential. IndexFlex offers both and we expect it will be well received by consumers and advisors alike.”
IndexFlex is now available through New York Life agents and a large network of national banks and broker-dealers.