NY Eagle Platinum with Interest Only

Founded six years after its parent company (American Equity Investment Life Insurance Company) in 2001 to serve the specific New York market, the American Equity Investment Life Insurance Company of New York is an annuity benefactor that specializes in ground-breaking retirement solutions. Selling a broad scope of annuities, such as fixed, fixed-indexed, and variable, the company seeks to find financial stability for its retiring clients. Being a subsidiary of the aforementioned larger company, it is licensed to operate only in the state of New York, tailoring its product offerings to the unique New York marketplace.

American Equity Investment Life Insurance Company of New York
15 customer reviews
NY Eagle Platinum with Interest Only-brochure NY Eagle Platinum with Interest Only-brochure

NY Eagle Platinum with Interest Only

Your Email

Ratings:

  • A.M. Best A-
  • Fitch A-
  • S&P A
  • Comdex 49

About Product

Premium Type
Single Premium
Fee withdrawal:
Interest only
Market Value Adjustment
Yes
Return Of Premium
No x
Minimum Contribution
$10,000
Maximum Contribution
$1,500,000
Min Age Qualified
18
Max Age Qualified
85
Types Of Funds
Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, 1035 Exchange, Inherited IRA, and NQ Stretch
Launch Date
11/21/2018

MYGA Interest Rates

Term
Rate
Annual percentage yield (APY)
earned over the investment term
5 years 1.8%
6 years 1.9%
7 years 1.95%
A Simple, safe money alternative whether your retirement is a far-off goal or soon-to-be reality. Innovative tax deferred annuities can help you maximize growth while preserving your hard-earned dollars.

Minimum
  • $10,000 (Excludes Inherited Beneficiary contracts)
  • $30,000 Inherited/Beneficiary IRAs
Maximum
  • $1,500,000 issue ages 18-69
  • $1,000,000 issue ages 70-74
  • $750,000 issue ages 75-80
  • $500,000 issue ages 81-85
Death Benefit
  • The death benefit of the contract prior to the maturity date is equal to the contract value.
Free withdrawal
Interest only. If you select the Interest Only Withdrawal Option you may take free withdrawals of any amount up to Interest Credited that year, beginning in the second Contract Year.

Riders

No Riders for NY Eagle Platinum with Interest Only annuity.

Waivers

Nursing Home

Included automatically at issue for all ages. A one-time withdrawal of up to 100% of the contract value is allowed if the owner is confined to a qualified nursing care facility for a minimum of 90 consecutive days, beginning after the first contract year. Written proof of confinement is required from the recommending qualified physician. Any payment made under this rider will not be subject to withdrawal charges, surrender charges, or MVAs.

Terminal Illness

Included automatically at issue for all ages. A one-time withdrawal of up to 100% of the contract value is allowed if the owner is diagnosed with a terminal illness. Diagnosis must occur after the first contract year and written proof is required from a qualified physician. Any payment made under this rider will not be subject to withdrawal charges, surrender charges, or MVAs.

Surrender Window

Within 30 calendar days after the end of the guarantee period, you can surrender the contract and receive the surrender value without incurring surrender charges.

You might also be interested in

James Alden Experienced Financial Advisor
25 years experience
3,712 career consultations
4 slots free for today
scheduling.
Your Name
Your Phone
Thank you for your trust! I have received your contact information. Please wait for a call within 30 minutes. 😌