NY Eagle Platinum with Interest Only

NY Eagle Platinum with Interest Only from American Equity Investment Life of New York offers a safe and simple alternative to other retirement options. Ideal for those whose retirement is imminent or far in the future, it allows for tax-deferred annuity growth to maximize and preserve your savings. Plus, it delivers the stability desirable in retirement with its fixed interest guarantees.

This product provides great financial benefits and security, offering interest-only free withdrawal options starting from the second contract year. Impressively, it also increases liquidity if you're confined to a nursing home or diagnosed with a terminal illness. Plus, with American Equity's "A-" rating from A.M. Best, you can trust in their financial strength and reliability. Ready to retire on your terms? Choose NY Eagle Platinum.

NY Eagle Platinum with Interest Only

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About Product

Premium Type

Single Premium

Fee withdrawal:

Interest only

Market Value Adjustment

Yes

Return Of Premium

Minimum Contribution

$10,000

Maximum Contribution

$1,500,000

Min Age Qualified

Max Age Qualified

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.

Company Founded: 1995

Excellent Rated Company

American Equity Investment Life Insurance Company of New York

Company Ratings

4.7