RateProtector NY

The RateProtector NY is a fantastic fixed annuity product for those looking to maintain and grow their assets. It focuses on helping those nearing, or in retirement, achieve financial independence. The product offers guarantees such as principal preservation and tax deferral. This annuity also includes a death benefit and flexible withdrawal options to accommodate your financial needs.

One of the key highlights of the RateProtector NY is its resilience to volatile market cycles. It ensures not just the preservation of your original investment, but also guarantees a minimum interest rate. This implies that your contract value isn't affected by market downturns. This product is perfectly suited for those who value financial stability and growth.

RateProtector NY

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About Product

Premium Type

Single Premium

Fee withdrawal:

10%

Market Value Adjustment

Yes

Return Of Premium

Minimum Contribution

$10,000

Maximum Contribution

$1,000,000

Max Age Qualified

Types Of Funds

Non-Qualified, 401k, Profit Sharing, IRA, Pension, IRA Rollover, IRA Transfer, TSA 403b, SEP IRA, KEOGH, Inherited IRA, NQ Stretch, and TSP

Launch Date

06/24/2019

MYGA Interest Rates

Term	Rate Annual percentage yield (APY) earned over the investment term
3 years	4%
5 years	3.9%
7 years	3.9%

Jackson RateProtector is a single premium, multi-year guaranteed fixed annuity that ran provide:

Preservation of principal
Guaranteed interest rates: The product has a guaranteed interest rate that will not change during the 3, 5, or 7-year guaranteed option period and credited daily.
Tax-deferred interest accumulation
Preservation of your legacy

Jackson RateProtector is a long-terrn, tax-deferred vehicle designed for retirement. Earnings are taxable as ordinary income when distributed and may be subject to a 10% additional tax if withdrawn before age 59 1/2. Premium payments can be most effective if left in place for at least seven years or until retirement. Amounts withdrawn may be subject to withdrawal charges and market value adjustment, which may reduce your accumulated contract value. Guarantees are backed by the claims-paying ability of Jackson National Life Insurance Company of New York.

Jackson RateProtector is available for a single premium payment of $10,000 for nonqualified and qualified money. Premium may not exceed $1,000,000 without prior approval. Jackson RateProtector may be issued to individuals aged 0-85.

Use some of your money each year, free of withdrawal charges
Each contract year you may withdraw up to a specified percentage of the accumulated value of your fixed annuity without incurring a withdrawal charge or an excess interest adjustment/market value adjustment, if applicable.

Death Benefit will be the accumulated value

No Return of Premium feature.

Riders

No Riders for RateProtector NY annuity.

Waivers

Extended Care

After the first contract anniversary, if you (or a joint owner) are by medical necessity confined to a nursing home or hospital for 90 consecutive days, you may withdraw (one time only) up to 100% of the accumulated contract value without incurring a withdrawal charge. Home Health Care acceptable, it would require 24 hour in home care.

Company Founded: 1998

Excellent Rated Company

Jackson National Life Insurance Company of New York

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