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Best Guaranteed Annuity Rates
2-Year
5.70%
3-Year
6.25%
5-Year
6.25%
7-Year
6.00%
10-Year
5.80%

IndexFlex 5 - FP Series

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Highlights

The New York Life IndexFlex Variable Annuity-FP Series is designed to help investors who are seeking to accumulate money for retirement. IndexFlex offers variable investment options in different asset classes and styles. Money invested in the Index-linked Account has the potential to earn an Index-linked Credit (interest) based on the performance of a well-known stock market index. In years when performance for the selected index is positive, the Index-linked Account will be credited with interest based on a crediting method you choose. In years of negative index performance, the Index-linked Account will not earn any interest, but the Index-linked Account Accumulation Value will never decrease. 
The amount of interest an investor can earn in the Index-linked Account depends on the Interest Crediting Method. There are two crediting method options, both of which have rates that are guaranteed to remain in effect for the policy term selected: 5, 6, or 7 years. These guarantees apply only to amounts invested in the Index-linked Account at time of policy application. 
A fixed account is also available (where approved). All guarantees, including those in the Fixed Account and the Index-linked Account, are backed by the claimspaying ability of New York Life Insurance and Annuity Corporation (NYLIAC). 
Available in states: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY
Type
Registered Index-Linked
Purpose Accumulation
Term
5 Years
Surrender schedule
8%8%7%6%5%
Free withdrawal
10%
Market value adjustment
Return of premium
Minimum contribution
$10,000
Maximum contribution
$3,000,000
Max Age Qualified
85
Types of funds
Non-Qualified, IRA, IRA Rollover, 401a, IRA Transfer, TSA 403b, SEP IRA, KEOGH, IRA-Roth, 1035 Exchange, and Inherited IRA
Brochure
Open brochure

Find out if the IndexFlex 5 - FP Series is the right product for you.

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Premium Notes

An Opportunity for Higher Rates
If you allocate 50% or more of your initial premium to variable investment options, to the Fixed Account, or to any combination thereof, your policy will qualify for Enhanced Crediting Rates each year that the account is eligible for Initial Term index-linked credits. If, as a result of transfers or withdrawals, your policy no longer qualifies for Enhanced Crediting Rates, Core Cap and Flat Rates will be used to calculate interest credits for the remainder of the Initial Term. 

Withdrawal Provisions

Free withdrawals
In each policy year during the surrender charge period, the client may withdraw up to 10% of the account value as of the last policy anniversary (10% of the premium payments if the withdrawal is made in the first policy year). Withdrawals in excess of that amount are subject to surrender charges 

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
2.95% Fixed
1-Year S&P 500 PTP Cap
Point to Point
Annual
7.25% Cap
1-Year Russell 2000 PTP Cap
Point to Point
Annual
7.7% Cap
1-Year Russell 2000 PTP Enhanced Cap
Point to Point
Annual
9.7% Cap
1-Year S&P 500 PTP Enhanced Cap
Point to Point
Annual
9.25% Cap
1-Year Russell 2000 Enhanced Performance Triggered
Performance Triggered
Annual
8.45% Performance triggered
1-Year S&P 500 Performance Triggered
Performance Triggered
Annual
6.45% Performance triggered
1-Year S&P 500 Enhanced Performance Triggered
Performance Triggered
Annual
7.95% Performance triggered
1-Year Russell 2000 Performance Triggered
Performance Triggered
Annual
6.95% Performance triggered
1-Year S&P 500 PTP Cap
Point to Point
Annual
7.6% Cap
1-Year Russell 2000 PTP Enhanced Cap
Point to Point
Annual
10.05% Cap
1-Year S&P 500 PTP Enhanced Cap
Point to Point
Annual
9.6% Cap
1-Year Russell 2000 PTP Cap
Point to Point
Annual
8.05% Cap
1-Year Russell 2000 Performance Triggered
Performance Triggered
Annual
7.3% Performance triggered
1-Year S&P 500 Performance Triggered
Performance Triggered
Annual
6.8% Performance triggered
1-Year S&P 500 Enhanced Performance Triggered
Performance Triggered
Annual
8.3% Performance triggered
1-Year Russell 2000 Enhanced Performance Triggered
Performance Triggered
Annual
8.8% Performance triggered
1-Year S&P 500 PTP Enhanced Cap
Point to Point
Annual
10% Cap
1-Year Russell 2000 PTP Cap
Point to Point
Annual
8.5% Cap
1-Year Russell 2000 PTP Enhanced Cap
Point to Point
Annual
10.5% Cap
1-Year S&P 500 PTP Cap
Point to Point
Annual
8% Cap
1-Year Russell 2000 Performance Triggered
Performance Triggered
Annual
7.75% Performance triggered
1-Year S&P 500 Performance Triggered
Performance Triggered
Annual
7.25% Performance triggered
1-Year S&P 500 Enhanced Performance Triggered
Performance Triggered
Annual
8.75% Performance triggered
1-Year Russell 2000 Enhanced Performance Triggered
Performance Triggered
Annual
9.25% Performance triggered

Surrender schedule

Year 1 2 3 4 5
Penalty 8% 8% 7% 6% 5%

Riders

No Riders for IndexFlex 5 - FP Series annuity.

Waivers

Nursing Home

Unavailable in states: CA

This rider provides for an increase in the amount that can be withdrawn from the policy without a surrender charge when certain qualifying events occur. With this rider you may be eligible to receive all or a portion of the Accumulation Value of your policy without paying a surrender charge if you provide satisfactory proof that a Qualifying Event (as defined below) has occurred. To receive the rider benefit, your policy must have been in force for at least one year and have an Accumulation Value of at least $5,000. The Qualifying Event must occur on or after the Policy Date. For the disability portion of the rider, any withdrawal after your 66th birthday will not be eligible for the rider benefit and surrender charges may apply. In addition, none of the benefits of this rider are available for policies where any Owner has attained age 86 on the Policy Date. If the Owner(s) is not a natural person, all restrictions and benefits of the rider are based on the Annuitant. Home Health Care acceptable. Health Care Facility: The Owner is enrolled and living in a Health Care Facility for 60 consecutive days. Health Care Facility means a state licensed/certified nursing home/assisted living facility. For the Disability portion of the rider, we may also require proof of continued disability as of the date of the withdrawal.

Terminal Illness

Unavailable in states: CA

This rider provides for an increase in the amount that can be withdrawn from the policy without a surrender charge when certain qualifying events occur. With this rider you may be eligible to receive all or a portion of the Accumulation Value of your policy without paying a surrender charge if you provide satisfactory proof that a Qualifying Event (as defined below) has occurred. To receive the rider benefit, your policy must have been in force for at least one year and have an Accumulation Value of at least $5,000. The Qualifying Event must occur on or after the Policy Date. For the disability portion of the rider, any withdrawal after your 66th birthday will not be eligible for the rider benefit and surrender charges may apply. In addition, none of the benefits of this rider are available for policies where any Owner has attained age 86 on the Policy Date. If the Owner(s) is not a natural person, all restrictions and benefits of the rider are based on the Annuitant. Terminal Illness: A determination by a licensed physician that the Owner has a life expectancy of 12 months or less.

Disability

Unavailable in states: CA

This rider provides for an increase in the amount that can be withdrawn from the policy without a surrender charge when certain qualifying events occur. With this rider you may be eligible to receive all or a portion of the Accumulation Value of your policy without paying a surrender charge if you provide satisfactory proof that a Qualifying Event (as defined below) has occurred. To receive the rider benefit, your policy must have been in force for at least one year and have an Accumulation Value of at least $5,000. The Qualifying Event must occur on or after the Policy Date. For the disability portion of the rider, any withdrawal after your 66th birthday will not be eligible for the rider benefit and surrender charges may apply. In addition, none of the benefits of this rider are available for policies where any Owner has attained age 86 on the Policy Date. If the Owner(s) is not a natural person, all restrictions and benefits of the rider are based on the Annuitant. Disability: determination by a licensed physician that the Owner has a disability that prevents them from performing any work for pay or profit for at least 12 consecutive months.

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