IndexFlex 5 - FP Series

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).