IndexFlex 6 - 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).
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
|
Fixed Index
|
---|---|
Term
|
6 Years |
Surrender schedule
|
8%8%7%6%5%4% |
Free withdrawal
|
10% |
Market value adjustment
|
|
Return of premium
|
|
Minimum contribution
|
$10,000 |
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 6 - FP Series is the right product for you.
Allocation Accounts
Name | Type | Rates |
---|---|---|
1-Year Fixed Account |
Fixed
|
3%
Fixed
|
1-Year Russell 2000 PTP Cap |
Point to Point
Annual
|
8.15%
Cap
|
1-Year S&P 500 PTP Enhanced Cap |
Point to Point
Annual
|
9.65%
Cap
|
1-Year Russell 2000 PTP Enhanced Cap |
Point to Point
Annual
|
10.15%
Cap
|
1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
7.65%
Cap
|
1-Year S&P 500 Enhanced Performance Triggered |
Performance Triggered
Annual
|
8.25%
Performance triggered
|
1-Year Russell 2000 Enhanced Performance Triggered |
Performance Triggered
Annual
|
8.75%
Performance triggered
|
1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
6.75%
Performance triggered
|
1-Year Russell 2000 Performance Triggered |
Performance Triggered
Annual
|
7.25%
Performance triggered
|
1-Year Russell 2000 PTP Cap |
Point to Point
Annual
|
8.5%
Cap
|
1-Year S&P 500 PTP Enhanced Cap |
Point to Point
Annual
|
10%
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
|
7.6%
Performance triggered
|
1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
7.1%
Performance triggered
|
1-Year Russell 2000 Enhanced Performance Triggered |
Performance Triggered
Annual
|
9.1%
Performance triggered
|
1-Year S&P 500 Enhanced Performance Triggered |
Performance Triggered
Annual
|
8.6%
Performance triggered
|
1-Year Russell 2000 PTP Cap |
Point to Point
Annual
|
8.95%
Cap
|
1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
8.45%
Cap
|
1-Year Russell 2000 PTP Enhanced Cap |
Point to Point
Annual
|
10.95%
Cap
|
1-Year S&P 500 PTP Enhanced Cap |
Point to Point
Annual
|
10.45%
Cap
|
1-Year Russell 2000 Performance Triggered |
Performance Triggered
Annual
|
8.05%
Performance triggered
|
1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
7.55%
Performance triggered
|
1-Year Russell 2000 Enhanced Performance Triggered |
Performance Triggered
Annual
|
9.55%
Performance triggered
|
1-Year S&P 500 Enhanced Performance Triggered |
Performance Triggered
Annual
|
9.05%
Performance triggered
|
Surrender schedule
Year | 1 | 2 | 3 | 4 | 5 | 6 |
---|---|---|---|---|---|---|
Penalty | 8% | 8% | 7% | 6% | 5% | 4% |
Riders
No Riders for IndexFlex 6 - FP Series annuity.
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