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Assured Edge Income Builder NY

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Premium Type
Single Premium with Additional
Min age Qualified
Max age Qualified
Minimum Contribution
Maximum Contribution
Market value adjustment
Return of premium
Free withdrawal
Launch date
Types of funds
Non-Qualified, 401k, IRA, IRA Rollover, IRA Transfer, TSA 403b, SEP IRA, KEOGH, IRA-Roth, 1035 Exchange, and TSP
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Assured Edge Income Builder is a tax-deferred fixed annuity that features a guaranteed lifetime withdrawal benefit (GLWB).

Minimum/Maximum Contributions
$25,000 Minimum initial premium for nonqualified annuities and tax-qualified annuities.
$150,000 Minimum single premium for non-natural entities. (See Ownership Section for details.)
$2,000,000 Maximum total premium amount without prior company approval. 

Eligible Premium Period
After the initial premium, subsequent premiums will be permitted in the first 75 days after contract issue (as a Lump Sum or Periodic Payments).

  • Single, joint; nonqualified, IRA, SEP IRA and Roth IRA 
  • Nonqualified purchases by non-natural entities require prior company approval.
Contractual Withdrawals
10% Penalty-Free Withdrawal Privilege
Beginning in the first year you may take multiple withdrawals ($250 minimum amount) totaling up to 10% of the contract value as of the previous anniversary, with no withdrawal charge or market value adjustment (MVA).

Other Penalty-Free Withdrawals
  • Systematic interest-only withdrawals ($100 minimum amount. Allowed 30 days after purchase.)
  • Withdrawals made to satisfy Required Minimum (RMDs) for amounts held within the contract
  • Withdrawals up to the GLIA if lifetime income payments have begun
Random Withdrawals 
$250 minimum amount ($2,000 minimum value to maintain contract)

Market Value Adjustment (MVA)
Withdrawals above the penalty-free withdrawal amount during the first five contract years may be increased or decreased by an MVA. The MVA is based on a formula designed to react to changes in interest rates at the time of a withdrawal. Generally, if interest rates have risen since the contract issue date, the MVA will decrease the amount you will receive, subject to certain limits. If interest rates have fallen, the MVA will increase the amount you will receive, up to a maximum percentage. 
An MVA will apply to: 
  • Withdrawals above the penalty-free withdrawal amount made during the first five years 
An MVA will not apply to:
  • Withdrawals less than or equal to the GLIA once lifetime income has been activated 
  • Penalty-Free withdrawal amounts
  • Death benefit 
  • Annuitization
  • Required Minimum Distributions (RMDs) from qualified contracts that apply to amounts held under the contract When applicable, withdrawals made under an early withdrawal waiver will receive an MVA increase, but will not be charged an MVA decrease. 
Note: TSP funds have to be rolled into an IRA.

Find out if the Assured Edge Income Builder NY is the right product for you.


MYGA Interest Rates

Annual percentage yield (APY)
earned over the investment term
7 years 3%


Name Inbuilt Fee
Assured Edge Income Builder NY No



Death Benefit available without withdrawal charge or MVA.

Terminal Illness

The owner must be initially diagnosed with a terminal illness after the contract date. Only one partial withdrawal or a full withdrawal is permitted.


Withdrawal charges and MVA will not apply to annuitized funds.

Extended Care

The owner must receive extended care for at least 90 consecutive days, beginning after the second contract year. The extended care may not have begun before the contract date.


The owner must be unable to perform at least two of six activities of daily living for at least 90 consecutive days, beginning after the first contract year.

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