Annuities: Protect your future, diversify your savings, enjoy the good life.


  • A way to preserve your retirement savings and reduce the risk of outliving your assets
  • Tax-deferred growth potential for your money

As retirement approaches, you may worry about how to protect yourself from outliving your savings. Annuities are long-term financial products that can help by locking in a guaranteed income stream and even potentially growing your money while adding a death benefit for loved ones. Some people opt to transfer accumulated 401(k) account money to an annuity. You can buy an annuity with guaranteed fixed interest rates or with market-based performance. In either case, many annuities offer options to help protect your money from losing value, which means you’ll be more likely to maintain the lifestyle you’ve worked for.


Choosing the right annuity product is about finding your optimal balance of growth and security.

Here are some factors to consider when thinking about annuities:

Stability and lower risk.

Some people prefer knowing that they will receive a fixed interest rate and that they are not taking risks with their retirement funds. New York Life offers annuities that guarantee your principal amount, so it never shrinks.

Growth with higher risk.

If you are interested in trying to grow your money, then you may want to consider annuities that move with the market, giving you an opportunity for higher growth.

Let’s get started and take a look at what product is right for you.

Fixed deferred annuities

If you prefer not to put your money into the market, these types of annuities provide a steadier, more predictable growth approach to your savings.

Variable annuities

If you’re looking for a way for your savings to potentially grow in the market and are willing to accept the risk that returns will fluctuate, including a possible loss of principal, this may be a good fit for you.


Work with a financial professional to customize your annuity with these add-ons, which are also known as riders.

Protect your principal.

If you are buying a Variable Annuity, but would like to make sure you don’t lose money in the market, the purchase of an Accumulation benefit rider option will protect your money invested in the first policy year from poor market performance (adjusted for withdrawals). If your account value falls below your initial investment at the end of a holding period, we’ll make up the difference.

Access to your cash.

If you are concerned about unexpectedly needing the policy value of your Fixed Deferred Annuity, you may want to consider the Living needs benefit. It can help you with certain unexpected needs by enabling you to access cash from your policy without a withdrawal charge.

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