In the event of your death prior to annuitization, your beneficiaries will receive your policy’s full accumulation value. 7
Death benefit 6
• Living Needs Benefit/Unemployment Rider 8 • Home Health Care Rider 8 • Automated withdrawals • Automated required minimum distributions (RMDs) • Loans on tax-sheltered annuity (TSA) policies (available after the first policy year) • Interest Opportunity Rider • Enhanced Beneficiary Benefit Rider Please ask your agent for the fixed deferred annuity riders fact sheets for more information on available riders. NYLIAC holds the highest ratings for financial strength currently awarded to any life insurer by all four major independent rating agencies: 9 A.M. Best: A++; Fitch: AAA; Standard & Poor’s: AA+; Moody’s Investors Service: Aaa. 6 Death benefit payments are dependent upon the claims-paying ability of NYLIAC. Under joint ownership, “surviving spouse” should be designated as the sole primary beneficiary prior to the annuitization date, or the contract will end and any death proceeds will pay out to the named beneficiary at the death of either owner. 7 Certain policies permit loans. If there is an outstanding loan balance, it is deducted from the accumulation value upon full surrender of the policy and at death. 8 Each rider may not be available in all jurisdictions. Some states may offer a rider under a different name, and benefits may vary. The Enhanced Beneficiary Benefit (EBB) Rider is not available on traditional IRA, Roth IRA, inherited IRA, SIMPLE IRA, or SEP IRA policies. Spousal continuance of the EBB through the use of the Enhanced Spousal Continuance (ESC) Products available in jurisdictions where approved. State variations may apply. In most jurisdictions, the policy form number for the New York Life Secure Term Choice Fixed Annuity is ICC11-P113; in some states it may be 211-P113, and state variations may apply. In most jurisdictions, the rider form number for the Living Needs Benefit/Unemployment Rider is ICC09-R100; in some states it may be 209-100. For the Interest Opportunity Rider, the rider form number is ICC15-R100; in some states it may be 215-R100. In most jurisdictions, the rider form number for the Enhanced Beneficiary Benefit Rider is 201-306 and for the Enhanced Spousal Continuance Rider it is 201-305; and for the Home Health Care Rider it is ICC10-R101; in some states it may be 210-R101. Rider is only available on nonqualified policies. 9 Third-Party Rating Reports as of 08/11/16.
Additional features and benefits
Optional riders available for purchase 8
Financial strength
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