Guaranteed* deferred income annuities.

You can secure consistent monthly income for the future through a New York Life deferred income annuity that will guarantee payments throughout your entire retirement.

Use your income and assets today to create income for the future. Deferred income annuities let you create a pension-like income stream that can begin as early as two years from the day you purchase your policy or as late as you wish. (This is in contrast to immediate annuities, which begin payments right away.) The steady periodic payouts provided by annuities can help purchasers maintain their lifestyle after they retire.

The longer you defer your payouts, the more guaranteed income you will generate when you do start taking payouts. With the consistent income your annuity will provide, you may not need to dip into your investments.

With deferred income annuities, you can choose when you begin to receive a regular income in retirement.

You deserve a secure future, whenever you decide to retire. Whether you want predictable payouts you can count on right away with an immediate annuity or prefer the opportunity to get even higher payouts down the road with a deferred income annuity, you have choices.

Grandmother and granddaughter dancing in kitchen

See which deferred income annuity product is right for you.

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

Future Mutual Income Annuities.

People who are seeking higher potential income down the road prefer this option. You’ll get steady guaranteed payouts, and you’ll also have the potential for additional income through non-guaranteed dividends.

Guaranteed Future Income Annuities.

People who want level and predictable income when they retire prefer this option. Enjoy knowing you have a guaranteed pension-like stream of income for the rest of your life.

Clear Income Fixed Annuities

Think about this option as providing a guaranteed and predictable income stream and giving you the flexibility to access some of your money if you need it. This is for people who are willing to get a little less income in exchange for some flexibility if life changes.

Protect your loved ones - now and into the future.

Tell us about yourself and we'll connect you with a financial professional in your area.

First Name*

Last Name*

Email*

Phone Number*

Address (street, apt, bldg., etc.)*

City*

State*

Zip Code*

Date of Birth*

This helps us understand your immediate needs.

Join our email list to stay in the know about the best ways to prepare for your future.

adobeVisitorId

referrerUrl

scid

tid

* = required

Deferred income annuities FAQs

A deferred income annuity is an insurance contract that generates income for retirement at a future date. In exchange for a one-time deposit or multiple deposits over your chosen waiting period, an annuity company provides steady income payments to you for life.

Typically, payments can start as soon as two years after the policy issue date.

A tax-deferred annuity (TDA) plan is a retirement savings vehicle that invests pretax dollars in a deferred annuity (with taxes not owed until the annuity owner starts receiving payouts). It is designed to complement your employer's base retirement plan. Sometimes, a TDA plan is also referred to as a voluntary savings plan, a supplemental plan, a tax-sheltered annuity (TSA), or simply a 403(b) plan. Contributions in a tax-qualified retirement plan already enjoy tax deferral; therefore, purchasing in a tax- deferred annuity, or fixed income annuity does not provide any additional tax deferral benefits.

The earnings in a fixed deferred annuity are tax deferred until the owner begins receiving income from the annuity. If pretax dollars are invested in a fixed deferred annuity, the payout will be taxed. If taxes have been paid on the money invested, the return of principal will not be taxed, but the earnings will be taxed. Withdrawals may be subject to regular income tax, and if made prior to age 59 ½, may be subject to a 10% IRS penalty. In addition, surrender charges may apply.

A fixed deferred annuity offers you a guaranteed interest rate, which you’ll earn over your chosen policy term. After your policy term ends, you’ll have full access to the account value. A fixed deferred annuity is designed to help you accumulate money for retirement, or to protect the funds you've already saved once you've reached retirement.

A fixed deferred annuity is not an investment, per se. A fixed deferred annuity provides a guaranteed return on your money, backed by the claims paying ability of the issuing insurance company. At the end of your policy term, assuming you have not made any withdrawals, your account value will be higher. For many individuals, this guaranteed, albeit modest, growth provides good value in helping retirement assets continue to grow (while keeping them safe from market volatility). For people looking for more significant growth of their retirement savings (and willing to accept the potential for loss), a fixed deferred annuity may not be the right choice.

Want to learn more about deferred income annuities?

A New York Life financial professional can help determine what’s right for you.

Connect

Learn more

It's always useful to learn a little more. Take a look at these helpful links.

All guarantees are backed by the claims-paying ability of the issuer.
The New York Life Clear Income Fixed Annuity is issued by New York Life Insurance and Annuity Corporation (NYLIAC), A Delaware Company, 51 Madison Avenue, New York, NY 10010. All guarantees are dependent on the claims-paying ability of NYLIAC. Available in jurisdictions where approved. Not available in New York. Policy form numbers are ICC14-P010 (book value) and ICC14-P120 (MVA). State variations may apply. SMRU 1798165.
Future Mutual Income Annuity is issued by New York Life Insurance Company, 51 Madison Avenue, New York, NY 10010. All guarantees are dependent on the claims-paying ability of the issuer. Available in jurisdictions where approved. The policy form number is 215-P200. State variations may apply.

David Rodeck and John Schmidt, “What Is a Deferred Annuity?” Forbes, February 4, 2021. Forbes.com

OUR STORY OUR STORY

WORK WITH US WORK WITH US

OUR SOCIAL IMPACT OUR SOCIAL IMPACT

ARTICLES & INSIGHTS ARTICLES & INSIGHTS

LEARN THE BASICS LEARN THE BASICS

PLANNING TOOLS PLANNING TOOLS

Guaranteed* deferred income annuities.

With deferred income annuities, you can choose when you begin to receive a regular income in retirement.

See which deferred income annuity product is right for you.

Protect your loved ones - now and into the future.

Deferred income annuities FAQs

Want to learn more about deferred income annuities?

Learn more

Accounts Accounts

New York Life New York Life

Expert Guidance Expert Guidance

WHO WE ARE WHO WE ARE

PREPARE FOR LIFE PREPARE FOR LIFE

WHAT WE OFFER WHAT WE OFFER

LEARN & COMPARE LEARN & COMPARE

FOR INSTITUTIONS FOR INSTITUTIONS

FOR DISTRIBUTORS FOR DISTRIBUTORS

INTERNATIONAL INTERNATIONAL

Log In

Guaranteed* deferred income annuities.

With deferred income annuities, you can choose when you begin to receive a regular income in retirement.

See which deferred income annuity product is right for you.

Protect your loved ones - now and into the future.

Deferred income annuities FAQs

Want to learn more about deferred income annuities?

Learn more

Featured Articles

Accounts Accounts

New York Life New York Life

Expert Guidance Expert Guidance

Connect with us

Sign up for New York Life emails

Sign up for New York Life emails

WHO WE ARE WHO WE ARE

PREPARE FOR LIFE PREPARE FOR LIFE

WHAT WE OFFER WHAT WE OFFER

LEARN & COMPARE LEARN & COMPARE

FOR INSTITUTIONS FOR INSTITUTIONS

FOR DISTRIBUTORS FOR DISTRIBUTORS

INTERNATIONAL INTERNATIONAL