New York state Annuity Information

Annuities allow you to accumulate tax-deferred funds for retirement and then, if you desire, receive a guaranteed income payable for life or for a specified period of time: generally a term of five or ten years.


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Available Annuity types:

  • Variable annuity
  • Fixed annuity
  • Equity Index annuity

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Additional Information:

Annuities allow you to accumulate tax-deferred funds for retirement and then, if you desire, receive a guaranteed income payable for life or for a specified period of time. It is now common for people who reach retirement age to live 20 years or more in retirement, most of those years in good health. It’s good to live a long and full life, but you want to be sure that your income lasts as long as you do, and its purchasing power is as strong as you are. An important decision in purchasing an annuity is deciding how you want to be paid. You can select annuity payouts for a set period of time or continue for your lifetime. With some options, a beneficiary can be designated to receive payments upon your death.

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