DO YOU TRUST SOCIAL SECURITY??? If you can honestly answer yes to this question, do not read on...

I will start off with a very brief definition of annuities in a general sense...Then I will give a very brief statement regarding NY Life, The Company You Keep!!!

Annuities are a tremendous vehicle to insure your golden years...An annuity is a product that can either be purchased with a single lump sum or in monthly or periodic installments...

Annuities are designed to supplement your retirement years, there are several options regarding payout...There is a lifetime option, and there are guaranteed period options with survivorship rights available...

Both CD's and deferred annuities are considered low-risk investments...CD's are generally issued by banks and are insured by the FDIC up to $100,000 per depositor... NY Life Deferred annuities, on the other hand are issued by New York Life and are backed by the financial strength of NY Life regardless of the amount...

Variable annuities are tied into to mutual fund type vehicles, while fixed annuities offer a guaranteed rate and a way to pinpoint your exact accumulation over time, thus giving you a estimate of monthly earnings available to you at time of annuitization...

Annuities are set up to begin payout at age 59 1/2 without penalties, however, the annuitization can be held to age 70...The growth of an annuity is enhanced by the tax-deferred status that is given...The compounding effect of tax-deferral is simply awesome when compared to a CD...For example, a 35 year old male who puts $25,000 into a fixed annuity, will have almost $77,000 accumulated by age 60 with no tax paid on the interest until payout begins...A CD pays taxable interest each year, thus it will not accumulate as quickly...A deferred annuity has a locked in interest rate for a period of 1 to 3 yrs, after that, interest rates may be adjusted periodically, generally each year... Because annuities are long-term vehicles, their interest rates tend to be higher than comparable CD's...Deferred annuities also offer an minimum interest rate, regardless of market conditions, the annuity will always pay at least the minimum guaranteed rate established at the time of purchase....

The payout or annuitization period is a duration which NY Life is contractually obligated to disburse the periodic annuity payments...The guaranteed periods can be for 5, 10, 15, 20 years of for an entire lifetime...On Joint and Survivor Annuities, the stream of payments is based on two lives...It is paid to either or both annuitants(the individual whose life is of primary importance in affecting the timing and amount of payout under the contract, i.e. the measuring of life) for as long as either one is living...

New York Life Insurance and Annuity Company is 155 years old this month(April)...They have more assets than the FDIC and you can rest assure that they will be there for you!!! The fixed annuity is currently paying 7% guaranteed for 3 yrs...NY Life has over 84 billion in assets, enough to pay every single claim at once and still have over $2 billion left over...NY LIFE has been around so long that they insured General George Custer...You can best determine financial stability by requesting the findings of independent companies such as Moody's, A.M. Best, Standard & poor's and Duff & Phelps... NY Life & NYLIAC are among the highest rated companies in the industry...

Duff & Phelps(AAA) and Standard & Poor's(AA+) attest to NY Life's claims paying abilities... Moody's(AA1) and A.M. Best(A++) speak to their financial strength... In fact, these ratings make NY Life & NYLIAC two of the top ten rated companies in the industry comprised of nearly 2,000 carriers...

If you have questions, go ahead and post a message or email me at yencha@wvadventures.net...I am licensed in WV & Ohio, but I can obtain a license for any state and answers are free for any state...

If you are serious about retirement planning or are currently in the market for an annuity, look at NY Life and all of their annuity products before you buy from another company...


For more detailed info on New York Life & New York Life & Annuity Co(NYLIAC)and our current rates go to www.newyorklife.com





















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