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New York Life also sells term life insurance, universal life insurance, variable universal life insurance, long-term care insurance, annuities and disability insurance. The company operates New York Life Direct, selling direct-to-consumer policies, and is the exclusive life insurance partner of the AARP .
Annuity contracts are protected against insurance company insolvency up to a specific dollar limit, often $100,000, but as high as $500,000 in New York , New Jersey , and the state of Washington . California is the only state that has a limit less than 100%; the limit is 80% up to $300,000. [7]
The monthly payout from a $100,000 annuity ranges, anywhere from $400 to $700, depending on multiple factors like the type of annuity, your age at the beginning of payouts and interest rates. What ...
3. Tax-deferred growth. Money inside an annuity grows tax-deferred. Gains on the amount of premium invested in the contract grow with no taxes due until the money is withdrawn, assuming the ...
Payout Examples for a $200,000 Annuity: A 65-year-old male choosing a life-only annuity could receive approximately $913 per month. A 75-year-old male with the same annuity type might receive...
US$674 billion (March 31, 2023) Parent. New York Life Insurance Company. Website. www .newyorklifeinvestments .com. New York Life Investments is a U.S. investment management company based in Jersey City, New Jersey. New York Life Investments is a service mark and trade name of New York Life Investment Management LLC. [1]
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