WIXLIB

Redefine yourmeans inretirement.So you can do more of what matters.

More guaranteedincome to counton when you needit to count.It’s taking that second vacation instead of giving it asecond thought. It’s planning a room renovation withconfidence instead of planning it with doubt. It’s spendingmore time with your family instead of worrying about howmuch you’re spending. It’s redefining your means insteadof living within them.It’s having more guaranteed income in retirement insteadof just enough.You’ve worked hard and done all the right things to plan foryour retirement. Now keep a good thing going by addingmore guaranteed income to your monthly cash flow. You’llbe able to spend more confidently in retirement, knowingthat a portion of your income will always be guaranteed.

How can you do it?A guaranteed income annuity from New York Life can helpprovide the guaranteed income your retirement deserves.You receive a “pension-like” guaranteed income streamfor life.1 Simply put, it’s more income you can count on nomatter what.Your retirement, yourincome, your way.How guaranteed incomeannuities work.More guaranteed income in retirementmeans more opportunities to live thelifestyle you want—and only you knowwhat you want. That’s why a guaranteedincome annuity from New York Lifeoffers many ways to customize yourincome. So whether you’re headingtoward retirement or you’re alreadythere, you can expect:A guaranteed income annuity provides youwith a worry-free stream of guaranteedincome. You can purchase one beforeor after you retire. The money in yourannuity—which you invest as a lump sumor in a series of payments, dependingon the policy you choose—generatesa stream of income paid out to you forlife. The amount of income you receivedepends on several factors, including yourage, gender, premium amount, and yourchosen payout option. A guaranteed lifetime income streamthat starts when you need it to Fixed income payments that are notsubject to market ups and downs,backed by a company you know andtrust The ability to adjust your income tomeet current economic conditions Control over when you receiveyour money Additional features to access yourmoney if you need it Income covering the lives of one ortwo people Potential legacy options foryour beneficiaries1New York Life offers several guaranteedincome annuities to match your needs.Certain New York Life annuities payguaranteed income with the opportunityfor more through non-guaranteeddividends. Depending on the one youpurchase, you can begin receiving incomeimmediately or as far out as 40 years. Onceit starts, this income will last for your entirelife.It’s your money, so you have someadditional access to it as well. And youcan further maximize your guaranteedincome by adding additional featuresto your annuity. Ask your New YorkLife Agent for full information on all theguaranteed income annuities we offer. ll guarantees are dependent upon the claims-paying ability of the issuers, New York Life InsuranceACompany (NYLIC) and New York Life Insurance and Annuity Corporation (NYLIAC) (a DelawareCorporation), a wholly owned subsidiary of NYLIC. All contract and rider guarantees, including optionsbenefits and any fixed subaccount crediting rates or annuity payout rates, are backed by the claimspaying ability of the respective insurance company.

Don’t just lookforward to a longretirement. Expect it.Most people underestimate how long they’re goingto live. This means they also misjudge how long theirmoney will need to last. Chances are, a long retirementis in your future. How long? Here’s some data on thelikelihood of a current 65-year-old living 10, 20, and 30more years.By the way, a guaranteed income annuity lasts for yourentire life. No matter what the data says.The likelihood that a 65-year-old lives to be.758595MaleFemaleOne memberof a 2%yearsold20.1%28.5%42.9%Source: 2012 IAR Mortality Table

Nine reasons toconsider guaranteedincome annuities.1. They last alifetime.3. You can keep upwith inflation.Receive income foryour entire life.Use optional features to helpmaintain your purchasing power.Did you know that most peopleunderestimate how long they aregoing to live? Over half of pre-retireesestimate life expectancy to be belowthe national average.2 Chances are, along retirement is in your future.Over the past few decades, rising pricesfor gas, groceries, and education serveas clear examples of inflation’s impacton our lives. Conveniently, guaranteedincome annuities offer optional featuresto help protect your income from theeffects of inflation, allowing you to keepup with current economic environmentsthroughout your retirement.So let’s plan accordingly. The incomefrom a guaranteed income annuityensures that no matter how long yourretirement is, you will be covered. Andsince you cannot predict how long yourretirement will be, let New York Lifeeliminate the guesswork.2. They aredependable.Enjoy guaranteed income that’snot tied to market fluctuations.A lot of folks withdraw money from theirinvestments to help pay for retirement.But stock market losses can have asignificant impact on this strategy.Think about it: withdrawing moneyfrom a declining investment can quicklyshorten the timeline for how long itwill last.4. They’re perfectfor rollovers.Turn existing retirementplan assets into guaranteedincome for life.Do you have money sitting in a 401(k)from a previous employer? Are youtrying to figure out what to do with yourIRA, 403(b), or employer-sponsoredretirement plan? Rolling some, or all, ofthose assets into a guaranteed incomeannuity is an easy way to turn thatmoney into exactly what it was intendedfor—a steady stream of income you cancount on for the rest of your life. 3By adding a guaranteed income annuityto your overall portfolio, you can removesome of this risk and unpredictability.That’s because the income you receiveisn’t tied to the stock market and youcan count on it for the rest of your life.“How Long Do We Expect to Live? A Review of the Evidence.” Journal of Population Aging, September 2011.Please see the back of this brochure for important information about rollovers.2 3

5. They are designedjust for you.When do you need your income?Income NowStart receiving your incomeimmediately or within the next year.Income LaterDefer your income until a later date. Bydoing so, you can benefit from higherpayout rates and make smaller premiumcontributions over time, as opposed toone larger lump sum.How often would you like toreceive your income?Choose the frequencyof your income payments: Monthly Quarterly Semiannually AnnuallyDo you foresee your incomeneeds changing?A New York Life guaranteed incomeannuity is not one-size-fits-all. Thereis a wide range of options availablethat can help you meet future needs.Ask your Agent for a fact sheet for fullinformation on all the products andoptions available to you.6. They can coveryour loved ones, too.Share your income throughjoint ownership.If you want your income to also cover aloved one in retirement—like a spouseor a grandchild—you can purchase ajoint-life guaranteed income annuity.By doing so, you’ll ensure that incomewill be paid to both of you throughoutyour lifetimes.7. You may getmore income thanyou would fromalternatives.Create higher income amountsthan other types of strategies.Each income payment you receivefrom a guaranteed income annuity iscomprised of three things:1. A return of your premium(the money you put into it)2. Interest (the money we earn byinvesting your premium), and3. A component from risk pooling(something only an insurancecompany can provide).The third component is why otherstrategies will likely yield lower incomeamounts. Only insurance companies—like New York Life—can leverage riskpooling to help provide more income.For some income annuities, incomepayments can be increased bydividends, which can be used topurchase additional income or cash.Dividends are not guaranteed.8. They helpsimplify planning.Meet Required MinimumDistribution rules automatically.Required Minimum Distributions (RMDs)are amounts of money the IRS requiresyou to withdraw from your tax-qualifiedretirement plans after you reachage 70½. These distributions can beconfusing and bothersome to calculate,and the IRS can charge you significantpenalties if you fail to take them.If you’re taking RMDs on qualifiedretirement plans now—or will needto eventually—you may want toconsider rolling those assets into aguaranteed income annuity. By doingso, the income you receive from theseassets (after the first year of purchase)should automatically satisfy your RMDrequirements. Other qualified assetsoutside the annuity will still have an RMDrequirement to satisfy annually, butthese assets won’t.Recent regulations from the U.S.Treasury Department now allowpolicyowners the ability to deferthe RMD beyond age 701/2 (to amaximum age of 85) if they purchase aQualifying Longevity Annuity Contract(QLAC). New York Life now offersthe opportunity for the policyownerto designate some products asQLACs, meaning you can delay takingwithdrawals to optimize your retirementsavings and better meet your futurefinancial goals.9. Your money canbe passed to yourheirs.Leave a legacy to thosewho mean the most.A common misconception aboutannuities is that the insurance companykeeps your money when you die. Intruth, a guaranteed income annuityallows your income to pass directly toyour beneficiaries upon your death.Payout options vary, and can be usedto maximize your income or create alegacy. If an option with a death benefitis chosen, the benefit can be deliveredin a lump sum or in installments, andtypically allows your loved ones tobypass the lengthy and costly probateprocess. Of course, death benefits arecontingent on the payout option youchoose and the amount of income youreceive over the life of the policy.

Enjoy morewith lessworry.

What’s a safe amount to withdrawfrom your investments each year?The information below shows how long a growing 500,000investment will last at different withdrawal rates. These timeframes are shorter for a declining investment. Having moreguaranteed income can help optimize your overall portfolio,taking pressure off withdrawals when you need to makethem. And when you do take money out, you can do it moreconfidently, with less worry, knowing that you have moreguaranteed income to count on in retirement.A yearlywithdrawalrate of. will last5%6%7%8%9%32 years24 years19 years16 years14 yearsThis hypothetical illustration is not specific to the performance of any product and assumes ahypothetical annual return of 6.1%. Taxes, fees, and expenses were not factored into this example.Annual withdrawals adjusted by 3% inflation. Past performance is no guarantee of future results.