New York Life Premium Plus Variable Annuity
| Introduction | |
|---|---|
| Type of Product | |
| Product Name | New York Life Premium Plus Variable Annuity |
| Offered by | New York Life |
| Company Info | New York Life Insurance Compan... read more |
| Contract and Purchasing | |
|---|---|
| Minimum Premium Payment | 5000 |
| Maximum Premium Payment | 1000000 |
| Minimum Additional Premium Payment | 2000 |
| Maximum Age at Start of Contract | 75 years |
| Investments | |
|---|---|
| Total Number of Investment Options | 42 [Find annuities with more investment options] |
| Fixed Account |
|---|
| Features and Benefits | |
|---|---|
| Free Withdrawals | Yes |
| Free Withdrawal Limit | 10 |
| Guaranteed Death Benefit | Available |
| Are Loans Allowed | Yes |
| Are Telephone Transactions Allowed | Yes |
| Fees and Expenses | |
|---|---|
| Maximum Total Fees and Expenses | 3.56% [Find annuities with lower fees and expenses] |
| Maximum Mortality and Expense Risk Charge "M&E Fee" | 1.6% [Find annuities with lower mortality and expense fees] |
| Administrative Fee | $30.00 [Find annuities with lower administrative fees] |
| Contract Maintenance Fee | 0% [Find annuities with lower contract maintenance fees] |
| Early Withdrawal Charges / Surrender Fees |
Year 1:
8.00% Year 2: 8.00% Year 3: 8.00% Year 4: 7.00% Year 5: 6.00% Year 6: 5.00% Year 7: 4.00% Year 8: 3.00% Year 9: 0.00% [Find annuities with lower surrender fees] |
| Minimum Investment Management Fee | 0.5% [Find annuities with lower investment management fees] |
| Maximum Investment Management Fee | 1.96% [Find annuities with lower investment management fees] |
| Sales Compensation | |
|---|---|
| Maximum Commissions | 6.25% [Find annuities with lower commissions] [Find annuities with higher commissions] |
| Contact Information | |
|---|---|
| Company Offering | New York Life |
| Company Type | Insurance Company |
| Phone Number | 800-598-2019 |
| Website | www.newyorklife.com |
| Talk to a Financial Advisor | |
|---|---|
| Contact Information | Request Access |
While efforts are made to keep information on this page accurate and updated, the information shown on this page may be variable or out of date. Always check the issuing company's website or other public data listings for the latest information applicable to you as actual information may vary.
