New York Life's headline rates
| Product | Type | Term | Rate |
|---|---|---|---|
| Guaranteed Lifetime Income | SPIA — life only | Lifetime | $685/mo / $100k |
| Secure Term MVA 5 | MYGA | 5 years | 5.10% APY |
| Guaranteed Future Income (DIA) | DIA / QLAC | Deferred | Quote required |
Why NYL leads SPIA payouts
Two reasons: (1) New York Life's mortality experience and reinvestment yield assumptions allow slightly higher payouts than smaller carriers, and (2) buyers shopping a 30-year income stream prioritize carrier solvency over the absolute top payout. NYL benefits from both — it's both the highest-rated and a top payout in the same quote.
Where NYL is NOT the right pick
If you want raw accumulation yield from a MYGA, you'll usually do better with Athene, MassMutual Ascend, or F&G. NYL's MYGA exists to round out the lineup — it's not where they compete hardest.
Read the full New York Life review or browse all today's annuity rates.
Frequently asked questions
- What are New York Life's current annuity rates?
- New York Life's Guaranteed Lifetime Income SPIA currently pays approximately $685/mo per $100,000 for a life-only contract at age 65 — the highest payout in the SPIA category. MYGA rates on Secure Term MVA range from 4.75% to 5.25% depending on term.
- How is the NYL SPIA payout calculated?
- SPIA payouts are a function of your premium, age, gender, payout option (life only, period certain, joint life), and prevailing interest rates at the moment of issue. Once issued, the income amount is locked for life.
- Does New York Life offer a QLAC?
- Yes — Guaranteed Future Income can be structured as a QLAC inside a qualified retirement account, allowing up to $200,000 (2025 limit) to be excluded from required minimum distribution calculations until age 85.
- Minimum premium for a NYL annuity?
- SPIA minimum is typically $10,000. DIA minimum is $5,000. MYGA minimum is $10,000. Larger premium bands ($100,000 and $250,000+) increase MYGA APY by 10–25 basis points.
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