Carrier
New York Life secondary market annuities
New York Life is one of the largest mutual life insurance companies in the United States and has long issued structured settlement annuities. A stream backed by New York Life is an obligation of that mutual insurer, owned by its policyholders rather than outside shareholders.
New York Life Insurance Company · New York Life Insurance and Annuity Corporation (NYLIAC)
- Founded
- 1845
- Headquarters
- New York, New York
- Ownership
- Mutual (policyholder-owned)
What it means
Backed by New York Life
When a payment stream is backed by New York Life, the scheduled payments are that carrier's obligation. You are buying the right to receive those payments — transferred through a court-approved process — at a discount, not a new insurance contract, and the difference between what you pay and what you collect is your yield. Read more about the asset itself on our secondary market annuities guide.
Because the income depends on New York Life continuing to pay, the carrier's financial strength is your protection. These payment rights are not FDIC-insured and generally are not covered by a state guaranty association, so we place only top-rated carriers and show the current rating on every listing. Where a New York Life-backed stream sits against CDs, Treasuries, and new annuities is laid out on our comparison page.
The company
A brief history
In business since 1845, New York Life is the country's flagship mutual life insurer: it has no outside shareholders, which shapes a famously conservative approach to capital. It has issued structured settlement annuities for decades, typically through New York Life Insurance Company itself, with its affiliate NYLIAC often acting as the assignee in the qualified-assignment structure behind a settlement.
For an investor, a New York Life-backed stream means the scheduled payments are owed by one of the most consistently top-rated insurers in the United States. As with every carrier, the exact issuing entity and its current rating appear on the listing — review them there rather than relying on reputation alone.
Available now
Current New York Life-backed income options
NY Life
- Purchase price
- $106,984.36
- Total scheduled
- $503,475.80
- Payment window
- Mar 2043 – Feb 2063
NY Life
- Purchase price
- $22,075.14
- Total scheduled
- $25,000.00
- Payment window
- Jul 2029 – Jul 2029
Retail products, decoded
New York Life's annuity products
Independent guides to the annuities New York Life sells today — what each quoted number really means, from the official product terms.
A payout rate, framed at its maximum
Guaranteed Lifetime Income Annuity II
New York Life's flagship lifetime income annuity: a single premium becomes income for life, quoted as a payout rate that is not an interest rate.
A deferred payout rate — the longer the wait, the wilder the number
Guaranteed Future Income Annuity II
New York Life's deferred income annuity: pay now, income starts years later — with deferred payout rates that look eye-popping on long deferrals.
A guaranteed lifetime withdrawal rate — not a payout, not interest
Clear Income Advantage Fixed Annuity
A fixed deferred annuity with a built-in lifetime withdrawal rider — its headline number is a third kind of rate: a guaranteed lifetime withdrawal percentage.
An honest interest rate — effective annual yield, compounded daily
Secure Term Choice Fixed Annuity II
New York Life's MYGA with a return-of-premium benefit: the one product family whose quoted number is exactly what it looks like — an interest rate.
New York Life payment stream questions
Who actually pays a New York Life structured settlement stream?
Are New York Life secondary market annuities safe?
How do I buy a New York Life payment stream?
What yield do New York Life-backed streams pay?
Pacific Structured Assets, Inc. is an independent company. We are not affiliated with, endorsed by, sponsored by, or otherwise connected to any insurance company, annuity issuer, state lottery, or other payment obligor named on this website. Issuer and carrier names are used solely to identify the entity obligated to make the scheduled payments on a particular payment stream. All company names, trademarks, and service marks are the property of their respective owners; their appearance here is for identification purposes only and does not imply any partnership, agency, sponsorship, endorsement, or other business relationship. No issuer named on this website has reviewed, approved, or endorsed any of its content.
Pacific Structured Assets, Inc. does not provide tax, legal, financial or accounting advice. The material on this website has been prepared for informational purposes only and is not intended to provide, and should not be relied on for, tax, legal, financial or accounting advice. You should consult your own tax, legal, financial or accounting advisors before engaging in any transaction, including the acquisition of factored structured settlement payments. Pacific Structured Assets is not registered with the Securities and Exchange Commission and is not licensed to sell insurance in any state.
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