Product guide
Clear Income Advantage Fixed Annuity
A Fixed deferred from New York Life · reviewed from official materials, July 2026
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.
The decoder
Reading the quote
A guaranteed lifetime withdrawal rate — not a payout, not interest
This product's displayed "rates" are neither SPIA payouts nor MYGA interest: they are the percentage of value you may withdraw each year for life under the built-in GLWB rider, locked at purchase and increased by deferral credits for each year you wait. Meanwhile the account value separately earns actual interest (guaranteed for the first seven years) and separately pays the rider's fee — 0.95% of the accumulation value annually, deducted quarterly. New York Life's own material says to buy it only if you intend to use the withdrawal benefit.
Structurally this is a fixed deferred annuity carrying a mandatory guaranteed-lifetime-withdrawal rider: the account earns a declared interest rate while the rider guarantees a withdrawal percentage for life, even if the account is eventually exhausted. Deferring income grows the locked withdrawal rate by annual credits — which is why the displayed figures rise with each year of waiting.
The fee math matters: 0.95% of accumulation value each year is deducted from the same account the interest is crediting into, so the net accumulation runs below the quoted crediting rate. Comparing this product's headline number to a SPIA payout or a MYGA rate is a category error — all three measure different things.
Key structural terms
- Minimum premium
- $50,000, single premium only
- Issue ages
- 50–80
- Rider fee
- 0.95% of accumulation value per year, deducted quarterly
- Surrender period
- 7 years, with a market value adjustment
- Free-withdrawal amount
- Greatest of the GLWB amount, 10% of account value, policy gain (≥$100k premium), or the RMD
- Income start
- Any time after age 59½; single or joint (spousal) life
Structural terms summarized from New York Life's official product materials as reviewed in July 2026. Terms vary by state and change over time — confirm every detail with the carrier or its representative before acting. Current rates are deliberately not printed here.
The comparison
Against a payment stream
A payment stream's estimated yield is fixed at purchase for the entire schedule — there is no renewal-rate risk because there is no renewal. The fixed deferred annuity answers with liquidity and guaranty cover. Which matters more depends on whether the money is savings or committed income capital.
The family mechanics are covered in our Fixed deferred decoder; what the secondary market pays right now is on the current estimated yields page. And because New York Life also stands behind payment streams we list, its role as an issuer is profiled on our New York Life carrier page.
Clear Income Advantage Fixed Annuity questions
Is the Clear Income Advantage rate the interest my money earns?
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 does not sell, distribute, or advise on Clear Income Advantage Fixed Annuity or any newly issued insurance product. This page is independent education for investors comparing income options.
Pacific Structured Assets
Want help reviewing available income options?
Join our email list for new inventory and special offers — including deals where we raise the estimated yield ahead of an upcoming hearing date. No account required, and our team is here to help you understand the options.