New York Life Annuity Review

About this carrier

New York Life Insurance and Annuity Corporation (NYLIAC) is a U.S. individual-annuity issuer domiciled in Delaware. In LIMRA’s Fourth Quarter 2025 Top 20 Annuity Sales Rankings, New York Life ranked #2 after Athene, with $30.61 billion in reported total individual-annuity sales for the period. 1

Rate observations

As of 2026-04-22 observation, New York Life’s Secure Term MVA II 5-year rate at the $100,000+ premium band was 4.60% per the carrier’s published rate sheet, effective 2026-04-27. 2 On the same sheet, as of 2026-04-22 observation, New York Life’s Secure Term Choice II 5-year rate at the $100,000+ premium band was 4.50%, effective 2026-04-27. 3 The carrier publishes a future-dated sheet — the sheet carries an effective date five days after the 2026-04-22 observation window — which is a fact about the sheet’s publication cadence rather than a prediction about the rates it lists.

Both rates sit on a premium band that the carrier caps at $1,499,999; NYL discloses that premium amounts of $1.5 million or more are handled outside the published band and require NYLIAC approval. 2

Corpus comparison

Of the three 5-year MYGA rates captured in the Phase 6 corpus, we observed Pacific Life’s Pacific Harbor published at the highest rate — 5.15% at the $200,000+ premium band, effective 2026-04-16 — as of 2026-04-22 observation. 4 New York Life’s two 5-year variants (4.60% MVA II and 4.50% Choice II, both at the $100,000+ premium band) sit below the Pacific Harbor row on the corpus’s ranked-by-published-rate axis; the two carriers’ premium bands differ, so the comparison is a published-rate comparison at each carrier’s respective disclosed band rather than a like-for-like premium-band comparison.

Product scope

This carrier review covers two New York Life Secure Term variants — MVA II and Choice II — both 5-year MYGAs with a market-value adjustment allowed per the product frontmatter, and both captured on the same carrier rate sheet as of 2026-04-22 observation. The linked Secure Term MYGA product review treats the MVA II and Choice II rate rows as the variants of that product family and carries its own independently numbered rate citations against the same rate sheet. Additional New York Life products are out of scope for wave-1 and are not represented in this review.

Ratings

A.M. Best, S&P, Moody’s, and Fitch financial-strength ratings are intentionally omitted from the carrier.ratings frontmatter until an editor confirms the current opinion from each rating agency’s primary release. The body prose does not restate any rating value that is not on a structured field.

Cited in this review

1. LIMRA, Fourth Quarter 2025 Top 20 Annuity Sales Rankings, accessed 2026-04-22. 1
2. New York Life Secure Term MVA II 5-year $100k+ rate — nylannuities.com, effective 2026-04-27, observed 2026-04-22. 2
3. New York Life Secure Term Choice II 5-year $100k+ rate — nylannuities.com, effective 2026-04-27, observed 2026-04-22. 3
4. Pacific Life Pacific Harbor 5-year $200k+ rate — ria.pacificlife.com (Pacific Life Advisory), effective 2026-04-16, observed 2026-04-22. 4