Income for life, no matter how long you live.

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AARP Lifetime Income Plan from New York Life Insurance and Annuity Corporation
Here's how it works:

What You Should Know

A fixed immediate income annuity starts paying you right away.
When you purchase an immediate fixed income annuity, you begin receiving your income checks the very next month. These checks will keep arriving every month, for as long as you live – even if that means you end up receiving thousands more than you initially put in.
You’ll never have to worry about your payments running out.
A fixed immediate annuity is a guaranteed source of income that you can't outlive, similar to a pension. Your monthly income amount is set when you purchase the annuity and will never decrease. It's truly income you can count on.
You’ll never get less than you put in – and you could get more.
This group annuity offers a cash refund option to ensure what you put in will be paid out to you while you’re living, or to a beneficiary should you pass away. And because your payments never stop, if you live a long life, you could potentially receive thousands more than you put in.
You can use funds from your retirement savings plans.
You can purchase this annuity with many types of assets, from savings or CDs to funds from an IRA, 401(k), 403(b), 457(b) or other retirement savings plans. Not only will your nest egg be protected from market risks, it can also make managing your savings easier.
This annuity was developed just for AARP members like you.
New York Life developed the only AARP-endorsed annuity program for their members. Not an AARP member yet? It’s easy and affordable to join.

If you have questions, New York Life is here to help.

1-800-313-6841

Monday - Friday: 8 a.m. to 6 p.m., Saturday: 9 a.m. to 5 p.m.

New York Life sets the standard with the highest possible ratings.4

Which is why we’re also the #1 provider of income annuities.*

A++

"Superior"

from A.M. Best

AAA

"Exceptionally Strong"

from Fitch

AA+

"Very Strong"

from Standard & Poor's

Aaa

"Exceptional"

from Moody's Investors Service