Group Annuities

NYLIM has two types of non-participating group annuity contracts designed to provide guaranteed fixed annuity benefits to retirees of qualified pension plans.

New York Life’s group annuity contracts consist of Single Premium Group Annuity Contracts and Terminal Funding Group Annuity Contracts.  These contracts are guaranteed by New York Life Insurance Company.  Founded more than 150 years ago, New York Life’s unwavering mission statement and strong beliefs are why we are The Company You Keep.

Financial Strength—New York Life Insurance Company, a Fortune 100 company, consistently has among the highest ratings for financial strength in the industry from the leading independent ratings agencies.

Experience You Can Count On—From our actuarial services team and their extensive knowledge of defined benefit plans to our Retiree Services team and their dedication to superior customer service, you can count on our more than 40 years of pension plan experience. 

Single Premium Group Annuity Contracts
The Single Premium product is a contract which consists of a group of immediate and/or deferred annuities purchased with a single contribution...(more)  

Terminal Funding Group Annuity Contracts
The Terminal Funding product is a contract in which annuity purchases can be made for individual participants under the contract on an as needed basis as they become eligible to commence retirement benefit payments...(more)