Retirement today can last 20 years or more. How about your retirement savings? The AARP Lifetime Income Program from New York Life Insurance and Annuity Corporation offers simple annuities that let you turn a portion of your savings into a guaranteed monthly income stream that will last no matter how long you live.

This annuity guarantees you will receive a steady stream of monthly income payments for life, no matter how long you live. It also guarantees that your income payment won’t change, regardless of the ups and downs of the financial markets.

With increasing life expectancies, most retirees may need to plan for longer retirements- possibly three decades or more.* So it’s sensible to have a plan in place that guarantees a steady monthly income stream for a retirement that could last 30 years or more.

You’ve saved money to supplement Social Security or other retirement income. But even with these supplemental savings, it may not be enough to last the rest of your life. If that’s a concern for you, a fixed immediate annuity provides a way to turn part of your savings into another guaranteed source of retirement income.

This annuity is designed for people who are about to retire, or
already have. Income payments start a month after your Annuity Certificate is issued. If you’re ready to turn part of your savings into a monthly check, you may be ready for a fixed immediate annuity.