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Financial Ratings
About New York Life Insurance and Annuity Corporation (NYLIAC)
New York Life Insurance and Annuity Corporation (NYLIAC), founded in 1980 as a wholly owned subsidiary of New York Life Insurance Company, is the dedicated issuer of the group’s annuity products, including fixed annuities, variable annuities, and income annuities tailored to support retirement income and long-term savings goals. Headquartered in Delaware and backed by the strength and history of its parent—New York Life, established in 1845—NYLIAC operates with the objective of providing individuals with dependable retirement solutions that emphasize lifetime income, capital preservation, and financial security. The company’s mission is built on a policyholder-first approach, conservative financial management, and a commitment to long-term stability, reflecting New York Life’s broader legacy as one of the most trusted and financially secure mutual life insurers in the United States.
Financial Ratings
Live from CANNEXRating Agency
A.M. Best
Rating
A++
Description
Superior
Effective
May 19, 2025
Rating Agency
Fitch
Rating
AAA
Description
Exceptionally strong
Effective
May 19, 2025
Rating Agency
Moody's
Rating
Aa1
Description
Excellent
Effective
May 19, 2025
Rating Agency
Standard & Poor's
Rating
AA+
Description
Very strong
Effective
May 19, 2025
Rating Analysis
NYLIAC and its parent company consistently hold some of the highest ratings in the industry, reflecting exceptional financial strength and stability. An A++ from A.M. Best is the agency’s top financial strength grade, indicating a superior ability to meet ongoing obligations; AAA from Fitch confirms extremely strong financial security, prudent risk management, and resilience; Aa1 from Moody’s denotes very high quality with minimal credit risk, just one notch below their absolute highest rating; and AA+ from Standard & Poor’s also sits just below the top rating, highlighting very strong capacity to honor commitments with only slight vulnerability under extreme stress conditions.
New York Life Insurance and Annuity Corporation (NYLIAC) Products
Fixed Indexed Annuities
Explore New York Life Insurance and Annuity Corporation (NYLIAC) fixed indexed annuity products with current rates and features.
View Products→Multi-Year Guaranteed Annuities
Compare New York Life Insurance and Annuity Corporation (NYLIAC) MYGA products with guaranteed rates and terms.
View Products→Immediate Annuities (SPIA)
View New York Life Insurance and Annuity Corporation (NYLIAC) single premium immediate annuity options.
View Products→Deferred Income Annuities (DIA)
Explore New York Life Insurance and Annuity Corporation (NYLIAC) deferred income and QLAC products.
View Products→Free Comparison Report
Get New York Life Insurance and Annuity Corporation (NYLIAC)'s rate comparison report
See how New York Life Insurance and Annuity Corporation (NYLIAC)'s rates, ratings, and product features compare to other carriers — free PDF report.