New York Life AARP | Lifetime Income Program

Keep money on hand for emergencies.
Money committed to this AARP Lifetime Income Plan will be permanently locked into the contract, and your access to funds will be limited to the monthly payments you will receive for life. We recommend that you don’t use more than 50% of the assets you have set aside for retirement to purchase this plan, excluding your home. You should also keep at least $20,000 of savings on hand for emergencies.

Don’t borrow money to purchase an annuity.
The benefits of this plan may not exceed the interest you would be charged on a loan. Therefore, you should not borrow money to purchase this plan.

Before you move assets, consider potential disadvantages.
Your current investments may offer advantages not available with an AARP Lifetime Income Plan. Additionally, the institution currently holding your funds may assess surrender charges, penalties or fees when you move your funds. Consider these items carefully.

Remember that annuity income is subject to federal and state taxation.
Like all forms of income, your annuity payments will be subject to federal and (if applicable) state taxes. Our free information kit contains general information on how annuity income is taxed. If you require specific information regarding your individual situation, please speak with your tax adviser.



	Right For Me?



	Before you commit any of your funds to this plan, you should be sure the purchase is right for you. Review these guidelines and if you have any questions, please call an Annuity Specialist for assistance. Important Guidelines: Keep money on hand for emergencies. Money committed to this AARP Lifetime Income Plan will be permanently locked into the contract, and your access to funds will be limited to the monthly payments you will receive for life. We recommend that you don’t use more than 50% of the assets you have set aside for retirement to purchase this plan, excluding your home. You should also keep at least $20,000 of savings on hand for emergencies. Don’t borrow money to purchase an annuity. The benefits of this plan may not exceed the interest you would be charged on a loan. Therefore, you should not borrow money to purchase this plan. Before you move assets, consider potential disadvantages. Your current investments may offer advantages not available with an AARP Lifetime Income Plan. Additionally, the institution currently holding your funds may assess surrender charges, penalties or fees when you move your funds. Consider these items carefully. Remember that annuity income is subject to federal and state taxation. Like all forms of income, your annuity payments will be subject to federal and (if applicable) state taxes. Our free information kit contains general information on how annuity income is taxed. If you require specific information regarding your individual situation, please speak with your tax adviser.