New York Life Guaranteed Interest Account

All Program participants will have access to a new investment option through the investment menu at Fidelity, effective July 1, 2021. Read below to learn more about this new investment option:

The New York Life Guaranteed Interest Account (GIA)

• The New York Life GIA is a general account group annuity contract that seeks to provide a low-risk, stable investment option for participants.
• Contributions are directed to a broadly diversified fixed income portfolio within New York Life’s general account.
• The GIA offers participants competitive yields and limited volatility, with a guarantee of principal and accumulated interest.
• Participant balances are fully liquid including immediate lump sum withdrawals with no surrender charges or market value adjustments.
• New York Life Insurance Company holds the highest ratings for financial strength currently awarded to any U.S. life insurer from the four major ratings agencies.