In the competitive New York financial landscape, finding yield that outpaces inflation and traditional savings accounts can be a daunting task. However, PlanEasy has established itself as the premier destination for New York residents by offering the highest annuity rates currently available in the state.

Through an exclusive arrangement, PlanEasy provides access to the Prosperity / SBLI USA Select Choice (NY) 7, a product specifically designed for those who prioritize maximizing their guaranteed return. This high-yield version of the Select Choice 7 is a marketplace exclusive to PlanEasy; you will likely not find this specific product or these rates on any other third-party annuity platform online.

Why This Product is a New York Leader

The Prosperity / SBLI USA Select Choice (NY) 7 is built for the "set it and forget it" investor. By removing some of the liquidity features common in other annuities, this product is able to offer a significantly higher interest rate, making it one of the most powerful tax-deferred growth vehicles available in the Empire State.

Key Product Details

  • Ratings: Prosperity Life / SBLI USA Life Insurance Company, Inc. is a New York-based carrier with an A- (Excellent) rating from A.M. Best, providing peace of mind regarding the company’s financial strength.

  • Guaranteed Rates: This product offers industry-leading yields for New York:

    • 5.15% for premiums of $100,000+. Note: For a small 0.05% reduction in rate, you can get the 10% free withdrawal version of this product where you can withdraw 10% starting in year 2.

    • 4.60% for premiums of $5,000 – $99,999.

  • Term: The interest rate is locked in and guaranteed for 7 years, with a surrender charge schedule of the same length.

  • Free Withdrawals: To maximize the interest rate for the consumer, this version of the product does not include annual free withdrawals. All withdrawals during the 7-year term (outside of RMDs) will incur surrender charges.

  • RMDs: Despite the lack of general free withdrawals, Required Minimum Distributions (RMDs) can be taken out without penalty, making it an ideal fit for IRA and retirement account holders.

  • Age Eligibility: The product is available to a wide range of investors, with issue ages from 0 to 85 years old.

  • Minimum Premium: You can begin growing your wealth with a minimum contribution of $5,000.

  • Death Benefit: Included is a traditional death benefit that pays out the full accumulation value to your beneficiaries with no surrender charges.

  • Market Value Adjustment (MVA): An MVA applies to any withdrawals that incur surrender charges, which can adjust the payout based on current interest rate environments.

  • Waivers: This specific high-yield version does not include nursing home or terminal illness waivers, focusing instead on providing the maximum possible interest rate.

Maximizing Growth with PlanEasy

For New York investors, the choice is clear: if you are looking for the highest possible fixed return over a 7-year period and do not require immediate liquidity, the Prosperity / SBLI USA Select Choice (NY) 7 stands alone.

By offering this product exclusively, PlanEasy provides a unique opportunity to secure a 5.15% guaranteed return in a state where such yields are exceptionally rare. It serves as a robust alternative to bank CDs, offering higher rates and the added benefit of tax-deferred growth. For a small 0.05% reduction in rate, you can get the free 10% withdrawal version of this product.