United States Life of New York

7 Year Term
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company Information

Company Name

United States Life of New York

product Name
American Pathway 7 GROP
United States Life Insurance Company of New York is part of American International Group (AIG). US Life is the company responsible for issuing polices to individuals residing in the state of New York. The Company issues life insurance policies, as well as offers fixed annuity and variable annuity contracts.
am best rating
A Excellent (3rd of 13 ratings)
Product Type
Product description

Fixed annuities are for conservative investors who want safety, security, and guarantees.

You will preserve your principal and earn a fixed rate of return.

You might hear fixed annuities also called CD-like annuities or multiple-year guarantee annuities (MYGA's).

If you are sensitive to loss and don't want to lose a penny, a fixed annuity might be a good fit for some of your savings.

Read our educational articles on fixed annuities to learn more.

Guaranteed Rate Lock Period:

The rate is locked for 45 days from the date of application. If the funds are received after that period the rate might be subject to change and will be the rate in effect at that time.

7 yrs
minimum investment
$ 5,000
maximum investment
$ 1,000,000
maximum age
withdrawal allowance
During the first contract year you can only withdraw credited interest only. After the first contract year, there is an opportunity each year to withdraw up to 15% of the contract value penalty-free.

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*Please provide an investment amount before applying.

Guaranteed Returns

Choose an investment amount and we’ll show you how much you can earn.

Should be at least $5,000
The maximum investment is $1,000,000
The field is required.
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63.00%$ ?$ ?$ ?
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Enter an investment amount to calculate your earnings and account balance over the life of the contract.

Surrender Charge Schedule

Surrender charges are a penalty charged to early withdrawals of annuity contract. They are a percentage of the withdrawal amount, decrease over time, and go to zero when the term ends.

percentage charged to withdrawal

market-value adjustment (MVA)

A market value adjustment is basically an additional charge or credit for taking money out early from an annuity.

They allow companies to pay a higher rate and make longer-term investments.

MVAs only affect you if you withdraw funds early. If you own the contract to maturity, they do not apply.

other Information

moody’s ratingA2 Good (6th of 21 ratings)
fitch ratingA+ Strong (5th of 21 ratings)
S&P ratingA+ Strong (5th of 21 ratings)
phone number(800) 888-2452
Product brochure
2.50%. We are paid from the insurance company general fund. It is not deducted from your account value. 100% of your money is working for you from day one. We could earn a higher commission based on sales volume and taking a more active role in the application process.
Rate Effective DateOctober 1st 2023
premium TypeSingle Premium Annuity
account TypePersonal, Traditional IRA, Roth IRA, SEP-IRA, SIMPLE-IRA, 403(b).
Not available inThis product is only available in the following state (NY).
options at

At the end of your contract term, you have 30 calendar days to choose from the following options.

1. Withdrawal any amount free of charges and fees.
2. Renew the contract for the same term, if available.
3. Renew the contract for a different term, if available
4. Transfer the balance to another company via a 1035 exchange.
5. If you do nothing, the contract usually renews for the same term at the rates available at that time.

death benefit provisionIf you pass away before the end of your annuity contract, your beneficiaries will receive the accumulated policy value. This value will include all interest you have earned and be passed without any charges or fees.
taxesAnnuities typically grow tax-deferred. If you withdrawal money that has never been taxed, withdrawals are 100% taxable. Non-qualified withdrawals have been taxed already, so only interest is taxed. This is called an exclusion ratio. Interest would be taxed, but the principal would not. Please work with a qualified specialist.
surrender schedule
9%, 8%, 7%, 6%, 5%, 4%, 2%
free-look period20 Days
market value adjustmentNo
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