New York Life has offered fixed-deferred and variable annuities for many years, but in response to the rising popularity of equity-indexed annuities, it's launching a new IndexFlex Variable Annuity in January 2021 for customers who are interested in these. You won't find a ton of information about its annuity products on the company's website, but as annuities can seem complicated to the average person, you probably won't mind having to talk to a representative. They can answer any questions you have and help you decide whether an annuity is the best financial solution for you and figure out which kinds of riders you should add.

New York Life has some of the strongest financial strength ratings you'll find with any insurance provider. That's great news for customers interested in an annuity because it means the company shouldn't have any trouble paying out when necessary. It's also received pretty favorable customer reviews, which have earned it an A+ rating from the Better Business Bureau. Plus, the company's over 150-year heritage suggests that most who choose to work with New York Life are happy with the products and service they receive.