RMD e.com



RMDvariable2005 reminder

Required Minimum Distribution reminder letter for variable products

Client Identification Number

New York Life Insurance and Annuity Corporation

(A Delaware Corporation)

PO Box

City, ST Zip+XXXX

1-800-XXX-XXXX



Registered Representative

Name

Policyholder’s Name Address

Street Address

Street Telephone Number

City, ST Zip+XXXX

Annuitant: XXXXXXXX

Policy: XX XXX XXX

Policy Cash Value as of 12/31/2004: $x,xxx,xxx

RMD for 2005: $x,xxx,xxx

Dear (name of the Policyholder):

Thank you for continuing your Individual Retirement Annuity (IRA) or Tax Sheltered Annuity (TSA) with New York Life Insurance and Annuity Corporation (NYLIAC).

Most owners of IRAs and TSAs who are age 70½ or older are required by the Internal Revenue Service (IRS) to make a minimum withdrawal from their annuity contract(s) each calendar year. This minimum withdrawal is called a Required Minimum Distribution (RMD).

You must take your RMD withdrawal by December 31, 2005, if you have:

1) An IRA (other than a ROTH IRA); or

2) A TSA and you have retired from the employer who maintains the TSA.

Please note the following:

You can meet your RMD requirements for this year by making withdrawals from this or another IRA or TSA. However, you may not make a withdrawal from an IRA to satisfy the RMD for a TSA, or vice versa. If you already took a withdrawal this year or have already scheduled a withdrawal to be taken this year from the above referenced policy, or another IRA or TSA, you may not have to take a withdrawal at this time. Please check with your professional tax advisor if you are uncertain as to whether or not your RMD has been satisfied.

When you attain age 70½, the IRS allows you to postpone your first distribution until April 1 of the following year. Therefore, if you reach age 70½ this year, you may postpone your initial RMD until April 1, 2006. If you choose to postpone your RMD, you have until March 1, 2006 to return the enclosed RMD election form. However, you will be required to take two distributions in 2006 -- one by April 1, 2006, and one by December 31, 2006.

If your spouse is your sole beneficiary and is more than 10 years younger than you, your RMD may be less than the above amount. Please complete Section A2 on the enclosed election form if this is the case.

Please complete the enclosed Required Minimum Distribution Election Form and return it in the enclosed envelope by November 15, 2005. We cannot process a RMD for your policy unless we receive this form. Please note that you must take the RMD by December 31, 2005 in order to avoid IRS penalties. Failure to take a RMD before the close of this year may subject you to severe IRS penalties equal to 50% of the RMD amount that was not distributed.

Variable products are offered through properly licensed registered representatives of NYLIFE Securities Inc. (member NASD/SIPC), 51 Madison Avenue, New York, NY 10010.

Annuitant’s Last Name

Month DD, YYYY

Policy: XX XXX XXX

Page 2

Please note that the RMD amount is the minimum amount that you must withdraw in order to avoid an IRS penalty. You may withdraw more than the RMD amount; however, if your total withdrawals made during the year exceed the 10% window for this policy year, surrender charges may apply.

For IRA policyholders only, the IRS requires NYLIAC to report to the IRS that you are required to take a RMD.

We want to help. If you would like NYLIAC to automatically compute your RMD amount and send it to you each year, please make the appropriate election under Withdrawal Option A on the enclosed form. You may calculate your own RMD amount for this year and subsequent years by electing Withdrawal Option B.

If you have any questions regarding your RMD, please contact us at our toll-free number 1-800-598-2019. For tax advice, please contact your professional tax advisor.

Sincerely,

Name

Title

Variable products are offered through properly licensed registered representatives of NYLIFE Securities Inc. (member NASD/SIPC), 51 Madison Avenue, New York, NY 10010.

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|2005 REQUIRED MINIMUM DISTRIBUTION ELECTION FORM | |

| | | | |

|Date: | |Policy Number: |XX XXX XXX |

| | | | |

|Policyowner: |FIRST NAME LAST NAME | | |

| | | | |

|Social Security Number | |Cash Value as of 12/31/2004 |$X,XXX,XXX,XXX.XX |

| |

|Complete Sections I and II, sign and date this form and return it in the enclosed envelope. If you have any questions, please contact one of our customer service |

|representatives at our toll-free number 1-800-598-2019. |

|I. WITHDRAWAL OPTIONS |

|(Please select either A or B. Please refer to the enclosed letter for information on completing this section.) |

| |

|Please withdraw my RMD for this and all subsequent years using the option checked below. |

|The withdrawal is processed on a pro-rata basis unless specified funds are selected in section C. |

|1) | |Please withdraw $xx,xxx, as calculated by NYLIAC, to satisfy my RMD requirement. (NYLIAC will recalculate my RMD amount for all subsequent years.) | | |

| | |Please choose the frequency you would like to receive your RMD payment. If you choose a frequency other than annual the withdrawal amount will be | | |

| | |divided into equal installments based upon the frequency chosen. | | |

| | |Monthly Quarterly Semi-Annual Annual | | |

| | |Indicate date for the first payment to be withdrawn from your policy, (Payment dates may not be the 29th, 30th, or 31st of a month): | | |

| | | | | |

| | |____________________________________ | | |

| | |Month Day Year | | |

| | | | | |

| | |ELECTRONIC FUNDS TRANSFER (EFT) | | |

| | | | | |

| | |To have your Partial Withdrawal/ Periodic Partial Withdrawal payment(s) sent directly to your bank account, via Electronic Funds Transfer (EFT), please| | |

| | |provide the following information: | | |

| | | | | |

| | |Note: Your Financial Institution must be a member of the Automatic Clearing House (ACH). Please check with your Financial Institution. | | |

| | | | | |

| | |Name of Financial Institution | | |

| | |and Branch Name (if any) __________________________________________________________________ | | |

| | | | | |

| | |Address of Financial Institution __________________________________________________________________ | | |

| | | | | |

| | |__________________________________________________________________ | | |

| | | | | |

| | |Routing Number of Financial Institution __________________________________________________________________ | | |

| | | | | |

| | |Account Number for Deposit of Payment(s) __________________________________________________________________ | | |

| | | | | |

| | |Accountholder’s Name ___________________________________________________________________ | | |

| | | | | |

| | |Please Check One: Checking Account Saving Account Other __________________________________ | | |

| | | | | |

| | | | | |

| | |If the payment(s) are to be deposited into a checking account, please attach a voided check. | | |

| | | | | |

| | |If the payment is to be deposited into a savings account, please provide a deposit slip that confirms the account routing numbers. | | |

| | | | | |

| | |If the day you have chosen for your Periodic Partial Withdrawal payments falls on any day which is not a business day (e.g., a weekend or holiday), | | |

| | |your payment shall be made on the following business day. The unit value for each payment will be equal to the unit value for the respective Allocation| | |

| | |Alternative on the day the payment is made. | | |

| | | | | |

|2) | |Spousal Beneficiary Option. You are eligible for this option only if your spouse is the sole beneficiary and he or she is more than 10 years younger | | |

| | |than you. | | |

| | | |

| | |Please determine the RMD based on the following information for my spouse Beneficiary: |

| | | | |

| |Name | | |

| | | | |

| |Date of Birth | |Social Security Number |

| |

| |

| |

| |

| |

|Please withdraw $__________________ from my policy to satisfy my RMD requirements. This is based upon my own calculation for this year only. Please withdraw from the |

|following Investment Divisions/Fixed Account/DCA Advantage Accounts. Please indicate the percentages to be withdrawn from the Investment Divisions, Fixed Account, |

|and/or DCA Advantage Accounts. If this section is not completed, we will make this withdrawal on a pro-rata basis, based on your current premium allocation. If the |

|value of an Investment Division is insufficient to meet the requested RMD, the remainder will be withdrawn from the remaining Investment Divisions on a pro-rata basis. |

|The withdrawal is processed on a pro-rata basis unless specified funds are selected in section C. |

|C) |

|Name of Investment Division | |Allocation | |Name of Investment Division | |Allocation |

| | |Percent | | | |Percent |

|Fixed Account – 1 Year Guarantee (transfers of |101 |% | |MainStay VP American Century Income & Growth |120 |% |

|interest only for LifeStages® Elite variable | | | | | | |

|annuity policies) | | | | | | |

|Fixed Account – 3Year Guarantee (LifeStages® |301 |% | |MainStay VP Dreyfus Large Company Value |121 |% |

|Essentials VA only) | | | | | | |

|6-Month DCA Advantage Plan** |131 |% | |MainStay VP Eagle Asset Management Growth Equity |122 |% |

|12-Month DCA Advantage Plan** |132 |% | |MainStay VP Lord Abbett Developing Growth |124 |% |

|18-Month DCA Advantage Plan** |133 |% | |Alger American Small Capitalization |116 |% |

|MainStay VP Bond |107 |% | |Calvert Social Balanced |112 |% |

|MainStay VP Capital Appreciation |104 |% | |Colonial Small Cap Value Fund, Variable Series (Class B Shares) |140 | % |

|MainStay VP Cash Management |102 |% | |Dreyfus IP Technology Growth |138 |% |

|MainStay VP Common stock (formerly known as |108 |% | |Fidelity® VIP Contrafund® |115 |% |

|MainStay VP Growth Equity) | | | | | | |

|MainStay VP Convertible |119 |% | |Fidelity® VIP Equity-Income |113 |% |

|MainStay VP Government |103 |% | |Fidelity® VIP Mid Cap - Service Class 2 |139 |% |

|MainStay VP High Yield Corporate Bond |110 |% | |Janus Aspen Series Balanced |114 |% |

|MainStay VP International Equity |109 |% | |Janus Aspen Series Worldwide Growth |117 |% |

|MainStay VP Mid Cap Core |136 |% | |MFS® Investors Trust Series |125 |% |

|MainStay VP Mid Cap Growth |137 |% | |MFS® Research Series |126 |% |

|MainStay VP Mid Cap Value (formerly known as |134 |% | |MFS® Utilities Series – Service Class |143 |% |

|MainStay VP Equity Income) | | | | | | |

|MainStay VP S&P 500 Index (formerly known as |105 |% | |Neuberger Berman AMT Mid Cap Growth Portfolio – Class S |142 |% |

|MainStay VP Indexed Equity) | | | | | | |

|MainStay VP Small Cap Growth |135 |% | |T. Rowe Price Equity Income Portfolio |123 |% |

|MainStay VP Total Return |106 |% | |Van Eck Worldwide Hard Assets |127 |% |

|MainStay VP Value |111 |% | |Van Kampen UIF Emerging Markets Equity |118 |% |

| | | | |Victory VIF Diversified Stock (Class A Shares) |141 |% |

*Some Investment Divisions offered in policies issued prior to June 2, 2003 differ from Investment Divisions offered in policies issued on or after June 2, 2003. Please refer to your prospectus for a list of the corresponding Investment Divisions available to you.

**These funds apply to LifeStages® Variable Annuity and LifeStages® Essentials Variable Annuity policies. Only the 6-Month DCA Advantage Plan Account is available for LifeStages( Premium Plus Variable Annuity and LifeStages® Elite Variable Annuity policies. Only the 6 and 12 month DCA Advantage Plan Accounts are available for LifeStages® Select Variable Annuity policies.

| |

|II. INCOME TAX WITHHOLDING ELECTION - Substitute W-4P |

| |

|IMPORTANT: Please provide the following information to meet Internal Revenue Service (IRS) requirements. If your taxpayer identification number is not furnished, |

|we are required by Federal Law to withhold 10% of the taxable gain. |

| | |

|Policyowner’s Taxpayer Identification Number: | |

| |

|Are you a citizen of the United States? | |YES | |NO |

| |

|I elect to have the following withholding option applied to this payment and any future payments under this policy |

|(please check only one box): |

| | | | |

| | |I elect to have taxes withheld. | |I elect NOT to have taxes withheld. |

| | | | |

| |If you elect to have federal taxes withheld, state withholding taxes may apply. | |

| | | |

| | | |

| |Signature:_____________________________________________________________ Date: ________________________ | |

| | | |

| |Please provide us with a day time phone number in case we have questions about your request: _______________________ | |

| | | |

| | | |

| | | |

| | | |

| | | |

| | | |

| |

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Withdrawals are subject to Federal Tax Withholding unless you choose not to have taxes withheld. Withholding applies only to the taxable portion of your withdrawal. If you choose not to have tax withheld, or you do not have enough tax withheld, you may be subject to a tax penalty under estimated tax rules if your withholding and estimated tax payments are not sufficient. In addition, some states require state taxes to be withheld when federal taxes are withheld. If you live in one of these states, we will withhold state taxes as required by your state. Your signature on this form confirms that you have read this notice and you made a choice for this distribution.

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