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USAA Life Insurance Company and USAA Life Insurance Company of New York

Annuity rates and surrender charges for fixed and deferred options

Check current annuity rates for multiple options to find your best fit. Our Retirement Income Specialists are ready to help you build a plan for your future.

Start a conversation

Call 800-833-9847

For TTY devices, dial 711

Hours of operation for our Retirement Income Specialists

Monday to Friday
7:30 a.m. to 7 p.m. CT
Saturday and Sunday
Closed

Note: Days and times may vary.

How do annuity rates and surrender charges work?

How annuity rates work

Fixed indexed annuity (FIA)

A FIA rate follows the S&P 500® stock market index. When the market goes up, your money grows up to a set limit. When the market drops, your account value remains the same. 

Help grow your money safely with a USAA FIA. 

Fixed guaranteed growth (FGG)

Also known as a deferred annuity, an FGG has a fixed interest rate for a set number of years. Your money grows steadily. If you put more money in at the start, you may get a higher rate.

Choose your timeline and earn a guaranteed‍ ‍ interest rate with a USAA FGG. 

How surrender charges work

After your first year, you can withdraw up to 10% of your money once a year without paying a fee. 

If you withdraw money in year 1, or take out more than 10% in later years, you’ll pay a fee called a surrender charge. That charge is a percentage of the money you take out.

Rates and surrender charges for a USAA Fixed Indexed Annuity

Rates for our fixed indexed annuity

Default Caption Text

Rate type

‍ ‍

Cap rate

This is the highest interest you can earn. It’s based on how the index performs.

Rate

0% to §%

Rate type

Participation rate

This sets how much of the market's growth you earn. For example, a 100% rate means you get all of the market's gains up to your cap.

Rate

100%

Rate type

‍ ‍

Fixed rate

This is the guaranteed rate you can earn on the fixed portion of your annuity.

Rate

§%

Notes for Rates for our fixed indexed annuity

  1. Rate effective §. Your actual rates will depend on your physical address state. Interest rates are subject to change, but they'll never be less than the guaranteed minimum. The Cap Rate for the initial interest Crediting Period will be the higher of the rate in effect on the day we receive your signed application or the effective date of your contract, as long as we receive your money within 30 days of your signed application. This is known as an interest rate lock.

Rates for our fixed indexed annuity

Default Caption Text
Rate type Rate

‍ ‍

Cap rate

This is the highest interest you can earn. It’s based on how the index performs.

0% to §%

Participation rate

This sets how much of the market's growth you earn. For example, a 100% rate means you get all of the market's gains up to your cap.

100%

‍ ‍

Fixed rate

This is the guaranteed rate you can earn on the fixed portion of your annuity.

§%

Notes for Rates for our fixed indexed annuity

  1. Rate effective §. Your actual rates will depend on your physical address state. Interest rates are subject to change, but they'll never be less than the guaranteed minimum. The Cap Rate for the initial interest Crediting Period will be the higher of the rate in effect on the day we receive your signed application or the effective date of your contract, as long as we receive your money within 30 days of your signed application. This is known as an interest rate lock.

Default Caption Text
Rate type

‍ ‍

Cap rate

This is the highest interest you can earn. It’s based on how the index performs.
Rate

0% to §%
Rate type

Participation rate

This sets how much of the market's growth you earn. For example, a 100% rate means you get all of the market's gains up to your cap.
Rate

100%
Rate type

‍ ‍

Fixed rate

This is the guaranteed rate you can earn on the fixed portion of your annuity.
Rate

§%

Notes for Rates for our fixed indexed annuity

  1. Rate effective §. Your actual rates will depend on your physical address state. Interest rates are subject to change, but they'll never be less than the guaranteed minimum. The Cap Rate for the initial interest Crediting Period will be the higher of the rate in effect on the day we receive your signed application or the effective date of your contract, as long as we receive your money within 30 days of your signed application. This is known as an interest rate lock.

Surrender charges for our fixed indexed annuity

Default Caption Text

Year

1

Surrender charge for all states except California

§%

Surrender charge for California

§%

Year

2

Surrender charge for all states except California

§%

Surrender charge for California

§%

Year

3    

Surrender charge for all states except California

§%

Surrender charge for California

§%

Year

4

Surrender charge for all states except California

§%

Surrender charge for California

§%

Year

5

Surrender charge for all states except California

§%

Surrender charge for California

§%

Year

6

Surrender charge for all states except California

§%

Surrender charge for California

§%

Year

7

Surrender charge for all states except California

§%

Surrender charge for California

§%

Surrender charges for our fixed indexed annuity

Default Caption Text
Year Surrender charge for all states except California Surrender charge for California

1

§%

§%

2

§%

§%

3    

§%

§%

4

§%

§%

5

§%

§%

6

§%

§%

7

§%

§%
Default Caption Text
Year

1
Surrender charge for all states except California

§%
Surrender charge for California

§%
Year

2
Surrender charge for all states except California

§%
Surrender charge for California

§%
Year

3    
Surrender charge for all states except California

§%
Surrender charge for California

§%
Year

4
Surrender charge for all states except California

§%
Surrender charge for California

§%
Year

5
Surrender charge for all states except California

§%
Surrender charge for California

§%
Year

6
Surrender charge for all states except California

§%
Surrender charge for California

§%
Year

7
Surrender charge for all states except California

§%
Surrender charge for California

§%

Rates and surrender charges for our deferred annuities by term

We’ll lock in your rate the day we get your signed application.‍ ‍ You just need to send your money within 30 days. 

To find out how much you might earn, use our deferred annuity calculator. 

3-year rates

Default Caption Text

Contribution amount

Less than $49,999

Rate for all states except New York

N/A

Rate for New York

N/A

Contribution amount

$50,000 to $99,999

Rate for all states except New York

§%

Rate for New York

§%

Contribution amount

$100,000 to $249,999

Rate for all states except New York

§%

Rate for New York

§%

Contribution amount

$250,000 to $499,999

Rate for all states except New York

§%

Rate for New York

§%

Contribution amount

$500,000 to $999,999

Rate for all states except New York

§%

Rate for New York

§%

Contribution amount

$1,000,000 and higher

Rate for all states except New York

§%

Rate for New York

§%

Notes for 3-year rates

  1. Rate effective §. Your actual rates will depend on your physical address state. Interest rates are subject to change, but they'll never be less than the guaranteed minimum. Your interest rate will be the rate in effect on the day we receive your signed application — as long as we receive your money within 30 days of that date. This is known as an interest rate lock.

3-year rates

Default Caption Text
Contribution amount Rate for all states except New York Rate for New York

Less than $49,999

N/A

N/A

$50,000 to $99,999

§%

§%

$100,000 to $249,999

§%

§%

$250,000 to $499,999

§%

§%

$500,000 to $999,999

§%

§%

$1,000,000 and higher

§%

§%

Notes for 3-year rates

  1. Rate effective §. Your actual rates will depend on your physical address state. Interest rates are subject to change, but they'll never be less than the guaranteed minimum. Your interest rate will be the rate in effect on the day we receive your signed application — as long as we receive your money within 30 days of that date. This is known as an interest rate lock.

Default Caption Text
Contribution amount

Less than $49,999
Rate for all states except New York

N/A
Rate for New York

N/A
Contribution amount

$50,000 to $99,999
Rate for all states except New York

§%
Rate for New York

§%
Contribution amount

$100,000 to $249,999
Rate for all states except New York

§%
Rate for New York

§%
Contribution amount

$250,000 to $499,999
Rate for all states except New York

§%
Rate for New York

§%
Contribution amount

$500,000 to $999,999
Rate for all states except New York

§%
Rate for New York

§%
Contribution amount

$1,000,000 and higher
Rate for all states except New York

§%
Rate for New York

§%

Notes for 3-year rates

  1. Rate effective §. Your actual rates will depend on your physical address state. Interest rates are subject to change, but they'll never be less than the guaranteed minimum. Your interest rate will be the rate in effect on the day we receive your signed application — as long as we receive your money within 30 days of that date. This is known as an interest rate lock.

3-year FGG surrender charges

Default Caption Text

Year

1

Surrender charge for all states except New York

§%

Surrender charge for New York

§%

Year

2

Surrender charge for all states except New York

§%

Surrender charge for New York

§%

Year

3

Surrender charge for all states except New York

§%

Surrender charge for New York

§%

3-year FGG surrender charges

Default Caption Text
Year Surrender charge for all states except New York Surrender charge for New York

1

§%

§%

2

§%

§%

3

§%

§%
Default Caption Text
Year

1
Surrender charge for all states except New York

§%
Surrender charge for New York

§%
Year

2
Surrender charge for all states except New York

§%
Surrender charge for New York

§%
Year

3
Surrender charge for all states except New York

§%
Surrender charge for New York

§%

Apply for a 3-year FGG.

The minimum amount to open this term is $50,000.

false

noSkeletonLoader

5-year rates

Default Caption Text

Contribution amount

Less than $49,999

Rate for all states except New York

§%

Rate for New York

§%

Contribution amount

$50,000 to $99,999

Rate for all states except New York

§%

Rate for New York

§%

Contribution amount

$100,000 to $249,999

Rate for all states except New York

§%

Rate for New York

§%

Contribution amount

$250,000 to $499,999

Rate for all states except New York

§%

Rate for New York

§%

Contribution amount

$500,000 to $999,999

Rate for all states except New York

§%

Rate for New York

§%

Contribution amount

$1,000,000 and higher

Rate for all states except New York

§%

Rate for New York

§%

Notes for 5-year rates

  1. Rate effective §. Your actual rates will depend on your physical address state. Interest rates are subject to change, but they'll never be less than the guaranteed minimum. Your interest rate will be the rate in effect on the day we receive your signed application — as long as we receive your money within 30 days of that date. This is known as an interest rate lock.

5-year rates

Default Caption Text
Contribution amount Rate for all states except New York Rate for New York

Less than $49,999

§%

§%

$50,000 to $99,999

§%

§%

$100,000 to $249,999

§%

§%

$250,000 to $499,999

§%

§%

$500,000 to $999,999

§%

§%

$1,000,000 and higher

§%

§%

Notes for 5-year rates

  1. Rate effective §. Your actual rates will depend on your physical address state. Interest rates are subject to change, but they'll never be less than the guaranteed minimum. Your interest rate will be the rate in effect on the day we receive your signed application — as long as we receive your money within 30 days of that date. This is known as an interest rate lock.

Default Caption Text
Contribution amount

Less than $49,999
Rate for all states except New York

§%
Rate for New York

§%
Contribution amount

$50,000 to $99,999
Rate for all states except New York

§%
Rate for New York

§%
Contribution amount

$100,000 to $249,999
Rate for all states except New York

§%
Rate for New York

§%
Contribution amount

$250,000 to $499,999
Rate for all states except New York

§%
Rate for New York

§%
Contribution amount

$500,000 to $999,999
Rate for all states except New York

§%
Rate for New York

§%
Contribution amount

$1,000,000 and higher
Rate for all states except New York

§%
Rate for New York

§%

Notes for 5-year rates

  1. Rate effective §. Your actual rates will depend on your physical address state. Interest rates are subject to change, but they'll never be less than the guaranteed minimum. Your interest rate will be the rate in effect on the day we receive your signed application — as long as we receive your money within 30 days of that date. This is known as an interest rate lock.

5-year FGG surrender charges

Default Caption Text

Year

1

Surrender charge for all states except New York

§%

Surrender charge for New York

§%

Year

2

Surrender charge for all states except New York

§%

Surrender charge for New York

§%

Year

3

Surrender charge for all states except New York

§%

Surrender charge for New York

§%

Year

4

Surrender charge for all states except New York

§%

Surrender charge for New York

§%

Year

5

Surrender charge for all states except New York

§%

Surrender charge for New York

§%

5-year FGG surrender charges

Default Caption Text
Year Surrender charge for all states except New York Surrender charge for New York

1

§%

§%

2

§%

§%

3

§%

§%

4

§%

§%

5

§%

§%
Default Caption Text
Year

1
Surrender charge for all states except New York

§%
Surrender charge for New York

§%
Year

2
Surrender charge for all states except New York

§%
Surrender charge for New York

§%
Year

3
Surrender charge for all states except New York

§%
Surrender charge for New York

§%
Year

4
Surrender charge for all states except New York

§%
Surrender charge for New York

§%
Year

5
Surrender charge for all states except New York

§%
Surrender charge for New York

§%

Apply for a 5-year FGG.

The minimum amount to open this term is $20,000.

false

noSkeletonLoader

10-year rates

Default Caption Text

Contribution amount

Less than $49,999

Rate for all states except New York

§%

Rate for New York

§%

Contribution amount

$50,000 to $99,999

Rate for all states except New York

§%

Rate for New York

§%

Contribution amount

$100,000 to $249,999

Rate for all states except New York

§%

Rate for New York

§%

Contribution amount

$250,000 to $499,999

Rate for all states except New York

§%

Rate for New York

§%

Contribution amount

$500,000 to $999,999

Rate for all states except New York

§%

Rate for New York

§%

Contribution amount

$1,000,000 and higher

Rate for all states except New York

§%

Rate for New York

§%

Notes for 10-year rates

  1. Rate effective §. Your actual rates will depend on your physical address state. Interest rates are subject to change, but they'll never be less than the guaranteed minimum. Your interest rate will be the rate in effect on the day we receive your signed application — as long as we receive your money within 30 days of that date. This is known as an interest rate lock.

10-year rates

Default Caption Text
Contribution amount Rate for all states except New York Rate for New York

Less than $49,999

§%

§%

$50,000 to $99,999

§%

§%

$100,000 to $249,999

§%

§%

$250,000 to $499,999

§%

§%

$500,000 to $999,999

§%

§%

$1,000,000 and higher

§%

§%

Notes for 10-year rates

  1. Rate effective §. Your actual rates will depend on your physical address state. Interest rates are subject to change, but they'll never be less than the guaranteed minimum. Your interest rate will be the rate in effect on the day we receive your signed application — as long as we receive your money within 30 days of that date. This is known as an interest rate lock.

Default Caption Text
Contribution amount

Less than $49,999
Rate for all states except New York

§%
Rate for New York

§%
Contribution amount

$50,000 to $99,999
Rate for all states except New York

§%
Rate for New York

§%
Contribution amount

$100,000 to $249,999
Rate for all states except New York

§%
Rate for New York

§%
Contribution amount

$250,000 to $499,999
Rate for all states except New York

§%
Rate for New York

§%
Contribution amount

$500,000 to $999,999
Rate for all states except New York

§%
Rate for New York

§%
Contribution amount

$1,000,000 and higher
Rate for all states except New York

§%
Rate for New York

§%

Notes for 10-year rates

  1. Rate effective §. Your actual rates will depend on your physical address state. Interest rates are subject to change, but they'll never be less than the guaranteed minimum. Your interest rate will be the rate in effect on the day we receive your signed application — as long as we receive your money within 30 days of that date. This is known as an interest rate lock.

10-year FGG surrender charges

Default Caption Text

Year

1

Surrender charge for all states except New York

§%

Surrender charge for New York

§%

Year

2

Surrender charge for all states except New York

§%

Surrender charge for New York

§%

Year

3

Surrender charge for all states except New York

§%

Surrender charge for New York

§%

Year

4

Surrender charge for all states except New York

§%

Surrender charge for New York

§%

Year

5

Surrender charge for all states except New York

§%

Surrender charge for New York

§%

Year

6

Surrender charge for all states except New York

§%

Surrender charge for New York

§%

Year

7

Surrender charge for all states except New York

§%

Surrender charge for New York

§%

Year

8

Surrender charge for all states except New York

§%

Surrender charge for New York

§%

Year

9

Surrender charge for all states except New York

§%

Surrender charge for New York

§%

Year

10 

Surrender charge for all states except New York

§%

Surrender charge for New York

§%

10-year FGG surrender charges

Default Caption Text
Year Surrender charge for all states except New York Surrender charge for New York

1

§%

§%

2

§%

§%

3

§%

§%

4

§%

§%

5

§%

§%

6

§%

§%

7

§%

§%

8

§%

§%

9

§%

§%

10 

§%

§%
Default Caption Text
Year

1
Surrender charge for all states except New York

§%
Surrender charge for New York

§%
Year

2
Surrender charge for all states except New York

§%
Surrender charge for New York

§%
Year

3
Surrender charge for all states except New York

§%
Surrender charge for New York

§%
Year

4
Surrender charge for all states except New York

§%
Surrender charge for New York

§%
Year

5
Surrender charge for all states except New York

§%
Surrender charge for New York

§%
Year

6
Surrender charge for all states except New York

§%
Surrender charge for New York

§%
Year

7
Surrender charge for all states except New York

§%
Surrender charge for New York

§%
Year

8
Surrender charge for all states except New York

§%
Surrender charge for New York

§%
Year

9
Surrender charge for all states except New York

§%
Surrender charge for New York

§%
Year

10 
Surrender charge for all states except New York

§%
Surrender charge for New York

§%

Apply for a 10-year FGG.

The minimum amount to open this term is $20,000.

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noSkeletonLoader

Minimum guaranteed interest rates when your annuity ends

With a fixed annuity, you have a guaranteed rate for a set amount of time. After that, you can keep growing your money in the account. Market rates may change, but yours will never be less than these guaranteed minimums.

Default Caption Text

Annuity

Fixed indexed

Time period

2 to 14 years

Rate

§%

Annuity

Fixed guaranteed growth

Time period

4 to 14 years

Rate

§%

Annuity

Fixed indexed and fixed guaranteed growth

Time period

15 years or longer

Rate

§%

Notes for Minimum guaranteed interest rates when your annuity ends

  1. The minimum guaranteed interest rate is subject to change and may vary by product and state. The minimum guaranteed interest rate will be re-determined at the end of any guaranteed period. For California and New York issued contracts, the minimum guaranteed rate is fixed and will not change after the contract is issued.

Minimum guaranteed interest rates when your annuity ends

With a fixed annuity, you have a guaranteed rate for a set amount of time. After that, you can keep growing your money in the account. Market rates may change, but yours will never be less than these guaranteed minimums.

Default Caption Text
Annuity Time period Rate

Fixed indexed

2 to 14 years

§%

Fixed guaranteed growth

4 to 14 years

§%

Fixed indexed and fixed guaranteed growth

15 years or longer

§%

Notes for Minimum guaranteed interest rates when your annuity ends

  1. The minimum guaranteed interest rate is subject to change and may vary by product and state. The minimum guaranteed interest rate will be re-determined at the end of any guaranteed period. For California and New York issued contracts, the minimum guaranteed rate is fixed and will not change after the contract is issued.

With a fixed annuity, you have a guaranteed rate for a set amount of time. After that, you can keep growing your money in the account. Market rates may change, but yours will never be less than these guaranteed minimums.

Default Caption Text
Annuity

Fixed indexed
Time period

2 to 14 years
Rate

§%
Annuity

Fixed guaranteed growth
Time period

4 to 14 years
Rate

§%
Annuity

Fixed indexed and fixed guaranteed growth
Time period

15 years or longer
Rate

§%

Notes for Minimum guaranteed interest rates when your annuity ends

  1. The minimum guaranteed interest rate is subject to change and may vary by product and state. The minimum guaranteed interest rate will be re-determined at the end of any guaranteed period. For California and New York issued contracts, the minimum guaranteed rate is fixed and will not change after the contract is issued.

What are the rates and surrender charges for immediate annuities?

Our Single Premium Immediate Annuity, or SPIA, doesn’t use traditional interest rates or charge surrender fees. With a SPIA, you can convert savings into monthly retirement paychecks. The amount will be based on your age, initial deposit and the payout plan you choose. 

You can choose payments that last for your whole life, a set number of years or a mix of both.‍ ‍

Learn more about SPIA

Calculate immediate income

Annuity vs CD vs savings account: Key differences

Learn the differences between annuities, CDs, and savings accounts to decide which option offers the best rates and benefits for your financial goals.
Read article: Annuity vs CD vs savings account: Key differences

Fixed indexed and deferred annuity rates FAQ

No. Your guaranteed interest rate stays the same. But taking money out before your term ends can still cost you.

You may have to pay an early withdrawal fee, known as a surrender charge. Plus, because you have less money in your account, you’ll earn less interest over time.

The interest rate you get on your account depends on how well the S&P 500® index did over a certain period of time. Dividends aren’t included.

If the change is positive, we'll give you that percentage up to a limit, which is called the cap rate. If the S&P 500® index hasn’t gone up, your account's value remains the same.

The money you earn from interest is automatically put back into your account. This keeps your account growing.

No. Funding happens 1 time when you open the annuity. You can't add more money later.

View all annuities FAQ

Let’s start planning for your retirement.

Our Retirement Income Specialists will talk with you about your goals and how an annuity could work for you.

They can help with Social Security claiming strategies, account reviews and more in a complimentary retirement review.

Start a conversation

Call 800-833-9847

For TTY devices, dial 711

Hours of operation for our Retirement Income Specialists

Monday to Friday
7:30 a.m. to 7 p.m. CT
Saturday and Sunday
Closed

Note: Days and times may vary.

Related footnotes:

  1. Guarantees apply to certain insurance and annuity products and are subject to product terms, exclusions and limitations and the insurer's claims-paying ability and financial strength.

  2. For amounts allocated to the Indexed Account, the Cap Rate is the maximum Indexed Interest Rate for the Interest Crediting Period and is declared annually at our sole discretion.

  3. For amounts allocated to the Fixed Account, the Fixed Account Interest Rate is guaranteed for the Interest Crediting Period and is declared annually at our sole discretion.

  4. Fixed Guaranteed Growth earns interest at the rate in effect at the time of purchase. Rate guaranteed for the period selected. Afterward, the interest rate will move to the contract's minimum guaranteed rate, which is re-established at the end of each guaranteed period. For California and New York issued contracts, the minimum guaranteed rate is fixed and will not change after the contract is issued.

  5. Money not previously taxed is taxed as income when paid. Withdrawals before age 59½ may be subject to a 10% federal tax penalty.

Related footnotes:

  1. An annuity is a long-term insurance contract issued by an insurance company designed to provide a retirement income stream for life. Once the contract principal is converted into an income stream, you will no longer have access to your principal as a lump sum. Terms, conditions, limitations and surrender charges may apply.

  2. Fixed Indexed Annuity (FIA) material is not intended for residents of Idaho, North Dakota or Oregon.

  3. Fixed Indexed Annuity (FIA): Forms ICC2399755 06-23, ASP504431ST 07-23, ASP504389FL 07-23, ASP504351CA 07-23. Not available in New York.

  4. Fixed Guaranteed Growth (FGG): Forms ICC2398732 06-23, ASP98784CA 10-18, ASP98783FL 06-23, NSP98868NY 10-18. FGG Renewal Endorsement: ICC25509339 04-25, ASP503778ST 12-25, ASP509339SC 04-25. Renewal Endorsement is not available in California or New York.

  5. Guaranteed Retirement Income Plan (GRIP): Forms ASI94832ST 10-11, ASI97207AK 10-11, ASI94878AR 10-11, ASI97208AZ 10-11, ASI94875CA 10-11, ASI97165CT 10-11, ASI97123IA 10-11, ASI97032ID 10-11, ASI94876IL 10-11, ASI97195KS 10-11, ASI97170MA 10-11, ASI94940MD 10-11, ASI94879MN 10-11, ASI94921MT 10-11, ASI94920NJ 10-11, ASI97268OH 10-11, ASI94877OK 10-11, ASI94941OR 10-11, ASI94922PA 10-11, ASI94833TX 10-11, ASI97124VA 10-11, ASI94874OS 10-11, NSI94897NY 10-11, NSI97130NY 10-11

  6. INDEX DISCLOSURE

    The "S&P 500®" is a product of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”), and has been licensed for use by USAA LIFE INSURANCE COMPANY AND USAA LIFE INSURANCE COMPANY OF NEW YORK. Standard & Poor's® and S&P® are registered trademarks of Standard & Poor's Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). It is not possible to invest directly in an index. USAA Fixed Indexed Annuity are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, or any of their respective affiliates (collectively, “S&P Dow Jones Indices”). S&P Dow Jones Indices does not make any representation or warranty, express or implied, to the owners of the USAA Fixed Indexed Annuity or any member of the public regarding the advisability of investing in securities generally or in USAA Fixed Indexed Annuity particularly or the ability of the S&P 500® to track general market performance. Past performance of an index is not an indication or guarantee of future results. S&P Dow Jones Indices' only relationship to USAA LIFE INSURANCE COMPANY AND USAA LIFE INSURANCE COMPANY OF NEW YORK with respect to the S&P 500® is the licensing of the Index and certain trademarks, service marks and/or trade names of S&P Dow Jones Indices and/or its licensors. The S&P 500® is determined, composed and calculated by S&P Dow Jones Indices without regard to USAA LIFE INSURANCE COMPANY AND USAA LIFE INSURANCE COMPANY OF NEW YORK or the USAA Fixed Indexed Annuity. S&P Dow Jones Indices has no obligation to take the needs of USAA LIFE INSURANCE COMPANY AND USAA LIFE INSURANCE COMPANY OF NEW YORK into consideration in determining, composing or calculating the S&P 500®. S&P Dow Jones Indices is not responsible for and have not participated in the determination of the prices, and amount of USAA Fixed Indexed Annuity or the timing of the issuance or sale of USAA Fixed Indexed Annuity or in the determination or calculation of the equation by which USAA Fixed Indexed Annuity is to be converted into cash, surrendered or redeemed, as the case may be. S&P Dow Jones Indices has no obligation or liability in connection with the administration, marketing or trading of USAA Fixed Indexed Annuity. There is no assurance that investment products based on the S&P 500® will accurately track index performance or provide positive investment returns. S&P Dow Jones Indices LLC is not an investment or tax advisor. A tax advisor should be consulted to evaluate the impact of any tax-exempt securities on portfolios and the tax consequences of making any particular investment decision. Inclusion of a security within an index is not a recommendation by S&P Dow Jones Indices to buy, sell, or hold such security, nor is it considered to be investment advice.

    NEITHER S&P DOW JONES INDICES NOR THIRD PARTY LICENSOR GUARANTEES THE ADEQUACY, ACCURACY, TIMELINESS AND/OR THE COMPLETENESS OF THE S&P 500® OR ANY DATA RELATED THERETO OR ANY COMMUNICATION, INCLUDING BUT NOT LIMITED TO, ORAL OR WRITTEN COMMUNICATION (INCLUDING ELECTRONIC COMMUNICATIONS) WITH RESPECT THERETO. S&P DOW JONES INDICES SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY FOR ANY ERRORS, OMISSIONS, OR DELAYS THEREIN. S&P DOW JONES INDICES MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES, OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE OR AS TO RESULTS TO BE OBTAINED BY USAA LIFE INSURANCE COMPANY AND USAA LIFE INSURANCE COMPANY OF NEW YORK, OWNERS OF THE USAA Fixed Indexed Annuity, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE S&P 500® OR WITH RESPECT TO ANY DATA RELATED THERETO. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT WHATSOEVER SHALL S&P DOW JONES INDICES BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES INCLUDING BUT NOT LIMITED TO, LOSS OF PROFITS, TRADING LOSSES, LOST TIME OR GOODWILL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, WHETHER IN CONTRACT, TORT, STRICT LIABILITY, OR OTHERWISE. THERE ARE NO THIRD PARTY BENEFICIARIES OF ANY AGREEMENTS OR ARRANGEMENTS BETWEEN S&P DOW JONES INDICES AND USAA LIFE INSURANCE COMPANY AND USAA LIFE INSURANCE COMPANY OF NEW YORK, OTHER THAN THE LICENSORS OF S&P DOW JONES INDICES.

  7. Learn about USAA's use of Artificial Intelligence at usaa.com/ai.

    Life insurance and annuities provided by USAA Life Insurance Company, San Antonio, TX and in New York by USAA Life Insurance Company of New York, Highland Falls, NY. All insurance products are subject to state availability, issue limitations and contractual terms and conditions. Each company has sole financial responsibility for its own products.

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