Nassau MYAnnuitySM

Nassau MYAnnuitySM 5X, 7X

Put your retirement savings to work for your future.

Nassau My Annuity Large

Nassau MYAnnuity 5X,7X is a single-premium, multi-year guaranteed annuity that offers your clients protection from market volatility, a choice of 5 or 7 year guarantee periods, and two free withdrawal options.

This product may be appropriate for individuals who:

  • Seek to accumulate money for retirement1
  • Have a conservative risk tolerance and want to grow an inheritance or other lump sum
  • Want to secure a fixed annuity payment but not immediate income

Current Rates

Product Disclosure - with free withdrawal option

Product Disclosure - with no free withdrawal option

Product Disclosure - New York

  • Issue ages: 0-85
  • Minimum single premium: $10,000
  • Amounts over $1,000,000 require home office approval
  • A choice of 10% Free Withdrawal or No Free Withdrawal
  • A choice of 5 or 7 year Guarantee Period
  • Tax-deferred accumulation2
  • Total Guaranteed Value (TGV) provides a guaranteed minimum value upon surrender, death or annuitization
  • 5-Year or 7-Year surrender charge period
  • Interest rate for the Guarantee Period is set at issue and guaranteed for the duration selected.
  • Rates are based on the Guarantee Period and free withdrawal option elected at issue.
  • At the end of the initial Guarantee Period, your client will have a 30-day window to surrender any amount of the contract free of charge, renew for another Guarantee Period available at that time, or if no action is taken the contract will renew for a Guarantee Period of the same duration though likely at different interest rate.
  • Applies for the life of the contract, subject to certain restrictions.
  • During the 30-day window at the end of the initial Guarantee Period, you can surrender any amount of the contract without a surrender charge and without an MVA.
  • Applies to any withdrawal or surrender in excess of the Free Withdrawal option selected at issue
  • Can be positive or negative. There is no limit on a positive MVA.
  • Adjustment will never reduce the contract value below the Total Guaranteed Value (TGV).
  • Seven fixed annuity options
  • Death benefit is equal to the contract value
  • No surrender charge or MVA is applied to the death benefit

Surrender charges will be waived if the owner is admitted into a licensed nursing home, or if the owner is diagnosed with a terminal illness that is expected to result in death within six months (24 months in MA).

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Notes

1. Withdrawals made during the life of the contract will reduce the amount payable upon annuitization.

2. All or a portion of amounts withdrawn are subject to ordinary income tax, and if taken prior to age 59 1⁄2, a 10% IRS penalty may also apply. We do not provide tax, financial or investment advice, or act as a fiduciary in the sale or service of the product. Consult a tax advisor or financial representative about your specific circumstances.

An annuity contract issued as part of a qualified retirement plan or IRA does not receive any tax benefits in addition to those provided under such qualified retirement plan or IRA without an annuity contract.


Important Disclosures

An investment in the contract is subject to possible loss of principal and earnings, since a surrender charge and market value adjustment may apply to withdrawals or upon surrender of the contract.

Nassau MYAnnuity 5X/7X (ICC18IFDAP, ICC18IFDANP) is issued by Nassau Life and Annuity Company (Hartford, CT). Nassau Life and Annuity Company is not authorized to do business in MA, ME, MN, and NY. In New York, Nassau MyAnnuity (17IMGA) is issued by Nassau Life Insurance Company (East Greenbush, NY).Guarantees are based on the claims paying ability of the issuing company.

Nassau Life Insurance Company and Nassau Life and Annuity Company are subsidiaries of Nassau Financial Group.

Product features, options and availability may vary by state.

Annuities are long-term products. Annuities held within qualified plans do not provide any additional tax benefit. With certain exceptions, surrender charges apply to withdrawals taken during the initial Guarantee Period and a market value adjustment, which may increase or decrease the amount received upon withdrawal, may also apply at any time.

All or a portion of amounts withdrawn are subject to ordinary income tax, and if taken prior to age 59 1⁄2, a 10% IRS penalty may also apply. We do not provide tax, financial or investment advice, or act as a fiduciary in the sale or service of the product. Consult a tax advisor or financial representative about your specific circumstances.

This is a brief description of Nassau MYAnnuity, a modified single premium deferred annuity. This summary is for informational purposes only. Please refer to your contract for any other specific information including limitations, exclusions and charges.

The information above, including the Product Disclosure Document is intended for use by the general public and is not individualized to address any specific investment objective. It is not intended as investment or financial advice. We encourage you to consult with an advisor who can tailor a financial plan to meet your needs.

Nassau MYAnnuity is an insurance contract, not an investment; it doesn’t provide ownership of any stocks, bonds, index funds, or any other securities.

Products: Not FDIC or NCUAA Insured, No Bank or Credit Union Guarantee.