Nassau Personal Retirement ChoiceSM

Nassau Personal Retirement ChoiceSM

Put your retirement savings to work for your future.

NSRE Personal Retirement Choice Brochure Cover

Personal Retirement Choice is designed as a long-term retirement planning vehicle to help you make the most of your hard-earned savings and create a secure financial future. This product has one fixed account and 10 indexed accounts with index credits linked to the positive performance of the S&P 500® and the CS Tactical Multi Asset™ Indices. Designed for individuals who seek to benefit from the upside potential of the equity markets without risking loss of principal due to market downturns.1

Its accumulation features include:

  • A Premium Bonus2 at issue and potential for growth with positive market performance, and protection from downturns. The premium bonus may also vary based on if the optional Income Benefit is purchased. The product includes a 7% Free Withdrawal for the life of the contract and a competitive 12-year surrender charge schedule in most states.
  • An optional Guaranteed Lifetime Income Benefit rider (Income Benefit)3 is also available that guarantees income payments every year for life once the rider is exercised, provided certain conditions are met. There is an additional fee associated with this rider. The amount of the bonus and product availability varies based on the state of issue.
  • Issue ages: 0-80
  • Minimum single premium: $15,000
  • Amounts over $1,000,000 require home office approval
  • Total Guaranteed Value (TGV): provides a guaranteed minimum value upon surrender, death or annuitization
  • 10- or 12- Year Surrender Charge Schedule (varies based on state approval; also varies by age in Florida)
  • Annual 7% Free Withdrawals available for the life of the contract (10% Free Withdrawals in Group C states (AK, IL, LA, MO, NH, OR, PA, UT, VA, VT, WA, WY)
  • Tax-Deferred Accumulation and tax-free transfers between accounts
  • Premium Bonus equal to a percentage of the single premium is applied
  • Percentages range from 10% to 8% with the optional Income Benefit Rider
  • Percentages range from 10% to 4% without the optional Income Benefit Rider
  • Premium Bonus is subject to a vesting schedule which also varies by state
  • Non-Vested Premium Bonus repaid to company upon death, surrender withdrawals in excess of free amount or annuitization during surrender charge period (Premium Bonus Recapture in some states)
  • With index credits tied to the positive performance of each of the indices: S&P 500®, CS Tactical Multi Asset™
  • All index credits for the S&P accounts exclude dividends4
  • Segment duration varies - one year or two year
  • Each account is subject to a Cap, Participation Rate or Index Spread
  • Reallocation among accounts is allowed at the end of each segment during a 30 day window before each contract anniversary
  • One-year S&P 500 with Cap
  • One-year S&P 500 with Participation and Spread Rates
  • One-Year Monthly S&P 500
  • One-Year S&P 500 with Participation Rate
  • Two-year S&P 500 with Participation Rate (not available in NH)
  • Two-year S&P 500 with Cap (not available in NH)
  • Two-year S&P 500 with Participation and Spread Rates (not available in NH)
  • Three-year S&P 500 with Participation and Spread Rates (not available in NH)
  • CS Tactical Multi Asset 1 Year*
  • CS Tactical Multi Asset 2 Year* (not available in NH)
  • Segment duration varies - one year, two year or three year
  • Each account is subject to a Cap, Participation Rate and/or Index Spread

 A Guide on Understanding Indexed Accounts

*May not be available in all states

  • Index credit is never less than 0%
  • No investment loss due to market downturns
  • Interest credited daily, rate is guaranteed for one year
  • Guarantees lifetime income even if Accumulation Value is reduced to zero
  • 8% Roll-up included on each contract anniversary to grow the Benefit Base3 for up to 12 years
  • One additional Roll-Up Restart available if rider is not exercised; fee may increase at this time
  • Available in Single and Spousal Life Options
  • Income Benefit may be elected at issue with an annual fee of .95%
  • Roll-Up feature terminates once the rider is exercised
  • Applies during the surrender period
  • Adjustment may be positive or negative based on the change in the interest rates since contract issue
  • Adjustment will never reduce the surrender value below the total guaranteed value or the single premium. In addition, the adjustment cannot increase the surrender value by more than the maximum amount that the adjustment can decrease the surrender value
  • 10 fixed annuity options
  • Accumulation value applies in all years
  • Death benefit is equal to the greater of the Accumulation Value less Non-Vested Premium Bonus or the Total Guaranteed Value

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Important Disclosures

1 Your principal is protected against market losses and guaranteed under the base contract. If the optional rider is elected, fees will be deducted from the contract value and this could potentially result in a loss of principal if the contract has had interest credits less than the fees.

2 Products offering a bonus may offer lower crediting than non-bonus products which over time may or may not offset the value of the bonus

3 Optional riders involve an added fee that is deducted from the contract value.

4 All S&P 500 index performance used to calculate the indexed account credit excludes dividends.

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. Lifetime payments and guarantees are based on the claims paying ability of Nassau Life and Annuity Company.

Nassau Personal Retirement Choice (19FIA, ICC19EIAN and ICC19EIA) is issued by Nassau Life and Annuity Company (Hartford, CT). In California, Nassau Life and Annuity Company does business as “Nassau Life and Annuity Insurance Company.” Nassau Life and Annuity Company is not authorized to conduct business in MA, ME and NY, but that is subject to change.

Nassau Life and Annuity Company is a subsidiary of Nassau Financial Group.

Withdrawals are subject to ordinary income tax, and if taken prior to age 59½, a 10% tax penalty may also apply.

The S&P® 500 Index is a product of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”) and has been licensed for use by Nassau Life Insurance Company and its affiliates. 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”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Nassau Life Insurance Company and its affiliates. “S&P 500” and “S&P” are trademarks of Standard & Poor’s Financial Services LLC and have been licensed for use by SPDJI and Nassau Life Insurance Company and its affiliates. Nassau Personal Retirement Choice Annuity is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, or Standard & Poor’s Financial Services LLC and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500 Index.

The CS Tactical Multi Asset Index™ is sponsored and published by Credit Suisse. We have entered into an exclusive license agreement with Credit Suisse providing for the right to use the CS Tactical Multi Asset Index and related trademarks in connection with our indexed annuities. The annuities are not sponsored, endorsed, sold or promoted by Credit Suisse. Credit Suisse makes no representation or warranty, express or implied, regarding the advisability of investing in the annuities, and has no obligation or liability in connection with the administration, marketing or sale of Nassau annuities.

The information above, including the Product Disclosure and the Rider 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 Personal Retirement Choice is an insurance contract, not an investment; it doesn’t provide ownership of any stocks, bonds, index funds, or any other securities.

BPD39586 06-18

FOR AGENT USE ONLY