First-Time Qualifier Benefits
Earn an extra 50bps for fixed indexed annuity and 15bps for non-NY MYGA premium placed of eligible products in 2023. Receive the compensation in a single, lump-sum payment after the close of the year.
Receive exclusive invitations to conferences and events. Connect with Nassau’s senior management and product development teams to share feedback and ideas.
Get direct access to a dedicated team, including a new business case manager, wholesaler, and post-issue service representative, as well as express new business processing.
Enhanced Benefits for 2022 Elites Who Requalify in 2023
Loyalty deserves increased recognition. In addition to concierge service and exclusive invitations to events, 2022 Nassau Elite members who requalify in 2023 earn additional rewards.
2022 Elites who requalify in 2023 will earn 75bps for fixed indexed annuity and 25bps for non-NY MYGA premium placed in 2023.
Accelerated Bonus Payments
Accelerated compensation incentive payouts, administered beginning the following quarter after requalification in 2023.
How to Qualify
Earn 1.75 million qualification credits and place a minimum of 5 contracts/policies in 2023. $1 of FIA placed premium equals 1 qualification credit. $3 of non-NY MYGA placed premium equals 1 qualification credit. $1 of Medicare Supplement annualized, placed premium equals 14 qualification credits.
Nassau Bonus AnnuitySM, Nassau Growth Annuity®, Nassau Personal Income Annuity®, Nassau Personal Protection Choice®, Nassau MYAnnuity® 5X, 7X (non-NY), Nassau Simple Annuity, and Nassau Medicare Supplement Insurance.
Other Important Details
Eligible products are subject to state approval and may not be available in all states. To learn more, call our sales desk at 1-888-794-4447.
Qualification period runs from Jan. 1, 2023 to Dec. 31, 2023. Placed premium excludes free looks and cancellations. Qualification credits only apply to placed premium of eligible products submitted with eligible firms. Participants must have an active contract and be in good standing to receive incentives. Final qualification remains at the sole discretion of Nassau. Program details are subject to change at Nassau’s discretion. All compensation payouts remain based on actual fixed indexed annuity and non-NY MYGA placed premium, not qualification credits. Compensation increase is proportionally equivalent between Nassau's FIA and MYGA products. Qualification credits or Elite qualification may not be transferred to another appointed individual/agent. All Elite Program payments will be subject to product charge back rules. Some event expenses related to you (and your potential guests) that are associated with the Nassau Elite Producer Program may be taxable to you and reported on a 1099-NEC. You should consult your tax advisor if you have questions about the tax treatment related to any event-related expenses or your individual situation. Nassau is unable to substitute cash equivalent or awards in lieu of attendance.
For producer use only. Not for use with the general public. Product sales must be appropriate, based on a comprehensive evaluation of the customer’s financial situation, needs and objectives. Product features, riders and availability may vary by state. Nassau Bonus Annuity (19FIA3, ICC19FIA3), Nassau Growth Annuity (19FIA3, ICC19FIA3N), Nassau Personal Income Annuity (ICC19EIAN,19FIA), Nassau Personal Protection Choice (ICC19EIAN, 19FIA), Nassau Simple Annuity (18FADTCP and ICC18FADTCP), and Nassau MYAnnuity 5X/7X (18IFDAP and ICC18IFDAP/ICC18IFDANP) are 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 ME and NY, but that is subject to change. Medicare Supplement insurance is issued by Nassau Life Insurance Company of Kansas. Nassau Life and Annuity Company and Nassau Life Insurance Company of Kansas are subsidiaries of Nassau Financial Group. The insurers are separate entities and each is responsible only for its own financial condition and contractual obligations. BPD#41203 01-23