Nassau MYAnnuity® 5X/7X

Put your retirement savings to work for your future.

Product Overview

Nassau MYAnnuity® 5X/7X

Product Overview

Snapshot

Portfolio Position

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 (in most states), and two free withdrawal options.

Consumer Description

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

Marketing Materials

Consumer Brochure

Nassau Personal Income Annuity Brochure Cover

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Product Summary

Nassau MYAnnuity Summary Brochure Cover

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Product Summary - NY

Nassau MYAnnuity Summary Brochure Cover

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Sales Support

What Is a MYGA?

Sales Tools

Required Training

Product Specifications

Rates for new contracts effective: October 2022

Clients have a choice of a 10% Free Withdrawal Amount or No Free Withdrawal Amount.
Election must be made at issue. Rates are based on elections made as referenced in the table below.

 

Core Product

  Min Max
Issue Ages 0 85
Premium $10K $1M
Annual Free Withdrawal or No Free Withdrawal2 10% or 0%
MVA Yes

Product Versions and Rates

Most States

Product and Rates in New York only

Surrender Charge Schedule

Contract Details

Marketing Materials

Note: not approved for use in NY.

Website Banners

Nassau Simple Annuity Website Banners

For use on website home or landing pages.

5YR   |   7YR


Digital Ads

Advertise or post on Facebook, Google or
other social platforms.

5YR   |   7YR



Newspapers Ads

Nassau MYAnnuity Newspaper Ads

Insert your information and use in print.

5YR   |   7YR


Email Templates

Nassau MYAnnuity Email Templates

Contact one client or use for mass email campaigns.

Download

Materials not approved for use in CA, MA, ME, or NY.

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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 All or a portion of amounts withdrawn are subject to ordinary income tax, and if taken prior to age 59 1⁄2, a 10% IRS penalty may also apply.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

Nassau reserves the right to revise declared rates at any time.

FOR PRODUCER USE ONLY. NOT FOR USE WITH THE GENERAL PUBLIC AS SALES LITERATURE.

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 (18IFDAP, 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, and NY. In New York (5X), 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. The insurers are separate entities and each is responsible only for its own financial condition and contractual obligations.

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 product materials for any other specific information including limitations, exclusions and charges.

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

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

BPD: 40493