Nassau MYAnnuity 5x, 7X

Rates for new contracts effective: September 1, 2021

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.

Most States

Free Withdrawal Amount 5-Year 7-Year
0% 2.80% 2.90%
10% 2.60% 2.70%

Product and Rates in New York only

Free Withdrawal Amount 5-Year 7-Year
0% 1.80% N/A
10% 1.60% N/A

Interest Rate Guarantee Terms

Interest rate for each guarantee period is set at issue and guaranteed for the duration selected.

Premium must be held for the full interest rate guarantee period in order to receive the full amount of interest.

At the end of the guarantee period, clients have a 30-day window within which to select one of three options:

  1. Surrender any amount of the contract free of charge
  2. Renew the contract for another guarantee period of the same duration, if available
  3. Renew the contract for a different interest rate guarantee period available at that time

If client does not choose one of these options, the contract will renew automatically for the same guarantee period, or the nearest available term. (A reminder will be mailed.)

Interest rate credited for the new guarantee period will be based on the rates in place at that time and declared in advance.

Rate Lock

Current rates will be locked in as of the application signed date, if the application is in good order.

The application, required forms and premium must be received in good order within 5 business days of the application signature date to lock in rates or the current credited interest rate then in effect will apply.

For 1035 exchanges or rollovers, the current rates will be locked in as of the application signed date if all application requirements are resolved within 5 days of the application signed date and funds are received within 60 calendar days (90 days in NY) from the application signed date.

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, 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.

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

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