We increased the maximum issue age to 85 for Nassau Growth Annuity (NGA) without an income rider earlier this year to serve a greater number of potential clients.
As of August 7, 2020, for NGA cases where the oldest owner is age 81 or older at issue, the contract will be issued with the Group B States surrender charge schedule, crediting rates, and agent compensation rates. This adjustment impacts Group A States: AL, AR, AZ, CO, DC, IA, IL, KS, MD, MI, MS, NC, ND, NE, NH, NM, NV, OK, SD, TN, VT, WV, WY.
Marketing materials have been updated to demonstrate this clarification and illustrations will be updated by August 21, 2020.
For Producer Use Only. Not for use in solicitation or advertising to the Public.
Product features, rider options and availability may vary by state. Actual product details, including all terms and conditions that apply, are contained in the annuity contract. Product sales must be appropriate based on a comprehensive evaluation of the customer’s financial situation, needs, and objectives. Lifetime payments and guarantees are based on the claims-paying ability of the issuing company.
Nassau Growth Annuity (19FIA3, ICC19FIA3, 19GLWB3, ICCGLWB3) 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, MN, and NY, but that is subject to change. Nassau Life and Annuity Company is a subsidiary of Nassau Financial Group. BPD40296
Insurance Products: NOT FDIC or NCUAA Insured | NO Bank or Credit Union Guarantee.
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