May 2021

Get Amped: Nassau Growth Annuity’s 10% Free Withdrawal Amount

Effective June 1, 2021, the Free Withdrawal Amount for Nassau Growth Annuity® (NGA) contracts with 10-year surrender charge schedules will be 10%. This strategic enhancement creates simplified, consistent liquidity options throughout the product.

NGA provides strong accumulation potential with the security of principal protection, plus return of premium features to help protect your clients’ money.1 Interested in selling NGA? Take the online certification training.  

Transition Rules

10-year Nassau Growth Annuity applications that are:

  • Signed and dated on or before 5/31/2021 and issued on or after 6/1/2021 will receive the 10% Free Withdrawal Amount.
    • An acknowledgement form signed by the producer will be required prior to issue.
  • Signed, dated, and issued on or after 6/1/2021 will receive the 10% Free Withdrawal Amount.
On June 1 at 2 p.m. ET, find out how NGA’s flexible design makes it easy to customize growth and income options specifically for your clients’ needs. Register Now.

Annuities for Real Life

Share this video with your clients to help them see how NGA can fit into their retirement plan – and life.

Nassau Growth Annuity Highlights

  • Increased rates this May for contracts with no income benefit rider, featuring competitive S&P 500® indexed account options, among others

  • Seven indexed account options – three with enhanced participation rates – provide the power of choice when it comes to designing accumulation strategies2

  • Over 100% uncapped participation rate option

  • Maximum issue age of 854

  • Sunrise Smart Passage SG Indexed Accounts are proprietary, volatility-controlled, and exclusive to NGA

  • 10-year surrender charge period includes optional choice of Amplified Income or Amplified Income Plus riders that guarantee income payments for life and include features to boost potential income payments5

1Includes return of premium features upon surrender or death. Cash Surrender Value after the surrender charge period is guaranteed to be no less than premium minus prior withdrawals.

2Indexed account credits are based on a cap, participation or enhanced participation rate set at the beginning of each indexed account segment and subject to change for future segments. For indexed accounts with enhanced participation rates, currently a 1.0% annual strategy fee applies in each year of the index term (subject to change).  We may change, add or eliminate indexed accounts. Certain accounts may not be available in all states. The contract does not directly participate in any stock, bond or equity investment. Indexed account credit calculations exclude dividends.

32-Year Smart Passage SG with Enhanced Participation Rate with Annual Strategy Fee currently has a participation rate over 100% but is subject to change. The Smart Passage SG Index applies the Sunrise Crediting Method which may result in the account under performing other indexed accounts if the growth is concentrated in one or two months. For latest NGA rates, please visit salesnet.nfg.com/product-rates.

4Income Riders as well as Nursing Home and Terminal Illness Waivers are only available for issue ages 80 and below. Additional suitability criteria applies to older ages. See our pre-submission review form for replacements for clients age 81+.

5Future income provided by these riders is dependent on the annuity’s performance. Rider fees apply. If index and interest credits are less than the strategy fee the income benefit base will not be reduced but the client may experience a loss in principal if the contract and rider fees exceed the contract growth. Please see product materials or contact our sales team for details.

Important Disclosures

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 and Annuity Company and its affiliates (collectively, “Nassau”). Standard & Poor’s®, S&P 500® 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 and sublicensed for use by SPDJI and Nassau, respectively. Nassau products are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, or their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such products nor do they have any liability for any errors, omissions, or interruptions of the S&P 500 Index.

The Smart Passage SG Index (the “Index”) is the exclusive property of SG Americas Securities, LLC (SG Americas Securities, LLC, together with its affiliates, “SG”). SG has contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) (“S&P”) to maintain and calculate the Index. “SG Americas Securities, LLC”, “SGAS”, “Société Générale”, “SG”, “Société Générale Indices”, “SGI”, and “Smart Passage SG Index” (collectively, the “SG Marks”) are trademarks or service marks of SG. SG has licensed use of the SG Marks to Nassau Life and Annuity Company (“NLA”) for use in a fixed indexed annuity offered by NLA (the “Fixed Indexed Annuity”). SG’s sole contractual relationship with NLA is to license the Index and the SG Marks to NLA. None of SG, S&P or other third party licensor (collectively, the “Index Parties”) to SG is acting, or has been authorized to act, as an agent of NLA or has in any way sponsored, promoted, solicited, negotiated, endorsed, offered, sold, issued, supported, structured or priced any Fixed Indexed Annuity or provided investment advice to NLA.
No Index Party has passed on the legality or suitability of, or the accuracy or adequacy of the descriptions and disclosures relating to, the Fixed Indexed Annuity, including those disclosures with respect to the Index. The Index Parties make no representation whatsoever, whether express or implied, as to the advisability of purchasing, selling or holding any product linked to the Index, including the Fixed Indexed Annuity, or the ability of the Index to meet its stated objectives, including meeting its target volatility. The Index Parties have no obligation to, and will not, take the needs of NLA or any annuitant into consideration in determining, composing or calculating the Index. The selection of the Index as a crediting option under a Fixed Indexed Annuity does not obligate NLA or SG to invest annuity payments in the components of the Index.

THE INDEX PARTIES MAKE NO REPRESENTATION OR WARRANTY WHATSOEVER, WHETHER EXPRESS OR IMPLIED, AND HEREBY EXPRESSLY DISCLAIM ALL WARRANTIES (INCLUDING, WITHOUT LIMITATION, THOSE OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE), WITH RESPECT TO THE INDEX OR ANY DATA INCLUDED THEREIN OR RELATING THERETO, AND IN PARTICULAR DISCLAIM ANY GUARANTEE OR WARRANTY EITHER AS TO THE QUALITY, ACCURACY, TIMELINESS AND/OR COMPLETENESS OF THE INDEX OR ANY DATA INCLUDED THEREIN, THE RESULTS OBTAINED FROM THE USE OF THE INDEX AND/OR THE CALCULATION OR COMPOSITION OF THE INDEX, OR CALCULATIONS MADE WITH RESPECT TO ANY FIXED INDEXED ANNUITY AT ANY PARTICULAR TIME ON ANY PARTICULAR DATE OR OTHERWISE. THE INDEX PARTIES SHALL NOT BE LIABLE (WHETHER IN NEGLIGENCE OR OTHERWISE) TO ANY PERSON FOR ANY ERROR OR OMISSION IN THE INDEX OR IN THE CALCULATION OF THE INDEX, AND THE INDEX PARTIES ARE UNDER NO OBLIGATION TO ADVISE ANY PERSON OF ANY ERROR THEREIN, OR FOR ANY INTERRUPTION IN THE CALCULATION OF THE INDEX. NO INDEX PARTY SHALL HAVE ANY LIABILITY TO ANY PARTY FOR ANY ACT OR FAILURE TO ACT BY THE INDEX PARTIES IN CONNECTION WITH THE DETERMINATION, ADJUSTMENT OR MAINTENANCE OF THE INDEX. WITHOUT LIMITING THE FOREGOING, IN NO EVENT SHALL AN INDEX PARTY HAVE ANY LIABILITY FOR ANY DIRECT DAMAGES, LOST PROFITS OR SPECIAL, INCIDENTAL, PUNITIVE, INDIRECT OR CONSEQUENTIAL DAMAGES, EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.

No Index Party is a fiduciary or agent of any purchaser, seller or holder of a Fixed Indexed Annuity. None of SG, S&P or any third party licensor shall have any liability with respect to the Fixed Indexed Annuity in which an interest crediting option is based is on the Index, nor for any loss relating to the Fixed Indexed Annuity, whether arising directly or indirectly from the use of the Index, its methodology, any SG Mark or otherwise. Obligations to make payments under the Fixed Indexed Annuities are solely the obligation of NLA. In calculating the performance of the Index, SG deducts a maintenance fee of 0.50% per annum on the level of the Index, and fixed transaction and replication costs, each calculated and deducted on a daily basis. Because the Index can experience potential leverage up to 350%, the maintenance fee may be as high as 1.75% per year. The transaction and replication costs cover, among other things, rebalancing and replication costs. The total amount of transaction and replication costs is not predictable and will depend on a number of factors, including the performance of the index underlying the Index, and market conditions, among other factors. These fees and costs will reduce the potential positive change in the Index and increase the potential negative change in the Index. While the volatility control applied by the Index may result in less fluctuation in rates of return as compared to indices without volatility controls, it may also reduce the overall rate of return as compared to products not subject to volatility controls.

For Producer Use Only. Not for distribution to the public.

Product features, rider options, and availability may vary by state. Product sales must be appropriate based on a comprehensive evaluation of the customer’s financial situation, needs, and objectives. Guarantees are based on the claims-paying ability of the issuing Company. Nassau does not provide financial advice or act as a fiduciary in the sale or service of its products.

Insurance Products: NOT FDIC or NCUAA Insured | NO Bank or Credit Union Guarantee.

Nassau Growth Annuity (19FIA3, ICC19FIA3, 19GLWB3, ICC19GLWB3, ICC19ECH and 19ECH) 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.

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Anthony LaRosaGet Amped: Nassau Growth Annuity’s 10% Free Withdrawal Amount
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Nassau Growth Annuity Available in New Jersey on June 1

We’re excited to announce that, effective June 1, 2021, Nassau Growth Annuity® (NGA) will be available for sale in New Jersey. NGA will be a Group B State for surrender charge schedules and crediting rates for new business. Illustrations, e-Applications, and updated marketing materials will be available then.

Interested in selling NGA? Take the online certification training.  

Find out how NGA’s flexible design makes it easy to customize growth and income strategies specifically for your clients’ needs.

NGA Webinar for New Jersey Producers
June 8


Upcoming NGA Webinars
May 25  |  June 1

Nassau Growth Annuity Highlights

NGA provides strong accumulation potential with the security of principal protection, plus return of premium features to help protect your clients’ money.1

  • Increased rates this May for contracts with no income benefit rider, featuring competitive S&P 500® indexed account options, among others

  • Seven indexed account options – three with enhanced participation rates – provide the power of choice when it comes to designing accumulation strategies2

  • Over 100% uncapped participation rate option

  • Maximum issue age of 854

  • Sunrise Smart Passage SG Indexed Accounts are proprietary, volatility-controlled, and exclusive to NGA

  • 10-year surrender charge period includes optional choice of Amplified Income or Amplified Income Plus riders that guarantee income payments for life and include features to boost potential income payments5

1Includes return of premium features upon surrender or death. Cash Surrender Value after the surrender charge period is guaranteed to be no less than premium minus prior withdrawals.

2Indexed account credits are based on a cap, participation or enhanced participation rate set at the beginning of each indexed account segment and subject to change for future segments. For indexed accounts with enhanced participation rates, currently a 1.0% annual strategy fee applies in each year of the index term (subject to change).  We may change, add or eliminate indexed accounts. Certain accounts may not be available in all states. The contract does not directly participate in any stock, bond or equity investment. Indexed account credit calculations exclude dividends.

32-Year Smart Passage SG with Enhanced Participation Rate with Annual Strategy Fee currently has a participation rate over 100% but is subject to change. The Smart Passage SG Index applies the Sunrise Crediting Method which may result in the account under performing other indexed accounts if the growth is concentrated in one or two months. For latest NGA rates, please visit salesnet.nfg.com/product-rates.

4Income Riders as well as Nursing Home and Terminal Illness Waivers are only available for issue ages 80 and below. Additional suitability criteria applies to older ages. See our pre-submission review form for replacements for clients age 81+.

5Future income provided by these riders is dependent on the annuity’s performance. Rider fees apply. If index and interest credits are less than the strategy fee the income benefit base will not be reduced but the client may experience a loss in principal if the contract and rider fees exceed the contract growth. Please see product materials or contact our sales team for details.

Important Disclosures

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 and Annuity Company and its affiliates (collectively, “Nassau”). Standard & Poor’s®, S&P 500® 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 and sublicensed for use by SPDJI and Nassau, respectively. Nassau products are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, or their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such products nor do they have any liability for any errors, omissions, or interruptions of the S&P 500 Index.

The Smart Passage SG Index (the “Index”) is the exclusive property of SG Americas Securities, LLC (SG Americas Securities, LLC, together with its affiliates, “SG”). SG has contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) (“S&P”) to maintain and calculate the Index. “SG Americas Securities, LLC”, “SGAS”, “Société Générale”, “SG”, “Société Générale Indices”, “SGI”, and “Smart Passage SG Index” (collectively, the “SG Marks”) are trademarks or service marks of SG. SG has licensed use of the SG Marks to Nassau Life and Annuity Company (“NLA”) for use in a fixed indexed annuity offered by NLA (the “Fixed Indexed Annuity”). SG’s sole contractual relationship with NLA is to license the Index and the SG Marks to NLA. None of SG, S&P or other third party licensor (collectively, the “Index Parties”) to SG is acting, or has been authorized to act, as an agent of NLA or has in any way sponsored, promoted, solicited, negotiated, endorsed, offered, sold, issued, supported, structured or priced any Fixed Indexed Annuity or provided investment advice to NLA.
No Index Party has passed on the legality or suitability of, or the accuracy or adequacy of the descriptions and disclosures relating to, the Fixed Indexed Annuity, including those disclosures with respect to the Index. The Index Parties make no representation whatsoever, whether express or implied, as to the advisability of purchasing, selling or holding any product linked to the Index, including the Fixed Indexed Annuity, or the ability of the Index to meet its stated objectives, including meeting its target volatility. The Index Parties have no obligation to, and will not, take the needs of NLA or any annuitant into consideration in determining, composing or calculating the Index. The selection of the Index as a crediting option under a Fixed Indexed Annuity does not obligate NLA or SG to invest annuity payments in the components of the Index.

THE INDEX PARTIES MAKE NO REPRESENTATION OR WARRANTY WHATSOEVER, WHETHER EXPRESS OR IMPLIED, AND HEREBY EXPRESSLY DISCLAIM ALL WARRANTIES (INCLUDING, WITHOUT LIMITATION, THOSE OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE), WITH RESPECT TO THE INDEX OR ANY DATA INCLUDED THEREIN OR RELATING THERETO, AND IN PARTICULAR DISCLAIM ANY GUARANTEE OR WARRANTY EITHER AS TO THE QUALITY, ACCURACY, TIMELINESS AND/OR COMPLETENESS OF THE INDEX OR ANY DATA INCLUDED THEREIN, THE RESULTS OBTAINED FROM THE USE OF THE INDEX AND/OR THE CALCULATION OR COMPOSITION OF THE INDEX, OR CALCULATIONS MADE WITH RESPECT TO ANY FIXED INDEXED ANNUITY AT ANY PARTICULAR TIME ON ANY PARTICULAR DATE OR OTHERWISE. THE INDEX PARTIES SHALL NOT BE LIABLE (WHETHER IN NEGLIGENCE OR OTHERWISE) TO ANY PERSON FOR ANY ERROR OR OMISSION IN THE INDEX OR IN THE CALCULATION OF THE INDEX, AND THE INDEX PARTIES ARE UNDER NO OBLIGATION TO ADVISE ANY PERSON OF ANY ERROR THEREIN, OR FOR ANY INTERRUPTION IN THE CALCULATION OF THE INDEX. NO INDEX PARTY SHALL HAVE ANY LIABILITY TO ANY PARTY FOR ANY ACT OR FAILURE TO ACT BY THE INDEX PARTIES IN CONNECTION WITH THE DETERMINATION, ADJUSTMENT OR MAINTENANCE OF THE INDEX. WITHOUT LIMITING THE FOREGOING, IN NO EVENT SHALL AN INDEX PARTY HAVE ANY LIABILITY FOR ANY DIRECT DAMAGES, LOST PROFITS OR SPECIAL, INCIDENTAL, PUNITIVE, INDIRECT OR CONSEQUENTIAL DAMAGES, EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.

No Index Party is a fiduciary or agent of any purchaser, seller or holder of a Fixed Indexed Annuity. None of SG, S&P or any third party licensor shall have any liability with respect to the Fixed Indexed Annuity in which an interest crediting option is based is on the Index, nor for any loss relating to the Fixed Indexed Annuity, whether arising directly or indirectly from the use of the Index, its methodology, any SG Mark or otherwise. Obligations to make payments under the Fixed Indexed Annuities are solely the obligation of NLA. In calculating the performance of the Index, SG deducts a maintenance fee of 0.50% per annum on the level of the Index, and fixed transaction and replication costs, each calculated and deducted on a daily basis. Because the Index can experience potential leverage up to 350%, the maintenance fee may be as high as 1.75% per year. The transaction and replication costs cover, among other things, rebalancing and replication costs. The total amount of transaction and replication costs is not predictable and will depend on a number of factors, including the performance of the index underlying the Index, and market conditions, among other factors. These fees and costs will reduce the potential positive change in the Index and increase the potential negative change in the Index. While the volatility control applied by the Index may result in less fluctuation in rates of return as compared to indices without volatility controls, it may also reduce the overall rate of return as compared to products not subject to volatility controls.

For Producer Use Only. Not for distribution to the public.

Product features, rider options, and availability may vary by state. Product sales must be appropriate based on a comprehensive evaluation of the customer’s financial situation, needs, and objectives. Guarantees are based on the claims-paying ability of the issuing Company.

Insurance Products: NOT FDIC or NCUAA Insured | NO Bank or Credit Union Guarantee.

Nassau Growth Annuity (19FIA3, ICC19FIA3, 19GLWB3, ICC19GLWB3, ICC19ECH and 19ECH) 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.

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Anthony LaRosaNassau Growth Annuity Available in New Jersey on June 1
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eApp Enhancement: Suitability Instant Decision Guarantee

Try our innovative suitability evaluation tool that makes doing business with us even easier. Integrated with our electronic application (eApp), this user-friendly enhancement saves time and provides you the confidence to proceed with your client’s annuity application.

We guarantee that in less than 5 minutes you will receive an upfront answer as to whether or not the suitability for your client’s annuity application will be approved.*

HOW IT WORKS

First, be prepared to answer streamlined, brief suitability questions about your client’s financial circumstances and objectives, then follow the steps below.

  1. Log into salesnet.nfg.com
  2. Click Submit an eApp on our eApp page
  3. Click the Suitability Instant Decision Guarantee button or submit an eApp normally
  4. Answer the suitability questions

After completion, you will receive either a suitability approval within seconds to proceed with your client’s application, or notification that one of our suitability analysts must conduct a more comprehensive review of your client’s circumstances before a decision can be provided.

Thank you for your business and we look forward to your feedback about your experience using this new enhancement.

Disclosure

For Producer Use Only. Not for distribution to the public.

*The producer is responsible for ensuring that the recommendation being reviewed is suitable for the client’s financial/insurance needs and financial objectives. For sales to consumers over age 80, a pre-issue call out from a Suitability Analyst to the client is required. All applications are subject to Nassau new business requirements. Final approval remains at the sole discretion of Nassau.

Products, rider options and other features are subject to state availability. Actual product details, including all terms and conditions that apply, are contained in the annuity contract.

Nassau, its affiliated companies, and employees do not give fiduciary, legal or tax advice.

Nassau Annuities are issued by Nassau Life and Annuity Company (Hartford, CT), except in New York where annuities are issued by Nassau Life Insurance Company (East Greenbush, NY). 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 and Nassau Life Insurance 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.

Insurance Products: NOT FDIC or NCUAA Insured | NO Bank or Credit Union Guarantee

BPD#40561

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