NASSAU SALES NEWS
We’re excited to launch two new rider options on Nassau Growth Annuity: Amplified Income with Rising Income Opportunity (RIO) and Amplified Income Plus with RIO. Your client can now select one of four guaranteed lifetime income riders with NGA’s 10 Year/10% Free Withdrawal annuity contract to build on the growth of their contract for their future income needs.
The Amplified Income with RIO or the Amplified Income Plus with RIO riders offer the opportunity for income payments to increase after rider exercise. These riders provide a lower initial income benefit compared to the Amplified Income and Amplified Income Plus riders, but have the opportunity to receive potentially higher income payments in the future based on the contract’s performance.
Comparison Grid¹
| 150% Annual Performance-Based Growth | Steady Income or Rising Income Opportunity² | Guaranteed Growth with 3% Annual Roll-Ups³ | Annual Rider Fee⁴ | |
| Amplified Income | Yes | Steady | None | 0.25% |
| Amplified Income with RIO | Yes | Rising Income Opportunity | None | 0.25% |
| Amplified Income Plus | Yes | Steady | Yes | 0.95% |
| Amplified Income Plus with RIO | Yes | Rising Income Opportunity | Yes | 0.95% |
Supplemental Training Guide
Producers who previously completed NGA training do not have to re-take the NGA course, but prior to solicitation, are required to review a supplemental training guide related to the new NGA riders. Review the supplement →
Which Rider May Be Best for Your Client’s Goals?
Answer Two Questions.
Steady or rising income?²
Guaranteed income payments begin when your client exercises their rider.⁵ Would your client prefer consistent payment amounts, or the opportunity for their income payment to grow over time?
Steady Income: Income payments will remain the same each year for life, and will be higher than rising income opportunity initial income payments.⁶
Rising Income Opportunity: Your client’s income benefit base has the potential to grow based on contract performance until year 15, regardless of when the rider is exercised.
Performance-Based Growth or Performance-Based Growth PLUS Guaranteed Growth?³
All of NGA’s rider options have the potential to grow your client’s income based on the performance of their contract. Would you prefer that their future income grows based on the annuity’s performance or would you like to ensure their future income grows each year they wait to take guaranteed income payments, regardless of the annuity’s performance?
Performance-Based Growth – Your client’s income payments may grow based on the contract’s performance (interest and index credits).
Performance-Based Growth Plus Guaranteed Growth – Your client’s income payments may grow through a combination of the contract’s performance and a 3% guaranteed simple interest roll-up.
Toggle over your answers to reveal which rider may be the best fit for your client.
Amplified Income Plus with RIO
Rising Income with Performance-Based & Guaranteed Growth
Amplified Income with RIO
Rising Income with Performance-Based Growth
Amplified Income Plus
Steady Income with Performance-Based & Guaranteed Growth
Amplified Income
Steady Income with Performance-Based Growth
Important Notes
The income benefit base is not a guarantee of contract value and not available for withdrawal. The income benefit base is a calculated value used solely to determine the guaranteed lifetime income payment and rider fee and is not available for withdrawal. Before rider exercise, all withdrawals, including free withdrawals and Required Minimum Distributions (RMDs), are taken from the annuity’s contract value and will also reduce the Income Benefit Base in proportion to the reduction in contract value. After exercising the rider, withdrawals in excess of the guaranteed lifetime income amount or RMD associated with the contract, whichever is greater, will reduce the Income Benefit Base and future guaranteed income payments in proportion to the reduction in contract value.
1. Riders are only available for issue ages 80 and below and must be elected at the time of application. Amplified Income and Amplified Income Plus riders are currently not available in California. Additional state variations may apply. For all riders, on each contract anniversary 150% of the contract’s growth, net of strategy fees, will be added to the income benefit base. For the Amplified Income and Amplified Income Plus riders, this roll-up ends after 15 years or until rider exercise, whichever comes first. For the Amplified Income with RIO and Amplified Income Plus with RIO riders, this roll-up ends after 15 years, regardless of when the rider is exercised. See Rider Disclosures for details.
2. Future income provided by these riders is dependent upon the annuity’s performance. If interest and index credits are less than indexed account strategy fees, the income benefit base will not be reduced.
3. The income benefit base will grow at an annual rate equal to 3% of the initial income benefit base, adjusted for any withdrawals, for up to 15 years or until rider exercise (if sooner).
4. The amount deducted for the rider fee will grow as the income benefit base grows. The rider fee percentage is subject to change after the 15th contract year, up to the maximum set forth in the contract.
5. Guaranteed income payments are taken from the contract value. Over time, the contract value could be withdrawn entirely, leaving no death benefit. However, guaranteed income continues for life if certain conditions are met. See Rider Disclosures for details.
6. Steady income assumes no withdrawals other than income withdrawals are taken.
Disclosures
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 connection with the sale or service of its contracts.
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. BPD40800
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