Starting June 1, Annual Benefit Amounts (ABAs) on Amplified Income and Amplified Income Plus riders on Nassau Growth Annuity are decreasing. Additionally, the ABAs for Nassau Growth Annuity will be based on the rider option selected (Single Life or Spousal Life), as well as the issue age and attained age of the Youngest Covered Person at the time of rider exercise, consistent with the rest of Nassau’s FIA portfolio.

Transition Rules

Nassau Growth Annuity applications that are:

• Signed and dated on or before 5/31/2022 and received on or before 6/3/2022 will receive the old ABA rates. This includes all applications that are currently pending.
  • All Transfer Funds must be received at Nassau by 8/1/2022 to get the old ABA rates. If funds are received after 8/1/2022, an Acknowledgement Form and an Index Annuity Rider disclosure signed by the client and the producer will be required.

• Signed and dated on or after 6/1/2022 will receive the new ABA rates.
  • If an application in this category includes an old Rider Disclosure, an Acknowledgement Form and an Index Annuity rider disclosure signed by the client and the producer will be required.

• Received after 6/3/2022 will receive the new ABA rates regardless of when they were signed.
  • If an application was also signed 5/31/2022 OR if an old rider disclosure is submitted, an Acknowledgement Form and an Index Annuity Rider disclosure signed by the client and the producer will be required.

Mailing Addresses

U.S. Mail
Nassau
P.O. BOX 22012
Albany, NY 12201-2012

Overnight
15 Tech Valley Dr.
Suite 201
East Greenbush, NY 12061

Disclosures

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

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. Product sales must be appropriate based on a comprehensive evaluation of the customer’s financial situation, insurance needs, and objectives. Guarantees are based on the claims-paying ability of the issuing company. Nassau reserves the right to revise declared rates at any time.

Nassau, its affiliated companies, and employees do not give fiduciary, legal or tax advice.
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 and NY, but that is subject to change. Nassau Life and Annuity Company is a subsidiary of Nassau Financial Group.

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

BPD#40953