NASSAU SALES NEWS
We’re excited to announce an increase to the payout percentages on PIA’s income riders. Beginning June 1, 2022, income will increase on Income Strategy: Today and Income Strategy: Tomorrow by 6% for all ages. Updated PIA marketing materials will be available to order on June 1.
| Old Income | Enhanced Income |
| Age 60, wait 5: $7,174 | Age 60, wait 5: $7,599 |
| Age 65, wait 0: $5,473 | Age 65, wait 0: $5,798 |
| Age 70, wait 2: $7,076 | Age 70, wait 2: $7,497 |
| Age 72, wait 5: $9,197 | Age 72, wait 5: $9,741 |
Assumes single rider option, an initial premium of $100,000, and no withdrawals. Waits two years and under are for Income Strategy: Today. Five year waits are for Income Strategy: Tomorrow. These are hypothetical examples and are not a promise or projection of future returns. Annual guaranteed income benefit is determined by multiplying the Benefit Base by a withdrawal factor at rider exercise. Income Strategy rider involves an annual fee of 0.95% of the Income Benefit Base, deducted from the contract value and is subject to change.
Transition Rules
Personal Income Annuity applications that are:
- Signed and dated on or before 5/31/2022 will receive the old ABA rates. This includes all applications that are currently pending.
- Signed and dated on or after 6/1/2022 will receive the new ABA rates.
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) and Nassau Personal Income Annuity (ICC19EIAN,19FIA, 19ISN, 19GLWB2) are 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
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