October 2022

2023 Dividend Scale

We are changing the policy dividend scale for all “closed block” participating policies purchased before the June 2001 demutualization of Phoenix Life Insurance Company (now Nassau Life Insurance Company), effective January 1, 2023. The 2023 dividend scale will incorporate a 0.50% (50 bps) dividend interest rate increase across all products, driven by strong investment performance.

As a result, most policyholders will see an increase to the dividend paid in 2023 compared to the dividend paid in 2022, reflecting this higher rate as well as growth in the value of their policy.

We are also making adjustments to the mortality component of dividends to reflect recent experience.  As always, the amount of dividend paid is based on a number of factors including product type, age at issue, length of time the policy has been in force, gender, and health when the policy was issued. Some policyholders will see a decrease for reasons including mortality, loan balances or loan interest rates that affect the size of the dividend paid. However, a policy’s 2023 dividend will be at least equal to 75% of the 2022 dividend, prior to loan adjustments.

We are also making similar changes to the dividend scale for the participating policies in the “open block” (purchased after demutualization).

Please note that when we changed the name of Phoenix Life Insurance Company to Nassau Life Insurance Company, the company name is the only thing that changed. All policy terms, including terms and conditions for dividend-eligible policies, remain the same, and the closed block continues to be managed in accordance with the original Plan of Demutualization.

If you have any questions about your policy, please contact the Nassau Service Center Team at 1-800-628-1936.

Other Important Information:

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Increased MYGA Rates, Even Easier to Sell

Increased MYGA Rates – Effective October 17, 2022

      Product
Rates Up To

⬆️  Nassau MYAnnuity® 5X

5.10%¹

⬆️  Nassau MYAnnuity 7X

5.20%¹

⬆️  Nassau Simple Annuity - 4yr

4.85%²

⬆️  Nassau Simple Annuity - 6yr

5.10%²

">

⬆️  Nassau MYAnnuity 5X in NY

4.80%¹

It’s Even Easier to Sell Our MYGAs

New guaranteed periods available on our mobile website.

At Nassau, we strive to help you submit your business, your way. On Sept. 30, Nassau launched Nassau MYAnnuity® 5X/7X on our mobile website, unlocking a digital-first experience for all of our MYGAs.

Through our digital sales program, quickly and easily receive your shareable code/link that enables clients to apply on our mobile website in just fifteen minutes from any device. Here are just a few ways to unlock the power of your shareable code/link:

  • Embed our pre-approved banner ads on your website
  • Reengage prospects with email templates
  • Launch a digital ad campaign with our marketing assets
  • Conduct a virtual meeting and help your client apply from anywhere
New MYGA marketing materials

Marketing Campaigns*

It’s faster and easier than ever to launch client-approved marketing campaigns with our custom ads, web banners, and emails.

MYGA Quote Tool on SalesNet

New MYGA Quote Tool*

Quickly and easily share the power of our strong guaranteed interest rates with our new, sleek MYGA quote tool on Salesnet.

1. Clients have a choice of 10% Free Withdrawal Amount or No Free Withdrawal Amount. Election must be made at issue. Rates shown are for contracts with no free withdrawals and are different for contracts with 10% free withdrawals. New rates are posted here, effective October 17, 2022, and subject to change. Nonqualified funds and Traditional IRAs only in New York (Roth, SEP, or SIMPLE IRAs are not approved in New York).

2. Rates shown include 5% Free Withdrawal Amount. New rates are posted here, effective October 17, 2022, and subject to change.

Disclosures

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. Nassau does not provide financial, investment or tax advice or act as a fiduciary in the sale or service of its products. Lifetime payments and guarantees are based on the claims-paying ability of the issuing company. Nassau reserves the right to revise declared rates at any time.

Nassau MYAnnuity 5X/7X (18IFDAP and ICC18IFDAP/ICC18IFDANP) and Nassau Simple Annuity (18FADTCP and ICC18FADTCP) single premium deferred fixed annuities 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. In New York, Nassau MYAnnuity 5X (Form17IMGA) single premium deferred fixed annuities are issued by Nassau Life Insurance Company (East Greenbush, NY). 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#41110

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Anthony LaRosaIncreased MYGA Rates, Even Easier to Sell
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Inside the Nasdaq-100®

Sara Mehle, ESG Index Strategist on Nasdaq’s Index R&D team, joined our recent National Webinar to talk about the Nasdaq-100 Index. Check out these videos to find out more!

The Nasdaq-100 Index: An Overview

The disruptors, the game changers, the forward thinkers. Companies that influence our lives daily, in multiple areas.

Volatility and the Nasdaq-100

The Nasdaq-100 and the S&P 500® have had similar volatility over the last 15-plus years.

The Nasdaq-100 and Longer-Term Trends

How is the Nasdaq-100 positioned in an environment of higher inflation and higher interest rates?

More on the Nasdaq-100 and Rising Interest Rates

With aggressive rate tightening by the Federal Reserve, will top Nasdaq-100 companies remain competitive.

What’s Next for the Nasdaq-100

A thematic index with meaningful exposure to a host of new economy sectors.

Disclosures

Nasdaq® is a registered trademark of Nasdaq, Inc. The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Neither Nasdaq, Inc.  nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding Nasdaq-listed companies or Nasdaq proprietary indexes are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.

As to Nasdaq content/properties, © 2022. Nasdaq, Inc. All Rights Reserved.

Nasdaq® and the Nasdaq-100® Index are registered trademarks of Nasdaq, Inc. (which with its affiliates is referred to as the “Corporations”) and are licensed for use by Nassau Life and Annuity Company. The Product(s) have not been passed on by the Corporations as to their legality or suitability. The Product(s) are not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE PRODUCT(S).

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”) 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, 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.

For Producer Use Only. Not for use in solicitation or advertising 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, investment or tax advice or act as a fiduciary in the sale or service of its products.

Nassau Growth Annuity (19FIA3, ICC19FIA3), Nassau Personal Income Annuity (ICC19EIAN,19FIA,19ISN), Nassau Personal Protection Choice (ICC19EIAN, 19FIA) and Nassau Personal Retirement Choice (19FIA, ICC19EIAN, 19ISB) single premium deferred fixed indexed annuities 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

BPD41114

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FIA and MYGA Rates Update for October 2022

Increased Nassau Growth Annuity® Rates For All Contracts

Effective Oct. 1, we are raising rates for all indexed accounts available with Nassau Growth Annuity 7- and 10-year (9 years in CA) surrender charge schedule contracts.¹

Rates for our other fixed indexed annuities and multi-year guarantee annuities are unchanged.

      Nassau Growth Annuity®
Rates Up To

⬆️  1 Year S&P 500® Cap

8.00%¹

⬆️  2-Year S&P 500 Par

52%¹

⬆️  2-Year Nasdaq-100® Par w/ Fee

54%¹

⬆️  Fixed Account

3.70%¹

Our Strong MYGA Rates Remain Consistent

We continue to offer competitive multi-year guarantee annuity rates across 4-, 5-, 6- and 7-year durations, offering your clients a range of options and potential laddering strategies for their retirement savings.

Nassau MYAnnuity® 5X in New York is also now eligible for Traditional IRAs as premium payment options.²

Product
Rates Up To

Nassau MYAnnuity® 5X

4.75%³

Nassau MYAnnuity 7X

4.85%³

Nassau Simple Annuity - 4yr

4.60%⁴

Nassau Simple Annuity - 6yr

4.75%⁴

">

Nassau MYAnnuity 5X in NY

4.25%⁵

Find Out More

Specific product rates are available by clicking the links below.

Nassau Growth Annuity
Nassau Personal Income Annuity
Nassau Personal Protection Choice
Nassau Personal Retirement Choice
Nassau MYAnnuity 5X/7X
Nassau Simple Annuity

Feel free to bookmark our Annuity Rates Page to reference the current month’s rates and check back anytime. For questions, please call us at 888-794-4447 (option 1) or contact us online.

Best regards,

The Annuity Sales Desk
888-794-4447
nfg.com/contact-service.html

Important Details & Disclosures

1. Rates effective October 1, 2022 on contracts with 10-year surrender charge schedule in Group A states only. Indexed 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 1.00% annual strategy fee applies in each year of the index term (subject to change). Dividend payments and distributions are not received from any index. While the value of each indexed account is affected by the value of an outside index, the contract does not directly participate in any stock, bond or equity investment. We may change, add or eliminate indexed accounts. Multi-year accounts are not available in New Hampshire. Other state variations may apply. Fixed accounts are available for a 1-year segment duration and rates are subject to change at the beginning of each new segment.

2. Nonqualified funds and Traditional IRAs only in NY. Roth, SEP, or SIMPLE IRAs are not approved.

3. Clients have a choice of 10% Free Withdrawal Amount or No Free Withdrawal Amount. Election must be made at issue. Rates shown are for contracts with no free withdrawals and are different for contracts with 10% free withdrawals. New rates are posted here, effective October 1, 2022, and subject to change. Rates not applicable to contracts in NY.

4. Rates shown include 5% Free Withdrawal Amount. New rates are posted here, effective October 1, 2022, and subject to change.

5. Clients have a choice of 10% Free Withdrawal Amount or No Free Withdrawal Amount. Election must be made at issue. Rates shown are for contracts with no free withdrawals and are different for contracts with 10% free withdrawals. New rates are posted here, effective October 1, 2022, and subject to change.

Nasdaq® and Nasdaq-100® are registered trademarks of Nasdaq, Inc. (which with its affiliates is referred to as the “Corporations”) and are licensed for use by Nassau. The Product(s) have not been passed on by the Corporations as to their legality or suitability. The Product(s) are not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE PRODUCT(S).

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.

For Producer Use Only. Not for use with the general public or consumers as sales literature.

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, investment or tax advice or act as a fiduciary in the sale or service of its products. Nassau reserves the right to revise declared rates at any time.

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

Nassau Growth Annuity (19FIA3, ICC19FIA3), Nassau Personal Income Annuity (ICC19EIAN,19FIA and19ISN), Nassau Personal Protection Choice (ICC19EIAN, 19FIA and 19RN), and Nassau Personal Retirement Choice (19FIA, ICC19EIAN, 19ISB) single premium deferred fixed indexed annuities, and Nassau MYAnnuity 5X/7X (ICC18IFDAP, 18IFDAP) and Nassau Simple Annuity (18FADTCP and ICC18FADTCP) single premium deferred fixed annuities 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. In New York, Nassau MYAnnuity 5X (Form17IMGA) single premium deferred fixed annuities are issued by Nassau Life Insurance Company (East Greenbush, NY). 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.

BPD41069

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Nicholas BreniaFIA and MYGA Rates Update for October 2022
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