+10-18% Guaranteed Income on PIA and PPC

Beginning January 14, 2023, annual benefit amounts (ABAs) will increase on the income riders of Nassau Personal Income Annuity® (PIA), as well as Nassau Personal Protection Choice® (PPC), depending on age, wait, coverage option, and rider combination.¹

Transition Rules

1. Signed and dated on or before 1/13/2023 will receive the old ABA rates. This includes all applications that are currently pending.
2. Signed and dated on or after 1/14/2022 will receive the new ABA rates.

Nassau Personal Income Annuity

Income Benefit Client Scenarios²

Income Strategy: Tomorrow

Nassau Personal Protection Choice

Income Benefit Client Scenarios²

Income Strategy: Tomorrow with Care & Family Protection

Important Details

1) Increase based on Nassau product analysis using current rates, subject to change. Actual ABA percentages vary by state availability, age, wait, coverage option, and rider combo. For PPC, riders are optional and must be elected at the time of application. Riders involve an additional fee that is deducted annually from the contract value. See Rider Disclosures for details.

2) Annual benefit amounts effective January 14, 2023, subject to change. Assumptions: $100,000 premium, single option, no prior withdrawals taken. 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. For Nassau Personal Income Annuity, the Income Strategy rider involves an annual fee of 0.95% of the Income Benefit Base, deducted from the contract value and subject to change. For Nassau Personal Protection Choice, the fee for Income, Care and Family Protection is 1.15% of the Income Benefit Base, deducted from the contract value and subject to change. Care Protection benefit is not available in CA. 

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 Personal Income Annuity (19FIA, ICC19EIAN, 19ISN, 19GLWB2, ICC19GLWB2.1, ICC19GLWB2.2), and Nassau Personal Protection Choice (19FIA, ICC19EIAN, 19RN, 19GLWB2, 19GMDB-S.1, 19EWB, ICC19GLWB2.1, ICC20EWB.1, et al.) 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 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.

BPD41211