Annual Benefit Amount (ABA) Updates Effective Jan. 13

Beginning January 13, 2024, we’re updating the ABAs on the income riders of Nassau Personal Income Annuity® (PIA) and Nassau Personal Protection Choice® (PPC).

• For Income Strategy: Today on both products, ABAs will increase by 2-10% for all waits.¹
• For Income Strategy: Tomorrow on both products, ABAs will increase by 6-8% up to wait 10 years. For wait 11+ years, ABAs will change by -11 to +16%, depending on age, wait, coverage option, and rider combination.¹

Transition Rules

1. Applications signed and dated on or before 1/12/2024 will receive the old ABA rates. This includes all applications that are currently pending.
2. Applications signed and dated on or after 1/13/2024 will receive the new ABA rates.

Nassau Personal Income Annuity

Income Strategy: Today

Waits 0-10: +5 to +10%
Waits 11+: +2 to +8%

Income Strategy: Tomorrow

Waits 0-10: +6 to +8%
Waits 11+: -11 to +16%

Income Strategy: Today Client Scenarios²

Nassau Personal Protection Choice

Income Strategy: Today

Waits 0-10: +5 to +10%
Waits 11+: +2 to +8%

Income Strategy: Tomorrow

Waits 0-10: +6 to +8%
Waits 11+: -11 to +16%

Income Strategy: Tomorrow with Care and Family Protection Client Scenarios²

Important Details

1. ABA changes based on Nassau product analysis using current rates. 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 13, 2024. 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 or MD.

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.

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