NASSAU SALES NEWS
A Growth Story as Strong as Californian Sequoias
Our full suite of fixed and fixed indexed annuities will be available for sale in California beginning May 18, 2024. Nassau Bonus AnnuitySM, Nassau MYAnnuity® and Nassau Simple Annuity will join already-available Nassau Growth Annuity® to provide a comprehensive suite of powerful accumulation-oriented solutions to your Californian clients.
Hear more about Nassau Bonus Annuity in CA at our upcoming webinar on May 29. Register now →
Up to a 10% Premium Bonus with Nassau Bonus Annuity*
Nassau Bonus Annuity (NBA) is a single premium fixed indexed annuity with a 10% guaranteed upfront premium bonus (7% for ages 81-85), robust growth potential, and options for generating future income. In California, NBA will be a Group C state for surrender charge schedules and crediting rates for new business.
1-year S&P 500 Cap Rate:**
9.50%
1-Year Fixed Account Rate:**
3.65%
* Bonus percentage is 7% for issue ages 81-85. Products offering a bonus may offer less favorable credited interest rates, participation, and cap rates than products not offering a bonus. The bonus is subject to a vesting schedule and is not immediately available for withdrawal. View the Product Disclosure for details.
** Rates effective for Nassau Bonus Annuity in California as of May 18, 2024. Account rates are set at the beginning of each account segment and subject to change for future segments. 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.
Consistently Competitive MYGAs You Can Count On
Our Multi-Year Guaranteed Annuities (MYGAs) offer guaranteed interest rates in either 5 or 7 year contracts with Nassau MYAnnuity or 4 or 6 year contracts with Nassau Simple Annuity. Both MYGAs will have distinct surrender charge schedules in California.
Nassau MYAnnuity 5X*
0% Free Withdrawal Amount
5.70%
10% Free Withdrawal Amount
5.50%
Nassau MYAnnuity 7X*
0% Free Withdrawal Amount
5.75%
10% Free Withdrawal Amount
5.55%
Nassau Simple Annuity
6 Year Guaranteed Period with 5% Free Withdrawal Amount
5.70%
4 Year Guaranteed Period with 5% Free Withdrawal Amount
5.45%
*Rates vary by contract duration and free withdrawal amount. Rates are effective May 18, 2024 and subject to change. Current rates are posted here.
Important 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, ICC19FIA3N), Nassau Bonus Annuity (19FIA3, ICC19FIA3,19GLWB3, ICC19GLWB3.1), Nassau MYAnnuity 5X/7X (18IFDAP and ICC18IFDAP/ICC18IFDANP) and Nassau Simple Annuity (18FADTCP and ICC18FADTCP) 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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