Effective October 19, 2024, we’re making reductions to income benefits due to recent interest rate decreases.

• We will be reducing the annual benefit amount percentages by 4-5% on the income riders available with Nassau Income Accelerator (NIA), Nassau Personal Protection Choice® (PPC), and Nassau Personal Income Annuity® (PIA). These reductions apply to future new business sold for both single and spousal rider options.¹
• The Maximum Early Income Percentage and Lifetime Adjustment Factor for the Flex-Forward Income Benefit℠ rider available with NIA are also changing and will result in a decrease to the income benefits provided.

Transition Rules

NIA, PIA and PPC applications that are:

Signed and dated on or before 10/18/2024 and received on or before 10/22/2024 will receive the old ABA rates, Maximum Early Income Percentages and Lifetime Adjustment Factors. This includes all applications that are currently pending.

• All Transfer Funds must be received at Nassau by 12/20/2024 to get the old ABA rates, Maximum Early Income Percentages and Lifetime Adjustment Factors.
• If funds are received on or after 12/21/2024, an Acknowledgment form accompanied with the new ABA Appendices and signed by the producer and client will be required, and the client will receive the new rates.

Signed and dated on or after 10/19/2024 will receive the new ABA rates, Maximum Early Income Percentages and Lifetime Adjustment Factors.

Important Details

1. Maximum Early Income Percentage, Lifetime Adjustment Factors, and actual ABA percentages can vary by age, wait, coverage option, and rider selection. 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.

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 Income Accelerator (19FIA, ICC19EIAN, 19ISN, 19GLWB2, 22GLWB, 22GLWB1.1, 23GLWB2.1, ICC22GLWB1.1, ICC23GLWB2.1, et al.), 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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