News

Take a Look at Nassau’s Enhanced E-App

At Nassau, we strive to make your experience submitting new business with us as easy and efficient as possible. This September 30, we will launch a series of digital enhancements to help you submit your business, your way—including enhancements to our eApp.

Watch Ericka Krueger, business systems analyst, review eApp enhancements.

Sleek, Modern Design

eApp will look and feel more like the online forms you fill out in your daily life.

Clear, Concise Fields

Based on your responses, eApp will remove irrelevant fields.

Fast Submits 

By keeping your focus solely on the fields that require answers, eApp will help mitigate errors, reduce NIGOs, and save you time.

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. Lifetime payments and guarantees are based on the claims-paying ability of the issuing company. 

Nassau 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#41089

© 2022 Nassau

No comments
Anthony LaRosaTake a Look at Nassau’s Enhanced E-App
read more

Income Climbs Toward New Peaks

Beginning September 12, 2022, we’re excited to announce annual benefit amount (ABA) increases to the income riders of select fixed indexed annuity (FIA) products. Want to learn more? Register for our Sept. 13 webinar!

      FIA
ABA Increases Up To*

⬆️  Nassau Personal Income Annuity®

19%

⬆️  Nassau Personal Protection Choice®

24%

⬆️  Nassau Growth Annuity®**

6%

Transition Rules

  1. Signed and dated on or before 9/11/2022 will receive the old ABA rates. This includes all applications that are currently pending.
  2. Signed and dated on or after 9/12/2022 will receive the new ABA rates.

Nassau Personal Income Annuity

+11-14%*

Income Strategy: Today

+5-19%*

Income Strategy: Tomorrow

Income Benefit Client Scenarios¹

Income Strategy: Tomorrow

Age / Wait

Old Income

New Income

Increase

Increase YTD

60 / 10

$11,184

$13,320

19.1%

26.1%

65 / 5

$8,466

$9,911

17.1%

24.0%

70 / 5

$9,401

$10,999

17.0%

23.9%

Nassau Personal Protection Choice

+17-22%*

Income Strategy: Today with Care & Family Protection

+8-23%*

Income Strategy: Tomorrow with Care & Family Protection

Income Benefit Client Scenarios¹

Income Strategy: Tomorrow with Care & Family Protection

Age / Wait

Old Income

New Income

Increase

60 / 10

$9,864

$12,072

22.4%

65 / 5

$7,480

$8,976

20.0%

70 / 5

$8,313

$9,962

19.8%

Nassau Growth Annuity

+6%*

Amplified Income with Rising Income Opportunity (RIO)²

+3%*

Amplified Income Plus with Rising Income Opportunity (RIO)²

Important Details

*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. Nassau Personal Protection Choice’s Care Protection benefit is not available in California.

**For Amplified Income with RIO and Amplified Income Plus with RIO only.

1) Annual benefit amounts effective September 12, 2022, 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.

2) Amplified Income with RIO and Amplified Income Plus with RIO are only available for issue ages 80 and below. On each contract anniversary 150% of the contract’s growth, net of strategy fees, will be added to the Benefit Base. Roll-ups end after 15 years. The Benefit Base is a calculated value used only to determine rider benefits and fees. It does not guarantee contract value and is not available for withdrawal. Riders involve an additional fee that is based on a percentage of the Benefit Base and is deducted annually from the contract’s accumulation value. For Amplified Income with RIO, the fee is 0.25%. For Amplified Income Plus with RIO, the fee is 0.95%. See Product and Rider Disclosures for more information.

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. 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 Growth Annuity (19FIA3, ICC19FIA3, 19GLWB3, 19ECH), Nassau Personal Income Annuity (19FIA, ICC19EIAN, 19ISN, 19GLWB2), and Nassau Personal Protection Choice (19FIA, ICC19EIAN, 19RN, 19GLWB2,19GMDB-S.1, 19EWB) single premium 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

BPD#41080

No comments
Anthony LaRosaIncome Climbs Toward New Peaks
read more

Reminder: Nassau Advertising Policy

Nassau provides appointed producers with a library of marketing materials that are approved for use with clients. All materials not produced by Nassau that mention our name, products or services in any way must be approved by Nassau’s Compliance Department before use, including marketing, advertising, training, or other materials. Failure to comply with this requirement may result in the termination of your right to sell Nassau products.

We appreciate your continued efforts to help Nassau comply with regulatory requirements.

Disclosures

For Producer Use Only. Not for distribution to the public.

Annuities are issued by Nassau Life and Annuity Company (Hartford, CT) except in New York where annuities are issued by Nassau Life Insurance Company (East Greenbush, NY). In California, Nassau Life and Annuity Company does business as “Nassau Life and Annuity Insurance Company.” Medicare Supplement insurance is offered by Nassau Life Insurance Company of Kansas (Overland Park, KS). Products may not be available in all areas and are subject to state approval. Nassau Life and Annuity Company, Nassau Life Insurance Company and Nassau Life Insurance Company of Kansas are subsidiaries of Nassau Financial Group. The insurers are separate entities and each is responsible only for its own financial condition and contractual obligations. BPD41073

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

No comments
Anthony LaRosaReminder: Nassau Advertising Policy
read more

FIA and MYGA Rates Update for September 2022

Increased Nassau Growth Annuity® Rates For All Contracts

Effective Sept. 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

7.25%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

4.55%³

Nassau MYAnnuity 7X

4.65%³

Nassau Simple Annuity - 4yr

4.35%⁴

Nassau Simple Annuity - 6yr

4.55%⁴

">

Nassau MYAnnuity 5X in NY

4.20%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 September 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 September 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 September 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 September 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

No comments
Anthony LaRosaFIA and MYGA Rates Update for September 2022
read more

MYAnnuity in NY: Qualified Funds Approved

Beginning August 22, 2022, Nassau MYAnnuity® 5X in NY will be eligible for Traditional IRAs in addition to nonqualified funds as premium payment options.

0% Free Withdrawal*

4.20%

10% Free Withdrawal*

4.00%

*Roth, SEP, or SIMPLE IRAs not approved.  Clients have a choice of 10% Free Withdrawal Amount or No Free Withdrawal Amount. Election must be made at issue. Rates are posted here, effective August 1, 2022, and subject to change.

Disclosures

For Producer Use Only. Not for use in solicitation or advertising 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.

In New York, Nassau MYAnnuity 5X (Form 17IMGA), a single premium deferred fixed annuity, is issued by Nassau Life Insurance Company (East Greenbush, NY). Nassau Life Insurance Company is a subsidiary of Nassau Financial Group.

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

BPD#41053

No comments
Anthony LaRosaMYAnnuity in NY: Qualified Funds Approved
read more

New Business Email Enhancements

At Nassau, we’re continually innovating new ways to provide you and your clients the best in class service you deserve. Beginning August 26, 2022, the look and feel of our New Business email alerts will be upgraded to keep your focus on what matters most in issuing contracts quickly and effectively with Nassau:

  • Contemporary Designs
  • Optimized for Any Device
  • Additional Case Details

If you have any questions or feedback, please reach out to our New Business team at 1-800-417-4769 opt 2, opt 1. It’s just another way we’re Working Harder to be Your Carrier of Choice.

 

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, its affiliated companies, and employees do not give fiduciary, legal or tax advice.

Nassau annuities are issued by Nassau Life and Annuity Company (Hartford, CT) except in New York where annuities are issued by Nassau Life Insurance Company (East Greenbush, NY). 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 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#41052

No comments
Anthony LaRosaNew Business Email Enhancements
read more

The State of the Economy with David Czerniecki

Inflation, war, and the risk of a recession are weighing heavily on everyone’s mind. In this episode of That Annuity Show, David Czerniecki, Chief Investment Officer for Nassau Financial Group shares his perspective on the current state of the economy.

Listen to and Share the Podcast

Content Highlights with Timing

1:50 – Rising Interest Rates
4:10 – Early Warning Signs of a Recession?
5:58 – Gas Prices Peaking?
8:14 – Oil
9:41 – Rates Going Up Fast Enough to Offset Inflation for Seniors?

Audio Snippet for Marketing

We have pulled a short audio snippet that you can use on social media, emails, or your website to create engagement and help generate leads. We created two formats – a tall one for Facebook and Instagram reels and a square one for LinkedIn, Facebook, and Instagram posts. Using them is simple:

  1. Download the videos to your computer or phone.
  2. Upload the videos to your favorite site.
  3. In the comments or description sections, tell people to contact you for more information.

Inflation and Rising Interest Rates

In order to get inflation under control, and it has been persistent, the market is starting to really believe that the Fed’s going to need to push rates up quite a bit. This is just a step in the process, and the Fed’s own targets are probably lower than what the market is anticipating. The risk in doing so will help to stop inflation or put the brakes on, but it may also come at the cost of economic growth and, in fact, may lead to a recession.

IMPORTANT DISCLOSURES

For informational purposes only. Not intended as financial advice. 

This information is provided by Nassau solely for educational purposes. It is not meant to provide financial or investment advice tailored to you in any way and you are encouraged to consult a financial advisor for guidance. Do not rely on information in this communication to make financial decisions. Nassau does not provide individual tax, financial or investment advice or act as a fiduciary in the sale or service of insurance contracts. 

Product features, rider options, and availability may vary by state. Annuities are long-term insurance contracts and are not suitable to meet short-term financial goals. Early withdrawals may be subject to surrender charges and a market value adjustment. Withdrawals are subject to ordinary income tax, and if taken prior to age 59½, a 10% IRS penalty may also apply. Guarantees are based on the claims-paying ability of the issuing company. See Product Disclosures for details. 

Nassau fixed and fixed indexed annuities (18IFDAP, 18FADTCP, ICC18IFDAP/ICC18FADTCP, 19FIA, 19FIA3 et al.) are issued by Nassau Life and Annuity Company (Hartford, CT), except in New York where fixed annuities (I7IMGA) are issued by Nassau Life Insurance Company (East Greenbush, NY). 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 and Nassau Life Insurance Company are subsidiaries of Nassau Financial Group. The insurers are separate entities 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.

BPD #41083

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

 

No comments
Anthony LaRosaThe State of the Economy with David Czerniecki
read more

Reminder: New Reg #275 Disclosure Requirements

The revised Suitability in Annuity Transactions Model Regulation requires producers to sign and deliver to the client a new “Insurance Agent (Producer) Disclosure for Annuities” form at the time of recommendation or sale. Producers are also required to retain a copy of the disclosure signed by the producer and the client.

In states that have adopted the new model regulation (or similar regulations), producers are required to indicate on Nassau’s Annuity Suitability Questionnaire that the new disclosure form has been provided to the client. Nassau does NOT require the form to be submitted with new applications. However, we are randomly sampling applications to ensure compliance and will ask producers to provide a copy of the signed disclosure upon request.

We appreciate your assistance in helping Nassau comply with these new regulatory requirements.

Disclosures

Featured map includes state details valid as of June 17, 2022. For informational purposes only. Not intended as legal advice.

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, its affiliated companies, and employees do not give fiduciary, legal or tax advice.

Nassau annuities are issued by Nassau Life and Annuity Company (Hartford, CT) except in New York where annuities are issued by Nassau Life Insurance Company (East Greenbush, NY). 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 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#41004

No comments
Anthony LaRosaReminder: New Reg #275 Disclosure Requirements
read more

July 2022 MYGA Rates Are Heating Up

Increased MYGA Rates

Increased Rates on Select Accounts for NGA and PPC

We are also increasing rates on select accounts for Nassau Growth Annuity® and Nassau Personal Protection Choice®, including:

  • 1-Year S&P 500® cap rates
  • All 1- and 2-Year Sunrise Smart Passage SG accounts
  • All fixed account rates

Lower Spread Rates on CS Tactical Multi Asset Index Accounts for PPC

We are lowering the spread rate on 1- and 2-year CS Tactical Multi Asset Index accounts offered with Nassau Personal Protection Choice.

Decreased Rates on Select Accounts for NGA

We are decreasing rates on 1- and 2-year S&P 500 and Nasdaq-100® enhanced participation rate accounts on the Nassau Growth Annuity 10-year (9 years in CA) surrender charge period contract.

Rates for our other fixed indexed annuities are unchanged. Specific product rates are available by clicking the links below.


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

* Rates vary by product, contract duration and Free Withdrawal Amount or No Free Withdrawal Amount.

1. Nonqualified funds only in NY. 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 July 1, 2022, and subject to change.

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

Disclosures

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.

Selected Risk Considerations for the Smart Passage SG Index:

The Smart Passage SG Index (the “Index”) is the exclusive property of SG Americas  Securities, LLC (SG Americas Securities, LLC, together with its affiliates, “SG”). SG has contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) (“S&P”) to maintain and calculate the Index. “SG Americas Securities, LLC”, “SGAS”, “Société Générale”, “SG”, “Société Générale Indices”, “SGI”, and “Smart Passage SG Index” (collectively, the “SG Marks”) are trademarks or service marks of SG. SG has licensed use of the SG Marks to Nassau Life and Annuity Company (“NLA”) for use in a fixed indexed annuity offered by NLA (the “Fixed Indexed Annuity”). SG’s sole contractual relationship with NLA is to license the Index and the SG Marks to NLA. None of SG, S&P or other third party licensor (collectively, the “Index Parties”) to SG is acting, or has been authorized to act, as an agent of NLA or has in any way sponsored, promoted, solicited, negotiated, endorsed, offered, sold, issued, supported, structured or priced any Fixed Indexed Annuity or provided investment advice to NLA.

No Index Party has passed on the legality or suitability of, or the accuracy or adequacy of the descriptions and disclosures relating to, the Fixed Indexed Annuity, including those disclosures with respect to the Index. The Index Parties make no representation whatsoever, whether express or implied, as to the advisability of purchasing, selling or holding any product linked to the Index, including the Fixed Indexed Annuity, or the ability of the Index to selling or holding any product linked to the Index, including the Fixed Indexed Annuity, or the ability of the Index to meet its stated objectives, including meeting its target volatility. The Index Parties have no obligation to, and will not, take the needs of NLA or any annuitant into consideration in determining, composing or calculating the Index. The selection of the Index as a crediting option under a Fixed Indexed Annuity does not obligate NLA or SG to invest annuity payments in the components of the Index.

THE INDEX PARTIES MAKE NO REPRESENTATION OR WARRANTY WHATSOEVER, WHETHER EXPRESS OR IMPLIED, AND HEREBY EXPRESSLY DISCLAIM ALL WARRANTIES (INCLUDING, WITHOUT LIMITATION, THOSE OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE), WITH RESPECT TO THE INDEX OR ANY DATA INCLUDED THEREIN OR RELATING THERETO, AND IN PARTICULAR DISCLAIM ANY GUARANTEE OR WARRANTY EITHER AS TO THE QUALITY, ACCURACY, TIMELINESS AND/OR COMPLETENESS OF THE INDEX OR ANY DATA INCLUDED THEREIN, THE RESULTS OBTAINED FROM THE USE OF THE INDEX AND/OR THE CALCULATION OR COMPOSITION OF THE INDEX, OR CALCULATIONS MADE WITH RESPECT TO ANY FIXED INDEXED ANNUITY AT ANY PARTICULAR TIME ON ANY PARTICULAR DATE OR OTHERWISE. THE INDEX PARTIES SHALL NOT BE LIABLE (WHETHER IN NEGLIGENCE OR OTHERWISE) TO ANY PERSON FOR ANY ERROR OR OMISSION IN THE INDEX OR IN THE CALCULATION OF THE INDEX, AND THE INDEX PARTIES ARE UNDER NO OBLIGATION TO ADVISE ANY PERSON OF ANY ERROR THEREIN, OR FOR ANY INTERRUPTION IN THE CALCULATION OF THE INDEX. NO INDEX PARTY SHALL HAVE ANY LIABILITY TO ANY PARTY FOR ANY ACT OR FAILURE TO ACT BY THE INDEX PARTIES IN CONNECTION WITH THE DETERMINATION, ADJUSTMENT OR MAINTENANCE OF THE INDEX. WITHOUT LIMITING THE FOREGOING, IN NO EVENT SHALL AN INDEX PARTY HAVE ANY LIABILITY FOR ANY DIRECT DAMAGES, LOST PROFITS OR SPECIAL, INCIDENTAL, PUNITIVE, INDIRECT OR CONSEQUENTIAL DAMAGES, EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.

No Index Party is a fiduciary or agent of any purchaser, seller or holder of a Fixed Indexed Annuity. None of SG, S&P or any third party licensor shall have any liability with respect to the Fixed Indexed Annuity in which an interest crediting option is based is on the Index, nor for any loss relating to the Fixed Indexed Annuity, whether arising directly or indirectly from the use of the Index, its methodology, any SG Mark or otherwise. Obligations to make payments under the Fixed Indexed Annuities are solely the obligation of NLA. In calculating the performance of the Index, SG deducts a maintenance fee of 0.50% per annum on the level of the Index, and fixed transaction and replication costs, each calculated and deducted on a daily basis. Because the Index can experience potential leverage up to 350%, the maintenance fee may be as high as 1.75% per year. The transaction and replication costs cover, among other things, rebalancing and replication costs. The total amount of transaction and replication costs is not predictable and will depend on a number of factors, including the performance of the index underlying the Index, and market conditions, among other factors. These fees and costs will reduce the potential positive change in the Index and increase the potential negative change in the Index. While the volatility control applied by the Index may result in less fluctuation in rates of return as compared to indices without volatility controls, it may also reduce the overall rate of return as compared to products not subject to volatility controls.

Attribution Requirements with respect to the Credit Suisse Tactical Multi Asset Index:

The CS Tactical Multi Asset Index is the exclusive property of Credit Suisse International (the “Index Sponsor”) and/or its affiliates (collectively, “Credit Suisse”). “Credit Suisse” and “CS Tactical Multi Asset Index” are trademarks of Credit Suisse.

The Products are not in any way sponsored, endorsed, sold or promoted by Credit Suisse. Credit Suisse is not a party to any transaction, offering or Product contemplated hereby, and has no relationship to the issuer, other than (1) the licensing of the Index and related trademarks and service marks for use in connection with the Products, and (2) certain arms-length derivative transactions between Credit Suisse and the issuer or its affiliates.

Credit Suisse does not guarantee the accuracy, timeliness or completeness of the Index or any data included therein or the calculation thereof or any communications with respect thereto, and it has no liability for any errors, omissions or interruptions therein. Credit Suisse makes no warranty, express or implied, and expressly disclaims all warranties as to (A) the fitness for a particular purpose, merchantability or satisfactory quality of the Index and/or the level at which the Index stands from time to time or other data provided in connection with the Index, or (B) results to be obtained from the investment in or use of the Index or any index data. Credit Suisse expressly excludes all other liabilities of whatever nature for any losses, damages, costs, claims and expenses (including, but not limited to, lost profits or direct, indirect, punitive, special or consequential damages or losses) arising from the investment in or use of the Index and/or the index data and/or any marks licensed by Credit Suisse.

The Index is compiled, maintained and calculated by the Index Sponsor (or its agent). However, the Index Sponsor has no obligation with regard to such activities to take the needs of any person into consideration, and neither it nor its affiliates shall be liable, whether in negligence or otherwise, to any person for any errors or omissions in the Index or in the calculation of the Index or under any obligation to advise any person of any errors or omissions therein.

The rules governing the operation and calculation of the Index (the “Rules”) may be amended by the Index Sponsor. An amendment to the Rules may result from, without limitation, a change to the construction or calculation of the Index or from the Index Sponsor determining that a change to the Rules is required or desirable in order to update them or to address an error, omission or ambiguity. No assurance can be given that any such amendment would not be detrimental to investors in the Products. The Index Sponsor has no obligation to continue to publish, and may discontinue publication of, the Index. The end-of-day values of the Index are published subject to provisions in the Rules. Credit Suisse is not obligated to publish any information regarding the Index other than as stipulated in such Rules.

Credit Suisse did not publish or approve this document, and Credit Suisse accepts no responsibility for its contents or use.

For Producer Use Only. Not for distribution 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 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, 19GLWB3, ICCGLWB3), Nassau Personal Income Annuity (ICC19EIAN,19FIA and 19ISN), Nassau Personal Protection Choice (ICC19EIAN, 19FIA and 19RN), Nassau Personal Retirement Choice (19FIA, ICC19EIAN, 19ISB), Nassau MYAnnuity 5X/7X (ICC18IFDAP, 18IFDAP) 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 MA, ME and NY, but that is subject to change. In New York, Nassau MYAnnuity 5X (Form 17IMGA) is 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.

BPD40992

© 2022 Nassau
No comments
Anthony LaRosaJuly 2022 MYGA Rates Are Heating Up
read more

Take Your Client’s Income Higher

We’re excited to announce an increase to the payout percentages on PIA’s income riders. Beginning June 1, 2022, income will increase on Income Strategy: Today and Income Strategy: Tomorrow by 6% for all ages. Updated PIA marketing materials will be available to order on June 1.

Old Income Enhanced Income
Age 60, wait 5: $7,174 Age 60, wait 5: $7,599
Age 65, wait 0: $5,473 Age 65, wait 0: $5,798
Age 70, wait 2: $7,076 Age 70, wait 2: $7,497
Age 72, wait 5: $9,197 Age 72, wait 5: $9,741

Assumes single rider option, an initial premium of $100,000, and no withdrawals. Waits two years and under are for Income Strategy: Today. Five year waits are for Income Strategy: Tomorrow. 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. Income Strategy rider involves an annual fee of 0.95% of the Income Benefit Base, deducted from the contract value and is subject to change.

Transition Rules

Personal Income Annuity applications that are:

  1. Signed and dated on or before 5/31/2022 will receive the old ABA rates. This includes all applications that are currently pending.
  2. Signed and dated on or after 6/1/2022 will receive the new ABA rates.

Mailing Addresses

U.S. Mail 
Nassau
P.O. BOX 22012
Albany, NY 12201-2012

Overnight
15 Tech Valley Dr.
Suite 201
East Greenbush, NY 12061

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, ICC19FIA3, 19GLWB3, ICCGLWB3) and Nassau Personal Income Annuity (ICC19EIAN,19FIA, 19ISN, 19GLWB2) 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.

BPD#40953

No comments
Anthony LaRosaTake Your Client’s Income Higher
read more