After another great year in 2023, I’m pleased to share that AM Best has revised the outlook to positive for Nassau’s Long-Term Issuer Credit Ratings. This is just one more step in Nassau’s journey to further improve our ratings and accelerate growth.

AM Best also affirmed Nassau’s Financial Strength Rating (FSR) at B++. Day in and day out, we remain focused on executing our plan to improve our FSR.

I remain excited for 2024 and am confident we can achieve great things together. We’ve already hit the ground running with the launch of our innovative new fixed indexed annuity, Nassau Income Accelerator, as well as this year’s Nassau Elite program, where producers who consistently write Nassau can earn stronger benefits than ever before. We are also dedicated to providing best in class service as we continue to grow with you this year, as well as a full suite of print and digital materials to assist you with your marketing.

As always, your feedback remains critical in helping us achieve our growth plans. Let my team and me know how we can better support you. It’s just one way we are working harder to be your carrier of choice.

I am grateful for your partnership and look forward to continuing to grow our businesses.

Tom Buckingham
Chief Growth Officer
Nassau

Disclosures

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

Financial Strength Rating of B++ is 5th of 13 ratings levels and applies to Nassau Life and Annuity Company, Nassau Life Insurance Company, and Nassau Life Insurance Company of Kansas. Ratings are current as of Feb 14, 2024. Ratings are a third-party measure of an insurer’s claims-paying ability. Ratings refer only to the financial overview of the company and are not a recommendation of specific policy provisions, rates, or practices of the insurance company. They do not indicate or guarantee any variable annuity or variable universal portfolio’s credit rating or performance. Rating agencies review rankings periodically and there is no guarantee that current rankings will be maintained in the future. For complete rating information, please contact us.

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. BPD41657

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

We’re excited to announce that Nassau Income Accelerator (NIA) is now available for sale in the state of Idaho. Idaho will be a Group B state for surrender charge schedules and crediting rates for new business. Updated marketing materials, applications, and forms are available now.

Help Clients Retire on Their Terms with NIA

Help Maximize Social Security and Optimize Total Retirement Income
The Flex-Forward Income Benefit℠ can help fill the income gap between starting retirement and receiving payments from other income sources such as pensions and Social Security.¹ It offers higher income payments early in exchange for lower income payments later.² It includes a 10% Income Benefit Base bonus, plus 10% simple interest roll ups that increase the Income Benefit Base annually for up to ten years.³

Guaranteed, Steady Lifetime Income Options
With the Income Horizon guaranteed minimum withdrawal benefit rider options, clients can earn level income for life to fit their unique retirement timeline. They also include a 10% Income Benefit Base bonus, plus 10% simple interest roll ups that increase the Income Benefit Base annually for up to ten years.³

Growth Potential
Clients can capture upside market performance with 13 indexed accounts that may credit interest when the index experiences positive growth.⁴

Principal Protection
Help clients benefit from the growth of the market while protecting their hard-earned dollars from market downturns.

10% Free Withdrawals Annually
Address liquidity needs with flexible access to funds.

Important Disclosures

1) Nassau Life and Annuity Company, Nassau Income Accelerator and the Flex-Forward Income Benefit rider are NOT connected with, recommended, or endorsed by any governmental program, agency, or entity, including the Social Security Administration.

2) The Flex-Forward Income Benefit rider is only available to issue ages 50-70 of youngest covered person. The youngest covered person must be age 70 or below when the rider is exercised to be eligible for the Early Income Feature. If the rider is exercised at age 71 or older, payments will be set at the Lifetime Income Amount. See the Rider Disclosure for additional information. If the client exercises their rider and starts taking Early Income Amount payments before the youngest Covered Person turns 59½, they may be subject to tax penalties. Please be sure to encourage your clients to discuss their situation with a tax advisor prior to exercising their rider.

3) A rider is required to be elected at the time of application. Each rider includes an annual fee equal to 0.95% of the Income Benefit Base. As the Benefit Base grows, so will the amount of the fee. The Benefit Base is only used to determine income rider benefits and fees. It is not available for withdrawal and is not a guarantee of contract value. The Benefit Base stops growing once the rider is exercised.

4) Growth is not guaranteed. If the sum of fees (including strategy and rider fees) exceeds the amount of interest and index credits, the client will experience a loss of principal. See the Product Disclosure for additional information.

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, add, or change indexed accounts and 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.) is 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.

BPD41646

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.

BPD41620

Effective January 13, 2024, the Care Protection Benefit rider combination option with Nassau Personal Protection Choice will no longer be available for new sales in the state of Maryland.

For more information, please call our sales desk at 1-888-794-4447.

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 Personal Protection Choice (19FIA, ICC19EIAN, 19RN, 19GLWB2, 19GMDB-S.1, 19EWB, ICC19GLWB2.1, ICC20EWB.1, et al.) is 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.

BPD41612

Effective January 1, 2024, Nassau will be increasing Guaranteed Minimum Interest Rates (GMIR), Guaranteed Minimum Fixed Account Interest Rates (GMFAIR), and Total Guaranteed Value (TGV) Interest Rates for select annuities and states. Please note: rates and product availability may vary by state. For more details, visit the rates page of each product on Salesnet.

These increases will impact new business issued on or after January 1, 2024.

GMIR, GMFAIR Increases

Nassau Personal Income Annuity®, Nassau Personal Protection Choice®
Group B* (OH, SC, TX): 1.65%
Group C: 3.00%
Group D: 3.00%

Nassau Bonus Annuity^SM, Nassau Growth Annuity®
Groups A, B, C: 3.00%

MYAnnuity® 5X in NY
3.00%

TGV Increases

Nassau Personal Income Annuity, Nassau Personal Protection Choice
Groups A, B, B*, Group D: Fixed Account – 3.00%, Indexed Account – 3.00%
Group C: Fixed Account – 3.00%, Indexed Account – 2.05%

Nassau Bonus Annuity, Nassau Growth Annuity®
Groups A, B, C: Fixed Account – 3.00%, Indexed Account – 2.05%

Nassau MYAnnuity 5X, 7X (non-NY) and Nassau Simple Annuity
Fixed Account – 3.00%

If you have any questions, please contact our sales desk at 1-888-794-4447.

Disclosures

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 Bonus Annuity (19FIA3, ICC19FIA3N), Nassau Growth Annuity (19FIA3, ICC19FIA3N), Nassau Personal Income Annuity (ICC19EIAN,19FIA and19ISN), Nassau Personal Protection Choice (ICC19EIAN, 19FIA and 19RN), and Nassau Personal Retirement Choice (19FIA, ICC19EIA, 19ISB) single premium deferred fixed indexed annuities, and Nassau MYAnnuity 5X/7X (18IFDAP and ICC18IFDAP/ICC18IFDANP) 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 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.

BPD41605

Haven’t downloaded the Nassau Agent App yet? Take Nassau everywhere you go! Check out these recent enhancements:

• Streamlined log in access and new layout for your Elite Scoreboard
• Improved case status view with an at-a-glance status checklist
• Audio case notes that will read your case notes to you while you’re on the go

How to Access the Elite Scoreboard

Step One: Log In
Access to your business data requires account login/registration. Tap the padlock icon in the top left to login.

Step Two: Open My Business
Tap the “My Business” button on the home screen.

Step Three: View the Elite Scoreboard
Tap the “Elite Scoreboard” button.

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.

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). 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. In New York, 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.

The Apple logo and App Store are registered trademarks or service marks of Apple Inc. Google Play is a trademark of Google LLC. The downloading and use of the Nassau Agent App is subject to terms and conditions. Standard mobile phone carrier and data usage charges may apply.

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

BPD41484

Beginning August 1, 2023, Nassau Bonus Annuity^SM will be available for sale in New Jersey, Idaho and Washington, D.C. with the following surrender charge schedules and crediting rates for new business:

• New Jersey: Group B
• Idaho: Group B
• Washington, D.C.: Group A

Updated marketing materials, applications, and forms will be available at that time.

Learn More about Nassau Bonus Annuity

Video Course

Looking for an interactive deep-dive about the product led by our staff? Check out our new video series.

Product Overview

Want a quick review of product features? Visit our webpage on Salesnet.

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

Nassau Bonus Annuity (19FIA3, ICC19FIA3, 19GLWB3, ICC19GLWB3.1) is 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.

BPD41449

We recently added new data and improved the layout for your Annuity Pending, Issued and Closed information on SalesNet. New features include:

• New progress checklist with at-a-glance status of case milestones
• Detailed log of case manager notes and related email correspondence for Pending cases
• Less scrolling with a tab view of important sections
• Flag indicator for open requirements that require producer action
• New fields like Application Signed Date and Surrender/Guarantee Period
• Quick link to Account Documents for Issued cases

These updates were made based on listening to feedback from producers and back office partners like you. Our goal is to make doing business with us easy and save you time in your day. Keep the feedback coming. We strive to continuously improve your digital experience and are working harder to be your carrier of choice.

As a reminder, you can log in/register for SalesNet to access you Case Status and several other online business tools 24/7 at salesnet.nfg.com.

Questions? Call 800-417-4769 opt 2, opt 1 or chat with us.

Important Details & Disclosures

For IMO/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 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. BPD41430

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

Most NGA Group B and C Rates Increased; Select PIA, PPC Rates Increased; Rates Unchanged for All Other Nassau Annuities

Effective July 1, 2023, we are increasing Nassau Growth Annuity® (NGA) rates in Group B and C on all participation and enhanced participation rate with strategy fee indexed accounts and all one-year fixed account rates.

We are also increasing 1-year S&P® 500 cap rates and 1-year fixed account rates for Nassau Personal Income Annuity® and Nassau Personal Protection Choice® for all state groups.

We are maintaining rates for all other fixed indexed annuities (FIAs) and multi-year guarantee annuities (MYGAs).

Nassau Growth Annuity Rates Increase Highlights

10-Year Contracts Group B and C (9 Years in CA): Rates Up To¹

Find Out More

Specific product rates are available by clicking the links below.

Nassau Bonus Annuity
Nassau Growth Annuity
Nassau Personal Income Annuity
Nassau Personal Protection 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.

Important Details & Disclosures

1. Rates effective July 1, 2023. Rates shown for 10-year surrender charge schedule contracts in Group B States and 9-year surrender charge schedule contracts in Group C (California). Participation rate w/fee accounts currently include a 1.00% annual strategy fee that applies in each year of the index term (subject to change). 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. Multi-year accounts are not available in New Hampshire. Other state variations may apply.

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, ICC19FIA3N), Nassau Bonus Annuity (19FIA3, ICC19FIA3, 19GLWB3, ICC19GLWB3.1), Nassau Personal Income Annuity (ICC19EIAN,19FIA and19ISN) and Nassau Personal Protection Choice (ICC19EIAN, 19FIA and 19RN) single premium deferred fixed indexed annuities, and Nassau MYAnnuity 5X/7X (18IFDAP and ICC18IFDAP/ICC18IFDANP) 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 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.

BPD41420