News

July Annuity Rates Update

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

      ⬆️  1-Year S&P 500 Par

50%

      ⬆️  1-Year S&P 500 Par w/Fee

60%

      ⬆️  2-Year S&P 500 Par

65%

      ⬆️  2-Year S&P 500 Par w/Fee

80%

      ⬆️  2-Year Nasdaq-100® Par w/Fee

58%

">

      ⬆️  1-Year Fixed Account

4.30%

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.

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Insurance Agent Disclosure Form Now Required with New Apps

Effective June 17, 2023, Nassau is changing its new business process to now require the completed “Insurance Agent/Producer Disclosure for Annuities” form with all new annuity applications submitted in states where this form is required. The form has been seamlessly added to our eApp process. For paper submissions, producers will be required to include the form with their application materials.

As part of this change, Nassau’s Suitability Questionnaire forms will also be updated and producers will no longer be required to acknowledge that this disclosure has been signed by the applicant(s).

For your convenience, below is a map showing the states which have adopted the latest NAIC Model Reg 275 (or a version thereof) and where Nassau will require the Insurance Agent/Producer Disclosure for Annuities (Appendix A) form to be included with applications. We appreciate your commitment to complying with these regulatory requirements.

State details valid as of January 1, 2024. Utah effective July 1, 2024. For informational purposes only. Not intended as legal advice.

*Separate from Reg 275, Regulation 187 creates a suitability and best interest standard for life and annuity products sold in the state of New York.

Have a question? We’re here to help. 

Our sales team is ready and available to assist you. Call us for illustrations, product expertise, and marketing materials at 1-888-794-4447.

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.

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.

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

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MYGA Rates Decrease by 10bps on May 15

Nassau MYAnnuity® 5X*

0% Free Withdrawal Amount

5.25%

10% Free Withdrawal Amount

5.05%

Nassau MYAnnuity® 7X*

0% Free Withdrawal Amount

5.35%

10% Free Withdrawal Amount

5.15%

Nassau Simple Annuity

6 Year Guaranteed Period with 5% Free Withdrawal Amount

5.25%

4 Year Guaranteed Period with 5% Free Withdrawal Amount

5.00%

Rates for MYAnnuity 5X in New York are 4.90% for 0% Free Withdrawal and 4.70% for 10% Free Withdrawal. Rates vary by contract duration and free withdrawal amount. Rates are effective May 15, 2023 and subject to change. Current rates are posted here. Review Nassau’s Rate Lock Policy.


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 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. 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.

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

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Nassau Bonus Annuity Now in Indiana

We’re excited to announce that Nassau Bonus Annuity is now available for sale in the state of Indiana. Indiana 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.

Nassau Bonus Annuity is a single premium accumulation-focused fixed indexed annuity with a 10% guaranteed upfront premium bonus (7% for ages 81-85),¹ robust growth potential, and options for generating future income.

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

1. 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.

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 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.

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Amplified Income and Amplified Income Plus Riders Now in CA for Nassau Growth Annuity

Beginning March 27, 2023, the Amplified Income and Amplified Income Plus Guaranteed Lifetime Income riders for Nassau Growth Annuity (NGA) will be available for sale in California for an additional fee. With the addition of these riders, Nassau Growth Annuity can help your California clients find the right balance between guaranteed, predictable income and the opportunity for growing income in later years.

Ready to start selling these riders? Our sales team is ready and available to assist you. Call us for illustrations, product expertise, and marketing materials at 1-888-794-4447.

Learn About NGA’s Riders On Your Terms

Watch members of the Nassau team explain the benefits and features of each of NGA’s optional income ridersor read a side-by-side breakdown on our Rider Options webpage

Important Disclosures

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 Growth Annuity (19FIA3, ICC19FIA3N, 19GLWB3, ICC19GLWB3.1, 19ECH, ICC19ECH) 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.

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Anthony LaRosaAmplified Income and Amplified Income Plus Riders Now in CA for Nassau Growth Annuity
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Start Selling Our FIAs and MYGAs in MA

Beginning February 22, 2023, Nassau’s annuity portfolio will be available for sale in Massachusetts, featuring comprehensive, customizable and consistent retirement solutions your clients can depend on.

Ready to start selling in MA? Our sales team is ready and available to assist you. Call us for illustrations, product expertise, and marketing materials at 1-888-794-4447.

Our Retirement Solutions

FIAs¹

Nassau Bonus Annuity℠
Up-front premium bonus combined with robust growth potential and options for generating future income.

Nassau Growth Annuity®
Powerful growth potential and options for generating future income.

Nassau Personal Income Annuity®
Strong guaranteed income for early and late retirement.

Nassau Personal Protection Choice®

Customizable, multi-dimensional retirement protection.

MYGAs

Nassau MYAnnuity® 5X/7X and
Nassau Simple Annuity
Competitive guaranteed interest rates between 4-7 years.

1. Riders are elected at contract issue, subject to state availability and involve an additional fee that is deducted annually from the contract value. Products offering a bonus may offer lower crediting rates than non-bonus products which over time may or may not offset the value of the bonus. See Product and Rider Disclosures for details.

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, 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 Bonus Annuity (19FIA3, ICC19FIA3), Nassau Growth Annuity (19FIA3, ICC19FIA3N), Nassau Personal Income Annuity (ICC19EIAN,19FIA), Nassau Personal Protection Choice (ICC19EIAN, 19FIA), Nassau Simple Annuity (18FADTCP and ICC18FADTCP), and Nassau MYAnnuity 5X/7X (18IFDAP and ICC18IFDAP/ICC18IFDANP) 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. 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.

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FIA Renewal Rates Available Online

Change to Renewal Rate Letters Coming in February

Renewal rates will now be available online and no longer included in client and agent letters. Renewal letters will continue to be mailed at least 30 days prior to anniversary dates and include the instructions for accessing rates on nfg.com. Rates will display on the first business day of a contract’s anniversary month. There is no change to the reallocation form or deadline of 15 days after anniversary date to request changes.

The new version of letters will begin in February for March anniversaries.

Easy 24/7 Online Account Access

  • Agents can register/log in to salesnet.nfg.com and select TRACK | Account Values | Search for Policy | Select Policy Number | Open Renewal Rates link at top of Account Details
  • Clients can register/log in under MYACCOUNT on nfg.com. From MY PORTFOLIO | Select Policy Number | Open Renewal Rates link at top of Account Details

This is the first of future enhancements to move the renewal rates process more online. We look forward to sharing more in the coming year.

If you have any questions, please contact our web account team at 1-800-349-9267.

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. Annuity contract  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.

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

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MYGA Rates Increase Up to 5.60%* on Jan. 14

Nassau MYAnnuity® 5X*

0% Free Withdrawal Amount

5.50%

10% Free Withdrawal Amount

5.30%

Nassau MYAnnuity® 7X*

0% Free Withdrawal Amount

5.60%

10% Free Withdrawal Amount

5.40%

Nassau Simple Annuity

6 Year Guaranteed Period with 5% Free Withdrawal Amount

5.50%

4 Year Guaranteed Period with 5% Free Withdrawal Amount

5.25%

*Rates for MYAnnuity 5X in NY are 5.20% for 0% Free Withdrawal and 5.00% for 10% Free Withdrawal. Rates vary by contract duration and free withdrawal amount. Current rates are posted here. Rates are effective Jan 14, 2023 and subject to change.

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 and ICC19FIA3N), Nassau Personal Income Annuity (19FIA, ICC19EIAN and 19ISN), Nassau Personal Protection Choice (19FIA, ICC19EIAN and 19RN), Nassau Personal Retirement Choice (19FIA, ICC19EIA and 19ISB), 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. 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.

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

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New Year, Even Higher Guaranteed Income

+10-18% Guaranteed Income on PIA and PPC

Beginning January 14, 2023, annual benefit amounts (ABAs) will increase on the income riders of Nassau Personal Income Annuity® (PIA), as well as Nassau Personal Protection Choice® (PPC), depending on age, wait, coverage option, and rider combination.¹

Transition Rules

  1. Signed and dated on or before 1/13/2023 will receive the old ABA rates. This includes all applications that are currently pending.
  2. Signed and dated on or after 1/14/2022 will receive the new ABA rates.

Nassau Personal Income Annuity

Income Benefit Client Scenarios²

Income Strategy: Tomorrow

Age / Wait

Old Income

New Income

Increase

60 / 10

$13,320

$15,720

18.0%

65 / 5

$9,911

$11,050

11.5%

70 / 5

$10,999

$12,257

11.4%

Nassau Personal Protection Choice

Income Benefit Client Scenarios²

Income Strategy: Tomorrow with Care & Family Protection

Age / Wait

Old Income

New Income

Increase

60 / 10

$12,072

$14,232

17.9%

65 / 5

$8,976

$10,013

11.6%

70 / 5

$9,962

$11,101

11.4%

Important Details

1) 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. 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 14, 2023, 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. Care Protection benefit is not available in CA. 

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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January Rates – Caps Up to 11.25% with Nassau Growth Annuity®

Nassau Growth Annuity Rates Highlights for January 2023

10-Year Highlights

      Nassau Growth Annuity®
Rates Up To¹

      ⬆️  1-Year S&P 500® Cap Rate

11.25%

      ⬆️  2-Year S&P 500 Par

59%

      2-Year Sunrise Smart Passage SG Par w/Fee

200%²

      Fixed Account

4.45%

7-Year Highlights

      Nassau Growth Annuity®
Rates Up To³

      ⬆️  1-Year S&P 500® Cap Rate

10.30%

      ⬆️  1-Year S&P 500 Par w/Fee

44%

      ⬆️  2-Year Sunrise Smart Passage SG Par w/Fee

180%²

      ⬆️  Fixed Account

4.00%

MYGA Rates Remain Strong

      Product
Rates Up To

Nassau MYAnnuity® 5X

5.40%⁴

Nassau MYAnnuity 7X

5.50%⁴

Nassau Simple Annuity - 4yr

5.15%⁵

Nassau Simple Annuity - 6yr

5.40%⁵

">

Nassau MYAnnuity 5X in NY

5.10%⁴

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.

Guaranteed Minimum Interest Rate and Total Guaranteed Value

Updates for 2023

Effective January 1, 2023, Nassau will be increasing Guaranteed Minimum Interest Rates (GMIR), Guaranteed Minimum Fixed Account Interest Rates (GMFAIR), and Total Guaranteed Value (TGV) Interest Rates. 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, 2023. Learn more.

Important Details & Disclosures

1. Rates effective January 1, 2023. Rates shown for 10-year surrender charge schedule contracts in Group A States. 2-year Sunrise Smart Passage SG indexed account shown is for an enhanced participation rate account which currently includes a 1.00% annual strategy fee that applies in each year of the index term (subject to change). In Group A States, if the oldest contract owner is age 81 or older at issue, the contract will be issued with the Group B States surrender charge schedule and crediting rates. 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. 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.

2. Although Smart Passage SG Indexed Accounts may offer higher participation rates compared to other accounts, these accounts apply the Sunrise Adjustment which sets the highest monthly return in each year of the account segment to zero prior to calculating index credits. As a result, this account may under perform other indexed accounts when yearly index growth is concentrated in one or two months. See the Product Disclosure and Smart Passage SG Index brochure for details.


3. Rates effective January 1, 2023. Rates shown for 7-year surrender charge schedule contracts. 1-year S&P 500 indexed accounts and 2-year Sunrise Smart Passage SG indexed accounts are for enhanced participation rate accounts which currently include a 1.00% annual strategy fee that applies in each year of the index term (subject to change). 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. 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.

4. 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 January 1, 2023 and subject to change. Nonqualified funds and Traditional IRAs only in New York (Roth, SEP, or SIMPLE IRAs are not approved in New York).

5. Rates shown include 5% Free Withdrawal Amount. New rates are posted here, effective January 1, 2023 and subject to change.

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.

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 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.

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