What is the minimum guaranteed surrender value for Nassau Life (NY) – MYAnnuity 5X (10% Free Withdrawal)?

This is a Single-Premium Deferred Annuity (SPDA). The owner makes a one-time premium payment and selects a 5-year guarantee term. With the 10% Free Withdrawal election at issue, the owner may withdraw up to 10% of the contract value each contract year without surrender charges or Market Value Adjustment (MVA). Withdrawals above the free-withdrawal amount or full surrender during the guarantee period may trigger surrender charges and an MVA. At the end of the 5-year guarantee period, there is a 30-day window during which the owner may surrender, renew or roll over the contract without surrender charges or MVA.

What is the minimum premium amount for Nassau Life (NY) – MYAnnuity 5X (10% Free Withdrawal)?

The minimum premium amount is $10,000.

What is the maximum issue age for Nassau Life (NY) – MYAnnuity 5X (10% Free Withdrawal)?

The maximum issue age is 85 years.

What is the current interest rate for Nassau Life (NY) – MYAnnuity 5X (10% Free Withdrawal)?

The current interest rate is 4.75%.

What is the surrender charge schedule for Nassau Life (NY) – MYAnnuity 5X (10% Free Withdrawal)?

Withdrawals exceeding the 10% annual free-withdrawal limit, or a full surrender during the 5-year guarantee period, are subject to surrender charges and may also incur an MVA. Charges decline each year until reaching 0% at the end of the term. All funds become fully penalty-free at the end of the guarantee period or during the 30-day renewal window. New York uses the standard surrender-charge schedule for the 5-year MYAnnuity design.

What are the best rates available for Nassau Life (NY) – MYAnnuity 5X (10% Free Withdrawal)?

The best available rate is 4.75% for a 5 year term.

Nassau Life Insurance Company (NY)

Nassau Life (NY) – MYAnnuity 5X (10% Free Withdrawal)

About this product

The Nassau MYAnnuity 5X (10% Free Withdrawal) is a single-premium Multi-Year Guaranteed Annuity (MYGA) issued by Nassau Life Insurance Company (NY). It provides fixed, tax-deferred interest growth over a 5-year guarantee period, while offering the flexibility of a 10% annual penalty-free withdrawal (if elected at issue). This product is suited for clients seeking conservative, stable accumulation with some liquidity — combining principal protection and guaranteed growth with limited, predictable access to funds.

Available Rates

Rates are based on current simulation settings with premium amount $100,000.00

5 Years

4.75%

Available Guarantee Periods

Rates are based on current simulation settings with premium amount $100,000.00

$10,000.00 - $1,000,000.00

4.75%

Features
Maximum Issue Age	85 years

Lifetime Income Details

Payout Options

Annuitization

Lump Sum Withdrawal

Additional Options

Actual payout options may vary by insurance carrier and specific products. Common alternatives include:

Life Income Only: Payments for the rest of your life, stopping upon death
Period Certain: Guaranteed payments for a specific time period (5, 10, 15, or 20 years)
Life with Period Certain: Lifetime payments with a minimum guaranteed period
Joint Life: Payments continue for both you and your spouse's lifetimes
Systematic Withdrawal: Regular withdrawals of a specified amount or percentage