Nassau Personal Income Annuity
Nassau Life
7%
Best Cap
10%
Free W/D
49
States
A fixed indexed annuity that combines market-linked growth potential with guaranteed lifetime income options and principal protection, designed for retirees or near-retirees seeking secure income and upside participation.
Free Withdrawal
10%/yr
Available In
49 states
Min Premium
$15,000
Surrender
10 years
Current Rates & Strategies
| Index | Crediting | Cap | Participation | Fixed |
|---|---|---|---|---|
| Nasdaq-100 Index | 2-Year | -- | 35% | -- |
| Nasdaq-100 Index | Annual | -- | 27% | -- |
| Smart Passage SG Index | 2-Year | -- | 115% | -- |
| Smart Passage SG Index | Annual | -- | 88% | -- |
| S&P 500 Index | 2-Year | -- | 70% | -- |
| S&P 500 Index | Annual | 7% | 100% | -- |
| S&P 500 Index | Monthly | 2.15% | 100% | -- |
| UBS Tactical Multi Asset Index | 2-Year | -- | 100% | -- |
| UBS Tactical Multi Asset Index | Annual | -- | 100% | -- |
| Fixed Account | Daily | -- | -- | 3.4% |
Key Features
Guaranteed Lifetime Income Riders
Rider fee of 0.95% of Benefit Base annuallyTwo income rider options (Income Strategy: Today with upfront bonuses up to 45%, or Income Strategy: Tomorrow with 14% annual roll-ups for 10 years) that provide guaranteed income for life based on your Benefit Base and withdrawal factor.
Principal Protection
0% floor guaranteeYour account value cannot earn less than 0% in any index segment, protecting principal and prior gains even during market downturns.
Indexed Account Options
10+ account strategies with 1- or 2-year segmentsChoose from standard and enhanced participation rate accounts linked to Nasdaq-100, S&P 500, Smart Passage SG, or UBS Tactical Multi Asset indexes with various crediting methods.
Free Withdrawals
10% annually for 10 years (9 in CA)Withdraw up to 10% of contract value annually without surrender charges, MVA, or fees during the surrender charge period.
Flexible Account Allocation
Minimum $2,000 or 10% per accountAllocate your premium across multiple indexed accounts or a fixed account; rebalance annually during the reallocation period.
RMD Flexibility
No fees on RMD withdrawalsRequired Minimum Distributions are penalty-free and not subject to withdrawal fees or Market Value Adjustment.
Return of Premium
Minimum 87.5% TGV floorGuaranteed to receive at least your initial premium (minus prior withdrawals and rider fees) as a surrender value or death benefit.
Nursing Home & Terminal Illness Waiver
Waiver subject to state availabilitySurrender charges waived (though MVA applies) if confined to nursing home for 90+ days or diagnosed with terminal illness after first anniversary.
Highlights
Guaranteed lifetime income with choice of two income riders (Income Strategy: Today or Tomorrow)
Principal protection with 0% floor—no losses when markets decline
Flexible indexed accounts tied to Nasdaq-100, S&P 500, Smart Passage SG, or UBS Tactical Multi Asset indexes
Up to 10% penalty-free annual withdrawals during surrender charge period
Tax-deferred growth with option to annuitize for seven different payout scenarios
Surrender Schedule
Yr 1
12%
Yr 2
12%
Yr 3
12%
Yr 4
11%
Yr 5
10%
Yr 6
9%
Yr 7
8%
Yr 8
7%
Yr 9
6%
Yr 10
4%
After
0%
Nursing home waiver, RMD waiver, Terminal illness waiver
Best For
Retirees and pre-retirees seeking guaranteed lifetime income, market upside participation, principal protection, and tax-deferred growth with flexibility to adjust allocations and withdraw when needed.
Consider Alternatives If
Investors with short time horizons, those who need immediate access to all assets penalty-free, or individuals uncomfortable with indexed account complexity and surrender charges.
Carrier Ratings
Free Comparison Report
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From the AdvisorWorld.com Community