Nassau Personal Protection Choice
Nassau Life
6%
Best Cap
10%
Free W/D
49
States
Nassau Personal Protection Choice is a single premium fixed indexed annuity designed for retirement savers age 0-80 who want guaranteed lifetime income, principal protection, and the potential for growth through indexed accounts. It's ideal for those seeking a secure income strategy combined with long-term care protection options.
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 | -- | 32% | -- |
| Nasdaq-100 Index | Annual | -- | 24% | -- |
| Smart Passage SG Index | 2-Year | -- | 105% | -- |
| Smart Passage SG Index | Annual | -- | 67% | -- |
| S&P 500 Index | 2-Year | -- | 52% | -- |
| S&P 500 Index | Annual | 6% | 100% | -- |
| S&P 500 Index | Monthly | 1.75% | 100% | -- |
| UBS Tactical Multi Asset Index | 2-Year | -- | 100% | -- |
| UBS Tactical Multi Asset Index | Annual | -- | 100% | -- |
| Fixed Account | Daily | -- | -- | 3% |
Key Features
Income Protection Rider
Up to 45% income bonus or 14% annual growthProvides guaranteed lifetime income with two strategies: immediate income (up to 45% bonus if you start in year 3) or deferred income (14% annual roll-up for 10 years).
Indexed Accounts
16 account choices16 investment options tied to market indices (Nasdaq-100, S&P 500, Smart Passage SG, UBS Tactical Multi Asset) with capped upside and floor of 0% in down years.
Principal Protection
87.5% of premium at TGV rateYour contract value will never fall below a guaranteed Total Guaranteed Value (TGV) calculated at issue, protecting your principal.
Care Protection Rider
125-250% of income benefit, varies by ageOptional rider that increases guaranteed income payments up to 5 years if you're confined to a nursing home or unable to perform 2 of 6 daily living activities.
Family Protection Rider
Up to 200% of premium at deathOptional enhancement to the death benefit that grows 10% annually (up to age 70) or 5% (ages 71-85) for up to 10 years, capped at 200% of premium.
Penalty-Free Withdrawals
10% annual free withdrawalAccess up to 10% of your contract value each year without surrender charges, plus free access for Required Minimum Distributions.
Surrender Charge Waivers
Nursing home or terminal illness waiverSurrender charges waived if you're confined to a nursing home for 90+ days or diagnosed with a terminal illness.
Highlights
Single premium fixed indexed annuity with guaranteed lifetime income options through optional riders
Choice of 16 indexed accounts plus a fixed account for diversified growth potential
Principal protection with return of premium guarantees on death and surrender
Optional Care Protection rider provides enhanced income if you need nursing home or long-term care
Flexible income strategies starting in year 1 or year 4+ with up to 45% bonus or 14% annual roll-up
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 or near-retirees age 0-80 seeking guaranteed lifetime income combined with growth potential, protection of principal, and optional long-term care coverage.
Consider Alternatives If
Those who need immediate access to funds without penalties or who have a short time horizon, as surrender charges apply for the first 10-12 years.
Carrier Ratings
Free Comparison Report
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From the AdvisorWorld.com Community