MYAnnuity 5X
Nassau Life
5.3%
Best Rate
10%
Free W/D
1
States
A single-premium fixed annuity that guarantees your interest rate for 5 or 7 years with the option for tax-free withdrawals up to 10% annually. Designed for retirees and those nearing retirement who want predictable income and principal protection.
Free Withdrawal
10%/yr
Available In
1 states
Min Premium
$10,000
Surrender
5 years
Guaranteed Rates by Term
| Term | Guaranteed Rate |
|---|---|
| 5-Year | 5.25% |
| 7-Year | 5.3% |
Key Features
Guaranteed Interest Rates
2.55%–2.85% depending on guarantee period and free withdrawal electionInterest rate is set at issue and guaranteed for the full duration of your chosen guarantee period (5 or 7 years)
Free Withdrawal Option
Up to 10% of contract value annuallyChoose between 10% annual free withdrawals or no free withdrawal amount at issue; rates are higher with no free withdrawals
Surrender Charge Schedule
5X: 9%–5% years 1–5, then 0%; 7X: 9%–3% years 1–7Charges apply if you withdraw beyond the free amount before the guarantee period ends, but decline over time
30-Day Window at Maturity
No surrender charges or MVA during this windowAt the end of your guarantee period, you have 30 days to surrender funds penalty-free, renew at the same or different term, or let it auto-renew
Waivers of Surrender Charges
Full waiver on qualifying eventsCharges waived upon death, annuitization after year 1, nursing home admission, or terminal illness diagnosis
Minimum Interest Rate Floor
1% minimum for all future periodsFuture guarantee periods will never pay less than a minimum guaranteed rate
Highlights
Guaranteed interest rates locked in for 5 or 7 years with no market risk
Annual free withdrawals of up to 10% available without penalties (if elected)
Flexible renewal options at the end of guarantee period with 30-day window
Multiple waivers for surrender charges including nursing home, terminal illness, and death
Minimum guaranteed interest rate floor of 1% on future renewal periods
Surrender Schedule
Yr 1
7%
Yr 2
6%
Yr 3
5%
Yr 4
4%
Yr 5
3%
After
0%
Nursing home waiver, Terminal illness waiver
Best For
Retirees and near-retirees seeking guaranteed income, principal protection, and predictable returns without stock market exposure.
Consider Alternatives If
Investors who need liquidity before 5–7 years or who want higher growth potential tied to market performance.
Carrier Ratings
Free Comparison Report
Get a personalized MYAnnuity 5X illustration
See year-by-year projections for your specific age, premium, and income goals.