NEW - Try our beta Annuity Rates Simulator

Can You Buy an Annuity with Cryptocurrency? 

What Are Digital Annuities?

Annuities for Beginners: What to Ask Your Financial Advisor

Annuitization in Annuities: Turning Your Savings into Lifetime Retirement Income

Annuities vs. Bonds

Common Annuity Pitfalls to Avoid

Annuity Companies to Avoid

Annuity Due vs. Ordinary Annuity

What Happens to an Annuity When You Die? 

Integrating Technology into Retirement Life for Efficiency and Comfort

Fixed Indexed Annuity Application Process Explained: Step-by-Step Guide for U.S. Annuitants

Understanding Why Fixed Indexed Annuities Have Different Withdrawal-Charge Versions

Integrating Annuities into a Roth Conversion Strategy for FIRE

The Tax Play: How Certain Annuities Can Smooth Out FIRE Income

Why Many FIRE Advocates Avoid Annuities (and When They Should Consider)

Tax Optimization and Annuities: Smart Strategies for Retirees and Early Retirees

Using QLACs (Qualified Longevity Annuity Contracts) to Protect Against Outliving FIRE Savings

Buying Annuities in a High-Interest-Rate Environment: Timing Strategies for FIRE Planners

Partial FIRE + Partial Annuity: Designing a Hybrid Retirement Income Plan

Dynamic FIRE Withdrawal Strategies and Annuities

Best Fixed Annuity Rates in 2025

Best Fixed Indexed Annuities in 2025

Best Immediate and Deferred Annuities Rates 2025

Best Variable Annuities and Rates – A 2025 Guide for Potential Investors

How to Get the Best Annuity Rates in 2025: A Comprehensive Guide

Guaranteed vs. Non-Guaranteed Annuity Rates

Annuity Rate Factors: A Comprehensive Guide to Understanding Influential Variables

Guaranteed vs. Non-Guaranteed Annuities- Balancing Security and Potential Returns

Mastering Your Future: How to Calculate Annuity Growth Rate Effectively

Nassau Personal Protection Choice Indexed Annuity Review

Nassau Simple Annuity MYGA Review

Nassau MYAnnuity 5X/7X MYGA Review

Nassau Personal Income Indexed Annuity Review

Nassau Income Accelerator Fixed Indexed Annuity Review

Nassau Growth Annuity Fixed Indexed Annuity Review

Nassau Bonus Annuity Fixed Indexed Annuity Review

Nassau Bonus Annuity Plus Fixed Indexed Annuity Review 

Withdrawals above the free withdrawal amount during the guarantee period may incur surrender charges and a Market Value Adjustment (MVA). The surrender charge schedule is as follows: For the 5-year plan: 9%, 8%, 7%, 6%, 5%, 0%, 0% For the 7-year plan: 9%, 8%, 7%, 6%, 5%, 4%, 3% Surrender charges and MVA are waived upon the contract owner’s death, annuitization after the first year, or qualifying nursing home or terminal illness waiver. A 30-day window at the end of the term allows full surrender without charges or MVA.

Not listed as optional riders in the product summary; waivers are described instead.

Death benefit equals contract value, and no surrender charges or MVA apply.

 waivers are described in the product summary as available 

. If 10% is elected, annual withdrawals up to 10% are available without surrender charges or MVA.

This annuity offers a guaranteed interest rate for the selected term, a choice of free withdrawal amount (0% or 10%), a death benefit equal to the contract value with no MVA or surrender charges, and annuitization options after the first year. After the guarantee period ends, the owner has a 30-day window to renew, surrender, or select another available term. A market value adjustment (MVA) applies to withdrawals or surrenders made before the term ends.

A 30-day end-of-term window applies for surrender/renewal choices; if no election is made, renewal occurs automatically for the same guarantee period or nearest available.

Contract value minus applicable surrender charges and applicable MVA, subject to the minimum nonforfeiture/MVA floor protections described in the product summary.

 is the California variation of Nassau’s single-premium MYGA offering the same 5-year and 7-year guarantee periods and the same at-issue election of either 10% free withdrawals or no free withdrawals, with credited rates determined by that election.

Withdrawals taken during the guarantee period in excess of the elected free withdrawal amount (or any withdrawals under the “no free withdrawal” election) may be subject to surrender charges and may also include an MVA. Surrender charges generally decline over time and reach 0% after the surrender charge duration for the chosen term. During the 30-day renewal window at the end of the guarantee period, any amount may be surrendered without surrender charges and without MVA. Surrender charges and MVA are also waived upon the contract owner’s death (and upon annuitization after the first contract year, as described in the product summary).

Waivers subject to state approval/conditions. 

If the owner dies before annuitization, beneficiaries receive the 

Surrender charges are waived if the owner is admitted into a licensed nursing home (subject to state approval and contract conditions).

 Surrender charges are waived if the owner is diagnosed with a terminal illness expected to result in death within six months (24 months in MA), subject to state approval and contract conditions.

At issue, the owner must elect either a 

10% Free Withdrawal Amount or No Free Withdrawal Amount.

 are available without surrender charges or MVA. Withdrawals above the free amount may be subject to surrender charges and MVA.

MYAnnuity 5X/7X is a Single Premium Deferred Annuity (SPDA) that credits a fixed interest rate for the full duration of the selected guarantee period. Interest grows tax-deferred, and the guarantee period rate is set at issue (rates vary depending on the free-withdrawal election). If the 10% free withdrawal option is elected, annual withdrawals up to 10% of the contract value are available without surrender charges or Market Value Adjustment (MVA). Withdrawals above the free amount (or any withdrawals under the “no free withdrawal” election) during the guarantee period may be subject to surrender charges and an MVA, which can increase or decrease the amount received. At the end of the guarantee period, the owner has a 30-day window to surrender without surrender charges and without an MVA, or renew into an available term. 

At the end of the guarantee period, the contract enters a 30-day window during which the owner may surrender without surrender charges and without MVA, renew for the same term if available, or renew for a different available term. If no action is taken, the contract renews automatically for the same guarantee period or nearest available term, and the renewal rate is declared in advance. 

The surrender value equals contract value minus any applicable surrender charges and any applicable MVA, subject to the minimum nonforfeiture protections described in the product summary (including the MVA floor protection described below).

single-premium Multi-Year Guaranteed Annuity (MYGA)

 guarantee period. At issue, the owner elects either a 

 option or no free withdrawals, allowing the contract to be positioned for either flexibility or maximum credited interest, depending on the client’s liquidity needs.

Withdrawals exceeding the 5% annual free-withdrawal limit, or a full surrender during the 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, and all funds become fully penalty-free at the end of the guarantee period or during the 30-day renewal window.

Waivers are described as benefits subject to conditions/state approval.

If an owner dies before annuitization, beneficiaries receive the full contract value. Death benefit proceeds are paid without surrender charges or MVA.

May waive surrender charges (and associated adjustments) upon qualifying nursing home confinement, subject to contract provisions and state approval.

 May waive surrender charges (and associated adjustments) upon qualifying terminal illness, subject to contract provisions and state approval.

The California version provides a 5% annual free withdrawal amount. Withdrawals up to the free withdrawal amount are not subject to surrender charges or MVA. Withdrawals above the free amount, or full surrender during the guarantee period, may be subject to surrender charges and may also incur an MVA.

This California version of the Nassau Simple Annuity requires a one-time premium payment and offers a fixed interest rate guaranteed for either 4 or 6 years. During the guarantee period, policyholders can access limited penalty-free withdrawals and are eligible for favorable treatment of Required Minimum Distributions. At term end, owners may choose to withdraw, renew, or select a new guarantee period. Upon the owner’s death, beneficiaries receive the contract value without penalties. The policy includes a terminal illness waiver and has clearly defined surrender charges and a minimum guaranteed rate, specifically applicable to contracts issued in California.

At the end of the guarantee period, the contract enters a 30-day renewal window during which the owner may surrender any amount without surrender charges or MVA, renew for the same guarantee period (if available), or renew into a different available guarantee period. If no election is made during this window, the contract renews automatically for the same guarantee period (or nearest available term) at the declared renewal rate.

The surrender value equals the contract value minus any applicable surrender charges and MVA. (MVA may increase or decrease the amount received, depending on interest rate conditions at the time of withdrawal or surrender.)

The Nassau Simple Annuity for California is a single-premium, multi-year guaranteed annuity issued by Nassau Life and Annuity Insurance Company. Designed for individuals seeking predictable growth and principal protection, it provides guaranteed interest rates locked in for fixed terms of 4 or 6 years. The product offers annual free withdrawals, multiple annuity payment options, and a death benefit without surrender charges. Tailored for conservative investors and retirement savings, this California-specific version emphasizes stability and guaranteed returns with no ongoing premium obligations.

Withdrawals exceeding the annual free-withdrawal amount, or a full surrender during the guarantee period, are subject to surrender charges and may also incur an MVA. Charges decline by contract year until reaching 0% after the schedule ends, and the contract provides a penalty-free opportunity during the 30-day window at the end of the guarantee period.

, not reduced by surrender charges or MVA.

The contract includes waivers that may allow qualifying withdrawals without surrender charges and MVA, including a 

 waiver, subject to contract provisions and state availability.

Owners may take annual withdrawals up to the

 without surrender charges or MVA; withdrawals above that amount during the surrender period may be subject to surrender charges and MVA.

Simple Annuity is a Single Premium Deferred Annuity (SPDA) that credits a fixed interest rate for the full duration of the selected 4- or 6-year guarantee period. The owner makes a one-time premium payment and interest grows tax-deferred. The contract includes a 5% Free Withdrawal Amount, and withdrawals above the free amount during the surrender-charge period may be subject to surrender charges and a Market Value Adjustment (MVA). At the end of the guarantee period, the contract includes a 30-day window allowing surrender/transfer/renewal without surrender charges or MVA.

At the end of the selected guarantee period, the contract enters a 

 during which the owner may renew (if available), surrender, or transfer without surrender charges or MVA; if no election is made, renewal occurs under contract terms at then-current declared rates.

The surrender value equals the contract value minus any applicable surrender charges and MVA, subject to minimum nonforfeiture requirements.

 is a single-premium Multi-Year Guaranteed Annuity (MYGA) issued by 

 that provides fixed, tax-deferred interest growth and principal protection across 

guarantee periods. It is designed for conservative savers seeking predictable accumulation with contractually guaranteed rates insulated from market volatility, along with limited liquidity through an available annual free withdrawal feature.   

Nassau – MYAnnuity® 5X/7X (California)

Nassau Life - MYAnnuity 5X/7X

Nassau – Simple Annuity (California) (4- and 6-Year Terms)

Nassau Life – Simple Annuity (4- and 6-year terms)