What is the minimum guaranteed surrender value for Nassau – MYAnnuity® 5X/7X (California)?

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.

What is the minimum premium amount for Nassau – MYAnnuity® 5X/7X (California)?

The minimum premium amount is $15,000.

What is the maximum issue age for Nassau – MYAnnuity® 5X/7X (California)?

The maximum issue age is 85 years.

What is the current interest rate for Nassau – MYAnnuity® 5X/7X (California)?

The current interest rate is 5.4%.

What is the surrender charge schedule for Nassau – MYAnnuity® 5X/7X (California)?

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.

What are the best rates available for Nassau – MYAnnuity® 5X/7X (California)?

The best available rate is 5.45% for a 7 year term.

Nassau Life

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

About this product

The Nassau MYAnnuity® 5X/7X (California) 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.

Available Rates

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

5 Years	5.40%
7 Years	5.45%

Available Guarantee Periods

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

$10,000.00 - $1,000,000.00

5.4%

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