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Active Product: Nassau – Simple Annuity (California) (4- and 6-Year Terms)
Nassau – Simple Annuity (California) (4- and 6-Year Terms)
About this product
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.
Important Disclaimer
The results displayed here are for simulation purposes only and do not represent financial advice or real-world values. Please consult a qualified financial professional before making any investment decisions.
Available Rates
| 4 Years | 5.15% |
| 6 Years | 5.40% |
Available Guarantee Periods
Rates based on investment amount $100,000.00
| $5,000.00 - $1,000,000.00 | 5.15% |
Features
| Maximum Issue Age | 85 years |
Growth Projection
How your money grows
Based on your issue age (80) and target payout age (86), the following guarantee period will be applied:
| Guarantee Period | 6 years |
| Rate | 5.40% |
| Age | 80 - 86 |
Summary
| Total years to payout | 10 |
| Total guarantee periods applied | 2 |
Lifetime Income Details
Payout Options
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