What is the minimum guaranteed surrender value for Nassau Life - MYAnnuity 5X/7X?

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.

What is the minimum premium amount for Nassau Life - MYAnnuity 5X/7X?

The minimum premium amount is $15,000.

What is the maximum issue age for Nassau Life - MYAnnuity 5X/7X?

The maximum issue age is 85 years.

What is the current interest rate for Nassau Life - MYAnnuity 5X/7X?

The current interest rate is 5.4%.

What is the surrender charge schedule for Nassau Life - MYAnnuity 5X/7X?

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).

What are the best rates available for Nassau Life - MYAnnuity 5X/7X?

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

Nassau Life

Nassau Life - MYAnnuity 5X/7X

About this product

The Nassau MYAnnuity® 5X/7X is a single-premium Multi-Year Guaranteed Annuity (MYGA) designed to provide fixed, tax-deferred growth with a guaranteed interest rate for either a 5-year or 7-year guarantee period. At issue, the owner elects either a 10% free withdrawal 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.

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