Nassau Life – MYAnnuity 5X/7X (California) (0% Free)
About this product
The Nassau MYAnnuity® 5X/7X (California) 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. This 0% Free version is issued with no free withdrawal provision, allowing the contract to credit higher guaranteed interest rates for clients who intend to hold funds for the full guarantee period. It is designed for conservative accumulation where maximum guaranteed yield is the primary goal.
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
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