What is the minimum guaranteed surrender value for Nassau Life – MYAnnuity 5X/7X (California) (10% Free)?

MYAnnuity® 5X/7X (California) is a Single Premium Deferred Annuity (SPDA) that credits a fixed interest rate for the full duration of the selected 5-year or 7-year guarantee period. The owner makes a one-time premium payment and the interest rate is locked at issue, providing predictable, tax-deferred growth without exposure to market volatility. This version includes annual free withdrawals of up to 10% of the contract value without surrender charges or Market Value Adjustment (MVA). Withdrawals exceeding the free withdrawal amount, or a full surrender during the guarantee period, may be subject to surrender charges and may also incur an MVA, except where waiver provisions apply. At the end of the guarantee period, the contract enters a renewal window that allows renewal, term change (if available), or surrender without surrender charges or MVA.

What is the minimum premium amount for Nassau Life – MYAnnuity 5X/7X (California) (10% Free)?

The minimum premium amount is $15,000.

What is the maximum issue age for Nassau Life – MYAnnuity 5X/7X (California) (10% Free)?

The maximum issue age is 85 years.

What is the current interest rate for Nassau Life – MYAnnuity 5X/7X (California) (10% Free)?

The current interest rate is 5.2%.

What is the surrender charge schedule for Nassau Life – MYAnnuity 5X/7X (California) (10% Free)?

Withdrawals exceeding the annual 10% free withdrawal amount, or a full surrender during the guarantee period, are subject to surrender charges and may also incur a Market Value Adjustment (MVA), except where waiver provisions apply. Surrender charges generally decline each contract year and reach 0% at the end of the guarantee period. All funds become fully penalty-free at the end of the guarantee period or during the 30-day renewal window.

What are the best rates available for Nassau Life – MYAnnuity 5X/7X (California) (10% Free)?

The best available rate is 5.25% for a 7 year term.

Nassau Life

Nassau Life – MYAnnuity 5X/7X (California) (10% 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 10% Free version includes an annual liquidity feature that allows limited access during the guarantee period while maintaining predictable, guaranteed accumulation. It is designed for conservative savers who want long-term guaranteed growth but still want annual access to a portion of the contract value.

Available Rates

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

5 Years	5.20%
7 Years	5.25%

Available Guarantee Periods

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

$10,000.00 - $1,000,000.00

5.2%

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