What is the minimum guaranteed surrender value for Nassau Life – Simple Annuity (4- and 6-year terms)?

Simple Annuity is a Single Premium Deferred Annuity (SPDA) that credits a fixed interest rate for the full duration of the selected 4- or 6-year guarantee period. The owner makes a one-time premium payment and interest grows tax-deferred. The contract includes a 5% Free Withdrawal Amount, and withdrawals above the free amount during the surrender-charge period may be subject to surrender charges and a Market Value Adjustment (MVA). At the end of the guarantee period, the contract includes a 30-day window allowing surrender/transfer/renewal without surrender charges or MVA.

What is the minimum premium amount for Nassau Life – Simple Annuity (4- and 6-year terms)?

The minimum premium amount is $5,000.

What is the maximum issue age for Nassau Life – Simple Annuity (4- and 6-year terms)?

The maximum issue age is 85 years.

What is the current interest rate for Nassau Life – Simple Annuity (4- and 6-year terms)?

The current interest rate is 5.15%.

What is the surrender charge schedule for Nassau Life – Simple Annuity (4- and 6-year terms)?

Withdrawals exceeding the annual free-withdrawal amount, or a full surrender during the guarantee period, are subject to surrender charges and may also incur an MVA. Charges decline by contract year until reaching 0% after the schedule ends, and the contract provides a penalty-free opportunity during the 30-day window at the end of the guarantee period.

What are the best rates available for Nassau Life – Simple Annuity (4- and 6-year terms)?

The best available rate is 5.40% for a 6 year term.

Nassau Life

Nassau Life – Simple Annuity (4- and 6-year terms)

About this product

Nassau Life – Simple Annuity is a single-premium Multi-Year Guaranteed Annuity (MYGA) issued by Nassau Life and Annuity Company that provides fixed, tax-deferred interest growth and principal protection across 4- and 6-years guarantee periods. It is designed for conservative savers seeking predictable accumulation with contractually guaranteed rates insulated from market volatility, along with limited liquidity through an available annual free withdrawal feature.

Available Rates

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

4 Years	5.15%
6 Years	5.40%

Available Guarantee Periods

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

$5,000.00 - $1,000,000.00

5.15%

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