Nassau MYAnnuity® 5X/7X (California)-(without free withdrawals)
About this product
Nassau MYAnnuity® 5X/7X is a single-premium multi-year guarantee annuity issued by Nassau Life and Annuity Insurance Company. It allows individuals to lock in a fixed interest rate for either 5 or 7 years, with optional annual free withdrawals up to 10%, depending on the initial election. This annuity is designed for those seeking predictable growth and protection of their premium, especially suited for retirement-focused investors. Payments and guarantees are based on the claims-paying ability of the issuing company.
Available Rates
Rates are based on current simulation settings with premium amount $100,000.00
| 5 Years | 5.75% |
| 7 Years | 5.80% |
Available Guarantee Periods
Rates are based on current simulation settings with premium amount $100,000.00
| $10,000.00 - $1,000,000.00 | 5.75% |
| 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