What is the minimum guaranteed surrender value for Nassau MYAnnuity® 5X/7X (without free withdrawals)?

The policy accepts only a single premium payment between $10,000 and $1,000,000, with no additional contributions allowed. It offers guaranteed interest rates based on the duration of the selected term and withdrawal election. After the guarantee period ends, clients may surrender, renew with the same or different term, or allow automatic renewal. Withdrawals are allowed under certain conditions, and death benefits are paid to beneficiaries without surrender charges or market value adjustments.

What is the minimum premium amount for Nassau MYAnnuity® 5X/7X (without free withdrawals)?

The minimum premium amount is $10,000.

What is the maximum issue age for Nassau MYAnnuity® 5X/7X (without free withdrawals)?

The maximum issue age is 85 years.

What is the current interest rate for Nassau MYAnnuity® 5X/7X (without free withdrawals)?

The current interest rate is 5.75%.

What is the surrender charge schedule for Nassau MYAnnuity® 5X/7X (without free withdrawals)?

Withdrawals above the free withdrawal amount during the guarantee period may incur surrender charges and a Market Value Adjustment (MVA). The surrender charge schedule is as follows: For the 5-year plan: 9%, 8%, 7%, 6%, 5%, 0%, 0% For the 7-year plan: 9%, 8%, 7%, 6%, 5%, 4%, 3% Surrender charges and MVA are waived upon the contract owner’s death, annuitization after the first year, or qualifying nursing home or terminal illness waiver. A 30-day window at the end of the term allows full surrender without charges or MVA.

What are the best rates available for Nassau MYAnnuity® 5X/7X (without free withdrawals)?

The best available rate is 5.80% for a 7 year term.

Nassau Life

Nassau MYAnnuity® 5X/7X (without free withdrawals)

About this product

Nassau MYAnnuity® 5X/7X is a single-premium multi-year guarantee annuity issued by Nassau Life and Annuity Company. It is designed to help clients accumulate assets on a tax-deferred basis with guaranteed interest rates over either a 5-year or 7-year term. This annuity is best suited for individuals seeking stability and predictable growth in their retirement portfolio

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

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