What is the minimum guaranteed surrender value for Nassau Simple Annuity ?

The policy allows a one-time premium contribution ranging from $5,000 to $1,000,000, with interest rates guaranteed for the full term selected. Contract holders can choose between 4- or 6-year durations, and at maturity, have a 30-day window to renew, modify, or withdraw funds without penalty. Withdrawals beyond annual limits may incur surrender charges and a market value adjustment (MVA). The policy offers several annuitization options after the first year and pays the full contract value to beneficiaries upon the owner’s death without applying surrender charges or MVA.

What is the minimum premium amount for Nassau Simple Annuity ?

The minimum premium amount is $5,000.

What is the maximum issue age for Nassau Simple Annuity ?

The maximum issue age is 85 years.

What is the current interest rate for Nassau Simple Annuity ?

The current interest rate is 5.5%.

What is the surrender charge schedule for Nassau Simple Annuity ?

Surrender charges apply for early withdrawals exceeding the free 5% annual amount during the guarantee period. For the 4-year option, charges start at 9% and decrease each year to 6% by year 4, then 0%. For the 6-year option, charges start at 9% and reduce to 4% by year 6, then 0% in year 7. These charges are waived in the event of the contract owner’s death, annuitization after year one, or qualifying nursing home or terminal illness cases. During the 30-day window following the guarantee period, withdrawals are free of surrender charges and MVA.

What are the best rates available for Nassau Simple Annuity ?

The best available rate is 5.75% for a 6 year term.

Nassau Life

Nassau Simple Annuity

About this product

Nassau Simple Annuity is a single-premium, multi-year guaranteed annuity (MYGA) designed to provide a predictable return over a selected term of 4 or 6 years. With competitive guaranteed interest rates, a simple contract structure, and penalty-free withdrawal options, the product is targeted at individuals seeking stability, modest growth, and principal protection within their retirement strategy. It includes features such as free withdrawals up to 5%, terminal illness and nursing home waivers, and a guaranteed minimum interest rate, making it a conservative yet flexible choice for long-term savings.

Available Rates

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

4 Years	5.50%
6 Years	5.75%

Available Guarantee Periods

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

$5,000.00 - $1,000,000.00

5.5%

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