Nassau MYAnnuity (0% Free WD) 7
Multi-Year Guarantee Annuity
The Nassau MYAnnuity (0% Free WD) 7 is a deferred multi-year guarantee annuity issued by Nassau Life and Annuity Company.
The current 7 year guarantee period annual yield is 5.65% (see Rate Details below). This is the guaranteed annual yield, including bonuses if applicable, for the initial guarantee period term, up to the first penalty free full withdrawal window. The Nassau MYAnnuity (0% Free WD) 7 has a full penalty free withdrawal window after 7 years.
This annuity also waives withdrawal penalties upon death. Your named beneficiary(ies) will receive a death benefit equal to the full accumulation value. A beneficiary may choose to receive their death benefit in either a lump sum or select an available annuitization option.
Details on additional penalty waivers can be found in the Penalty Free Withdrawal Provisions section below.
Nassau Life and Annuity Company is rated “B++” by A.M. Best, was founded in 1981, and has over $2.7 billion in total assets.
|
Apr 1st, 2024
|
|
|
7 years
|
| Current | |
|---|---|
| 7 Year Guarantee Period Annual Yield: | 5.65% |
| Interest rate start of year 1 through end of year 7: | 5.65% |
7 years
7 years
7 years
State variations may exist, refer to product disclosure for details.
|
$10,000
|
$10,000
|
|
$1,000,000
|
$1,000,000
|
|
85
|
85
|
|
60 days
|
Yes
|
|
Accumulation Value
|
No
|
|
None
|
None
|
|
No
|
Yes
|
See product brochure, disclosure and riders for additional details, limitations and availability. State variations, age restrictions and holding periods may apply.
Not available in: CA, ME and NY (as of 02/22/2023)
Description Here
