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fixed annuities

Multi-Year Guarantee Annuity Details

Nassau MYAnnuity (10% Free WD) 7

Product Name

Nassau MYAnnuity (10% Free WD) 7

Annuity Type

Multi-Year Guarantee Annuity

Issuing Insurance Company and Ratings

(5th of 15 ratings)
Not Rated
Not Rated
Not Rated
Not Ranked

Product Information

The Nassau MYAnnuity (10% 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 5.60% (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 (10% Free WD) 7 has a full penalty free withdrawal window after 7 years.

During the time in which the annuity is subject to surrender penalties, there are policy provisions that allow partial access on a penalty free basis. Beginning with the first contract year, and each year thereafter, this annuity provides up to 10% (noncumulative) of the contract value may be withdrawn from the annuity each contract year without penalty.

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.

Rate Details

Premium Amount: $10,000 - $1,000,000

7 Year Guarantee Period Annual Yield: 5.60%
Interest rate start of year 1 through end of year 7: 5.60%

Initial Surrender Charge and MVA Periods

7 years

7 years

7 years

State variations may exist, refer to product disclosure for details.

Policy Details

Penalty Free Withdrawal Provisions

Annuitization, Death, Nursing Home and Terminal Illness

See product brochure, disclosure and riders for additional details, limitations and availability. State variations, age restrictions and holding periods may apply.

State Variations

Not available in:  ME and NY (as of 05/18/2024)