Nassau MYAnnuity® 5X/7X
Put your retirement savings to work for your future.
Product Overview
Snapshot
Portfolio Position
Nassau MYAnnuity 5X,7X is a single-premium, multi-year guaranteed annuity that offers your clients protection from market volatility, a choice of 5 or 7 year guarantee periods (in most states), and two free withdrawal options.
Consumer Description
This product may be appropriate for individuals who:
- Seek to accumulate money for retirement1
- Have a conservative risk tolerance and want to grow an inheritance or other lump sum
- Want to secure a fixed annuity payment but not immediate income
Marketing Materials
Sales Support
Sales Tools
Required Training
What Is a MYGA?
Contract Details
Sample Contract
Nassau MYAnnuity 5X, 7X Sample Contract- with free withdrawal option (ICC18IFDA)
Nassau MYAnnuity 5X, 7X Sample Contract - with no free withdrawal option (ICC18IFDAN)
Nassau NY IRA MYAnnuity 5x Sample Contract - with free withdrawal option (NY-17IMGA)
Nassau NY IRA MYAnnuity 5x Sample Contract - with no free withdrawal option
It's Even Easier to Sell Our MYGAs
At Nassau, we strive to help you submit your business, your way. You can access both Nassau Simple Annuity and Nassau MYAnnuity® 5X/7X on our mobile website, unlocking a digital-first experience for all of our MYGAs*. Through our digital sales program, quickly and easily receive your shareable code/link that enables clients to apply on our mobile website in just fifteen minutes from any device.
*Mobile website currently not available for Nassau MYAnnuity 5X in NY. For NY or CA applications, submit via eApp.
Two Ways to Submit:
Important Disclosures
Nassau reserves the right to revise declared rates at any time.
FOR PRODUCER USE ONLY. NOT FOR USE WITH THE GENERAL PUBLIC AS SALES LITERATURE.
An investment in the contract is subject to possible loss of principal and earnings, since a surrender charge and market value adjustment may apply to withdrawals or upon surrender of the contract.
Nassau MYAnnuity 5X/7X (18IFDAP, ICC18IFDAP, ICC18IFDANP) is issued by Nassau Life and Annuity Company (Hartford, CT). In California, Nassau Life and Annuity Company does business as “Nassau Life and Annuity Insurance Company.” Nassau Life and Annuity Company is not authorized to do business in ME, and NY. In New York (5X), Nassau MyAnnuity (17IMGA) is issued by Nassau Life Insurance Company (East Greenbush, NY). Guarantees are based on the claims paying ability of the issuing company.
Nassau Life Insurance Company and Nassau Life and Annuity Company are subsidiaries of Nassau Financial Group. The insurers are separate entities and each is responsible only for its own financial condition and contractual obligations.
Product features, options and availability may vary by state.
Annuities are long-term products. Annuities held within qualified plans do not provide any additional tax benefit. With certain exceptions, surrender charges apply to withdrawals taken during the initial Guarantee Period and a market value adjustment, which may increase or decrease the amount received upon withdrawal, may also apply at any time.
All or a portion of amounts withdrawn are subject to ordinary income tax, and if taken prior to age 59 1⁄2, a 10% IRS penalty may also apply. We do not provide tax, financial or investment advice, or act as a fiduciary in the sale or service of the product. Consult a tax advisor or financial representative about your specific circumstances.
This is a brief description of Nassau MYAnnuity, a modified single premium deferred annuity. This summary is for informational purposes only. Please refer to product materials for any other specific information including limitations, exclusions and charges.
Nassau MYAnnuity is an insurance contract, not an investment; it doesn’t provide ownership of any stocks, bonds, index funds, or any other securities.
Insurance Products: Not FDIC or NCUAA Insured, No Bank or Credit Union Guarantee.
BPD40493
05-24
