In this video series, you'll learn about Nassau Bonus Annuity, a single premium deferred fixed indexed annuity that offers a guaranteed up-front premium bonus, growth opportunities, and principal protection. You’ll also receive an overview of the optional Guaranteed Lifetime Income riders, available for a fee. These riders can help your clients find the right balance between guaranteed, predictable income, and the opportunity for growing that income in later years.
Nassau Bonus Annuity immediately adds a premium bonus to the contract value. The initial premium plus premium bonus helps jumpstart savings while providing growth potential for the future. The premium bonus is not immediately available for withdrawal and vests over time.
Nassau Bonus Annuity offers a variety of indexed accounts that can potentially credit interest during times of positive market performance. Nassau Bonus Annuity also helps guard against market losses with principal protection.
With Nassau Bonus Annuity, your clients can withdraw up to 10% of their contract value each year without incurring any charges or fees. However, withdrawals above this amount may be subject to surrender charges, a market value adjustment, recovery of non-vested premium bonus, and pro-rated rider and strategy fees, if applicable.
Nassau Bonus Annuity offers the potential to grow future guaranteed income payments based on the performance of the fixed indexed annuity contract. Clients may select from one of two optional guaranteed lifetime income riders, each available for an additional fee: Amplified Income Plus and Amplified Income Plus with Rising Income Opportunity (RIO).
Learn how the optional riders available with Nassau Bonus Annuity include features that can grow the income benefit base and how this impacts the guaranteed lifetime income payment.
Amplified Income Plus includes a Steady Income stream, while Amplified Income Plus with RIO includes a Rising Income Opportunity. The amount of the guaranteed income payment and whether or not it changes over time will vary. The amount will change based on the option chosen, when the rider is exercised, and the performance of the annuity contract.
Understand how withdrawals taken from the annuity's contract value will impact future guaranteed income payments.
Each year, a fee will be deducted from the contract value. The fee is equal to 0.95% multiplied by the Income Benefit Base for both the Amplified Income Plus and Amplified Income Plus with RIO riders.
Receive a recap of Amplified Income Plus and Amplified Income Plus with RIO’s benefits, including similarities and key distinctions.
Combining an upfront premium bonus with robust growth potential, Nassau Bonus Annuity provides strong value for retirees looking for guarantees today with future upside potential.
Important Disclosures
For Producer Use Only. Not for distribution to the public.
Product sales must be appropriate based on a comprehensive evaluation of the customer's financial situation, needs, and objectives. Nassau does not provide financial, investment or tax advice or act as a fiduciary in the sale or service of its products.
This material is provided by Nassau Life and Annuity Company, which issues the annuity described in this video. This material is intended for general use with the public and is not meant to provide any individualized tax or financial planning advice. We encourage you to consult with a financial professional who can tailor a financial plan to meet your needs. Nassau and its affiliates have a financial interest in the sale of their products.
Product features, rider options, and availability may vary by state.
Lifetime payments and guarantees are based on the claims-paying ability of Nassau Life and Annuity Company.
Annuities are long-term products particularly suitable for retirement assets. Annuities held within qualified plans do not provide any additional tax benefit. Early withdrawals may be subject to surrender charges and a market value adjustment. Withdrawals are subject to ordinary income tax, and if taken prior to age 59½, a 10% IRS penalty may also apply. Tax references are based on current laws and are subject to change.
Interest rates and indexed account crediting rates are subject to change. The Fixed Account may earn a specified rate of interest of 1% or greater. While the value of each indexed account is affected by the value of an outside index, the contract does not directly participate in any stock, bond or equity investment. Dividend payments and distributions are not received from any index or component of any index. Nassau may change, add or eliminate indexed accounts. Certain accounts may not be available in all states. Although index credits are never less than 0%, it is possible for the contract to lose value if index credits are less than rider and strategy fees. Riders involve an added fee that is deducted from the contract value. Riders as well as terminal illness and nursing home waivers are only available for issue ages 80 and below. Nursing home waiver is not available in CA.
Non-Security Status Disclosure – The Contract is not a Security. The Contract is not registered under the Securities Act of 1933 and is being offered and sold in reliance on an exemption therein.
Insurance Products: NOT FDIC or NCUAA Insured | NO Bank or Credit Union Guarantee
Nassau Bonus Annuity (19FIA3, ICC19FIA3, 19GLWB3, ICC19GLWB3.1) 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 conduct business in ME and NY, but that is subject to change. Nassau Life and Annuity Company is a subsidiary of Nassau Financial Group.
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