In this video course, you'll learn about the four optional Guaranteed Lifetime Income riders available with Nassau Growth Annuity® (NGA), our accumulation-focused deferred fixed indexed annuity. They will help your clients find the right balance between guaranteed and predictable income and the opportunity for growing income in later years for different fees.
Nassau Growth Annuity offers the potential to grow your client’s future guaranteed income payments based on the performance of the fixed indexed annuity contract. Your client may select from one of four guaranteed lifetime income riders, each available for an additional fee.
Upon issue of each of NGA's four riders, an income benefit base is set at the contract value that has the potential to grow over time. This income benefit base determines the amount of the guaranteed income payment. The more the income benefit base grows, the more the potential income payment also builds.
In exchange for a higher fee, your client can guarantee that the income benefit base continues to grow with 3% simple interest roll ups, regardless of the contract’s performance, for up to 15 years or until rider exercise (if sooner).
When your client decides to start taking income, do they want a steady check each month or do they want the opportunity for that check to potentially increase over time? Two of NGA’s riders have options for Steady Income, two with Rising Income Opportunity.
Your client may ask how to go about choosing a rider option. Let us help you by asking a few important questions.
Nassau Growth annuity offers some liquidity should your client’s needs change over time.
Each year, a fee will be deducted from your client's contract value. The fee is equal to 0.25% for Amplified Income and Amplified Income with RIO riders, and 0.95% for Amplified Income Plus and Amplified Income Plus with RIO riders—multiplied by the Income Benefit Base.
Review the core product features and benefits for NGA’s income riders one last time.
Important Disclosures
For producer use only. Not for use in solicitation or advertising to the public.
Product features, rider options, and availability may vary by state.
This information is provided by Nassau for educational purposes only. It is not individualized to address any specific financial objective and is not intended as investment, legal or financial advice.
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. 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.
Interest rates and indexed account crediting rates are subject to change.
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.
Nassau Growth Annuity (19FIA3, ICC19FIA3, 19GLWB3, ICC19GLWB3, ICC19ECH and 19ECH) 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.
Insurance Products: NOT FDIC or NCUAA Insured | NO Bank or Credit Union Guarantee
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