Learn how Nassau's Personal Income Annuity product features work to offer protection from market loss and lifetime income via a choice of two guaranteed minimum withdrawal benefit riders. Or enroll in the interactive online course with virtual quizzes on our consumer-friendly education center.
Personal Income Annuity is designed to help address three of your client's retirement income needs: protection, flexibility, and growth. Your client can secure income for life via a choice of two guaranteed minimum withdrawal benefit riders, flexibly meet their individual time horizon and needs, as well as potentially accumulate the contract value while protecting against market downturns.
Personal Income Annuity offers a choice of two income riders. They are called the "Income Strategy: Today" and "Income Strategy: Tomorrow" riders. This video details an overview of their design.
Learn more about the "Annual Benefit Amount," the guaranteed income payments provided by the income benefit rider.
Learn how the income benefit base is determined and grows as part of "Income Strategy: Today".
Learn how the income benefit base is determined and grows as part of "Income Strategy: Tomorrow".
Withdrawals that are not income benefit payments can reduce the income benefit. Understand the impacts of decreases of the income benefit base on future roll-ups and future income benefit payments.
In this video we detail the impacts of significant life events on the income benefit for both the "Single Life Option" as well as the "Joint Life Option".
The "Income Strategy: Today" and "Income Strategy: Tomorrow" riders are available for an annual fee. Better understand how this fee impacts the product and your clients.
Important Disclosures
The videos shown as a part of this series are for general information purposes only. The features and applicable conditions discussed in the above videos and attached glossary may vary by specific product offering. Completion of the informational series and accompanying questionnaires does not certify that an individual has completed all necessary requirements to make a suitable purchasing decision. Additional information beyond what is provided in the video series contained herein may be required. Please consult with a financial professional for additional information before making a purchasing decision.
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