Company Information
Company Name
Nassau Financial Group
Product Name
Nassau Life Simple Annuity 4
Description
This is a single premium, compounding rate fixed annuity with a four-year rate guarantee. After four years, owners have a 30-day window to withdraw, transfer, or renew their account balance. If no option is chosen, the account will renew for a new term. This policy accepts both qualified and non-qualified funds and includes a Market Value Adjustment.
AM Best Rating
B++
URL
Product Type
MYGA (Multi-Year Guaranteed Annuity)
Free Withdrawals Yr1 / Yr2+
5% / 5%
Rate
5.00%
Term
4 Years
Minimum Investment
$ 5,000
Maximum Investment
$1,000,000 without prior approval
Maximum Age
85
Surrender Schedule
9%, 8%, 7%, 6%, 0%
What We Like About This Annuity
Low miniums to start and free 5% withdrawals in all years. No surrender or negative MVA charges at death. Prompt customer service assistance.
Notable Features
At no cost, this policy includes both a Nursing Home and Terminal Illness waiver. If approved, this allows for full surrender of the contract with no charges or penalties.
Other Popular Products
Nassau also offers competitively priced Medicare Supplements with a strong renewal history. However, they may be best known for their indexed annuities with lifetime income withdrawals. This income can double to cover healthcare needs (5 year max) - even when the account value is zero.
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About Nassau Life and Annuity Company
Headquartered in Hartford, Connecticut, Nassau Life boasts over $24 billion in assets under management. They were founded in 1851 and specialize in fixed and indexed annuities as well as Medicare Supplement policies.
Their stated mission is to be consumers’ carrier of choice proven by their 374,000 policies and contracts currently in force.