Fixed index annuity review and rates

Growth Annuity 7

Growth Annuity 7 - Single premium accumulation-focused fixed indexed annuity with guaranteed lifetime withdrawal benefit options.

Note: For basic, non-rider, plan. Riders, as well as Nursing Home and Terminal Illness Waivers, are only available for issue ages 80 and below. 
Available in states: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, MD, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY

Allocation Accounts

Name Type Rates
2-Year Sunrise Smart Passage SG Participation Rate
Nassau Sunrise
Biennial
125% Participation
2-Year Sunrise Smart Passage SG Enhanced Participation Rate
Nassau Sunrise
Biennial
168% Participation
1-Year Sunrise Smart Passage SG Participation Rate
Nassau Sunrise
Annual
70% Participation
1-Year Sunrise Smart Passage SG Enhanced Participation Rate
Nassau Sunrise
Annual
93% Participation
1-Year Fixed Account
Fixed
3.1% Fixed
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
31% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
6.75% Cap
1-Year Nasdaq-100 PTP Participation Rate
Point to Point
Annual
25% Participation
1-Year Nasdaq-100 PTP Enhanced Participation Rate
Point to Point
Annual
34% Participation
2-Year Nasdaq-100 PTP Participation Rate
Point to Point
Biennial
35% Participation
2-Year Nasdaq-100 PTP Enhanced Participation Rate
Point to Point
Biennial
47% Participation
2-Year S&P 500 PTP Enhanced Participation Rate
Point to Point
Biennial
60% Participation
2-Year S&P 500 PTP Participation Rate
Point to Point
Biennial
42% Participation
1-Year S&P 500 PTP Enhanced Participation Rate
Point to Point
Annual
43% Participation

Surrender schedule

Year 1 2 3 4 5 6 7
Penalty 9% 8% 7% 6% 5% 4% 3%
Nassau Financial Group
Founded: 1851
A.M. Best: B++
S&P: B++
Carrier details
Free withdrawal
10%
Surrender schedule
7 years
Return of premium
Market value adjustment
Minimum contribution
$15,000
Types of funds
Non-Qualified, IRA, IRA Rollover, SEP IRA, IRA-Roth, SIMPLE IRA, and TSP