Fixed index annuity review and rates

Personal Income Annuity (Group B)

Personal Income Annuity is a fixed indexed annuity designed to help address three of your retirement income needs: 
  • Protection: Securing income for life with an optional guaranteed lifetime income benefit.
  • Flexibility: Meeting your individual time horizon and needs.
  • Growth: Accumulating your assets while protecting against market downturns.
Personal Income Annuity includes a choice of guaranteed minimum withdrawal benefit riders that can provide you with a guaranteed income stream for life. Whether you want to begin your guaranteed income immediately or at a future date, each rider offers competitive income enhancing features to maximize your potential guaranteed benefits. Your guaranteed income amount will depend on your Income Benefit Base, age at issue, age at rider exercise and whether you elect a Single or Spousal benefit. 

Income Benefit
Income Today if withdrawals begin:
Year 1 30%
Year 2 37.5%
Year 3 45%
Plus 3% simple roll-up years 3-10 Income Tomorrow: Annual roll-up amount: 14% Restart available

Income Tomorrow:
Annual roll-up amount: 14% Restart available 
Available in states: CT, DE, FL, ID, KY, MS, MT, OH, SC, TX, and WI

Allocation Accounts

Name Type Rates
2-Year Sunrise Smart Passage SG Enhanced Participation Rate
Nassau Sunrise
Biennial
85% Participation
2-Year Sunrise Smart Passage SG Participation Rate
Nassau Sunrise
Biennial
45% Participation
1-Year Sunrise Smart Passage SG Enhanced Participation Rate
Nassau Sunrise
Annual
48% Participation
1-Year Sunrise Smart Passage SG Participation Rate
Nassau Sunrise
Annual
26% Participation
1-Year Fixed Account (Variation States)
Fixed
1.2% Fixed
1-Year Fixed Account (FL Only)
Fixed
1.2% Fixed
1-Year Fixed Account
Fixed
1.2% Fixed
1-Year CSTMAI PTP Spread
Point to Point
Annual
6% Spread
1-Year S&P 500 PTP Cap
Point to Point
Annual
2% Cap
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
16% Participation
2-Year CSTMAI PTP Spread
Point to Point
Biennial
7% Spread
2-Year S&P 500 PTP Participation Rate
Point to Point
Biennial
25% Participation
1-Year S&P 500 PTP Monthly Sum Cap
Point to Point
Annual
Monthly sum
0.95% Cap
2-Year Nasdaq-100 PTP Enhanced Participation Rate
Point to Point
Biennial
31% Participation
2-Year Nasdaq-100 PTP Participation Rate
Point to Point
Biennial
17% Participation
1-Year Nasdaq-100 PTP Enhanced Participation Rate
Point to Point
Annual
21% Participation
1-Year Nasdaq-100 PTP Participation Rate
Point to Point
Annual
12% Participation
2-Year S&P 500 PTP Enhanced Participation Rate
Point to Point
Biennial
38% Participation
1-Year S&P 500 PTP Enhanced Participation Rate
Point to Point
Annual
26% Participation

Surrender schedule

Year 1 2 3 4 5 6 7 8 9 10
Penalty 10% 9% 8% 7% 6% 5% 4% 3% 2% 1%

Riders

Name Inbuilt Fee
Income Strategy: Today No 0.95% annually (1.50% max)
Income Strategy: Tomorrow No 0.95% annually (1.50% max)
Nassau Financial Group
Founded: 1851
A.M. Best: B++
S&P: B++
Carrier details
Free withdrawal
10%
Surrender schedule
10 years
Return of premium
Market value adjustment
Minimum contribution
$15,000
Types of funds
Non-Qualified, 401k, Profit Sharing, IRA, Spousal IRA, Pension, IRA Rollover, 401a, IRA Transfer, TSA 403b, SEP IRA, KEOGH, IRA-Roth, SIMPLE IRA, 457 plan, 1035 Exchange, and TSP