Nassau NY MYAnnuity Rate & Reviews

Nassau MYAnnuity is a single-premium, multi-year guaranteed annuity that offers your clients protection from market volatility, a choice of 5 or 7 year guarantee periods.

Penalty-Free Withdrawals
Annual free withdrawals up to 10% are available (if elected at issue) without a surrender charge or market value adjustment (MVA) applied.

The owner can set up systematic withdrawals of a specified amount, however, the withdrawal may be subject to penalties if it is above the free amount.

Market Value Adjustment

Applies for the life of the contract, subject to certain restrictions.
During the 30-day window at the end of the initial Guarantee Period, you can surrender any amount of the contract without a surrender charge and without an MVA.
Applies to any withdrawal or surrender in excess of the Free Withdrawal option selected at issue
Can be positive or negative. There is no limit on a positive MVA.
Adjustment will never reduce the contract value below the Total Guaranteed Value (TGV)

This product may be appropriate for individuals who:

Seek to accumulate money for retirement;
Have a conservative risk tolerance and want to invest an inheritance or other lump sum;
Want to secure a fixed annuity payment but not immediate income.

Nassau NY MYAnnuity

Interest Rates