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A.M. Best B++

James Alden

Experienced Financial Advisor

25 years

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Nassau Bonus Annuity (Group C) Income Benefit

With roots tracing back to 1851, the Nassau Life and Annuity Company finds itself in the annuity and life insurance industry. Despite selling other retirement products as well, Nassau Life is mostly known for its diverse portfolio of annuity solutions, from fixed-rate to fixed-indexed annuities. Even more particularly, the company has distinguished itself for its deferred multi-year guarantee annuity known as the ‘Nassau Life Simple Annuity 6’ product. Nassau Life’s mission is to provide practicality above all else to its customers, by way of helping them achieve financial security in retirement. Nassau is always working harder to be your carrier of choice. We build creative products that can help protect people’s savings, deliver guaranteed income, and help pay for health care costs in retirement. We’re dedicated to providing you with best-in-class service. We seek to keep things simple and will have your back in the years to come. Nassau Financial Group is headquartered in Hartford, Connecticut with $24 billion in assets under management and 379,000 policyholders. We have been doing this a long time - 170+ years - but we remain humble enough to always try to improve.

Nassau Bonus Annuity (Group C) Income Benefit

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Ratings:

A.M. Best B++

About Product

Type

Fixed Index

Purpose

Lifetime Income

Premium Bonus

10%

Term

9 Years

Surrender schedule

8.6%7.6%6.6%5.6%4.6%3.6%2.5%1.5%0.4%

Fee withdrawal:

10%

Market Value Adjustment

Yes

Return Of Premium

Yes

Minimum Contribution

$15,000

Maximum Contribution

$1,000,000

Max Age Qualified

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

Launch Date

02/09/2023

Nassau Bonus Annuity is a Single Premium Accumulation-Focused Fixed Indexed Annuity with a Premium Bonus and Guaranteed Lifetime Withdrawal Benefit Options.

Available in states: CA

Allocation Accounts

Name	Type	Rates
1-Year Sunrise Smart Passage SG Participation Rate	Nassau Sunrise Annual	60% Participation
2-Year Sunrise Smart Passage SG Participation Rate	Nassau Sunrise Biennial	110% Participation
1-Year Sunrise Smart Passage SG Enhanced Participation Rate	Nassau Sunrise Annual	83% Participation
2-Year Sunrise Smart Passage SG Enhanced Participation Rate	Nassau Sunrise Biennial	150% Participation
1-Year Fixed Account	Fixed	3% Fixed
2-Year Nasdaq-100 PTP Enhanced Participation Rate	Point to Point Biennial	48% Participation
1-Year S&P 500 PTP Cap	Point to Point Annual	6.75% Cap
1-Year S&P 500 PTP Participation Rate	Point to Point Annual	35% Participation
2-Year S&P 500 PTP Participation Rate	Point to Point Biennial	45% Participation
1-Year S&P 500 PTP Enhanced Participation Rate	Point to Point Annual	47% Participation
2-Year S&P 500 PTP Enhanced Participation Rate	Point to Point Biennial	62% Participation
1-Year Nasdaq-100 PTP Participation Rate	Point to Point Annual	25% Participation
2-Year Nasdaq-100 PTP Participation Rate	Point to Point Biennial	35% Participation
1-Year Nasdaq-100 PTP Enhanced Participation Rate	Point to Point Annual	35% Participation

Surrender schedule

Year	1	2	3	4	5	6	7	8	9
Penalty	9%	8%	7%	6%	5%	4%	3%	2%	0%

Riders

Name	Inbuilt	Fee
Bonus Annuity Amplified Income Plus	Yes	0.95% annually (1.50% max)
Bonus Annuity Amplified Income Plus with Rising Income Opportunity	Yes	0.95% annually (1.50% max)

Waivers

Terminal Illness

Surrender charges are waived (though an MVA and recovery of non-vested premium bonus will still apply) if the contract owner becomes ill and is diagnosed with a terminal illness (a life expectancy of 6 months or less), on or after the first contract anniversary.

Withdrawal Provisions

Withdrawals

Withdrawals up to the contract’s free withdrawal amount are free of fees and charges.
Withdrawals for Required Minimum Distributions (RMDs) associated with this contract will not incur surrender charges, Market Value Adjustment (MVA), or recovery of non-vested premium bonus.
Withdrawals prior to rider exercise (if elected) reduce the income benefit base, but do not stop growth of the reduced income benefit base
Any withdrawals may be subject to federal and state income tax.
Withdrawals exceeding the free withdrawal amount during the surrender charge period (also known as “excess withdrawals”) will be subject to surrender charges, recovery of non-vested premium bonus amounts and MVA. Withdrawals exceeding the free withdrawal amount in any year will be subject to pro-rated rider and strategy fees (if applicable).
Withdrawals are always taken from the fixed account value first. Afterwards, withdrawals are taken proportionately from indexed accounts. Withdrawals taken from indexed accounts will be excluded when calculating index credits.

Free Withdrawals
Each year during your annuity’s surrender charge period you may withdraw up to 10% (the free withdrawal amount) of your contract value, free of surrender charges, a Market Value Adjustment (MVA), recovery of non-vested premium bonus and prorated rider and strategy fees. Any withdrawals taken during an index segment will not qualify for partial index credit at the end of the segment.

Market Value Adjustment (MVA)

Applies during the surrender charge period
Adjustment may be positive or negative depending on the change in the interest rates since contract issue
The maximum positive adjustment to the cash surrender value cannot exceed the maximum negative adjustment
Applies when surrender charges are waived under the nursing home waiver or terminal illness waiver (see “Surrender Charges” below for details
MVA is waived on withdrawals under the contract’s free withdrawal amount, on death benefit and on annuitization