Nassau Growth Annuity 10 (Group C)
Nassau Growth Annuity 10 (Group C)
Your Email
Ratings:
- A.M. Best B++
About Product
Type
Fixed Index
Purpose
Accumulation
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
85
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
08/05/2019
Growth Annuity 10 - Single premium accumulation-focused fixed indexed annuity with guaranteed lifetime withdrawal benefit options.
Notes
Notes
- Our products are issued through Nassau Life Insurance and Annuity Company in California.
- 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:
CA
Allocation Accounts
Name | Type | Rates |
---|---|---|
2-Year Sunrise Smart Passage SG Enhanced Participation Rate |
Nassau Sunrise
Biennial
|
200%
Participation
|
2-Year Sunrise Smart Passage SG Participation Rate |
Nassau Sunrise
Biennial
|
160%
Participation
|
1-Year Sunrise Smart Passage SG Participation Rate |
Nassau Sunrise
Annual
|
95%
Participation
|
1-Year Sunrise Smart Passage SG Enhanced Participation Rate |
Nassau Sunrise
Annual
|
116%
Participation
|
1-Year Fixed Account |
Fixed
|
4.2%
Fixed
|
1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
52%
Participation
|
1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
9.5%
Cap
|
2-Year S&P 500 PTP Enhanced Participation Rate |
Point to Point
Biennial
|
83%
Participation
|
2-Year S&P 500 PTP Participation Rate |
Point to Point
Biennial
|
67%
Participation
|
1-Year S&P 500 PTP Enhanced Participation Rate |
Point to Point
Annual
|
65%
Participation
|
1-Year Nasdaq-100 PTP Participation Rate |
Point to Point
Annual
|
36%
Participation
|
1-Year Nasdaq-100 PTP Enhanced Participation Rate |
Point to Point
Annual
|
46%
Participation
|
2-Year Nasdaq-100 PTP Participation Rate |
Point to Point
Biennial
|
52%
Participation
|
2-Year Nasdaq-100 PTP Enhanced Participation Rate |
Point to Point
Biennial
|
65%
Participation
|
Surrender schedule
Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 |
---|---|---|---|---|---|---|---|---|---|
Penalty | 9% | 8% | 7% | 6% | 5% | 4% | 3% | 2% | 0% |
Riders
No Riders for Nassau Growth Annuity 10 (Group C) annuity.
Waivers
Terminal Illness
Surrender charges are waived (though an MVA will still apply) if the contract owner becomes ill and is confined to a hospital or nursing home for at least 90 consecutive days, or is diagnosed with a terminal illness (a life expectancy of 6 months or less), on or after the first contract anniversary. Terminal Illness only available for issue ages 80 and below. (Subject to state availability)
Withdrawal Provisions
Free Withdrawals
Each year during the annuity’s surrender charge period, a withdrawal up to the contract’s free withdrawal amount may be taken free of surrender charges and Market Value Adjustment (MVA), and (if applicable) pro-rated rider and strategy fees. After the specified Surrender Period, surrender charges and MVA no longer apply.
First Year Free Withdrawal
10% or RMD amount, if greater. Certain year 1 restrictions may apply on RMD's.
Withdrawal Years 2+: 10% or RMD amount, if greater.
Each year during the annuity’s surrender charge period, a withdrawal up to the contract’s free withdrawal amount may be taken free of surrender charges and Market Value Adjustment (MVA), and (if applicable) pro-rated rider and strategy fees. After the specified Surrender Period, surrender charges and MVA no longer apply.
First Year Free Withdrawal
10% or RMD amount, if greater. Certain year 1 restrictions may apply on RMD's.
Withdrawal Years 2+: 10% or RMD amount, if greater.