Nassau Growth Annuity 10 (Group C)

Nassau Life and Annuity Company
Nassau Growth Annuity 10 (Group C)-brochure Nassau Growth Annuity 10 (Group C)-brochure

Nassau Growth Annuity 10 (Group C)

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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
  • 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.

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