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Best Guaranteed Annuity Rates
2-Year
5.70%
3-Year
6.25%
5-Year
6.50%
7-Year
5.85%
10-Year
5.80%

Nassau Growth Annuity 7

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Highlights

Growth Annuity 7 - Single premium accumulation-focused fixed indexed annuity with guaranteed lifetime withdrawal benefit options.

Note
  • 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: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY
Type
Fixed Index
Purpose Accumulation
Term
7 Years
Surrender schedule
9%8%7%6%5%4%3%
Free withdrawal
10%
Market value adjustment
Return of premium
Launch date
08/05/2019
Minimum contribution
$15,000
Maximum contribution
$1,000,000
Max Age Qualified
85
Types of funds
Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, SIMPLE IRA, and TSP
Brochure
Open brochure

Find out if the Nassau Growth Annuity 7 is the right product for you.

Withdrawal Provisions

Free Withdrawals
Each year during the annuity’s surrender charge period, 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 restriction may apply on RMD's.
Withdrawal Years 2+: 10% or RMD amount, if greater.

Allocation Accounts

Name Type Rates
2-Year Sunrise Smart Passage SG Participation Rate
Nassau Sunrise
Biennial
145% Participation
2-Year Sunrise Smart Passage SG Enhanced Participation Rate
Nassau Sunrise
Biennial
185% Participation
1-Year Sunrise Smart Passage SG Participation Rate
Nassau Sunrise
Annual
82% Participation
1-Year Sunrise Smart Passage SG Enhanced Participation Rate
Nassau Sunrise
Annual
105% Participation
1-Year Fixed Account
Fixed
4.25% Fixed
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
57% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
9.75% 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
68% Participation
1-Year S&P 500 PTP Enhanced Participation Rate
Point to Point
Annual
68% Participation
1-Year Nasdaq-100 PTP Participation Rate
Point to Point
Annual
38% Participation
1-Year Nasdaq-100 PTP Enhanced Participation Rate
Point to Point
Annual
48% Participation
2-Year Nasdaq-100 PTP Participation Rate
Point to Point
Biennial
45% Participation
2-Year Nasdaq-100 PTP Enhanced Participation Rate
Point to Point
Biennial
58% Participation

Surrender schedule

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

Riders

No Riders for Nassau Growth Annuity 7 annuity.

Waivers

Nursing Home

Unavailable in states: CA

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. Nursing Home only available for issue ages 80 and below. The nursing home waiver does not include home health care.

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 availability)

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