Nassau Income Accelerator (Group A)
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Highlights
Nassau Income Accelerator is a single-premium fixed indexed annuity that provides guaranteed income for life via a choice of three guaranteed minimum withdrawal benefit riders. It offers principal protection, a 10-year surrender charge period (9 years in CA), a 10% annual free withdrawal, a fixed account as well as 13 indexed account options to capture the positive performance of market indices.
Available in states:
AL, AZ, AR, CO, DC, GA, IN, IA, KS, MI, NE, NV, NM, NC, ND, OK, RI, SD, TN, and WV
|
Type
|
Fixed Index
|
|---|---|
|
Term
|
10 Years |
|
Surrender schedule
|
12%12%12%11%10%9%8%7%6%4% |
|
Free withdrawal
|
10% |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Minimum contribution
|
$15,000 |
|
Types of funds
|
Non-Qualified, 401k, IRA, IRA Rollover, 401a, IRA Transfer, TSA 403b, SEP IRA, KEOGH, IRA-Roth, SIMPLE IRA, 457 plan, and 1035 Exchange |
Brochure
|
Open brochure |
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Sunrise Smart Passage SG Enhanced Participation Rate |
Nassau Sunrise
Annual
|
55%
Participation
|
| 1-Year Sunrise Smart Passage SG Participation Rate |
Nassau Sunrise
Annual
|
32%
Participation
|
| 2-Year Sunrise Smart Passage SG Enhanced Participation Rate |
Nassau Sunrise
Biennial
|
95%
Participation
|
| 2-Year Sunrise Smart Passage SG Participation Rate |
Nassau Sunrise
Biennial
|
55%
Participation
|
| 1-Year Fixed Account |
Fixed
|
1.65%
Fixed
|
| 2-Year Nasdaq-100 PTP Enhanced Participation Rate |
Point to Point
Biennial
|
36%
Participation
|
| 2-Year Nasdaq-100 PTP Participation Rate |
Point to Point
Biennial
|
23%
Participation
|
| 1-Year Nasdaq-100 PTP Enhanced Participation Rate |
Point to Point
Annual
|
26%
Participation
|
| 1-Year Nasdaq-100 PTP Participation Rate |
Point to Point
Annual
|
16%
Participation
|
| 1-Year S&P 500 PTP Enhanced Participation Rate |
Point to Point
Annual
|
31%
Participation
|
| 2-Year S&P 500 PTP Participation Rate |
Point to Point
Biennial
|
30%
Participation
|
| 2-Year S&P 500 PTP Enhanced Participation Rate |
Point to Point
Biennial
|
46%
Participation
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
4.5%
Cap
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
20%
Participation
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Penalty | 12% | 12% | 12% | 11% | 10% | 9% | 8% | 7% | 6% | 4% |
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| Flex-Forward Income Benefit Rider | No | 0.95% annually (1.50% max) |
| Income Horizon: Early Rider | No | 0.95% annually (1.50% max) |
| Income Horizon: Later Rider | No | 0.95% annually (1.50% max) |