Ratings:

A.M. Best B++

James Alden

Experienced Financial Advisor

25 years

experience

3,712

career consultations

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Nassau Income Accelerator (Group A)

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 Income Accelerator (Group A)

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Ratings:

A.M. Best B++

About Product

Type

Fixed Index

Purpose

Lifetime Income

Term

10 Years

Surrender schedule

12%12%12%11%10%9%8%7%6%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, IRA, IRA Rollover, 401a, IRA Transfer, TSA 403b, SEP IRA, KEOGH, IRA-Roth, SIMPLE IRA, 457 plan, and 1035 Exchange

Launch Date

01/16/2024

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, HI, IN, IA, KS, MI, NE, NV, NM, NC, ND, OK, RI, SD, TN, and WV

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	1.5% Fixed
2-Year Nasdaq-100 PTP Enhanced Participation Rate	Point to Point Biennial	35% Participation
2-Year Nasdaq-100 PTP Participation Rate	Point to Point Biennial	22% Participation
1-Year Nasdaq-100 PTP Enhanced Participation Rate	Point to Point Annual	25% Participation
1-Year Nasdaq-100 PTP Participation Rate	Point to Point Annual	15% Participation
1-Year S&P 500 PTP Enhanced Participation Rate	Point to Point Annual	30% Participation
2-Year S&P 500 PTP Participation Rate	Point to Point Biennial	25% Participation
2-Year S&P 500 PTP Enhanced Participation Rate	Point to Point Biennial	42% Participation
1-Year S&P 500 PTP Cap	Point to Point Annual	4% Cap
1-Year S&P 500 PTP Participation Rate	Point to Point Annual	18% 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)

Waivers

Nursing Home

Surrender charges are waived if contract owner becomes ill and is confined to a nursing home on or after the first contract anniversary, for at least 90 consecutive days. If trust owned, the waiver will apply to the annuitant.

Withdrawal Provisions

Free Withdrawals

Penalty-free withdrawals up to 10% of contract value each year
Withdrawals for Required Minimum Distributions (RMDs) associated with this contract will not incur surrender charges or a market value adjustment
Any withdrawals (including but not limited to Early Income Amount payments) may be subject to federal and state income tax and if taken prior to age 59½, may also be subject to a 10% federal penalty
Withdrawals exceeding the free withdrawal amount in any year will be subject to pro-rated rider and strategy fees (if applicable)
Withdrawals taken in excess of free withdrawal amount during the surrender charge period will also be subject to surrender charges and a market value adjustment
Withdrawals made prior to exercising an income benefit rider or in excess of the guaranteed income payment will reduce the income benefit base and therefore reduce future guaranteed income payments
Withdrawals taken in excess of the free withdrawal amount will be subject to pro-rated fees
Withdrawals taken from indexed accounts will be excluded when calculating index credits

Market Value Adjustment

Applies during the surrender charge period
Adjustment may be positive or negative depending on the change in the interest rates since contract issue
Adjustment will never reduce the cash surrender value below the Total Guaranteed Value. Likewise, the maximum positive adjustment to the surrender value cannot exceed the maximum negative adjustment (state variations may apply)
Applies when surrender charges are waived under the nursing home and terminal illness waiver