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Best Guaranteed Annuity Rates
2-Year
5.55%
3-Year
6.25%
5-Year
6.50%
7-Year
5.85%
10-Year
5.80%

Nassau Income Accelerator (Group С)

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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: AK, IL, LA, MA, MN, MO, NH, NJ, OR, PA, UT, VT, VA, WA, and WY
Type
Fixed Index
Purpose Lifetime Income
Term
10 Years
Surrender schedule
10%9%8%7%6%5%4%3%2%1%
Free withdrawal
10%
Market value adjustment
Return of premium
Launch date
01/16/2024
Minimum contribution
$15,000
Maximum contribution
$1,000,000
Max Age Qualified
80
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
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Find out if the Nassau Income Accelerator (Group С) is the right product for you.

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 

Allocation Accounts

Name Type Rates
1-Year Sunrise Smart Passage SG Enhanced Participation Rate
Nassau Sunrise
Annual
48% Participation
1-Year Sunrise Smart Passage SG Participation Rate
Nassau Sunrise
Annual
26% Participation
2-Year Sunrise Smart Passage SG Enhanced Participation Rate
Nassau Sunrise
Biennial
85% Participation
2-Year Sunrise Smart Passage SG Participation Rate
Nassau Sunrise
Biennial
45% Participation
1-Year Fixed Account
Fixed
3% Fixed
2-Year Nasdaq-100 PTP Enhanced Participation Rate
Point to Point
Biennial
32% Participation
2-Year Nasdaq-100 PTP Participation Rate
Point to Point
Biennial
19% Participation
1-Year Nasdaq-100 PTP Enhanced Participation Rate
Point to Point
Annual
23% Participation
1-Year Nasdaq-100 PTP Participation Rate
Point to Point
Annual
13% Participation
1-Year S&P 500 PTP Enhanced Participation Rate
Point to Point
Annual
27% 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
41% 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
16% Participation

Surrender schedule

Year 1 2 3 4 5 6 7 8 9 10
Penalty 10% 9% 8% 7% 6% 5% 4% 3% 2% 1%

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.

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