Personal Income Annuity (Group D)
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Highlights
Personal Income Annuity is a fixed indexed annuity designed to help address three of your retirement income needs:
- Protection: Securing income for life with an optional guaranteed lifetime income benefit.
- Flexibility: Meeting your individual time horizon and needs.
- Growth: Accumulating your assets while protecting against market downturns.
Personal Income Annuity includes a choice of guaranteed minimum withdrawal benefit riders that can provide you with a guaranteed income stream for life. Whether you want to begin your guaranteed income immediately or at a future date, each rider offers competitive income enhancing features to maximize your potential guaranteed benefits. Your guaranteed income amount will depend on your Income Benefit Base, age at issue, age at rider exercise and whether you elect a Single or Spousal benefit.
Income Benefit
Income Today if withdrawals begin:
Year 1 30%
Year 2 37.5%
Year 3 45%
Plus 3% simple roll-up years 3-10 Income Tomorrow: Annual roll-up amount: 14% Restart available
Income Tomorrow:
Annual roll-up amount: 14% Restart available
Notes
Income Today if withdrawals begin:
Year 1 30%
Year 2 37.5%
Year 3 45%
Plus 3% simple roll-up years 3-10 Income Tomorrow: Annual roll-up amount: 14% Restart available
Income Tomorrow:
Annual roll-up amount: 14% Restart available
Notes
- Our products are issued through Nassau Life Insurance and Annuity Company in California.
Available in states:
CA
Type
|
Fixed Index |
---|---|
Purpose | Lifetime Income |
Term
|
9 Years |
Surrender schedule
|
7.8%6.9%6%5.1%4.2%3.2%2.3%1.4%0.4% |
Free withdrawal
|
10% |
Market value adjustment
|
|
Return of premium
|
|
Launch date
|
05/23/2011 |
Minimum contribution
|
$15,000 |
Maximum contribution
|
$1,000,000 |
Max Age Qualified
|
80 |
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 |
Brochure
|
Open brochure |
Find out if the Personal Income Annuity (Group D) is the right product for you.
Withdrawal Provisions
Free Withdrawals
During the first contract year you may withdraw the greater of; up to 10% of the Accumulation Value at the time of the withdrawal or the Required Minimum Distribution (RMD) associated with this contract. After the first contract year, it is equal to the greater of 10% of Accumulation Value on the preceding contract anniversary or the Required Minimum Distribution (RMD).
Allocation Accounts
Name | Type | Rates |
---|---|---|
2-Year Sunrise Smart Passage SG Participation Rate |
Nassau Sunrise
Biennial
|
45%
Participation
|
1-Year Sunrise Smart Passage SG Participation Rate |
Nassau Sunrise
Annual
|
26%
Participation
|
1-Year Sunrise Smart Passage SG Enhanced Participation Rate |
Nassau Sunrise
Annual
|
48%
Participation
|
2-Year Sunrise Smart Passage SG Enhanced Participation Rate |
Nassau Sunrise
Biennial
|
85%
Participation
|
1-Year Fixed Account |
Fixed
|
3%
Fixed
|
2-Year UBSTMAI PTP Spread |
Point to Point
Biennial
|
7%
Spread
|
2-Year S&P 500 PTP Participation Rate |
Point to Point
Biennial
|
25%
Participation
|
1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
1%
Cap
|
1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
16%
Participation
|
1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
4%
Cap
|
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
|
2-Year S&P 500 PTP Enhanced Participation Rate |
Point to Point
Biennial
|
41%
Participation
|
1-Year S&P 500 PTP Enhanced Participation Rate |
Point to Point
Annual
|
27%
Participation
|
1-Year UBSTMAI PTP Spread |
Point to Point
Annual
|
6%
Spread
|
Surrender schedule
Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 |
---|---|---|---|---|---|---|---|---|---|
Penalty | 8% | 7% | 6% | 5% | 4% | 3% | 2% | 1% | 0% |
Riders
Name | Inbuilt | Fee |
---|---|---|
Income Strategy: Today | No | 0.95% annually (1.50% max) |
Income Strategy: Tomorrow | No | 0.95% annually (1.50% max) |
Waivers
Terminal Illness
Surrender charges are waived if contract owner is diagnosed with a terminal illness on or after the first contract anniversary. A terminal illness is a condition that is expected to result in the owner’s death within six months.
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