Personal Protection Choice (Group A)

Nassau Life and Annuity Company
Personal Protection Choice (Group A)-brochure Personal Protection Choice (Group A)-brochure

Personal Protection Choice (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
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
Launch Date
06/04/2012
The Personal Protection Choice is a fixed indexed annuity designed to address your specific retirement needs: 
  • Generate Guaranteed Lifetime Income with an optional rider.
  • Add Protection for Care and Family to customize your annuity.
  • Participate in Market Growth to accumulate more retirement savings.
Nassau Personal Protection Choice offers a choice of optional guaranteed lifetime withdrawal benefit riders that can provide a stream of income 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 Benefit Base, age at issue, age at rider exercise and whether you elect a Single or Spousal benefit. 
Available in states: AL, AZ, AR, CO, DC, GA, HI, IN, IA, KS, MD, MI, NE, NV, NM, NC, ND, OK, RI, SD, TN, and WV

Allocation Accounts

Name Type Rates
2-Year Sunrise Smart Passage SG Enhanced Participation Rate
Nassau Sunrise
Biennial
160% Participation
2-Year Sunrise Smart Passage SG Participation Rate
Nassau Sunrise
Biennial
118% Participation
1-Year Sunrise Smart Passage SG Enhanced Participation Rate
Nassau Sunrise
Annual
90% Participation
1-Year Sunrise Smart Passage SG Participation Rate
Nassau Sunrise
Annual
67% Participation
1-Year Fixed Account (MD Only)
Fixed
3% Fixed
1-Year Fixed Account (Most States)
Fixed
3% Fixed
1-Year S&P 500 PTP Monthly Sum Cap
Point to Point
Annual
Monthly sum
1.75% Cap
1-Year S&P 500 PTP Enhanced Participation Rate
Point to Point
Annual
41% Participation
2-Year S&P 500 PTP Enhanced Participation Rate
Point to Point
Biennial
56% Participation
2-Year S&P 500 PTP Participation Rate
Point to Point
Biennial
40% Participation
2-Year UBSTMAI PTP Spread
Point to Point
Biennial
0.25% Spread
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
29% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
6% Cap
1-Year Nasdaq-100 PTP Participation Rate
Point to Point
Annual
25% Participation
1-Year Nasdaq-100 PTP Enhanced Participation Rate
Point to Point
Annual
35% Participation
2-Year Nasdaq-100 PTP Participation Rate
Point to Point
Biennial
35% Participation
2-Year Nasdaq-100 PTP Enhanced Participation Rate
Point to Point
Biennial
48% Participation
1-Year UBSTMAI PTP Spread
Point to Point
Annual
0.75% Spread

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
Income, Care & Family Protection: Today (Age 0-70) No 1.15% annually (1.50% max)
Income, Care & Family Protection: Tomorrow (Age 0-70) No 1.15% annually (1.50% max)
Income & Family Protection: Today No 1.15% annually (1.50% max)
Income & Family Protection: Tomorrow No 1.15% annually (1.50% max)
Income & Care Protection: Today (Age 71-80) No 0.95% annually (1.50% max)
Income & Care Protection: Tomorrow (Age 0-70) No 0.95% annually (1.50% max)
Income, Care & Family Protection: Tomorrow (Age 71-80) No 1.15% annually (1.50% max)
Income & Care Protection: Tomorrow (Age 71-80) No 0.95% annually (1.50% max)
Income & Care Protection: Today (Age 0-70) No 0.95% annually (1.50% max)
Income, Care & Family Protection: Today (Age 71-80) No 1.15% 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. The nursing home waiver does not include home health care.

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.

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).

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