Personal Protection Choice (Group B)
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Highlights
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:
CT, DE, FL, ID, KY, MS, MT, OH, SC, TX, and WI
|
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
|
06/04/2012 |
|
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 Protection Choice (Group B) 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 |
|---|---|---|
| 1-Year Sunrise Smart Passage SG Participation Rate |
Nassau Sunrise
Annual
|
60%
Participation
|
| 1-Year Sunrise Smart Passage SG Enhanced Participation Rate |
Nassau Sunrise
Annual
|
83%
Participation
|
| 2-Year Sunrise Smart Passage SG Participation Rate |
Nassau Sunrise
Biennial
|
105%
Participation
|
| 2-Year Sunrise Smart Passage SG Enhanced Participation Rate |
Nassau Sunrise
Biennial
|
148%
Participation
|
| 1-Year Fixed Account (Variation States) |
Fixed
|
2.8%
Fixed
|
| 1-Year Fixed Account (Most States) |
Fixed
|
2.8%
Fixed
|
| 1-Year Fixed Account (KY, MS Only) |
Fixed
|
2.8%
Fixed
|
| 1-Year Fixed Account (FL Only) |
Fixed
|
2.8%
Fixed
|
| 1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
1.6%
Cap
|
| 2-Year S&P 500 PTP Participation Rate |
Point to Point
Biennial
|
36%
Participation
|
| 2-Year UBSTMAI PTP Spread |
Point to Point
Biennial
|
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
27%
Participation
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
6%
Cap
|
| 2-Year Nasdaq-100 PTP Enhanced Participation Rate |
Point to Point
Biennial
|
45%
Participation
|
| 2-Year Nasdaq-100 PTP Participation Rate |
Point to Point
Biennial
|
32%
Participation
|
| 1-Year Nasdaq-100 PTP Enhanced Participation Rate |
Point to Point
Annual
|
33%
Participation
|
| 1-Year Nasdaq-100 PTP Participation Rate |
Point to Point
Annual
|
23%
Participation
|
| 2-Year S&P 500 PTP Enhanced Participation Rate |
Point to Point
Biennial
|
52%
Participation
|
| 1-Year S&P 500 PTP Enhanced Participation Rate |
Point to Point
Annual
|
38%
Participation
|
| 1-Year UBSTMAI PTP Spread |
Point to Point
Annual
|
1.5%
Spread
|
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 |
|---|---|---|
| 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.
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