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Best Guaranteed Annuity Rates
2-Year
5.70%
3-Year
6.25%
5-Year
6.50%
7-Year
5.85%
10-Year
5.80%

Nassau NY MYAnnuity

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Highlights

Premium Type
Single Premium
Max age Qualified
85
Minimum Contribution
$10,000
Maximum Contribution
$1,000,000
Market value adjustment
Return of premium
Free withdrawal
0%
Launch date
03/01/2018
Types of funds
Non-Qualified, IRA, Spousal IRA, IRA Rollover, IRA Transfer, and TSP
Brochure
Open brochure
Nassau MYAnnuity is a single-premium, multi-year guaranteed annuity that offers your clients protection from market volatility.
5 year guarantee period.

Penalty-Free Withdrawals
  • Annual free withdrawals up to 10% are available (if elected at issue) without a surrender charge or market value adjustment (MVA) applied 
  • Withdrawals in excess of the annual free withdrawal amount may be subject to a surrender charge prior to the end of the guarantee period and an MVA 
  • Withdrawals for Required Minimum Distributions (RMDs) under the contract will not incur surrender charges or MVA after the first calendar year. After the first Calendar Year you may request one RMD per Contract Year, which will be treated as a free withdrawal and will not incur a surrender charge or MVA. Surrender charges and an MVA will apply to any additional RMDs requested in that same Contract Year. Please consult the product disclosure for details.
  • Withdrawals of income will be subject to tax and, if prior to age 59½, may be subject to a 10% IRS penalty 
  • Withdrawn amounts will not receive the full interest credit 
The owner can set up systematic withdrawals of a specified amount, however, the withdrawal may be subject to penalties if it is above the free amount.   

Market Value Adjustment (MVA)
  • The MVA is intended to reflect the change in the interest crediting rate from the start of the guarantee period to the time of surrender or withdrawal, as well as an adjustment for the time remaining in the guarantee period 
  • The MVA can be positive or negative. There is no limit on a positive MVA. A negative MVA may not cause the amount received upon surrender to be less than 87.5% of premium accumulated at 1%, reduced for net withdrawals 
This product may be appropriate for individuals who:
  • Seek to accumulate money for retirement;
  • Have a conservative risk tolerance and want to invest an inheritance or other lump sum;
  • Want to secure a fixed annuity payment but not immediate income.
Death Benefit
  • Payable on death of any owner
  • Death benefit is equal to contract value (no surrender charges or MVA will apply) 
  • Death benefit proceeds are paid directly to named living beneficiaries and may not be subject to the probate process 

Find out if the Nassau NY MYAnnuity is the right product for you.

MYGA Interest Rates

Term
Rate
Annual percentage yield (APY)
earned over the investment term
5 years 5.1%

Riders

No Riders for Nassau NY MYAnnuity annuity.

Waivers

Death

Surrender charges and MVA will be waived upon contract owner’s death

Annuitization

Surrender charges and MVA will be waived upon annuitization after the first contract year

Surrender Window

If you would prefer to withdraw some or all of your contract value at the end of any guarantee period, you will generally have a 30-day window to do so, free of any surrender charge or market value adjustment.

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