Nassau NY MYAnnuity with 10% FW
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Learn how an annuity can provide guaranteed income for life.
Highlights
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Premium Type
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Single Premium
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|---|---|
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Free withdrawal
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10% |
|
Types of funds
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Non-Qualified, IRA, Spousal IRA, IRA Rollover, IRA Transfer, and TSP |
Brochure
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Open brochure |
Nassau MYAnnuity is a single-premium, multi-year guaranteed annuity that offers your clients protection from market volatility, a choice of 5 or 7 year guarantee periods.
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.
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
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.
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
- Applies for the life of the contract, subject to certain restrictions.
- During the 30-day window at the end of the initial Guarantee Period, you can surrender any amount of the contract without a surrender charge and without an MVA.
- Applies to any withdrawal or surrender in excess of the Free Withdrawal option selected at issue
- Can be positive or negative. There is no limit on a positive MVA.
- Adjustment will never reduce the contract value below the Total Guaranteed Value (TGV)
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.
Find out if the Nassau NY MYAnnuity with 10% FW is the right product for you.
MYGA Interest Rates
| Term |
Rate
Annual percentage yield (APY)
earned over the investment term |
|---|---|
| 5 years | 4.9% |
Riders
No Riders for Nassau NY MYAnnuity with 10% FW annuity.Ready to Protect Your Financial Future?
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