MYAnnuity
Nassau Life
5.3%
Best Rate
10%
Free W/D
49
States
A fixed insurance product that guarantees competitive interest rates over a set period (3-10 years) with tax-deferred growth and no market risk. Best for retirees seeking predictable, low-risk savings to supplement retirement income.
Free Withdrawal
10%/yr
Available In
49 states
Min Premium
$10,000
Surrender
7 years
Guaranteed Rates by Term
| Term | Guaranteed Rate |
|---|---|
| 5-Year | 5.25% |
| 7-Year | 5.3% |
Key Features
Guaranteed Interest Rate
3-10 year terms availableYour interest rate is fixed and guaranteed by Nassau Life for the entire guarantee period (3-10 years), regardless of market conditions.
Tax-Deferred Growth
Taxes deferred until distributionInterest earned is not taxed until you withdraw money or start receiving payments, allowing your money to grow faster.
Free Annual Withdrawals
0-10% annually depending on productYou may withdraw a portion of your contract value each year without paying surrender charges, providing liquidity when needed.
Principal Protection
No market riskYour principal is not exposed to stock market risk or performance—it's protected by the insurance company's guarantee.
Nursing Home & Terminal Illness Waiver
Available after year 1If you enter a nursing home or are diagnosed with a terminal illness, surrender charges may be waived after year one (subject to conditions).
Spousal Continuation
Available for qualified contractsIf the owner passes away and the spouse is the beneficiary, the spouse can continue the contract as the new owner instead of taking a lump sum.
Annuitization Options
7 annuity payment optionsAt maturity, you can convert your savings into guaranteed income payments with seven different payment options to choose from.
Highlights
Guaranteed interest rates locked in for 3-10 years with no market risk
Tax-deferred growth on your principal and earnings
Free annual withdrawals (0-10% depending on product) without surrender charges
Nursing home and terminal illness waivers available after year one
Spousal continuation option and seven annuitization choices at maturity
Surrender Schedule
Yr 1
9%
Yr 2
8%
Yr 3
7%
Yr 4
6%
Yr 5
5%
Yr 6
4%
Yr 7
3%
After
0%
Nursing home waiver, Terminal illness waiver
Best For
Retirees over age 60 who want guaranteed, predictable returns without market risk and can commit their money for 3-10 years.
Consider Alternatives If
Investors who need immediate access to their full principal, as early withdrawals trigger surrender charges and market value adjustments.
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