MYAnnuity 5X
Nassau Life
5.3%
Best Rate
10%
Free W/D
1
States
A Multi-Year Guaranteed Annuity (MYGA) is a fixed insurance product that guarantees your interest rate for a set period (3-10 years), offering steady, predictable growth without market risk. It's designed for people nearing or in retirement who want competitive rates and safety.
Free Withdrawal
10%/yr
Available In
1 states
Min Premium
$10,000
Surrender
5 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 locked in for the entire guarantee period (3-10 years), protecting you from market downturns.
Tax-Deferred Growth
Tax-deferred until withdrawalInterest earned on your contract is not taxed until you withdraw money, allowing your savings to grow faster.
Free Withdrawals
0-10% annually depending on product; Nassau Simple Annuity offers 5%You can withdraw a portion of your contract value each year without surrender charges or penalties.
Nursing Home & Terminal Illness Waivers
Available subject to state approval and conditionsSurrender charges may be waived if you enter a nursing home or are diagnosed with a terminal illness (after first contract year).
Spousal Continuation
Available for eligible beneficiariesIf you pass away, your surviving spouse can continue the contract as the new owner instead of taking a lump-sum death benefit.
Annuitization Options
7 annuity payment options availableAfter the first contract year, you can convert your contract into regular income payments with seven different payout options.
Minimum Investment
$5,000-$10,000 depending on productLow entry point to start building guaranteed retirement income.
Highlights
Guaranteed interest rates locked in for 3-10 years with no market risk
Tax-deferred growth on your savings until you take withdrawals
Flexible free withdrawal options (0-10% annually depending on product) without penalties
Nursing home and terminal illness waivers available to waive surrender charges
Spousal continuation option allows surviving spouse to continue contract as new owner
Surrender Schedule
Yr 1
7%
Yr 2
6%
Yr 3
5%
Yr 4
4%
Yr 5
3%
After
0%
Nursing home waiver, Terminal illness waiver
Best For
Retirees over age 60 who want guaranteed returns, don't need frequent access to their money, and prefer safety over growth potential.
Consider Alternatives If
People who may need quick access to their funds, investors seeking growth above guaranteed rates, or those unable to commit funds for the full guarantee period.
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