Simple Annuity
Nassau Life
5.25%
Best Rate
5%
Free W/D
49
States
The Nassau Simple Annuity is a single-premium fixed annuity that guarantees your interest rate for either 4 or 6 years, offering predictable growth with annual access to 5% of your funds penalty-free. It's designed for retirees and near-retirees seeking safety and income certainty.
Free Withdrawal
5%/yr
Available In
49 states
Min Premium
$10,000
Surrender
6 years
Guaranteed Rates by Term
| Term | Guaranteed Rate |
|---|---|
| 4-Year | 5% |
| 6-Year | 5.25% |
Key Features
Guaranteed Interest Rates
5.00% (4-year) / 5.25% (6-year) as of 4/1/2026Interest rate is set at issue and locked in for your chosen guarantee period (4 or 6 years)
Free Annual Withdrawals
5% annuallyWithdraw up to 5% of your contract value each year without surrender charges or market value adjustments
Flexible Renewal
30-day decision windowAt the end of each guarantee period, choose to surrender funds free of charge, renew for the same term, or renew for a different term
RMD-Friendly
1 free RMD per contract yearRequired Minimum Distributions after the first calendar year are treated as free withdrawals with no surrender charges or market value adjustments
Surrender Charge Waiver
Multiple waiver options availableSurrender charges waived upon death, annuitization (after year 1), nursing home admission, or terminal illness diagnosis
Market Value Adjustment (MVA)
No limit on positive MVA; downside protection on negativeReflects interest rate changes from issue to withdrawal; negative MVA is floored at 87.5% of guaranteed value
Highlights
Guaranteed interest rates locked in for 4 or 6 years with rates up to 5.25%
Annual free withdrawals of up to 5% without surrender charges or market value adjustments
Flexible renewal options at the end of each guarantee period with 30-day decision window
Nursing home and terminal illness waivers available to waive surrender charges
Annuitization available after first year with no penalty
Surrender Schedule
Yr 1
9%
Yr 2
8%
Yr 3
7%
Yr 4
6%
Yr 5
5%
Yr 6
4%
After
0%
Nursing home waiver, Terminal illness waiver
Best For
Retirees and near-retirees who want guaranteed income, predictable growth, and access to their funds with minimal penalties.
Consider Alternatives If
Investors seeking high growth potential or those who may need immediate access to all funds within the first year should avoid this product due to surrender charges.
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