Nassau Financial Group Launches Nassau Bonus Annuity Plus

Business Wire

Nassau’s newest fixed indexed annuity offers its highest up-front premium bonus
Product provides consumers with more total accumulation potential

HARTFORD, Conn.--(BUSINESS WIRE)--
Nassau Financial Group (“Nassau”) today introduced Nassau Bonus Annuity Plus^SM, a bonus fixed indexed annuity designed to give people confidence that they can reach their retirement goals.

“The launch of Nassau Bonus Annuity Plus further expands our fixed annuities product suite, as we look to provide new and innovative fixed annuity products to the underserved middle market,” said Phil Gass, Chairman and CEO of Nassau. “With our Nassau Bonus Annuity Plus product, consumers will be able to lock in higher gains up front and increase their growth potential over the long term as yet another option to plan for their retirement.”

Issued by Nassau Life and Annuity Company, Nassau Bonus Annuity Plus is a single premium accumulation-focused fixed indexed annuity that helps increase retirement savings with an up-front premium bonus as well as total accumulation potential from powerful growth options and enhanced control over contract value.

How It Works

Nassau Bonus Annuity Plus includes several enhanced features, including Nassau’s highest premium bonus of up to 18%, a free withdrawal rollover feature, and an early return of premium surrender benefit. These features are made possible by an enhanced benefit fee applied during the surrender charge period, which is 10 contract years in most states.

The enhanced premium bonus of up to 18% creates a larger base to help contract holders grow their retirement savings and increase accumulation potential over the long term.¹

Contract holders also receive enhanced liquidity features, with the ability to withdraw up to 5% penalty-free annually or roll over the withdrawal option for up to five contract years to receive up to 25%². Also, with the early return of premium surrender benefit, after the fifth contract year contract holders can receive a cash surrender value of at least their single premium less prior gross withdrawals and enhanced benefit fees.

Nassau Bonus Annuity Plus provides powerful, tax-deferred growth potential to help contract holders catch up or get a head start on their nest eggs, all while protecting the principal from market downturns³. It offers indexed accounts linked to indices like the S&P 500® and Nasdaq-100®.

To learn more about Nassau Bonus Annuity Plus and other Nassau offerings, visit the company’s website. Producers, financial advisors, and other distributors can contact the Nassau Sales Desk at 888-794-4447.

About Nassau Financial Group

Based in Hartford, Connecticut, Nassau Financial Group is a growth-focused financial services company with insurance and asset management businesses. Nassau’s fixed annuities provide comprehensive and customizable retirement solutions, delivered with advanced digital capabilities and a team dedicated to delivering industry-leading service. Nassau Asset Management LLC and its subsidiaries oversee the assets of Nassau’s insurance companies and offer specialty investment strategies to third-party clients. These strategies include public and private debt, CLO debt and equity, real estate debt and equity, and alternatives. Nassau was founded in 2015 and has grown to $24.3 billion in assets under management, $1.5 billion in total adjusted capital, and about 374,000 policies and contracts as of June 30, 2024. For more information, visit nfg.com.

¹Bonus is not available for immediate withdrawal and the bonus amount and associated earnings are subject to a vesting schedule. The bonus amount may vary by age and state and is not intended to meet short-term financial goals.

²Withdrawals of any kind (including Required Minimum Distributions) will cause the free withdrawal amount to revert back to 5% on the next contract anniversary. Withdrawals exceeding the free withdrawal amount may be subject to surrender charges, recovery of non-vested premium bonus amounts, Market Value Adjustment, and pro-rated fees. See the Product Summary and Product Disclosure for more information.

³The principal is protected against market losses and guaranteed under the base contract. Applicable fees will be deducted from the contract value, and this could potentially result in a loss of principal if the contract has had interest credits less than the fees.

This material is provided by Nassau Life and Annuity Company, which issues the annuity described in this document. This material is intended for general use with the public and is not meant to provide any individualized tax or financial planning advice. We encourage you to consult with a financial professional who can tailor a financial plan to meet your needs. Nassau and its affiliates have a financial interest in the sale of their products.

Product features and availability may vary by state.

Payments and guarantees are based on the claims-paying ability of Nassau Life and Annuity Company.

Annuities are long-term products particularly suitable for retirement assets. Annuities held within qualified plans do not provide any additional tax benefit. Early withdrawals may be subject to surrender charges. Withdrawals are subject to ordinary income tax, and if taken prior to age 59½, a 10% IRS penalty may also apply.

Products offering a bonus may offer less favorable credited interest rates, participation, and cap rates than products not offering a bonus. Over time, the amount of the bonus may be more than offset by these less favorable rates. Any non-vested premium bonus amounts will be repaid to the Company upon surrender and withdrawals in excess of the Free Withdrawal Amount.

Interest rates, participation rates, caps and strategy fees are subject to change. Nassau reserves the right to add, change or eliminate indexed account options.The contract does not directly participate in any stock, bond or equity investment. Dividend payments and distributions are not received from any index or component of any index.

Non-Security Status Disclosure – The Contract is not a Security. The Contract is not registered under the Securities Act of 1933 and is being offered and sold in reliance on an exemption therein.

Insurance Products: NOT FDIC or NCUAA Insured. No Bank or Credit Union Guarantee

Nassau Bonus Annuity Plus (23FIA4, ICC23FIA4) is issued by Nassau Life and Annuity Company (Hartford, CT). In California, Nassau Life and Annuity Company does business as “Nassau Life and Annuity Insurance Company.” Nassau Life and Annuity Company is not authorized to conduct business in ME and NY, but that is subject to change. Nassau Life and Annuity Company is a subsidiary of Nassau Financial Group. This press release is not intended for residents of Idaho.

Index Disclaimers:

Nasdaq® and the Nasdaq-100® Index are registered trademarks of Nasdaq, Inc. (which with its affiliates is referred to as the “Corporations”) and are licensed for use by Nassau Life and Annuity Company. The Product(s) have not been passed on by the Corporations as to their legality or suitability. The Product(s) are not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE PRODUCT(S).

The “S&P 500 Index” is a product of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”) and has been licensed for use by Nassau Life and Annuity Company and its affiliates (collectively, “Nassau”). Standard & Poor’s®, S&P 500® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”) and these trademarks have been licensed and sublicensed for use by SPDJI and Nassau, respectively. Nassau products are not sponsored, endorsed, sold or promoted by SPDJI, S&P, or their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such products nor do they have any liability for any errors, omissions, or interruptions of the S&P 500 Index.

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