Nassau Re Launches Nassau MYAnnuitySM (5X, 7X)
- New single-premium multi-year guarantee annuity with market-leading guaranteed interest rate
- First new insurance product offering under the Nassau Re brand
“In partnership with our IMOs, we are excited to launch our first new annuity since the closing of the
“With the launch of Nassau MYAnnuity, we are pleased to offer a market-leading guaranteed interest rate up to 3.5%,” said
Product Choices and Features
Nassau MYAnnuity is available with either a 5-year or 7-year duration, and customers can make a single premium payment ranging from
- Required Minimum Distributions (RMDs) do not incur surrender charges or market value adjustment.
- At the end of the guarantee period, customers can select to surrender any amount of the contract or renew the contract for either the same or different duration, depending on what is available at the time.
- All contracts have a death benefit equal to the contract value.
- Customers can annuitize the contract any time after the first year and choose from seven fixed annuity payment options.
- Early withdrawal penalties may be waived for certain conditions, such as nursing home confinement and terminal illness, subject to state approval.
To learn more about MYGAs, visit the company’s website. Agents, financial advisors and other distributors can contact the Life and Annuity Sales Desk at 888-794-4447 to learn more about
About Nassau Re
Nassau Re was founded in 2015 with capital provided by
This news release provides a summary of product features and options, which may vary by state. Actual product details, including all terms and conditions that apply, are contained in each contract.
Lifetime payments and guarantees are based on the claims paying ability of
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View source version on businesswire.com: https://www.businesswire.com/news/home/20180320006325/en/
Nassau Re
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Source: Nassau Re
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