Nassau Personal Income Annuity


Nassau Personal Income Annuity is a 10-year fixed indexed annuity built to provide you a guaranteed income for life. Compare and request a quote.

Nassau Personal Income Annuity is a fixed indexed annuity designed to help address three of your retirement income needs:


What is Nassau Personal Income Annuity?


Protecting Your Future Income

Nassau Personal Income Annuity can help protect your financial future.

Personal Income Annuity includes a choice of guaranteed minimum withdrawal benefit riders that can provide you with a guaranteed income stream for life.

Whether you want to begin your guaranteed income immediately or at a future date, each rider offers competitive income-enhancing features to maximize your potential guaranteed benefits.

Your guaranteed income amount will depend on your Benefit Base, age at issue, age at rider exercise, and whether you elect a Single or Spousal benefit.



  • Cumulative bonus up to 45% boosts the Benefit Base in years 1-3 if no withdrawals are taken.
  • Additional 3% simple interest roll-ups in years 3-10 if no guaranteed income withdrawals are taken.


  • 14% simple interest roll-ups grow Benefit Base for first 10 years if no guaranteed income withdrawals are taken.


If you find that you do not need income during the roll-up period, you can elect to restart a new roll-up period and further grow your Benefit Base.

At the time of the election, a new roll-up rate (which may be higher or lower than the current rate) and rider fee (not to exceed 1.5%) are determined.




Nassau’s Personal Income Annuity offers you options that help you tailor your annuity to meet your individual needs.

RMD flexibility

Withdrawals for Required Minimum Distributions (RMDs) associated with this contract will not be subject to withdrawal fees or an MVA.

Control over your account allocations

You may choose to allocate your entire purchase payment into one or a combination of accounts, which offer a variety of methods for crediting interest.

Changes to your account allocations may be made during the reallocation period which begins 30 days before your contract anniversary.

Any changes you decide to make will become effective on the contract anniversary date and will be locked in for the next segment duration.




Indexed accounts don’t lose value due to a market downturn.

This is because the minimum index credit applied to your account value is guaranteed never to be less than 0%.

So even when an index shows a negative performance over the segment duration, your account value is unaffected.

Any earnings grow tax-deferred until you take withdrawals.


Simply deposit a single premium into the contract and decide how you would like to allocate the premium among the available accounts.

Once the funds are allocated to a given account or accounts, a “segment” is created.

Nassau Personal Income Annuity can provide the kind of earnings potential that may not be available with other sources of fixed income, such as savings accounts, certificates of deposit, or savings bonds.

When an index associated with your indexed account meets or exceeds the performance minimums over the segment duration, “index credits” are added to your account value. This means your potential returns can be higher than a standard fixed rate of return.


The Fixed Account earns interest daily at a specified rate of return that is guaranteed for one contract year. It offers modest returns with no equity market risk and a reliable, predictable return.



Other Important Information

Up to 10% in free withdrawals

Each year during your annuity’s surrender charge period you may withdraw up to 10% (the free withdrawal amount) of your contract value, free of surrender charges, and Market Value Adjustment (MVA).

Any withdrawals taken during an index segment will not qualify for partial index credit at the end of the segment.

Withdrawals in excess of 10% during the surrender period will incur a surrender charge, which is a percentage of the amount withdrawn, and are subject to a market value adjustment.

Surrender charges

Any withdrawals in excess of the free withdrawal amount taken during the surrender charge period will be subject to a surrender charge.

The surrender charge period length is 10 years following the issue date of your contract.

After this 10 year period, you may withdraw the full amount of your contract value with no surrender charge or MVA.

Market Value Adjustment (MVA)

The MVA is a value adjustment applied to any withdrawal in excess of the free withdrawal amount during the surrender charge period.

It is calculated based on the difference in interest rates at the time of withdrawal and interest rates at the inception of the contract, and may be positive or negative.

Nursing home waiver and terminal illness waiver (Subject to state availability)

Surrender charges are waived (though an MVA will still apply) if the contract owner becomes ill and is confined to a hospital or nursing home for at least 90 consecutive days, or is diagnosed with a terminal illness (a life expectancy of 6 months or less), on or after the first contract anniversary.

Total Guaranteed Value (TGV)

TGV is the minimum value available to you as a surrender value, a death benefit, or an annuitization value.

It is equal to a minimum of 87.5% (91% in CA) of the single premium accumulated at the applicable TGV interest rate less prior withdrawals and applicable rider fees.

The TGV rate is set at contract issue.

The rate will range from 1%-3% and is guaranteed for the life of the contract.


Minimum Premium

Maximum Premium

Enhanced Benefits

Contract Length

Company Rating (A.M. Best)

Maximum Issue Age

Accepted Funds

, , , , , ,

Insurance Company

Premium Type

Annuitization Required

Annual Penalty-Free Withdrawals

Death Benefit


Surrender Charge Waivers


Annual Fees

State Availability

, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Liquidity Options

Lifetime Income

Retire Immediately, Retire in 1 Year, Retire in 2 Years, Retire in 3 Years, Retire in 4 Years

Scroll to Top