April 2019

Mailing of Name Change Endorsement Forms

Name Change Endorsement forms will be mailed to all policyholders whose policies originated under the Phoenix Life and Annuity Company and Phoenix Life Insurance Company names.

  • Phoenix Life Insurance Company was changed to Nassau Life Insurance Company
  • Phoenix Life and Annuity Company was changed to Nassau Life and Annuity Company

The Name Change Endorsement forms will be mailed in stages as we receive individual state approvals for the forms themselves.

  • The first mailing in late April 2019 will be to the majority of Nassau Life and Annuity Company policyholders whose policies originated under the Phoenix Life and Annuity Company name. See list of states for this mailing.
  • The mailing to any remaining Nassau Life and Annuity Company policyholders, as well as Nassau Life Insurance Company policyholders whose policies originated under the Phoenix Life Insurance Company name, will be staggered between July and the end of 2019. We will post updates prior to each mailing.

We are instructing policyholders to keep the Name Change Endorsement form with their policy and assuring them that nothing is changing except the company name — all policy terms and conditions remain the same.

Policyholders with questions about the Name Change Endorsement form may call us at 1-800-628-1936 (Term and Whole Life) or 1-800-541-0171 (Variable and Universal Life and Annuities).

Sample NLA Letter

Sample NLA Name Change Endorsement Form

April 22, 2019 NLA Mailing List of States

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Tisa Rabun-MarshallMailing of Name Change Endorsement Forms
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Our Annuities Have a New Name

On behalf of Nassau Re, I am excited to announce the latest step in accelerating our growth plans under our recently rebranded flagship, Nassau Life and Annuity Company – a Connecticut insurer based in our corporate headquarters in Hartford.

As you know, last year we began transitioning our insurance business to the Nassau Re brand. We renamed our core Phoenix subsidiaries and established Nassau Life and Annuity Company as our new primary carrier, starting with newly issued MYGAs.

On April 15, we are taking an important next step with the transition of our fixed indexed annuity (FIA) portfolio from Phoenix to Nassau Life and Annuity Company. Subject to state approvals, we will now issue the following suite of products:

  • NassauSM Personal Income Annuity
  • Nassau Personal Protection ChoiceSM
  • Nassau Personal Retirement ChoiceSM

The key product features and benefits remain the same as the similarly named Phoenix FIAs we sell today. See the links below for more details. We will strive to make the transition to Nassau FIAs as seamless as possible for our IMO partners and producers.

As you know first-hand, building a business is a journey, not a destination. This year, we will continue the journey of establishing the Nassau Re brand in the marketplace, including migrating our life insurance portfolio and expanding our product offerings. In addition, we are investing significant resources to provide a best in class service experience to you and your clients.

We believe migrating our new business to Nassau Life and Annuity Company will create a stronger enterprise by helping to minimize the impact on our overall business and ratings from volatility in a legacy block of older age UL policies. The ultimate goal is to position our growth-oriented flagship company to more quickly achieve ratings upgrades.

We are extremely proud of the growing Nassau Re enterprise and confident in the future that lies ahead. We remain firmly committed to being a strong partner for you as we work together to protect multiple generations of families and help people appreciate life in retirement.

As always, we value your feedback and encourage you to share any questions or ideas with anyone on the Nassau team.

Sincerely,

Phil

Phil Gass

Phil Gass Photo
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Paul TylerOur Annuities Have a New Name
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Introducing Nassau FIA Portfolio

We are pleased to announce that effective April 15, 2019, our suite of fixed indexed annuities (FIAs) will include products issued by Nassau Life and Annuity Company:

  • NassauSM Personal Income Annuity
  • Nassau Personal Protection ChoiceSM
  • Nassau Personal Retirement ChoiceSM

This new Nassau FIA portfolio will replace the currently available Phoenix FIAs, subject to state availability. In states where approvals are still pending, we will continue to offer the Phoenix FIAs. We have planned this change to be as seamless as possible for our IMO partners and producers.

  • No action is needed for appointment with Nassau Life and Annuity Company. Active producers will be pre-appointed. All other appointments will be handled on a just in time basis.
  • No new product training is required for the Nassau FIA products, provided that the training modules for the Phoenix FIAs have already been completed.
  • Where available, the Nassau FIA will replace the corresponding Phoenix FIA. Please note the following important product variations:
    • Nassau FIAs have a fixed maturity date vs. the flexible maturity date available on Phoenix FIAs. Clients’ whose primary objective is income guarantees should consider purchasing a product with a GLWB rider.
    • The Nassau FIA available in Florida, Montana, Oklahoma, South Carolina and Wisconsin will have a different surrender charge schedule than the previously available Phoenix FIA had. Click here for a reference sheet of issuing companies and surrender schedules by state, which will be updated continuously and can be accessed on the product State Availability page on SalesNet.
  • Applications for FIAs issued by PHL Variable Insurance Company will be accepted through June 30, 2019.
  • New state-specific applications and forms and marketing materials will be available on www.salesnet.nsre.com on April 15. All marketing orders received April 10-12 will be held and shipped out with updated materials on April 15.

QUESTIONS? CALL OUR SALES TEAM

1-888-794-4447

Fixed indexed annuities issued by Nassau Life and Annuity Company (Hartford, CT) and PHL Variable Insurance Company (Hartford, CT). Nassau Life and Annuity Company is not authorized to conduct business in CA, GA, LA, MA, ME, MN and NY. PHL Variable Insurance Company is not authorized to conduct business in ME and NY. Nassau Life and Annuity Company and PHL Variable Insurance Company are subsidiaries of Nassau Re.

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Marily RajpoltIntroducing Nassau FIA Portfolio
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New Program Rewards Top Producers

We're Building a Winning Team

Agent relationships are at the heart of our business. That’s why we’re thrilled to announce a brand-new recognition program designed to give our best agents concierge service, impressive compensation bonuses and more. The Nassau Elite program rewards top producers with:

  • Up to 75 bps above already competitive street compensation
  • Direct access to a dedicated case manager
  • Incentive trip and special events
  • Feedback and idea sharing sessions with Nassau Re senior leadership

Looking For a Strong Agent Recruiting Story?

Highlight this and Nassau Re’s many positive recent headlines

Nassau Elite top producer program

Ultra competitive guaranteed income

Compelling index crediting rates

Agent compensation specials extended through June

Questions? Call Our Sales Desk

1-888-794-4447

 

 

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Marily RajpoltNew Program Rewards Top Producers
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