Reduced Income on Personal Income Annuity

Beginning April 1, 2020, we will be reducing the payout percentages on Personal Income Annuity’s (PIA) income riders in accordance with the current market environment. Income payouts will decrease on Income Strategy: Today and Income Strategy: Tomorrow for all ages. Click here to see the new payouts. PIA continues to offer great consumer value even after these changes. Updated marketing materials will be available to order as of April 1, 2020.

Should you have any questions, please call our sales desk at 1-888-794-4447. Thank you for your business and continued support of Nassau.

Transition Rules

  • Applications received by 3/31/2020 will receive the old rates. All transfer funds must be received at Nassau Re by 5/31/2020.
  • Applications received on or after 4/1/2020 will receive the new rates. An acknowledgment form from the producer confirming that the client agrees to the new rates, along with a newly signed disclosure, will be required prior to issue for any applications signed prior to 4/1/2020.

Disclosures

For Producer Use Only. Not for distribution to the public.

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

Product features, rider options and availability may vary by state. Actual product details, including all terms and conditions that apply, are contained in the annuity contract.

Lifetime payments and guarantees are based on the claims-paying ability of Nassau Life and Annuity Company. Annuities are 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 MA, ME, MN, and NY. Nassau Life and Annuity Company are subsidiaries of Nassau Financial Group.

Nassau Re is a registered trademark by Nassau Reinsurance LLC. BPD#40086

© Nassau Re 2020

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Anthony LaRosaReduced Income on Personal Income Annuity