Effective May 1: Annuity Product & Availability Updates

Nassau Personal Protection Choice’s Care Protection Benefit now available in AK, CT, HI, IL, LA, MO, NC, NH, NJ, PA, OR, TX, UT, VA, VT, WA, WY

Effective May 1, 2020, Personal Protection Choice’s (PPC) Care Protection Benefit will become available in all states where PPC is sold (except CA). We’re excited to expand access to this optional rider which provides enhanced guaranteed income should your client become confined to a nursing home or require nursing care.

PPC’s Care Protection Benefit increases the amount of guaranteed income payable from the rider for up to five years if he or she is confined to a nursing home and/or is unable to perform 2 of 6 activities of daily living (ADLs). This benefit is available after your client’s second contract anniversary and ranges from 125% to 250% of the lifetime income benefit based on age and qualification level. The Care Protection Benefit must be elected in combination with an Income Protection rider¹ (Income Strategy: Today or Income Strategy: Tomorrow).

To learn more about PPC’s Care Protection Benefit, visit the product page on salesnet.nsre.com. New state-specific applications, forms and marketing materials will be available on salesnet.nsre.com on May 1, 2020.


Effective May 1, 2020, Texas and Hawaii will undergo the following updates to surrender charge schedules, premium bonus, and/or crediting rates for new business for Personal Income Annuity, Personal Protection Choice, and Personal Retirement Choice:

Texas – Will transition to Group B*

Hawaii – Will transition to Group A


To add the Care Protection Benefit to old applications submitted during the transition period, a new Rider election/Allocation form and Rider disclosure will be required.

  • Applications signed on or before April 30th and received on or before May 1st will receive the old product version.  All transfer funds must be received by June 30th.
  • Applications that are signed or received after May 1st will receive the new product version.
  • New rider/allocation forms and rider disclosures will be required on applications signed or received after May 1st where the client has chosen a rider but used the older rider/allocation form and rider disclosure.

Please ensure you are using the most recent versions of these forms when meeting with your clients.


For Producer Use Only. Not for use in solicitation or advertising to the Public. 

1. Rider fees apply and are calculated as a percentage of the benefit base and deducted from the contract value. This is not a qualified Long Term Care benefit under the Internal Revenue Code and does not qualify for preferential tax treatment. Must be certified by a physician as impaired and unable to perform at least two of the six activities of daily living (ADLs) – eating, bathing, dressing, transferring, toileting, and continence. The Enhanced Benefit Amount is based on the issue age of the oldest living Covered Person. Enhanced income payments are withdrawals and will reduce the Accumulation Value, Cash Surrender Value and any death benefit. View the contract and rider disclosures for complete details, conditions and exclusions. 

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 is a subsidiary of Nassau Financial Group. Nassau Re® is a registered trademark by Nassau Reinsurance LLC. BPD40115 | 04-20

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

© 2020 Nassau Re
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Anthony LaRosaEffective May 1: Annuity Product & Availability Updates