Effective June 1: NC Transitions to Group A, MYAnnuity Updates

  • NC will transition to Group A for surrender charge schedules, crediting rates, and/or premium bonus for PIA, PPC, and PRC.

  • The minimum premium amount on MYAnnuity will drop to $10,000 where it’s currently available (all states except CA, MA, ME, and MN).

  • eApp will become available for MYAnnuity 5X in New York. 

NORTH CAROLINA TRANSITIONING TO GROUP A

Effective June 1, 2020, North Carolina will transition to Group A for surrender charge schedules, crediting rates, and premium bonus (where applicable) for new business for Nassau Personal Income Annuity, Nassau Personal Protection Choice, and Nassau Personal Retirement Choice.

TRANSITION INFORMATION

  • Applications signed on or before May 31st and received on or before June 1st will receive the old product features.  All transfer funds must be received by August 1st.
  • Applications signed on or before May 31st and received after June 1st will receive the new product features.  An acknowledgement form and new product disclosure will be required.
  • Applications that are signed or received after June 1st will receive the new product features.

NASSAU MYANNUITY UPDATES

MINIMUM PREMIUM TO BE LOWERED

Effective June 1, 2020, we will be reducing the minimum premium amount on MYAnnuity to $10,000 where it’s currently available (all states except CA, MA, ME, and MN).

E-APP WILL BECOME AVAILABLE FOR MYANNUITY 5X IN NEW YORK

Beginning June 1, 2020, Nassau will offer the ability to submit eApps from New York for MYAnnuity 5X. Paper applications will continue to be accepted. Learn how to easily submit new business with Nassau’s eApp.

Don’t forget: approved new annuity business applications submitted via eApp receive 10bps additional compensation!

DISCLOSURE

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

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. Product sales must be appropriate based on a comprehensive evaluation of the customer’s financial situation, needs, and objectives. Lifetime payments and guarantees are based on the claims-paying ability of the issuing company.

Nassau Personal Income Annuity (19FIA, ICC19EIAN and ICC19EIA), Nassau Personal Protection Choice (19FIA, ICC19EIAN and ICC19EIA), Nassau Personal Retirement Choice (19FIA, ICC19EIAN and ICC19EIA), and Nassau MYAnnuity 5X/7X (ICC18IFDAP, ICC18IFDANP) 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. In New York, Nassau MYAnnuity 5X (I17IMGA) is issued by Nassau Life Insurance Company (East Greenbush, NY). The insurers referenced above are separate entities and each is responsible for its own financial condition and contractual obligations. Nassau Life Insurance Company and Nassau Life and Annuity Company are subsidiaries of Nassau Financial Group. Nassau Re® is a registered trademark by Nassau Reinsurance LLC. BPD40159

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

© 2020 Nassau Re

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Anthony LaRosaEffective June 1: NC Transitions to Group A, MYAnnuity Updates