As an organization, we have made great strides over the past four years. We have reduced risk, strengthened the balance sheet, created a strong new brand, grown our company, and successfully restarted our core annuity business.
That said, we continuously evaluate opportunities in the market and make certain we deploy our resources to markets where we can provide strong value for both customers and producers. After an in-depth analysis, we concluded that we should concentrate on our core strengths in the annuity business, our recent reentry into Medicare Supplement business and other digital opportunities.
In addition, to better reflect our broad-based growth businesses, we decided to refine the Nassau brand name and drop the “Re” from our logo. We will make changes quickly on our digital materials and slowly transition branding through all communications over the course of the next year.
We also determined we should stop selling new life policies. We will continue to accept new life insurance applications through June 5, 2020, and any outstanding final requirements must be received by June 30, 2020. If you have any questions or need help with a pending sale, please contact Haylie Reuter or New Business Operations.
We appreciate the trust that consumers and producers placed in our company over the last several years with their life insurance decision. We remain fully committed to the life insurance benefits and best-in-class service that we provide to our existing policyholders.
Our strong relationships with all of you have been essential to our success. We will continue to invest in growth across Nassau and position the company for a strong future with you.
Phil Gass, Chairman and Chief Executive Officer
For Producer Use Only. Not for distribution to the public.
Annuity and life products 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 do business in MA, ME, MN, and NY, but that is subject to change. In New York, annuities are issued by Nassau Life Insurance Company (East Greenbush, NY). Nassau Life and Annuity Company and Nassau Life Insurance Company are subsidiaries of Nassau Financial Group. The insurers are separate entities and each is responsible only for its own financial condition and contractual obligations. BPD40162
Nassau Re® is a registered trademark by Nassau Reinsurance LLC.
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