Nassau Life Simple Annuity 6 Year
Current Fixed Rate
Rate Effective Date October 1, 2026
The Nassau Life Simple Annuity 6 is a single-premium, compounding rate fixed annuity with a six-year rate guarantee. After six years, owners have a 30-day window to withdraw, transfer, or renew their account balance. If no option is chosen, the account will renew for a new term at the current rate at that time.
This policy accepts qualified and non-qualified funds and includes a Market Value Adjustment. Free 5% withdrawals are available in all years and penalty-free RMDs are available after one year.
Surrender charges can be completely waived for certain approved health circumstances. There are no surrender charges at death.
More Annuity options from: Nassau Financial Group
Notable Features
At no cost, this policy includes both a Nursing Home and Terminal Illness waiver. If approved, these riders allow for full surrender of the contract with no surrender charges, penalties, or negative MVAs. Please see the contract and brochure for more details.
Additional Details
Product Type
MYGA (Multi-Year Guaranteed Annuity)
Term
6 Years
Free Withdrawals Yr1 / Yr2+
5% / 5%
Additional Withdrawal Information
This contract allows annual withdrawals of up to 5% of Contract Value without surrender charges or MVA. RMDs are also exempt from surrender charges after the first calendar year.
Surrender Schedule
9%, 8%, 7%, 6%, 5%, 4%, 0%
Maximum Age
85
Minimum Investment
$10,000
Maximum Investment
$2,000,000 without prior approval
What We Like About This Annuity
This policy has low minimums to start and free 5% withdrawals in all years. It also includes free Required Minimum Distributions after on year. There are no surrender or negative MVA charges upon passing of the owner.
Other Popular Products
Nassau also offers competitively priced Medicare Supplements with a strong renewal history. However, they may be best known for their indexed annuities with lifetime income withdrawals. This income can double to cover healthcare needs (5-year max) – even when the account value is zero.
About Nassau Financial Group
Nassau Financial Group
AM Best Rating: B++ Good (5th of 13 ratings)
https://nfg.com/
About Nassau Life and Annuity Company
Headquartered in Hartford, Connecticut, Nassau Life boasts over $24 billion in assets under management. They were founded in 1851 and specialize in fixed and indexed annuities as well as Medicare Supplement policies.
They have recently expanded their fixed and indexed annuity offerings to include policies designed for lifetime income, premium bonuses, and enhanced long-term care payouts. Their annuities provide solutions in four core categories, including Growth, Income, Care, and Family.
Their stated mission is to be consumers’ carrier of choice, proven by their 374,000 policies and contracts currently in force. They are known for prompt and knowledgeable customer service agents dedicated to reliable service for their clients and agents.