Nassau MyAnnuity 7 Year Fixed Annuity

Rate guaranteed 7 years

The Nassau MYAnnuity 7 may be appropriate for individuals who:

• Seek to accumulate money for retirement.
• Have a conservative risk tolerance and want to invest an inheritance or other lump sum.
• Want to secure a fixed annuity payment but not immediate income.

Available in: AL, AK, AZ, AR, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, MD, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY

Nassau MYAnnuity Brochure

Taxes:

In general, annuities grow tax-deferred meaning you don’t pay taxes until you withdraw your money from the annuity. When your withdrawal from your annuity the interest earned will be taxed at your ordinary income tax rate.

 
Non-Qualified Annuity

Non-qualified funds are cash, checking, savings, life insurance cash value, etc. Only the interest you have earned will be taxed as ordinary income.

  Qualified Annuity

Qualified funds are 401k, IRA, SEP, 403b, TSA, etc. Both principal and interest will be taxed as ordinary income as you withdraw money.

 
Roth IRA Annuity

Withdrawals from Roth IRA annuities are tax-free if the IRS requirements are met.

 
Early-Withdrawals

If you withdraw money from your annuity before age 59½, you may receive a 10% IRS penalty in addition to paying ordinary income taxes.

Pros of the Nassau MyAnnuity 7

Pays a guaranteed interest rate much higher than current CD Rates are paying.

Your interest grows tax-deferred meaning you do not pay taxes on your interest until you withdraw it from your annuity.

Death benefit is full account value and may avoid probate.

Liquidity options to provide you the access to your money that you need.

SURRENDER CHARGE SCHEDULE
MYAnnuity 7   9% 8% 7% 6% 5% 4% 3%