Nassau Life and Annuity Company Review (2026)

Nassau Life and Annuity Company is the primary insurance subsidiary of Nassau Financial Group, a Hartford, Connecticut-based financial services holding company focused on acquiring and growing insurance businesses. Nassau has built a diverse annuity platform through both organic product development and the acquisition of in-force blocks from carriers like Sun Life, Hartford Life, and others. The company offers MYGAs, fixed index annuities, and structured settlement products through the independent agent channel.

This review covers Nassau’s financial strength, annuity product lineup, and contact information.

Nassau Life and Annuity at a Glance

Nassau’s Financial Strength

Nassau Life and Annuity Company holds a B++ (Good) rating from AM Best. This places Nassau one notch below the A-rated threshold that most financial advisors recommend as a minimum for conservative annuity buyers. Nassau is a growing carrier that has expanded its insurance operations significantly through acquisitions, but its B++ rating reflects its position as a developing entity building scale rather than an established large carrier.

For buyers considering Nassau, the B++ rating context is important: the state life and health insurance guaranty associations in each state provide coverage up to $250,000 per covered contract in the event of insolvency, regardless of carrier rating. Buyers allocating amounts within the guaranty association limit should factor this protection into their decision alongside Nassau’s B++ rating.

What Types of Annuities Does Nassau Offer?

• Multi-Year Guaranteed Annuities (MYGAs), MyAnnuity Series: Nassau’s MyAnnuity MYGA series is available in multiple terms and has been a competitive presence in rate comparison platforms. Nassau frequently offers rates above A-rated peers, reflecting the trade-off between yield and financial strength rating.
• Fixed Index Annuities (FIAs): Nassau’s index annuity products offer index-linked growth potential with a zero-loss floor. Available through the independent agent channel.
• Structured Settlement Annuities: Nassau participates in the structured settlement market, providing guaranteed payment streams from legal settlements, a product category it acquired through portfolio acquisitions.

Nassau MYGA Rates

Current Nassau MYGA rates from our live rate feed:

Who Is Nassau Best For?

• Rate-first buyers comfortable with B++ financial strength: Nassau’s MYGA rates are often among the most competitive available. Buyers who prioritize yield and are comfortable with B++ financial strength, and who keep allocations within guaranty association limits, will find Nassau worth considering.
• Buyers splitting a larger MYGA allocation: A common strategy is to pair Nassau (for rate) with an A-rated carrier like Athene or MassMutual (for maximum financial strength), diversifying both yield and credit quality across carriers.

Nassau Life and Annuity Pros and Cons

Here is a balanced look at Nassau Life and Annuity’s strengths and limitations for annuity buyers:

Pros

• May offer competitive rates to attract new business
• Offers MYGA products with guaranteed rates and predictable returns
• Offers fixed index annuities with growth potential tied to market indexes and downside protection
• Available through independent agents, allowing side-by-side comparisons with other carriers

Cons

• Below A-range AM Best rating, which many financial advisors consider the minimum for new annuity purchases
• Product availability varies by state, so not all products may be offered where you live
• Surrender charges apply during the contract term, which limits liquidity

Frequently Asked Questions About Nassau Life and Annuity

Is Nassau Life and Annuity a safe company for annuities?

Nassau Life and Annuity’s current AM Best rating is B++ (Good). While this does not indicate distress, it is below the A-range threshold that many financial advisors recommend for new annuity purchases. Your state guaranty association provides backup protection, typically covering up to $250,000 per contract per insurer.

What types of annuities does Nassau Life and Annuity offer?

Nassau Life and Annuity offers MYGAs, fixed index annuities through independent agents and financial professionals. Product availability, rates, and features vary by state. Use our rate comparison tool to see what’s currently available from Nassau Life and Annuity and competing carriers.

How do I buy an annuity from Nassau Life and Annuity?

Nassau Life and Annuity annuities are sold through licensed insurance agents and financial advisors. My Annuity Store is an independent platform that can quote Nassau Life and Annuity alongside 20+ other carriers so you can compare rates, terms, and financial strength ratings in one place. Request a free quote or call 855-583-1104 to get started.

Contact Nassau Life and Annuity

Compare Nassau Against Other Carriers: My Annuity Store compares Nassau alongside Athene, MassMutual, Oceanview, and 20+ other carriers. Get a free comparison quote or call 855-583-1104.