Nassau MYAnnuity 7 Fixed Annuity
Nassau MyAnnuity 7 Fixed Annuity Guide
The Nassau 7 Annuity 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
Fixed Annuity Frequently Asked Questions
Yes. Insurance companies as a whole have a long history of stability, even through our nation’s most difficult economic times. Fixed annuities, unlike variable annuities, are backed by the full faith and credit of the issuing insurance company
In the broadest terms, an annuity is a contract between you and an insurance company, where you make a premium payment(s) in exchange for the benefits defined in the contract.
Multi Year Guarantee Annuities are often referred to as a CD type annuity because of the many similarities. They pay a set interest rate for a specified number of years.
In general, a fixed annuity does not have any fees and that is true of every fixed annuity on this page. However, fixed annuities with optional riders for a fee do exist; primarily fixed annuities with long term care rider.
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