Today’s Best Nassau Life Annuity Rates
| Term | Product | AM Best Rating | Rate |
|---|---|---|---|
| 5 Years | MYAnnuity 5X - No Free Withdrawal | B++ | 5.40 % |
| 6 Years | Simple Annuity | B++ | 5.40 % |
| 7 Years | MYAnnuity 7X - No Free Withdrawal | B++ | 5.45 % |
Nassau Life
Our Take
Nassau Life offers low minimum premiums, highly customizable contracts, wide availability and a strong reputation for customer service. These features make it one of the more accessible and customer-friendly annuity providers.
Pros
- Variety of indexed annuities
- MYGA accessibility
- Highly customizable
Cons
- No flexible premiums
- B++ credit rating
Compare Nassau Life Annuity Rates
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| Product |
Rate
|
Guarantee Period
|
Surrender Period
|
AM Best Rating
|
|---|---|---|---|---|
MYAnnuity 5X - 10% Free Withdrawal |
5.20% | 5 Years | 5 Years | B++ |
|
MYAnnuity 5X - No Free Withdrawal |
5.40% | 5 Years | 5 Years | B++ |
|
MYAnnuity 5X - No Free Withdrawal |
5.00% | 5 Years | 5 Years | B++ |
|
MYAnnuity 7X - 10% Free Withdrawal |
5.25% | 7 Years | 7 Years | B++ |
|
MYAnnuity 7X - No Free Withdrawal |
5.45% | 7 Years | 7 Years | B++ |
|
MyAnnuity 5x - 10% Free Withdrawal |
4.80% | 5 Years | 5 Years | B++ |
|
Simple Annuity |
5.15% | 4 Years | 4 Years | B++ |
|
Simple Annuity |
5.40% | 6 Years | 6 Years | B++ |
Additional Products Offered by Nassau Life
Nassau Life’s annuity offerings include four indexed annuities and two multi-year guaranteed annuities (MYGAs). Whether you’re looking for predictable growth, guaranteed income or features like long-term care riders and enhanced death benefits, Nassau Life’s portfolio of annuity products can be customized to meet your needs.
Nassau Life’s Indexed Annuities
All four of Nassau Life’s indexed annuity products require a single premium payment upfront. The indexed annuities are all unique and offer a variety of features to choose from. “I appreciated the range of annuity options Nassau Life offered,” said Eugene Klimaszewski, a Nassau Life customer. “It allowed me to choose a plan that fit my financial goals and risk appetite.”
Nassau Life’s Indexed Annuity Products:
- The Nassau Bonus AnnuitySM comes with an upfront premium bonus that varies in amount based on the customer’s age. Customers can also add a guaranteed lifetime withdrawal benefit (GLWB) rider.
- With the Nassau Growth AnnuitySM, owners can choose from three index options, five interest-crediting strategies and four guaranteed lifetime income riders.
- The Nassau Personal Income Annuity® offers four index options and the choice of one of two guaranteed minimum withdrawal benefit (GMWB) riders.
The Nassau Personal Protection Choice® annuity comes with a suite of riders designed to offer peace of mind in retirement, including guaranteed withdrawals for life, enhanced death benefits and long-term care coverage.
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Nassau Life’s MYGAs
Nassau Life offers two versions of a multi-year guaranteed annuity. Both the Nassau MYAnnuity® and the Nassau Simple Annuity require single premium payments and offer the choice between two guarantee periods.
Nassau Life’s MYGAs:
- The Nassau MYAnnuity® requires a relatively low minimum investment of $10,000 and features five-year and seven-year guarantee periods.
- The Nassau Simple Annuity has four-year and six-year guarantee periods and free withdrawals of up to 5% each year. This annuity can be purchased online directly from the company.
Buy an Annuity From Nassau Life Today
About Nassau Life
Nassau Life is licensed in 46 states and the District of Columbia. In 2022, the provider sold nearly $1 billion in direct annuity premiums, making up 0.34% of the U.S. annuity market, according to the National Association of Insurance Commissioners (NAIC).
The company that would eventually become Nassau Life was founded in 1851 in Hartford, Connecticut. Religious, civic and business leaders joined together to found the American Temperance Life Insurance Company, a life insurance provider for those who abstained from alcohol.
The company officially took the name Nassau in 2018, and, today, it has 386,000 policies and contracts and $23.3 billion in assets under management.
Log into your provider account or connect with customer service at 1-800-541-0171.
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Credit Ratings
If you’re thinking of buying an annuity, it’s important to know about credit ratings for annuity providers. These ratings show how financially stable the provider is. Keep in mind that different rating companies use different rating scales.
Nassau Life Credit Ratings
| Rating Company | Credit Rating |
| AM Best | B++ |
| Fitch | BB+ |
| S&P | Not Rated |
See which annuity providers our independent editorial team ranked as the Best Annuity Companies of 2024.
What Customers Are Saying About Nassau Life
Nassau Life has a generally positive reputation for customer service. For example, the company holds an excellent 4.9-star rating on Trustpilot, an independent review platform. Over 4,000 customers have reviewed the provider on Trustpilot, with many praising the helpful and pleasant customer service representatives.
Annuity purchaser Eugene Klimaszewski also mentioned a positive experience with Nassau Life’s customer service. “Their representatives were knowledgeable and patient in explaining the different options, which made my decision-making process more informed and less stressful,” Klimaszewski said.
The NAIC tracks the consumer complaints that each state’s insurance commission receives each year. These are used to compile a company’s NAIC Complaint Index.NAIC Complaint IndexDetermined by dividing the company’s share of complaints in the U.S. market by the company’s share of premiums in the U.S. market. The National Complaint Index is always 1.00, so a score of 2.00, for example, is twice as high as expected in the market.
NAIC Complaint Index for Nassau Life
| All Policy Types | 0.37 |
| Individual Annuities Only | 0.00 |
Their representatives were knowledgeable and patient in explaining the different options, which made my decision-making process more informed and less stressful
Nassau Life Pros & Cons
Nassau Life and its annuity products have significant benefits, but there are also disadvantages to purchasing an annuity from this provider.
Pros
- Variety of indexed annuities: Nassau’s four indexed annuity offerings are designed to fit specific consumers’ needs.
- MYGA accessibility: The Nassau Life MYGAs have a low minimum premium and the Nassau Simple Annuity can be purchased online directly from the provider.
- Highly customizable: You can customize your Nassau Life annuity with a variety of riders, including ones for guaranteed withdrawals, guaranteed income, enhanced death benefits and long-term care coverage.
Cons
- No flexible premiums: None of Nassau Life’s annuities allow customers to make multiple premium payments.
- B++ credit rating: While not concerningly low, Nassau’s AM Best rating is lower than many of its competitors.
Still Searching for the Best Annuity Provider?
Provider Rating Methodology
Annuity.org created a fact-based methodology to analyze the strength, security and reach of different annuity providers. We assessed companies based on their availability, the amount of direct premiums sold, their AM Best Financial Strength Rating and their NAIC Complaint Index score.
Providers received a rating on a five-star scale for each of these categories, with the complaint index and financial strength ratings weighed as the heaviest variables. Then, using a weighted average, each company was assigned an overall star rating.
Annuity.org’s Top-Ranked Providers
| Provider | Annuity.org Star Rating |
| Mass Mutual |  |
| New York Life | |
| Pacific Life | |
| Midland National | |
| North American | |
| Western & Southern | |
Our Rating Panel
The Annuity.org editorial team spoke with several different annuity experts to learn more about what is important to customers when searching for a provider and what factors make a company reliable. While Annuity.org designed the methodology, these experts provided feedback during the process and consulted on what factors we should leverage to best help prospective buyers compare providers.
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