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Care Protection and Family Protection are optional riders and must be elected at contract issue, subject to state availability. They involve an additional fee that is based on a percentage of the income benefit base and is deducted annually from the contract value. The fee for Income, Care and Family Protection is 1.15%, Income and Care Protection fee is 0.95% and Income and Family Protection fee is 1.15%. Rider fee is subject to change and will increase as income benefit base grows.
1. Income Benefit Base bonus varies during years 1-3 depending on the year in which income withdrawals begin.
2. Roll-ups on income benefit base and death benefit base stop at rider exercise.
3. Certain criteria must be met and proof of qualification must be submitted each year to receive the Care Protection benefit rider. Available after second contract anniversary. Care Protection benefit is not available in California. This is not a qualified Long Term Care benefit under the Internal Revenue Code and does not qualify for preferential tax treatment.
4. Death benefit base is reduced by withdrawals and rolls-up annually until the Income or Care Protection riders are exercised. Roll-up percentage varies by age. The death benefit is not life insurance and is taxable to beneficiaries.
A5107F4 ©2020 NassauBPD40141 8-20
Nassau Personal Protection Choice (19FIA, ICC19EIAN, 11GLWB2 and 19RN) is issued by Nassau Life and Annuity Company (Hartford, CT). In California, Nassau Life and Annuity Company does business as "Nassau Life and Annuity Insurance Company." Nassau Life and Annuity Company is not authorized to conduct business in MA, ME, MN and NY, but that is subject to change. Please visit the State/Product Availability page on salesnet.nsre.com for current state-specific issuing company information. Nassau Life and Annuity Company is a subsidiary of Nassau Financial Group.
Insurance Products: NOT FDIC or NC
UAA Insured | NO Bank or Credit Union Guarantee
Product features, rider options and availability may vary by state. Lifetime payments and guarantees are based on the claims-paying ability of Nassau Life and Annuity Company.
Annuities held within qualified plans do not provide any additional tax benefit. Withdrawals are subject to ordinary income tax, and if taken prior to age 59½, a 10% IRS penalty may also apply. A surrender charge and market value adjustment may apply to withdrawals or upon surrender of the contract. Nassau and its affiliates do not provide any individualized tax, investment or financial planning advice. Review the Product Summary for more information on state variations, restrictions and other conditions that may apply.
For Producer Use Only. Not for use with the public as sales literature.
