MYAnnuity 5X
Nassau Life
4.95%
5-yr guarantee
10%
Free W/D
New York
Only state
Live product data
Rates as of May 28, 2026, based on the latest AdvisorWorld scan of CANNEX data.
5-year guaranteed rate
4.95% guaranteed for 5 years
A multi-year guaranteed annuity from Nassau Life filed specifically for New York residents, publishing a 5-year guarantee period, a declining surrender ladder with an annual free-withdrawal allowance, nursing-home and terminal-illness surrender waivers, single or joint annuitization on non-qualified or qualified money, and a B-grade A.M. Best carrier rating — available only in New York.
Best fit
New York buyers who want a 5-year fixed-rate MYGA from a current rate-bearing filing in a state where many national issuers do not have an available product, value annual free-withdrawal and surrender-waiver access alongside the schedule, and are comfortable with a B-grade A.M. Best carrier rating in exchange for an available NY-state MYGA.
AM Best
B++ Good
Surrender period
5 years
Free withdrawal
10%/yr
Availability
New York only
Product analyst notes
How to think about this contract
Why it can stand out
- The New York filing in Nassau Life's MYGA lineup — buyers in NY, where most national MYGA issuers do not have a current rate-bearing filing, get a current Nassau Life 5-year guarantee period available in their state. Many of the highest-rated MYGA chassis in the broader US market are not available to NY residents at all; this filing is.
- A five-year declining surrender ladder that steps down each year alongside an annual free-withdrawal allowance, so buyers who need partial liquidity in the back half of the contract pay a smaller charge than they would on a flat schedule and are not locked out of small withdrawals.
- A single 5-year guarantee period at a published declared rate — the headline is the rate buyers can put next to any other 5-year MYGA available in New York, with no need to navigate multiple terms before comparing.
- Two contract-level surrender-charge waivers (nursing home, terminal illness) sit on top of the annual free-withdrawal allowance, and both single and joint annuitization options are available with both non-qualified and qualified funds accepted, so couples and IRA buyers are both inside the product's accepted-funds and payout-options envelope.
What to confirm
- Carrier financial-strength on this filing carries a B-grade A.M. Best rating rather than the A-grade tier most national MYGA issuers hold, and the page shows only a single agency view rather than a multi-agency corroboration. NY buyers prioritizing the strongest available carrier-credit profile should weigh that against the headline rate before locking in.
- This is the New York-only Nassau Life MYGA filing — buyers outside New York cannot purchase this productId and should look at the broader Nassau Life MYGA filing (the 49-jurisdiction non-NY filing) or other carriers' MYGAs. The state count on the live feed is one.
- Only the 5-year guarantee period is published on this filing — buyers wanting a 7-year or longer rate-lock should evaluate other carriers' NY-available MYGAs. Surrender charges in the first three years of the schedule are in the mid-single digits — the year-one charge is at the moderate end of the MYGA market and does not drop into the low single digits until year four, so an unplanned early exit beyond the annual free-withdrawal allowance carries a real cost.
- The death benefit on this filing is described as depending on contract terms, withdrawals, and rider elections rather than a guaranteed roll-up or step-up beyond the contract value, there is no premium bonus, and there is no guaranteed-lifetime-withdrawal rider — this contract is built for NY-state rate certainty over a 5-year window, not for legacy enhancement, an upfront bonus, or guaranteed lifetime income.
Not ideal for
Buyers outside New York (filing not available — they should look at the broader Nassau Life MYGA filing or other carriers' MYGAs), buyers who need a longer-than-5-year guarantee period, buyers who require an A-grade A.M. Best carrier rating or multi-agency financial-strength corroboration before locking principal, or buyers who want a premium bonus, a guaranteed-lifetime-withdrawal rider, market-linked upside through index crediting, or a death benefit with a guaranteed roll-up or step-up.
Guaranteed Rates by Term
| Term | Guaranteed Rate |
|---|---|
| 5-Year | 4.95% |
Key Features
Free withdrawal
10%/yrAnnual amount that may be available without surrender charges, subject to contract terms.
Surrender waivers
2Nursing home waiver, Terminal illness waiver
Death benefit
Standard Death BenefitBeneficiary value depends on contract terms, withdrawals, and rider elections.
Annuitization options
Single and jointContract conversion options should be confirmed before purchase.
Fund types
Non-qualified, QualifiedAvailability can vary by state and product terms.
Surrender Schedule
Yr 1
7%
Yr 2
6%
Yr 3
5%
Yr 4
4%
Yr 5
3%
After
0%
Nursing home waiver, Terminal illness waiver, Surrender waivers
Carrier Ratings
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