Nassau MYAnnuity 5X/7X – Fixed Growth with Long-Term Protection
At Diversified Insurance Brokers, we specialize in helping individuals secure guaranteed growth, tax-deferred accumulation, and financial stability through customized annuity solutions. One of the most popular options for conservative savers is the Nassau MYAnnuity 5X/7X Multi-Year Guaranteed Annuity , issued by Nassau Life and Annuity Company. This MYGA (multi-year guaranteed annuity) is designed for people who want protection from market volatility while earning predictable, contractually guaranteed interest.
Instead of riding the ups and downs of the stock market, you lock in a fixed interest rate for a set period (5 or 7 years). During that time, your account value grows tax-deferred, and you’re shielded from market losses. For many pre-retirees and retirees, a MYGA can be a core “safe-money” building block alongside Social Security, pensions, and other annuities.
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Guaranteed Rates That Deliver Consistency
The Nassau MYAnnuity 5X/7X is a multi-year guaranteed annuity (MYGA) that offers guaranteed fixed interest rates for either 5 or 7 years. Once your term is selected, the rate is locked in for the full period, giving you stable, tax-deferred growth with no exposure to market risk.
This can be especially appealing if you are comparing MYGAs to CDs, or if you want a predictable return to complement other strategies like retirement income annuities . Your interest compounds inside the contract until you take withdrawals or the term ends, which may help your money grow faster than a taxable account at the same rate.
Optional Liquidity for Financial Flexibility
Many fixed annuities offer very limited access to your money during the surrender period. The Nassau MYAnnuity 5X/7X is designed with more flexibility in mind. It typically includes:
- Optional 10% penalty-free withdrawals annually, allowing you to access a portion of your funds if you need cash for unexpected expenses or planned distributions.
- Waivers for nursing home confinement and terminal illness, which can help if your health changes and you suddenly need more income or access to principal.
- A guaranteed death benefit, so your beneficiaries receive the full contract value according to the policy terms, without surrender charges reducing their benefit.
This blend of guarantees and access makes the MYAnnuity 5X/7X a practical option for savers who want safety but dislike the idea of “locking up” money completely. If you’re also exploring how annuities can pass value efficiently to heirs, you may want to compare this MYGA with other designs that focus on annuity beneficiary death benefits .
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End-of-Term Flexibility You Can Rely On
When your guarantee period ends, you’re not stuck. The Nassau MYAnnuity 5X/7X gives you several built-in choices:
- Renew into a new guaranteed term if available and appropriate for your plan.
- Withdraw funds without surrender charges once the term is complete.
- Convert your contract into a reliable income stream, potentially coordinating with other income sources such as Social Security and pensions.
These options make the MYAnnuity 5X/7X useful both for short-term rate shopping and longer-term retirement planning. Some clients pair this MYGA with other contracts described on pages like how much income an annuity can pay to build a multi-layered income and safety strategy.
Who Is the MYAnnuity 5X/7X Best For?
This product is often a strong fit for:
- Individuals seeking safe, predictable interest without market exposure or surprises.
- Retirees rolling over funds into a guaranteed, tax-deferred account from a maturing CD, savings, or existing annuity.
- Savers who want optional access to funds via penalty-free withdrawals, even while they benefit from a multi-year guaranteed rate.
- Anyone seeking legacy protection with principal protection and a clear death benefit structure.
The MYAnnuity 5X/7X can be funded with non-qualified money or qualified funds via a transfer or rollover. If you are moving assets from an IRA or old employer plan, you may also want to review:
Strength You Can Trust
Nassau Life and Annuity Company is known for disciplined investment management and a focus on income and protection solutions. When you work with Diversified Insurance Brokers, you’re not limited to a single carrier. As an independent agency, we compare the Nassau MYAnnuity 5X/7X against other leading MYGAs and fixed annuities so you can see how it stacks up on rate, flexibility, and guarantees.
Our role is to help you get the right annuity, structured the right way, based on your timeline, risk tolerance, liquidity needs, and legacy goals. We’ll walk through how this product compares to other multi-year guaranteed annuities and to options featured on pages like what are today’s best annuity rates , so you can make a confident, side-by-side decision.
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Talk to an Advisor or Request Your Annuity Quote
Ready to explore this annuity in more detail—or compare it with other carriers to see if even higher rates are available? With guaranteed income, principal protection, and long-term growth potential on the line, making the right choice is essential. The experienced advisors at Diversified Insurance Brokers will guide you through the options and design a strategy tailored to your retirement goals.
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FAQs: Nassau MYAnnuity 5X/7X Multi-Year Guaranteed Annuity
What type of annuity is the Nassau MYAnnuity 5X/7X?
The Nassau MYAnnuity 5X/7X is a multi-year guaranteed annuity (MYGA). It credits a fixed,
guaranteed interest rate for a specific term (5 or 7 years), with principal protection and tax-deferred growth.
Can I lose money in this annuity?
Your principal is protected from market losses as long as you follow the contract terms. However, withdrawals
above the penalty-free amount during the surrender period, or surrendering early, may result in charges that
reduce your account value.
How long are the interest rates guaranteed?
When you purchase the MYAnnuity 5X/7X, you choose a term (5 or 7 years). The fixed interest rate is guaranteed
for that entire term, regardless of changes in market interest rates.
Is there any liquidity during the term?
Yes. The contract typically allows optional penalty-free withdrawals up to a set percentage
(often 10%) of the account value each year, plus potential waivers for nursing home confinement or terminal
illness, subject to contract rules.
What happens at the end of the guarantee period?
At the end of the term, you generally have options to renew for a new guaranteed period (if available),
withdraw funds without surrender charges, or use the value to generate income or reposition assets into
other strategies.
Is the interest tax-deferred?
Yes. Interest inside the MYGA grows tax-deferred until you take withdrawals or surrender
the contract. If the annuity is held in an IRA or other qualified account, standard retirement account tax
rules apply.
Can I fund this annuity with an IRA or 401(k) rollover?
In many cases, yes. The MYAnnuity 5X/7X can be funded with qualified money via a direct transfer or rollover.
This keeps funds tax-deferred while locking in a guaranteed rate for the selected term.
What happens to the annuity when I die?
Your beneficiaries typically receive the full contract value according to the death benefit
provisions in the contract, helping pass assets efficiently to heirs. Exact details depend on your
beneficiary elections and state rules.
Who is the Nassau MYAnnuity 5X/7X best suited for?
It’s generally best for conservative savers who want fixed, predictable growth, protection from market risk,
and a clear time horizon for their money. It can also work well for retirees repositioning maturing CDs or
cash into a higher-yielding but still conservative option.
About the Author:
Jason Stolz, CLTC, CRPC, is a senior insurance and retirement professional with more than two decades of real-world experience helping individuals, families, and business owners protect their income, assets, and long-term financial stability. As a long-time partner of the nationally licensed independent agency Diversified Insurance Brokers, Jason provides trusted guidance across multiple specialties—including fixed and indexed annuities, long-term care planning, personal and business disability insurance, life insurance solutions, and short-term health coverage. Diversified Insurance Brokers maintains active contracts with over 100 highly rated insurance carriers, ensuring clients have access to a broad and competitive marketplace.
His practical, education-first approach has earned recognition in publications such as VoyageATL, highlighting his commitment to financial clarity and client-focused planning. Drawing on deep product knowledge and years of hands-on field experience, Jason helps clients evaluate carriers, compare strategies, and build retirement and protection plans that are both secure and cost-efficient.
