TMCnet News
Nassau Re Launches Nassau MYAnnuitySM (5X, 7X)Nassau Re today announced it has added a single-premium multi-year guarantee annuity (MYGA) to its insurance offerings, Nassau MYAnnuitySM (5X, 7X). It is the first new insurance product offering from Phoenix since its acquisition in 2016, and it launches a renewed emphasis on innovative products focused on strong consumer value and choice through Nassau Re's insurance segment. Nassau MYAnnuity is available through independent marketing organizations (IMOs). "In partnership with our IMOs, we are excited to launch our first new annuity since the closing of the Phoenix acquisition, and our first product under the Nassau Re brand," said Phil Gass, chief executive officer of Nassau Re. "Over the last two years, we have invested significantly in our infrastructure and technology to enhance our existing products and make doing business easier for our distribution partners. Adding MYGAs to our product portfolio is a first step to expand and diversify our product offerings." "With the launch of Nassau MYAnnuity, we are pleased to offer a market-leading guaranteed interest rate up to 3.5%," said Tom Buckingham, chief product and service officer for Nassau Re's insurance segment. "Nassau MYAnnuity is an attractive product for individuals looking for higher guaranteed interest rates and safety of principal as they plan for retirement."
Product Choices and Features
To learn more about MYGAs, visit the company's website. Agents, financial advisors and other distributors can contact the Life and Annuity Sales Desk at 888-794-4447 to learn more about Nassau MYAnnuity.
About Nassau Re This news release provides a summary of product features and options, which may vary by state. Actual product details, including all terms and conditions that apply, are contained in each contract. Lifetime payments and guarantees are based on the claims paying ability of PHL Variable Insurance Company. Nassau MYAnnuity 5X, 7X (ICC17IFDA, ICC17IFDAN, ICC17IFDA) is issued by PHL Variable Insurance Company (PHLVIC) (Hartford, CT). PHLVIC is not authorized to conduct business in ME and NY. BPD39557 View source version on businesswire.com: https://www.businesswire.com/news/home/20180320006325/en/ |