Help Optimize Social Security Income With The Flex-Forward Income BenefitSM Rider NASSAU INCOME ACCELERATOR Single premium f ixed indexed annuity
Issued by Nassau Life and Annuity Company
Nassau Income Accelerator can support a strategy to delay claims on retirement income sources with the optional Flex-Forward Income Benefit rider.1 OPTIMIZING TOTAL RETIREMENT INCOME Social Security and many pension plan benefits vary by the age you begin claiming benefits. At 67 (full retirement age), 100% of your Social Security benefit is payable. Annual Social Security benefits can increase by up to 24% if you wait until age 70 to claim benefits but reduce by up to 30% if you claim at age 62, when benefits first become available.*
Age When Benefit Begins
Effect of Early or Delayed Retirement on Social Security Retirement Benefits* 0 25 50 75 100
125 124% 116%
70 69
108%
68
100% 93.33% 86.67%
67 66 65 64 63 62
80% 75% 70%
Benefit as Percentage of Primary Insurance Amount *For those born in 1960 or later. The “primary insurance amount” is the benefit (before rounding down to next lower whole dollar) a person would receive if they elect to begin receiving Social Security retirement benefits at their normal retirement age. Source: Social Security Administration, Social Security Benefits: Effect of Early or Delayed Retirement on Retirement Benefits. Product features, rider options and availability may vary by state. Please review all pages of this Brochure and the Product Summary with your insurance producer or financial professional for details on product features. The Product Summary that accompanies this Brochure includes further information on state variations, restrictions and other conditions that may apply. 1. A rider must be elected at the time of annuity application and involves an additional fee (a percentage of your Income Benefit Base deducted annually from the contract value). Guaranteed lifetime withdrawal (income) payment guarantees are based on the claims-paying ability of the insurance company, and only payments, not contract values, are guaranteed. For use by insurance producers with the general public.
HOW TO HELP OPTIMIZE OTHER RETIREMENT BENEFITS Delaying your claim on retirement income sources such as Social Security or a pension could potentially provide a valuable strategy for your retirement. EXAMPLE:
Tim, 62
Tim compares how his annual Social Security benefits will vary if he makes his Social Security claim at age 64, 67 (full retirement age) or age 70.
Sample Social Security Annual Benefit Amounts (ABAs) $35,000 $30,000
$27,290
$25,000
$22,008
$20,000
$17,606
$15,000 $10,000
Looking at the total benefits he could $5,000 receive over time, Tim discovers that a delay $0 64 66 68 70 72 74 76 78 80 82 84 86 88 90 92 94 96 98 100 in his Social Security If Claimed at 64 If Claimed at 67 If Claimed at 70 claim to age 67 will pay off by about age Sample Cumulative Social Security Income By Age at Claim 78. Waiting until age $900,000 70 will result in the highest total income $750,000 received by the time $600,000 Tim is 83. The examples shown in these charts are based on estimated $450,000 Social Security Benefits for age 64, 67 and 70 assuming $300,000 a 12/1/1962 date of birth; $0 earnings in 2024; and $60,000 of earnings in 2023 and a date $150,000 of death not sooner than age 100. Age 64 benefit assumes $0 payments begin 12/1/2026. Examples assume no cost-ofliving adjustments.
64
66
68
70
72
74
76
78
80
82
84
86
88
90
92
94
96
98
100
Age If Claimed at 64
If Claimed at 67
If Claimed at 70
By receiving a higher annuity income benefit in early years, you might be able to delay accessing your Social Security benefits. Subject to certain conditions, delaying access to your Social Security benefits may result in such benefits being increased by a certain percentage for each month of delay beyond full retirement age, up to age 70. Nassau Life and Annuity Company, Nassau Income Accelerator and the Flex-Forward Income Benefit rider are NOT connected with, recommended, or endorsed by any governmental program, agency, or entity, including the Social Security Administration. 01 PAGE
HOW THE FLEX-FORWARD INCOME BENEFIT WORKS The Flex-Forward Income Benefit rider can support a strategy to delay claims on other retirement income sources. The rider offers higher income payments early in exchange for lower income payments later, which continue for your lifetime. When you exercise the Flex-Forward Income Benefit rider, you choose the Early Income Amount you will receive, and select the Early Income Period up to 8 years.2 EXAMPLE: ENHANCED EARLY INCOME TO HELP FILL THE GAP Tim purchases Nassau Income Accelerator with the Flex-Forward Income Benefit. He decides to delay claiming Social Security benefits until age 67 and exercise the rider at age 64, electing to receive the Early Income Amount for three years. EARLY INCOME AMOUNT: $26,902 Tim’s Early Income Amount guarantees higher annual annuity income payments for 3 years. LIFETIME INCOME AMOUNT: $13,781 After the Early Income Period ends, annuity payments shift to a lower guaranteed lifetime income payment.
Annual Income
$40,000 $35,000 $30,000
$13,781
$13,781
$13,781
$22,008
$22,008
$22,008
67
70
$25,000 $20,000 $15,000 $10,000
$26,902
$5,000 $0
64-67 Early Income Amount
Lifetime Income Amount
100 Social Security ABA If Claimed at 67
SOCIAL SECURITY: A $4,402 RAISE Tim’s Social Security benefit, if delayed until age 67, will be higher than it would have been if benefits were claimed at age 64. His annual income from Social Security and Nassau Income Accelerator combined would be $35,789 beginning at age 67. This hypothetical example is meant only to demonstrate how the Flex-Forward Income Benefit rider’s Early Income Amount and Lifetime Income Amount features work. Assumes $200,000 premium, single life option, rider purchased at age 62 and rider exercise at age 64, an Early Income Period of three years, and Lifetime Income Amount thereafter. Example assumes no prior withdrawals. Actual benefits and rider payments will vary. Average Social Security Benefits for age 64, 67 and 70 assume a 12/1/1962 date of birth; $0 earnings in 2024; and $60,000 of earnings in 2023 and no cost-of-living adjustments. Age 64 Social Security benefit assumes payments begin 12/1/2026.
If you exercise your rider and start taking Early Income Amount payments before the youngest Covered Person turns 59½, you may be subject to tax penalties. Please be sure to discuss your situation with your tax advisor prior to exercising your rider. 2. The Flex-Forward Income Benefit rider’s Early Income Feature is only available if the rider is exercised when the youngest covered person is age 70 or younger. The rider’s Early Income Amount is subject to minimums and maximums. After age 70, only the Lifetime Income Feature is available. 02 PAGE
WORKING HARDER TO BE YOUR CARRIER OF CHOICE OUR CORE VALUES We get things done
We are supercharging our legacy
We are committed to our customers
Day in and day out, we work hard to be your carrier of choice
This material is provided by Nassau Life and Annuity Company, which issues the annuity described in this document. This material is intended for general use with the public and is not meant to provide any individualized tax or financial planning advice. We encourage you to consult with a financial professional who can tailor a financial plan to meet your needs. Nassau and its affiliates have a financial interest in the sale of their products. Product features, rider options and availability may vary by state. 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. Any tax information included in this brochure is based on current laws which are subject to change. This is not tax advice and you should consult with a tax professional for advice based on your individual circumstances. Annuities are meant to be long-term products. Early withdrawals may be subject to surrender charges, adjustments and pro-rated fees, which may result in the loss of some or all of previously earned interest and a partial loss of principal. Income payments are considered withdrawals from the annuity and will reduce the Accumulation Value, Cash Surrender Value and death benefit. Prior to exercising your rider, you can help to maximize your potential guaranteed income payment by minimizing withdrawals as all withdrawals, including free withdrawals and Required Minimum Distributions (RMDs), are taken from your annuity’s Accumulation Value and will also reduce the Income Benefit Base. After exercising the rider, be sure to withdraw only amounts up to the guaranteed income payment or RMD associated with the contract, otherwise the Income Benefit Base and future guaranteed income payments will be reduced. The annual fee for the rider is 0.95% of the Income Benefit Base, deducted from the Accumulation Value. The rider fee is subject to change and the amount of the fee will increase as the Income Benefit Base grows but will not exceed 1.50%.See the Rider Disclosure for additional information. Interest rates, participation rates, caps and strategy fees are subject to change. This annuity offers a Fixed Account and a variety of Indexed Accounts. The Fixed Account may earn a specified rate of interest of 0% or greater. The Indexed Accounts may or may not earn Index Credits. Index Credits are credited if the type of Index that the Indexed Account tracks performs in a manner described in the Indexed Account riders attached to your annuity contract. Although Index Credits are awarded based on index performance, this annuity is not a security. You are not buying shares of any stock or investing in an index. You are purchasing an annuity, which is a type of insurance contract issued by an insurance company. You can use an annuity to save money for retirement and to receive retirement income for life. It is not meant to be used to meet short-term financial goals. Non-Security Status Disclosure – The Contract is not a Security. The Contract is not registered under the Securities Act of 1933 and is being offered and sold in reliance on an exemption therein. Insurance Products: NOT FDIC or NCUAA Insured | NO Bank or Credit Union Guarantee
Nassau Income Accelerator (19FIA, ICC19EIAN, 19ISN, 19GLWB2, 22GLWB, 22GLWB1.1, 23GLWB2.1, ICC22GLWB1.1, ICC23GLWB2.1, et al.) 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 ME and NY, but that is subject to change. Nassau Life and Annuity Company is a subsidiary of Nassau Financial Group. A5229A ©2026 Nassau BPD42440 1-26