Nassau MYAnnuity

Nassau MYAnnuitySM 5X, 7X

Put your retirement savings to work for your future.

Nassau MYAnnuity 5X,7X is a single-premium, multi-year guaranteed annuity that offers you protection from market volatility, a choice of 5 or 7 year guarantee periods, and free withdrawal options.

This product may be appropriate for individuals who:

  • seek to accumulate money for retirement1
  • have a conservative risk tolerance and want to invest an inheritance or other lump sum
  • want to secure a fixed annuity payment but not immediate income

Read answers to frequently asked questions

Product Disclosure - with free withdrawal option

Product Disclosure - with no free withdrawal option


Want to discuss the MYGA options Phoenix offers?
We currently offer guarantee periods that have annual rates between 3.35% and 3.65%

Our Currently Effective Rates

Clients have a choice of a 10% Free Withdrawal Amount or No Free Withdrawal Amount.
Election must be made at issue. Rates are based on elections made as referenced in the table below.

Duration Free Withdrawal Amount
10% 0%
5 3.35% 3.55%
7 3.45% 3.65%

Effective as of March 18th, 2018


Notes

1. Withdrawals made during the life of the contract will reduce the amount payable upon annuitization.

Important Disclosures

Nassau MYAnnuity is subject to state approval. Product features, options and availability may vary by state.

Lifetime payments and guarantees are based on the claims paying ability of PHL Variable Insurance Company. Nassau MYAnnuity under forms ICC17IFDA; ICC17IFDAN; 17IFDA or state variation is issued by PHL Variable Insurance Company (PHLVIC) (Hartford, CT). PHLVIC is not authorized to conduct business in ME and NY.

Annuities are long-term investment vehicles. Annuities held within qualified plans do not provide any additional tax benefit. With certain exceptions, surrender charges apply to withdrawals taken during the initial Guarantee Period and a market value adjustment, which may increase or decrease the amount received upon withdrawal, may also apply at any time. All or a portion of amounts withdrawn are subject to ordinary income tax, and if taken prior to age 59 1⁄2, a 10% IRS penalty may also apply. We do not provide tax, financial or investment advice, or act as a fiduciary in the sale or service of the product. Consult a tax advisor or financial representative about your specific circumstances.

This is a brief description of Nassau MYAnnuity and is meant for informational purposes only. Please refer to your Contract for any other specific information including limitations, exclusions and charges.