Is Nassau Life and Annuity a good annuity company?
It depends on how you weigh rate against rating. Nassau Life and Annuity Company carries a B++ (Good) rating from AM Best, one step below the A- level many retirees treat as a floor. In exchange, its MyAnnuity MYGAs often price ahead of A-rated competitors, sometimes by half a percentage point or more. Nassau can make sense as one piece of a multi-carrier strategy, paired with a higher-rated company, but it is a poor fit if a strict A- or better rule is non-negotiable for you.
Nassau Life and Annuity at a glance
| Legal name | Nassau Life and Annuity Company |
|---|---|
| Parent company | Nassau Financial Group |
| Headquarters | Hartford, Connecticut |
| AM Best rating | B++ (Good) |
| What it sells | MYGAs, fixed index annuities, and structured settlements |
| State availability | Most states, varies by product |
| Typical minimum premium | $5,000, varies by product |
Where Nassau Life and Annuity sits on the AM Best scale
B++ is grade 5 of 13. Most buyers look for A- or better for a long-term contract.
- A++
- A+
- A
- A-
- B++Nassau Life and Annuity
- B+
- B
- B-
- C++
- C+
- C
- C-
- D
Today's rates for Nassau Life and Annuity
Rates change often and vary by state, term and deposit size. Get today's numbers for your state, side by side with other top-rated carriers. Free, with no obligation.
Nassau Life and Annuity's background and financial strength
Nassau Life and Annuity Company is the main insurance arm of Nassau Financial Group, a holding company based in Hartford, Connecticut, that has grown mainly by buying insurance businesses rather than building slowly from scratch. Part of Nassau's book of annuities came from acquiring blocks of in-force policies originally written by other carriers, including Sun Life and Hartford Life. That approach gave the company scale relatively quickly, but it also means Nassau's own operating track record as an active annuity seller is shorter than that of carriers that have sold continuously under one name for decades.
| Rating agency | Rating | What it means |
|---|---|---|
| AM Best | B++ | Good |
| S&P Global | Not rated | |
| Moody's | Not rated | |
| Fitch | Not rated |
A B++ grade lands in AM Best's Good tier, one step under the A- rating that many independent agents point to as a minimum for conservative buyers. That gap is the central tradeoff with Nassau: it is not evidence of financial trouble, but it does put the company below the safety margin some retirees insist on. Your state's guaranty association backs annuity contracts up to a set dollar limit no matter which carrier issues them, though that protection is a backstop, not a substitute for choosing a carrier you're comfortable with. Confirm the current rating at AM Best's site and check your state's guaranty limit before funding a large contract.
What types of annuities does Nassau offer?
- MyAnnuity, a series of multi-year guaranteed annuities. These come in several term lengths and have shown up consistently among the higher rates in MYGA comparison tools, which is the main reason buyers consider Nassau in the first place.
- Fixed index annuities. Nassau's index-linked products credit interest tied to market index performance while protecting against loss of principal, distributed through independent agents.
- Structured settlement annuities. Nassau also issues guaranteed payment streams tied to legal settlements, a line of business it picked up along with the blocks it acquired from other carriers.
Because MYGA rates shift often, this page skips a printed rate table. Check the quote box here for what Nassau is currently offering by term and deposit size.
Who is Nassau best for?
- Rate-first buyers who are comfortable with a B++ rating. If squeezing out the highest guaranteed yield matters more to you than clearing an A- bar, Nassau is worth pricing.
- Buyers splitting a MYGA allocation across carriers. A common approach is to place part of your money with Nassau for rate and another part with an A-rated carrier such as Athene or Massachusetts Mutual for maximum financial strength, spreading both yield and credit risk.
Nassau is a weaker fit for buyers who require A- or better across the board, or for anyone who prefers a carrier with a long, continuous history of selling annuities under its own name.
How to reach Nassau Life and Annuity
| Contact method | Detail |
|---|---|
| Website | www.nassaufinancial.com |
| Customer service | 1-800-628-4600 |
| Mailing address | Nassau Life and Annuity Company, One American Row, Hartford, CT 06102 |
| Hours | Monday through Friday, 8 a.m. to 5 p.m. Eastern |
Other annuity companies to consider
If Nassau is on your list, these carriers are worth comparing:
- Athene: larger, higher rated, and a frequent pairing in multi-carrier MYGA strategies
- Massachusetts Mutual: a mutual company with top-tier financial strength
- Oceanview: another carrier that competes primarily on MYGA rate
Pros and cons
Pros
- MYGA rates frequently price ahead of A-rated competitors
- Backing from an institutional parent that has grown through acquisition
- The MyAnnuity MYGA series spans multiple term lengths
- A broad shelf that includes MYGAs, fixed index annuities, and structured settlements
Cons
- B++ (Good) sits one notch below the A- threshold many buyers use as a minimum
- A shorter independent operating history than long-established MYGA carriers
- Not sold in every state
Frequently asked questions
Is it safe to buy an annuity from Nassau?
Nassau currently holds a B++ (Good) rating from AM Best. That is not a sign of financial distress, but it does sit below the A- level that many independent agents treat as a baseline for conservative buyers. Your state's life and health guaranty association adds a backstop up to a state-set limit regardless of the carrier's rating, so check your own state's limit before you commit a large deposit.
What kinds of annuities does Nassau sell?
Nassau sells multi-year guaranteed annuities under the MyAnnuity name, along with fixed index annuities, through licensed independent agents. Availability, rates and features shift by state, so confirm what is currently open where you live before comparing terms.
How does someone go about buying a Nassau annuity?
Nassau annuities are sold exclusively through licensed independent agents rather than directly by the company. A licensed strategist can quote Nassau alongside other top-rated carriers so you can weigh rate against financial strength before deciding.
Written and reviewed by
James Forren Warren
Licensed Retirement Income Strategist · License #20551202
James Forren Warren is a licensed Retirement Income Strategist with Tax Free Wealth Plan. For the past five years he has helped individuals and families turn their savings into retirement income they can count on. He writes and reviews the annuity research on this site and keeps it plain: what a product does, what it costs you, and who it actually fits.
Sources
Educational only, not investment, tax or legal advice. Tax Free Wealth Plan LLC is a licensed insurance agency, not a registered investment adviser or broker-dealer. Annuities are not bank deposits, are not FDIC insured and are not guaranteed by any government agency. Guarantees are backed solely by the claims-paying ability of the issuing insurance company. Features, rates and availability vary by state and change over time; the contract and disclosure documents govern.
