Last updated October 12, 2026. California rates are refreshed weekly; confirm today’s rate before you apply.
Nassau Life and Annuity Company stands out for simple pricing: its MYGAs pay the same rate from a $10,000 deposit. It also carries a lower financial strength rating than most carriers I review. I’m Kevin Edwards, an independent California annuity agent. Here’s how to weigh both.
Nassau at a Glance
| Issuing company | Nassau Life and Annuity Company, an indirect subsidiary of Nassau Financial Group, L.P. |
| AM Best rating | B++ (Good), stable outlook, most recent action February 27, 2026 |
| Other ratings | Fitch BBB+ (stable), S&P BBB- (stable), KBRA BBB+ (positive) |
| Sold in California | 6 MYGAs and 10 fixed index annuities in this week’s data |
| Best CA MYGA yield | 5.85% for 7 years (Nassau MYAnnuity 7X 0% Free) |
| Best CA S&P 500 cap | 10.50% with a 10-year surrender period (Nassau Growth Annuity 10 Group C) |
Nassau’s Financial Strength
Nassau reports an AM Best financial strength rating of B++ (Good) with a stable outlook, from AM Best’s most recent action on February 27, 2026. B++ sits one notch below A- and is the lowest AM Best rating among the carriers I review. Nassau also lists ratings of BBB+ from Fitch, BBB- from S&P Global and BBB+ from KBRA.
What that means for you: a B++ rating is still in AM Best’s “Good” range, but many buyers and advisors use A- as a minimum. The question is whether Nassau pays enough extra to justify the lower rating, and this week it mostly doesn’t (see below).
Nassau Annuity Rates in California This Week
Full market tables are on my California MYGA rates and California fixed index annuity rates pages.
MYGAs (Simple Annuity and MYAnnuity)
| Product | Term | Guaranteed yield | Deposit for this rate | Lowest entry | MVA | Notes |
|---|---|---|---|---|---|---|
| Nassau Simple Annuity 4 | 4 years | 5.55% | $10,000+ | Same | Yes | — |
| Nassau MYAnnuity 5X 0% Free | 5 years | 5.80% | $10,000+ | Same | Yes | — |
| Nassau MYAnnuity 5X 10% Free | 5 years | 5.60% | $10,000+ | Same | Yes | — |
| Nassau Simple Annuity 6 | 6 years | 5.80% | $10,000+ | Same | Yes | — |
| Nassau MYAnnuity 7X 0% Free | 7 years | 5.85% | $10,000+ | Same | Yes | — |
| Nassau MYAnnuity 7X 10% Free | 7 years | 5.65% | $10,000+ | Same | Yes | — |
Fixed Index Annuities (S&P 500 annual cap)
| Product | Surrender period | S&P 500 cap | Guaranteed min. cap | Riders | Notes |
|---|---|---|---|---|---|
| Nassau Growth Annuity 7 Group C | 7 years | 9.00% | 0.75% | None | MVA |
| Nassau Growth Annuity 10 Group C | 10 years | 10.50% | 0.75% | None | MVA |
| Nassau Growth Annuity 10 Group C with Income | 10 years | 10.50% | 0.75% | 4 optional | MVA |
| Nassau Athos Annuity Non-Bonus Group C | 10 years | 9.00% | 0.50% | None | MVA |
| Nassau Bonus Annuity 10 Group C | 10 years | 8.00% | 0.75% | None | MVA |
| Nassau Bonus Annuity 10 Group C With Income | 10 years | 8.00% | 0.75% | 2 optional | MVA |
| Nassau Personal Income Annuity Group D | 10 years | 7.00% | 0.75% | Must elect 1 of 2 | MVA |
| Nassau Athos Annuity Bonus Group C | 10 years | 6.00% | 0.50% | None | MVA |
| Nassau Personal Protection ChoiceSM Group D | 10 years | 5.50% | 0.75% | None | MVA |
| Nassau Income Accelerator Group D | 10 years | 3.00% | 0.75% | Must elect 1 of 3 | MVA |
My Take on Nassau
The honest read: Nassau’s flat $10,000 minimum is convenient, but its rates don’t beat higher-rated carriers this week. Oxford Life (A) pays more at 4, 6 and 7 years from $20,000, and at the $10,000 level Symetra Select Max 7 pays 5.90% and Reliance Standard’s Eleos MVA 5 pays 5.85%, both above Nassau’s 7- and 5-year rates.
What to watch:
- The “0% Free” versions pay about 0.20% more because they allow no penalty-free withdrawals during the term. Pick the “10% Free” version if you may need access to some of the money.
- Every Nassau MYGA and index annuity here carries a market value adjustment.
- Nassau’s index annuity minimum caps are 0.50% to 0.75%, so renewal caps depend heavily on Nassau’s future pricing.
- The Group C and Group D labels are product designations in the rate data; ask me which version you’re being quoted.
How Nassau Compares in California
| Term | Nassau (best) | Best in California | Leader |
|---|---|---|---|
| 4-year MYGA | 5.55% | 6.05% | Oxford Life Multi-Select 4 |
| 5-year MYGA | 5.80% | 6.10% | Aspida Synergy Choice 5 / Axonic Waypoint 5 |
| 6-year MYGA | 5.80% | 6.35% | Oxford Life Multi-Select 6 |
| 7-year MYGA | 5.85% | 6.20% | Oxford Life Multi-Select 7 |
| 7-year S&P 500 cap | 9.00% | 11.65% | Delaware Life Retirement Stages Select 7 |
| 10-year S&P 500 cap | 10.50% | 12.00% | Delaware Life Target Growth 10 |
See my Oxford Life review for the current MYGA leader, or browse all annuity company reviews.
Frequently Asked Questions
What is Nassau’s AM Best rating?
Nassau reports an AM Best financial strength rating of B++ (Good) with a stable outlook, from AM Best’s most recent action on February 27, 2026.
What is the minimum deposit for a Nassau MYGA?
The Nassau MYGAs in this week’s California data accept $10,000 and pay the same rate at every deposit size.
What does “0% Free” mean on a Nassau MYAnnuity?
It means the contract allows no penalty-free withdrawals during the guarantee period. The “10% Free” version lets you withdraw up to 10% a year without a surrender charge, in exchange for a lower rate.
What is Nassau’s best rate in California?
As of October 12, 2026, Nassau’s best California MYGA yield is 5.85% for 7 years (MYAnnuity 7X 0% Free), and its highest S&P 500 annual cap is 10.50%.
Get a Side-by-Side Quote Before You Buy Nassau
I’m an independent agent, so I’m not tied to Nassau or any other carrier. Tell me your deposit, timeline and whether you need income, and I’ll compare Nassau’s products against the rest of the California market and send you the side-by-side. Request a free annuity quote, or call (877) 854-7396.
Sources
- Financial Strength of Our Insurance Carriers, Nassau Financial Group
- California fixed annuity (MYGA) rates, Fixed Annuity Expert
- California fixed index annuity rates, Fixed Annuity Expert
Rate source: AnnuityRateWatch.com carrier data via AIP Marketing Alliance, retrieved October 12, 2026, filtered to products available to California residents. MYGA rows show guaranteed yield to surrender; FIA rows show the S&P 500 annual point-to-point cap on strategies with a 0% floor, no strategy fee and a stated guaranteed minimum cap. Products sold only through fee-based advisory accounts are excluded. Rates change without notice and must be verified with the issuing carrier at application.
Kevin Edwards, Integrity Now Insurance Brokers. California Insurance License #0D42517. Annuities are insurance products, not bank deposits, and are not FDIC insured. Fixed index annuities are not a direct investment in the stock market or any index; index-linked interest is subject to caps the insurer may change annually, subject to the guaranteed minimum. Guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Financial strength ratings are opinions of the rating agency, can change at any time, and are not a guarantee of an insurer’s ability to pay claims. Withdrawals before the end of the surrender period may be subject to surrender charges and market value adjustments; withdrawals of taxable amounts may be subject to ordinary income tax and, if taken before age 59½, a 10% federal tax penalty. This page is independent and is not affiliated with or endorsed by any insurance company named. It is for educational purposes and is not tax or legal advice. Product availability and features vary by state. S&P 500® is a registered trademark of Standard & Poor’s Financial Services LLC.