Nassau Monetary Group desires to offer advisors a device they’ll use to assist purchasers fine-tune the beginning date for Social Safety retirement advantages.

The Hartford, Connecticut-based firm launched the Nassau Revenue Accelerator, an annuity with Social Safety-compatible lifetime earnings choices.

Underneath present guidelines, purchasers could possibly improve their annual Social Safety advantages by as a lot as 24% in the event that they wait till age 70 to say advantages, relatively than beginning at age 62, the corporate says.

Patrons of the brand new Nassau annuity can organize for it to pay greater advantages early on, for as much as eight years, to cut back the necessity to start accumulating Social Safety earlier than age 70.

What it means: Shoppers are hungry for details about Social Safety and concepts about how one can plan for it. Life and annuity issuers have observed.

The Nassau product: Nassau is writing its new annuity via its Nassau Life and Annuity Firm subsidiary.

The product is a single-premium, non-variable listed annuity.

Nassau has $23 billion in property beneath administration.

Different technique strikes: Inventory costs, rates of interest and different financial drivers have bobbled in all instructions in latest months.

Strategists have responded with merchandise geared toward purchasers who’re all completely different ranges of gloom and hope.

American Life & Safety Corp., a subsidiary of Lincoln, Nebraska-based Midwest Holding, launched Fusion, a multi-year assured index annuity that may meet the wants of purchasers who nonetheless need to lock in assured returns.