About Nassau Re

 

Nassau Re (Nassau Financial Group) with headquarters in Hartford, CT, was formed in 2015 to provide insurance products, reinsurance, and distribution and asset management services.

The company underwrites and distributes life insurance products through insurance companies that have been acquired since the company’s founding:

  • Nassau Life and Annuity Company is formerly known as Phoenix Life Insurance
  • Nassau Life of Texas formerly known as Constitution Life
  • Nassau Life of Kansas formerly known as Pyramid Life Insurance Company

Although the newly formed company is less than five years old, it has become a behemoth insurance company and assumes a rich heritage provided by its acquisitions.

NOTE: We are not Nassau Re. If you’d like to speak with a Nassau Re representative, you can call them at (800) 541-0171 or contact them through their website at www.nsre.com

Nassau Re
P.O. Box 22012
Albany, NY 12201-2012

Year in HistoryHistorical Event
1851American Temperance is founded
1865Phoenix insures Abraham Lincoln
1914Pyramid Life Insurance sells its first policy
1926Financial planning services are introduced
1955First life insurer to reduce women’s rates
1966Begins to offer Medicare Supplement Insurance
1967First insurer to offer discounts for nonsmokers
2015Nassau Re is founded in Hartford, CT

 

Nassau Re Financial Stability and Ratings

a.m. best

As a newly formed life insurer (less than 5 years), Nassau Re must earn its ratings under the new company brand and not rely on the ratings established by the companies it has acquired.

Interested consumers should, however, review the ratings for the newly formed company nonetheless because they are based on data provided by the accounting declarations made by the company.

Rating CompanyCurrent RatingRank Level
A. M. BestB+6th of 13 rating levels
Fitch Rating ServicesBB+11th of 19 rating levels

 

For more information about Nassau Re’s Financial Stability, consumers can learn more about the company by visiting the company’s Corporate Profile online.

 

Life Insurance Products from Nassau Re

 

When it comes to life insurance products, Nassau Re runs what we call a “lean and mean” selection of products. They are currently offering the two most popular types of policies: Term Life and Final Expense Insurance.

 

Nassau Safe Harbor Term

 

The Nassau Safe Harbor Term policy is much more than an affordable death benefit. Since every policy containsNassau re logo an unemployment waiver of premium benefit and three accelerated benefit riders, Safe Harbor Term provides living benefits that every individual or family needs but hopefully never has to use.

Click here for case studies showing how these living benefits can offer protection for everyone.

Nassau Safe Harbor Term is offered with two underwriting processes:

  1. Nassau Safe Harbor Term Express – This policy is a simplified issue underwriting with no medical exam or attending physician statement requirement. The available risk classes are non-tobacco or tobacco risk (standard through table 4).
  2. Nassau Safe Harbor Term Non-medical underwriting with no medical exam requirements but attending physician statements may be required in certain cases. The company offers stand non-tobacco and tobacco risk classes and substandard ratings are available as well.

 

Issue ages and eligible face amounts:

Issue AgesExpress Face AmountsNon-Express Face Amounts
18 to 50$25,000 to $400,000$50,000 to $500,000
51 to 60$25,000 to $300,000$50,000 to $400,000
61 to 70$25,000 to $200,000$50,000 to $300,000
71 to 80$25,000 to $100,000$50,000 to $150,000

 

 Here are actual rates for a Nassau Safe Harbor $250,000 20-year term policy for a male and female non-smoker (no medical exam). 

 

Age of ApplicantMale Non-SmokerFemale Non-Smoker
25$34.91$30.16
30$34.26$31.02
35$41.60$38.14
40$56.05$46.99
45$77.63$61.88
50$119.91$95.97

For an accurate rate for your actual age, please see the instant quote button on the right or give us a call at your convenience at 866-691-0100.

Finally, and very importantly, all of the Nassau Safe Harbor term policies can be converted to a permanent policy without proof of insurability (no medical exam).

 

Nassau Remembrance Life

 

The Nassau Remembrance Life policy is designed to provide lifetime life insurance protection that will help surviving loved ones deal with final expenses such as a funeral, burial, and unpaid medical and nursing home expenses.

Although death is imminent, it is typically unexpected. With the proper final expense insurance in place, the policyholder can provide certainty in uncertain times.

This policy is a critical solution for hard-working individuals who are either near, at, or living in retirement.

 Eligible Issue Ages and Coverage Amounts 
Applicant’s AgeAvailable Coverage
50 to 59$10,000 to $50,000
60 to 69$10,000 to $40,000
70 to 80$10,000 to $35,000

 

Nassau Remembrance Life is whole life insurance and provides all the benefits and guarantees as traditional whole life insurance:

  • Insurance coverage for a lifetime that cannot be canceled by the company for any reason other than non-payment of premiums.
  • Level premiums for a lifetime. The insurance company cannot increase your payment.
  • Accumulate cash value that can be accessed for any reason via policy loans, withdrawals, or surrender.

 

 Here are actual rates for a Nassau Remembrance Life $20,000 policy for a male and female non-smoker (no medical exam). 

 

Age of ApplicantMale Non-SmokerFemale Non-Smoker
50$56.16$49.12
55$67.30$54.63
60$82.40$68.78
65$107.53$82.80
70$141.34$106.37
75$197.39$146.04
80$289.69$216.34

The Nassau Remembrance Life final expense policy also includes the critical illness, terminal illness, and accidental death benefit at no additional charge.

These additional coverages will greatly enhance your life insurance coverage by providing additional living benefits as well as a tax-free guaranteed death benefit to your surviving loved ones.

 

Speak with a Professional
For more information about Nassau Re Life Insurance or if you have other insurance questions, call the insurance professionals at LifeInsure.com at (866) 691-0100 during normal business hours or contact us through our website.