NAC BenefitSolutions 10
In the complex world of retirement planning, annuities stand out as a popular choice for those seeking steady income streams in their golden years. Amidst a crowded market, a few annuity companies have distinguished themselves through their robust financial strength, customer service excellence, and diverse product offerings.
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The NAC Benefit Solutions 10 is an innovative single premium fixed index annuity created with you, the consumer, in mind. Designed as an annuity contract and benefit rider combination, this unique retirement product offers a central Benefit Base to ensure you receive benefits for life. NAC Benefit Solutions 10 can help to offer you financial security and confidence by generating benefits you can count on during retirement:
- Lifetime payments
- Enhanced payments for qualified nursing home care
- Death benefit
An annual rider cost is calculated by multiplying a charge percentage by the benefit base on the contract anniversary. The rider cost is 1.20% of benefit base, deducted from your accumulation value on each contract anniversary until either your contract or benefits rider terminates. This rider may be terminated any time after the surrender charge period.
Available in states:
AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY
Allocation Accounts
Name | Type | Rates |
---|---|---|
1-Year Fixed Account |
Fixed
|
2.3%
Fixed
|
1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
1.85%
Cap
|
1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
25%
Participation
|
1-Year S&P MARC 5% ER PTP Participation Rate |
Point to Point
Annual
|
90%
Participation
|
1-Year Fidelity Multifactor Yield 5% ER PTP Participation Rate |
Point to Point
Annual
|
100%
Participation
|
1-Year Morgan Stanley Dynamic Global PTP Participation Rate |
Point to Point
Annual
|
100%
Participation
|
2-Year Morgan Stanley Dynamic Global PTP Participation Rate |
Point to Point
Biennial
|
145%
Participation
|
2-Year Fidelity Multifactor Yield 5% ER PTP Participation Rate |
Point to Point
Biennial
|
145%
Participation
|
2-Year S&P MARC 5% ER PTP Participation Rate |
Point to Point
Biennial
|
135%
Participation
|
2-Year S&P 500 PTP Participation Rate |
Point to Point
Biennial
|
35%
Participation
|
1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
5%
Cap
|
1-Year S&P 500 LV DRC 5% TR PTP Spread |
Point to Point
Annual
|
3.3%
Spread
|
1-Year Goldman Sachs Equity TimeX PTP Participation Rate |
Point to Point
Annual
|
50%
Participation
|
2-Year Goldman Sachs Equity TimeX PTP Participation Rate |
Point to Point
Biennial
|
75%
Participation
|
Surrender schedule
Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
---|---|---|---|---|---|---|---|---|---|---|
Penalty | 10% | 10% | 9% | 9% | 8% | 8% | 7% | 6% | 4% | 2% |
Riders
Name | Inbuilt | Fee |
---|---|---|
Guaranteed Benefits 10 Rider | Yes | 1.20% annually |
Guaranteed Benefits 10 Rider (AK, CT, HI, IL, MN, MO, NJ, OR, PA, UT, VA, WA) | Yes | 1.20% annually |