Fixed index annuity review and rates
NAC Charter Plus 10 Low Band (State Variation)
The Charter Plus 10 is a flexible premium annuity with a 10-year surrender charge period and an MVA provision.
Available in states:
AK, CA, CT, DE, HI, ID, IN, MN, MO, NV, NJ, OH, OK, OR, PA, SC, TX, UT, VA, and WA
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
3%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
5.25%
Cap
|
| 1-Year Nasdaq-100 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
2.3%
Cap
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
25%
Participation
|
| 1-Year S&P 500 PTP Daily Average Spread |
Point to Point
Annual
Daily average
|
7%
Spread
|
| 1-Year S&P 500 LV DRC 5% TR PTP Spread |
Point to Point
Annual
|
3%
Spread
|
| 1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
2.1%
Cap
|
| 2-Year S&P 500 LV DRC 8% TR PTP Spread |
Point to Point
Biennial
|
4.5%
Spread
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Penalty | 9% | 9% | 8% | 7% | 6% | 5% | 4% | 3% | 2% | 1% |
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North American Company for Life and Health
Founded:
1886
A.M. Best:
A+
Fitch:
A+
S&P:
A+
Brochure
Free withdrawal
1st year: 0%
2nd+ year: 10%
2nd+ year: 10%
Premium bonus
5%
Surrender schedule
10 years
Return of premium
Market value adjustment
Minimum contribution
$20,000
Types of funds
Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, and TSP