NAC IncomeChoice 10
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Highlights
IncomeChoice 10 is a flexible premium deferred fixed index annuity designed to provide a long-term solution to generating future lifetime income. Individuals who are not planning to utilize the Guaranteed Living Withdrawal Benefit (GLWB) feature for future retirement income, or who intend to take withdrawals prior to utilizing the GLWB feature, will not experience the full benefit of this product.
Available in states:
AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, 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
|
Type
|
Fixed Index
|
|---|---|
|
Term
|
10 Years |
|
Surrender schedule
|
10%10%10%10%10%9%8%6%4%2% |
|
Free withdrawal
|
1st year: 0% 2nd+ year: 5% |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Minimum contribution
|
$20,000 |
|
Types of funds
|
Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, and TSP |
Brochure
|
Open brochure |
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
1.4%
Fixed
|
| 1-Year S&P 500 LV DRC 5% TR Threshold Participation Rate |
Threshold Part Rate
Annual
|
35%
Participation
|
| 2-Year S&P 500 LV DRC 8% TR PTP Spread |
Point to Point
Biennial
|
4.5%
Spread
|
| 1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
1.3%
Cap
|
| 1-Year S&P 500 LV DRC 5% TR PTP Spread |
Point to Point
Annual
|
3.3%
Spread
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
20%
Participation
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
3.25%
Cap
|
| 1-Year S&P MARC 5% ER PTP Spread |
Point to Point
Annual
|
2.25%
Spread
|
| 1-Year Fixed Account |
Fixed
|
1.5%
Fixed
|
| 1-Year S&P 500 LV DRC 5% TR Threshold Participation Rate |
Threshold Part Rate
Annual
|
35%
Participation
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
23%
Participation
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
3.5%
Cap
|
| 1-Year S&P 500 LV DRC 5% PTP Spread |
Point to Point
Annual
|
2.7%
Spread
|
| 1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
1.4%
Cap
|
| 2-Year S&P 500 LV DRC 8% TR PTP Spread |
Point to Point
Biennial
|
4%
Spread
|
| 1-Year S&P MARC 5% ER PTP Spread |
Point to Point
Annual
|
1.85%
Spread
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Penalty | 10% | 10% | 10% | 10% | 10% | 9% | 8% | 6% | 4% | 2% |
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| NAC GLWB with Level LPA | Yes | None |
| NAC GLWB with Increasing LPA | Yes | None |