Fixed index annuity review and rates

NAC Performance Choice 8

The Performance Choice 8 is a flexible premium fixed indexed annuity with a 8-year surrender charge period that provides advantages such as tax deferral, long-term growth, and a death benefit payout with the added benefit of enhanced growth with no risk of loss of premium due to market fluctuations. The Performance Choice 8 is not an investment in the stock market. It is a fixed annuity that credits interest based on distinct Index Account Options and the annual performance of these selected indices.
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
3.6% Fixed
2-Year Fidelity Multi Factor Yield 5% ER PTP Enhanced Participation Rate
Point to Point
Biennial
245% Participation
1-Year Fidelity Multi Factor Yield 5% ER PTP Enhanced Participation Rate
Point to Point
Annual
170% Participation
1-Year Fidelity Multi Factor Yield 5% ER PTP Participation Rate
Point to Point
Annual
140% Participation
2-Year Fidelity Multi Factor Yield 5% ER PTP Participation Rate
Point to Point
Biennial
195% Participation
1-Year S&P MARC 5% ER PTP Participation Rate
Point to Point
Annual
130% Participation
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
30% Participation
2-Year S&P 500 PTP Participation Rate
Point to Point
Biennial
45% Participation
2-Year S&P MARC 5% ER PTP Participation Rate
Point to Point
Biennial
185% Participation
1-Year S&P 500 PTP Monthly Sum Cap
Point to Point
Annual
Monthly sum
2.5% Cap
1-Year S&P 500 PTP Cap
Point to Point
Annual
8% Cap
1-Year S&P 500 LV DRC 5% TR PTP Spread
Point to Point
Annual
0.7% Spread
1-Year Morgan Stanley Dynamic Global PTP Participation Rate
Point to Point
Annual
140% Participation
2-Year Morgan Stanley Dynamic Global PTP Participation Rate
Point to Point
Biennial
195% Participation
2-Year Morgan Stanley Dynamic Global PTP Enhanced Participation Rate
Point to Point
Biennial
245% Participation
1-Year Morgan Stanley Dynamic Global PTP Enhanced Participation Rate
Point to Point
Annual
170% Participation

Surrender schedule

Year 1 2 3 4 5 6 7 8
Penalty 10% 10% 10% 10% 9% 8% 5% 3%
North American Company for Life and Health
Founded: 1886
A.M. Best: A+
Fitch: A+
S&P: A+
Carrier details
Free withdrawal
1st year: 0%
2nd+ year: 10%
Surrender schedule
8 years
Return of premium
Market value adjustment
Minimum contribution
$20,000
Types of funds
Non-Qualified, IRA, IRA Rollover, IRA Transfer, TSA 403b, SEP IRA, IRA-Roth, Inherited IRA, NQ Stretch, and TSP