NAC PrimePath Pro 12
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Highlights
The PrimePath Pro 12 is a flexible premium deferred fixed index annuity. An annuity is a long-term Contract issued by an insurance company. In exchange for a premium payment, the insurance company agrees to make payments to you later on. This annuity provides an accumulation value that may earn interest through a fixed account and various index accounts (if selected). While the fixed account earns a fixed rate of interest each year, index accounts earn interest credits based on how an underlying index performs. Interest credits are guaranteed to never be less than zero.
Enhanced death benefit: The client has the choice between:
Enhanced death benefit: The client has the choice between:
- Greater of accumulation value or minimum surrender value (as a lump sum)
- Greater of the benefit base and the benefit base floor (must be paid out in equal payments over a 5 year period) subject to the rider death benefit maximum (varies by state).
LPA multiplier: Beginning in the 3rd year, if an owner/annuitant is unable to perform 2/6 activities of daily living (ADLs) for more than 90 consecutive days, the LPA multiplier provides that the LPA can be doubled for that year. Feature available for up to 5 years as long as qualifying requirements are met annually and the accumulation value is greater than zero. Regardless if you choose the level or increasing LPA option, your LPA multiplier benefit is double the LPA for the current year.
Benefit base floor: The benefit base floor is equal to the premiums, less any proportional reductions for withdrawals, accumulated at 1% per year until LPAs are started and 0% thereafter. When the benefit base is utilized by starting LPAs, the benefit base is guaranteed to be no less than the benefit base floor.
Benefit base floor: The benefit base floor is equal to the premiums, less any proportional reductions for withdrawals, accumulated at 1% per year until LPAs are started and 0% thereafter. When the benefit base is utilized by starting LPAs, the benefit base is guaranteed to be no less than the benefit base floor.
Available in states:
AL, AZ, AR, CA, CO, DC, FL, GA, IL, IN, IA, KS, KY, LA, ME, MD, MI, MS, NE, NM, NC, ND, RI, SD, TN, VT, WV, WI, and WY
Type
|
Fixed Index
|
---|---|
Term
|
12 Years |
Surrender schedule
|
14%14%12%12%11%11%10%9%8%7%6%4% |
Free withdrawal
|
1st year: 0% 2nd+ year: 7% |
Market value adjustment
|
|
Return of premium
|
|
Minimum contribution
|
$20,000 |
Types of funds
|
Non-Qualified, IRA, IRA Rollover, IRA Transfer, TSA 403b, 1035 Exchange, and TSP |
Brochure
|
Open brochure |
Allocation Accounts
Name | Type | Rates |
---|---|---|
1-Year Fixed Account |
Fixed
|
3.2%
Fixed
|
1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
7.75%
Cap
|
1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
2.3%
Cap
|
1-Year S&P 500 LV DRC 5% PTP Spread |
Point to Point
Annual
|
2.25%
Spread
|
1-Year S&P MARC 5% ER PTP Spread |
Point to Point
Annual
|
|
1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
30%
Participation
|
1-Year Morgan Stanley Dynamic Contribution PTP Participation Rate |
Point to Point
Annual
|
130%
Participation
|
2-Year Morgan Stanley Dynamic Contribution PTP Participation Rate |
Point to Point
Biennial
|
180%
Participation
|
2-Year Morgan Stanley Dynamic Contribution PTP Participation Rate with Spread |
Point to Point
Biennial
|
320%
Participation
2%
Spread
|
1-Year S&P MARC 5% ER PTP Enhanced Participation Rate |
Point to Point
Annual
|
165%
Participation
|
2-Year S&P MARC 5% ER PTP Enhanced Participation Rate |
Point to Point
Biennial
|
230%
Participation
|
1-Year Morgan Stanley Dynamic Global PTP Enhanced Participation Rate |
Point to Point
Annual
|
175%
Participation
|
2-Year Morgan Stanley Dynamic Global PTP Enhanced Participation Rate |
Point to Point
Biennial
|
250%
Participation
|
2-Year Morgan Stanley Dynamic Global PTP Participation Rate |
Point to Point
Biennial
|
200%
Participation
|
1-Year Morgan Stanley Dynamic Global PTP Participation Rate |
Point to Point
Annual
|
145%
Participation
|
1-Year S&P Maestro 5 ER PTP Spread |
Point to Point
Annual
|
|
1-Year S&P Maestro 5 ER PTP Enhanced Participation Rate |
Point to Point
Annual
|
155%
Participation
|
2-Year S&P Maestro 5 ER PTP Enhanced Participation Rate |
Point to Point
Biennial
|
220%
Participation
|
Surrender schedule
Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Penalty | 14% | 14% | 12% | 12% | 11% | 11% | 10% | 9% | 8% | 7% | 6% | 4% |
Riders
Name | Inbuilt | Fee |
---|---|---|
PrimePath Pro 12 Rider Level | Yes | |
PrimePath Pro 12 Rider with Increasing LPP | Yes |