Fixed index annuity review and rates

NAC Secure Horizon

North American Secure Horizon Annuity is a single 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 may earn interest credits based on how an underlying index performs. Interest credits are guaranteed to never be less than zero. 

Performance Strategy Ladder
The Term Point-to-Point Participation Rate Strategy Ladder (or Strategy Ladder) and Term Point-to-Point Participation Rate Strategy Ladder with Strategy Charge (or Strategy Ladder with Strategy Charge) methods allocate your premium equally across five index account Strategies with different term lengths. This combination of term lengths is designed to take advantage of higher participation rates generally associated with longer terms. Because at least one strategy’s term will end each Contract year, the Strategy Ladder and Strategy Ladder with Strategy Charge also provide the potential for interest credits each year. 
At the end of each Strategy or sub-allocation’s term length, the accumulation value allocated to that sub-allocation may receive interest credits and will then automatically transfer to a new Strategy with a new term length and participation rates that will be declared at that time. The Strategy Ladder and Strategy Ladder with Strategy Charge will end at the end of the 10th Contract year and all funds will then be allocated to a Two-year Point-to-Point with Participation Rate or Two-year Point-to-Point with Participation Rate and Strategy Charge respectively unless you instruct otherwise. 
You may only allocate premium to the Strategy Ladder and Strategy Ladder with Strategy Charge on the Contract’s issue date.
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
5-Year Term BlackRock ESG US 5% ER PTP Participation Rate
Performance Ladder
5-Year
300% Participation
4-Year Term BlackRock ESG US 5% ER PTP Participation Rate
Performance Ladder
4-Year
250% Participation
3-Year Term BlackRock ESG US 5% ER PTP Participation Rate
Performance Ladder
Triennial
235% Participation
2-Year Term BlackRock ESG US 5% ER PTP Participation Rate
Performance Ladder
Biennial
200% Participation
1-Year Term BlackRock ESG US 5% ER PTP Participation Rate
Performance Ladder
Annual
150% Participation
5-Year Term BlackRock ESG US 5% ER PTP Participation Rate
Performance Ladder
5-Year
350% Participation
4-Year Term BlackRock ESG US 5% ER PTP Participation Rate
Performance Ladder
4-Year
300% Participation
3-Year Term BlackRock ESG US 5% ER PTP Participation Rate
Performance Ladder
Triennial
275% Participation
2-Year Term BlackRock ESG US 5% ER PTP Participation Rate
Performance Ladder
Biennial
250% Participation
1-Year Term BlackRock ESG US 5% ER PTP Participation Rate
Performance Ladder
Annual
175% Participation
5-Year Term Loomis Sayles Managed Futures PTP Participation Rate
Performance Ladder
5-Year
350% Participation
4-Year Term Loomis Sayles Managed Futures PTP Participation Rate
Performance Ladder
4-Year
300% Participation
3-Year Term Loomis Sayles Managed Futures PTP Participation Rate
Performance Ladder
Triennial
280% Participation
2-Year Term Loomis Sayles Managed Futures PTP Participation Rate
Performance Ladder
Biennial
235% Participation
1-Year Term Loomis Sayles Managed Futures PTP Participation Rate
Performance Ladder
Annual
175% Participation
5-Year Term Loomis Sayles Managed Futures PTP Participation Rate
Performance Ladder
5-Year
400% Participation
4-Year Term Loomis Sayles Managed Futures PTP Participation Rate
Performance Ladder
4-Year
350% Participation
3-Year Term Loomis Sayles Managed Futures PTP Participation Rate
Performance Ladder
Triennial
325% Participation
2-Year Term Loomis Sayles Managed Futures PTP Participation Rate
Performance Ladder
Biennial
300% Participation
1-Year Term Loomis Sayles Managed Futures PTP Participation Rate
Performance Ladder
Annual
200% Participation
1-Year Fixed Account
Fixed
3.6% Fixed
1-Year BlackRock ESG US 5% ER PTP Participation Rate
Point to Point
Annual
175% Participation
1-Year BlackRock ESG US 5% ER PTP Participation Rate
Point to Point
Annual
150% Participation
1-Year Loomis Sayles Managed Futures PTP Participation Rate
Point to Point
Annual
200% Participation
1-Year Loomis Sayles Managed Futures PTP Participation Rate
Point to Point
Annual
175% Participation
1-Year S&P 500 LV DRC 5% ER PTP Participation Rate
Point to Point
Annual
165% Participation
1-Year S&P 500 LV DRC 5% ER PTP Participation Rate
Point to Point
Annual
135% Participation
2-Year BlackRock ESG US 5% ER PTP Participation Rate
Point to Point
Biennial
250% Participation
2-Year BlackRock ESG US 5% ER PTP Participation Rate
Point to Point
Biennial
200% Participation
2-Year Loomis Sayles Managed Futures PTP Participation Rate
Point to Point
Biennial
300% Participation
2-Year Loomis Sayles Managed Futures PTP Participation Rate
Point to Point
Biennial
235% Participation
2-Year S&P 500 LV DRC 5% ER PTP Participation Rate
Point to Point
Biennial
225% Participation
2-Year S&P 500 LV DRC 5% ER PTP Participation Rate
Point to Point
Biennial
180% Participation

Surrender schedule

Year 1 2 3 4 5 6 7 8 9 10
Penalty 10% 10% 10% 10% 10% 9% 8% 7% 6% 4%
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: 7%
Surrender schedule
10 years
Return of premium
Market value adjustment
Minimum contribution
$25,000
Types of funds
Non-Qualified, IRA, TSA 403b, SEP IRA, IRA-Roth, and TSP