Fixed index annuity review and rates

NAC Secure Horizon Plus

North American Secure Horizon Plus 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 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 with Strategy Charge (or Strategy Ladder with Strategy Charge) method allocates 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 with Strategy Charge also provides 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 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 and Strategy Charge unless you instruct otherwise.
You may only allocate premium to the Strategy Ladder with Strategy Charge on the Contract’s issue date.

Available in states: AL, AZ, AR, CA, CO, DE, DC, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MI, MN, MS, MO, MT, NE, NV, NH, NM, NC, ND, OH, OK, PA, RI, SC, SD, TN, TX, UT, VT, VA, WV, WI, and WY

Allocation Accounts

Name Type Rates
5-Year Term BlackRock ESG US 5% ER PTP Participation Rate
Performance Ladder
5-Year
275% 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
215% 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
145% Participation
5-Year Term Loomis Sayles Managed Futures PTP Participation Rate
Performance Ladder
5-Year
325% 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
250% Participation
2-Year Term Loomis Sayles Managed Futures PTP Participation Rate
Performance Ladder
Biennial
240% Participation
1-Year Term Loomis Sayles Managed Futures PTP Participation Rate
Performance Ladder
Annual
165% Participation
1-Year Fixed Account
Fixed
2.85% Fixed
1-Year BlackRock ESG US 5% ER PTP Participation Rate
Point to Point
Annual
145% Participation
1-Year Loomis Sayles Managed Futures 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
200% Participation
2-Year S&P 500 LV DRC 5% ER PTP Participation Rate
Point to Point
Biennial
185% Participation
2-Year Loomis Sayles Managed Futures PTP Participation Rate
Point to Point
Biennial
240% 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%

Riders

Name Inbuilt Fee
Retirement Benefits Rider Yes 1.20% annually
Retirement Benefits Rider (CA, DE, LA, MD, MO, MT, NH, NV, OK, PA, SC, TX, WY) Yes 1.45% annually
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%
Premium bonus
15%
Surrender schedule
10 years
Return of premium
Market value adjustment
Minimum contribution
$25,000
Types of funds
Non-Qualified, IRA, SEP IRA, IRA-Roth, and TSP