NAC Secure Horizon Plus
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Highlights
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.
**Please note: The Retirement Benefits Rider is not displayed in the calculators because it does not have a lifetime income feature.
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.
**Please note: The Retirement Benefits Rider is not displayed in the calculators because it does not have a lifetime income feature.
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
Type
|
Fixed Index
|
---|---|
Premium Bonus
|
20% |
Term
|
10 Years |
Surrender schedule
|
10%10%10%10%10%9%8%7%6%4% |
Free withdrawal
|
1st year: 0% 2nd+ year: 7% |
Market value adjustment
|
|
Return of premium
|
|
Minimum contribution
|
$25,000 |
Types of funds
|
Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, and TSP |
Brochure
|
Open brochure |
Allocation Accounts
Name | Type | Rates |
---|---|---|
5-Year Term BlackRock ESG US 5% ER PTP Participation Rate (CA Only) |
Performance Ladder
5-Year
|
275%
Participation
|
4-Year Term BlackRock ESG US 5% ER PTP Participation Rate (CA Only) |
Performance Ladder
4-Year
|
250%
Participation
|
3-Year Term BlackRock ESG US 5% ER PTP Participation Rate (CA Only) |
Performance Ladder
Triennial
|
215%
Participation
|
2-Year Term BlackRock ESG US 5% ER PTP Participation Rate (CA Only) |
Performance Ladder
Biennial
|
200%
Participation
|
1-Year Term BlackRock ESG US 5% ER PTP Participation Rate (CA Only) |
Performance Ladder
Annual
|
145%
Participation
|
5-Year Term Loomis Sayles Managed Futures PTP Participation Rate |
Performance Ladder
5-Year
|
305%
Participation
|
4-Year Term Loomis Sayles Managed Futures PTP Participation Rate |
Performance Ladder
4-Year
|
280%
Participation
|
3-Year Term Loomis Sayles Managed Futures PTP Participation Rate |
Performance Ladder
Triennial
|
240%
Participation
|
2-Year Term Loomis Sayles Managed Futures PTP Participation Rate |
Performance Ladder
Biennial
|
225%
Participation
|
1-Year Term Loomis Sayles Managed Futures PTP Participation Rate |
Performance Ladder
Annual
|
155%
Participation
|
1-Year Fixed Account |
Fixed
|
2.65%
Fixed
|
1-Year BlackRock ESG US 5% ER PTP Participation Rate (CA Only) |
Point to Point
Annual
|
145%
Participation
|
1-Year Loomis Sayles Managed Futures PTP Participation Rate |
Point to Point
Annual
|
155%
Participation
|
1-Year S&P 500 LV DRC 5% ER PTP Participation Rate |
Point to Point
Annual
|
130%
Participation
|
2-Year BlackRock ESG US 5% ER PTP Participation Rate (CA Only) |
Point to Point
Biennial
|
200%
Participation
|
2-Year S&P 500 LV DRC 5% ER PTP Participation Rate |
Point to Point
Biennial
|
175%
Participation
|
2-Year Loomis Sayles Managed Futures PTP Participation Rate |
Point to Point
Biennial
|
225%
Participation
|
5-Year Term Research Affiliates Global Multi-Asset PTP Participation Rate |
Performance Ladder
5-Year
|
260%
Participation
|
4-Year Term Research Affiliates Global Multi-Asset PTP Participation Rate |
Performance Ladder
4-Year
|
235%
Participation
|
3-Year Term Research Affiliates Global Multi-Asset PTP Participation Rate |
Performance Ladder
Triennial
|
205%
Participation
|
2-Year Term Research Affiliates Global Multi-Asset PTP Participation Rate |
Performance Ladder
Biennial
|
190%
Participation
|
1-Year Term Research Affiliates Global Multi-Asset PTP Participation Rate |
Performance Ladder
Annual
|
135%
Participation
|
1-Year Term S&P PRISM PTP Participation Rate |
Performance Ladder
Annual
|
125%
Participation
|
2-Year Term S&P PRISM PTP Participation Rate |
Performance Ladder
Biennial
|
180%
Participation
|
3-Year Term S&P PRISM PTP Participation Rate |
Performance Ladder
Triennial
|
185%
Participation
|
4-Year Term S&P PRISM PTP Participation Rate |
Performance Ladder
4-Year
|
210%
Participation
|
5-Year Term S&P PRISM PTP Participation Rate |
Performance Ladder
5-Year
|
230%
Participation
|
2-Year S&P PRISM PTP Participation Rate |
Point to Point
Biennial
|
180%
Participation
|
1-Year S&P PRISM PTP Participation Rate |
Point to Point
Annual
|
125%
Participation
|
1-Year Research Affiliates Global Multi-Asset PTP Participation Rate |
Point to Point
Annual
|
135%
Participation
|
2-Year Research Affiliates Global Multi-Asset PTP Participation Rate |
Point to Point
Biennial
|
190%
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 (State Variation) | Yes | 1.45% annually |
Retirement Benefits Rider (OH) | Yes | 1.45% annually |