North American Company for Life and Health

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NAC BenefitSolutions 10

I'm really impressed with the NAC BenefitSolutions 10 annuity. The stability it provides for retirement is a game changer for peace of mind. I love that it guarantees income for life!

Moreover, the flexibility it offers for withdrawals is wonderful. If life throws a curveball at you, NAC BenefitSolutions 10 got your back. Highly recommend it for a worry-free future!

NAC BenefitSolutions 10

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Your State

Investment

Your Gender

Your Age

Retire At

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About Product

Type

Fixed Index

Purpose

Lifetime Income

Term

10 Years

Surrender schedule

10%

Fee withdrawal:

Market Value Adjustment

Yes

Return Of Premium

Minimum Contribution

$20,000

Maximum Contribution

$2,000,000

Max Age Qualified

Types Of Funds

Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, SIMPLE IRA, and TSP

Launch Date

01/07/2015

The NAC Benefit Solutions 10 is an innovative single premium fixed index annuity created with you, the consumer, in mind. Designed as an annuity contract and benefit rider combination, this unique retirement product offers a central Benefit Base to ensure you receive benefits for life. NAC Benefit Solutions 10 can help to offer you financial security and confidence by generating benefits you can count on during retirement:

Lifetime payments
Enhanced payments for qualified nursing home care
Death benefit

An annual rider cost is calculated by multiplying a charge percentage by the benefit base on the contract anniversary. The rider cost is 1.20% of benefit base, deducted from your accumulation value on each contract anniversary until either your contract or benefits rider terminates. This rider may be terminated any time after the surrender charge period.

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	2.3% Fixed
1-Year S&P 500 PTP Monthly Sum Cap	Point to Point Annual Monthly sum	1.85% Cap
1-Year S&P 500 PTP Participation Rate	Point to Point Annual	25% Participation
1-Year S&P MARC 5% ER PTP Participation Rate	Point to Point Annual	90% Participation
1-Year Fidelity Multifactor Yield 5% ER PTP Participation Rate	Point to Point Annual	100% Participation
1-Year Morgan Stanley Dynamic Global PTP Participation Rate	Point to Point Annual	100% Participation
2-Year Morgan Stanley Dynamic Global PTP Participation Rate	Point to Point Biennial	145% Participation
2-Year Fidelity Multifactor Yield 5% ER PTP Participation Rate	Point to Point Biennial	145% Participation
2-Year S&P MARC 5% ER PTP Participation Rate	Point to Point Biennial	135% Participation
2-Year S&P 500 PTP Participation Rate	Point to Point Biennial	35% Participation
1-Year S&P 500 PTP Cap	Point to Point Annual	5% Cap
1-Year Goldman Sachs Equity TimeX PTP Participation Rate	Point to Point Annual	50% Participation
2-Year Goldman Sachs Equity TimeX PTP Participation Rate	Point to Point Biennial	75% Participation
2-Year Barclays Transitions 12 VC PTP Participation Rate	Point to Point Biennial	70% Participation
2-Year Barclays Transitions 6 VC PTP Participation Rate	Point to Point Biennial	140% Participation
1-Year Barclays Transitions 12 VC PTP Participation Rate	Point to Point Annual	45% Participation
1-Year Barclays Transitions 6 VC PTP Participation Rate	Point to Point Annual	90% Participation

Surrender schedule

Year	1	2	3	4	5	6	7	8	9	10
Penalty	10%	10%	9%	9%	8%	8%	7%	6%	4%	2%

Riders

Name	Inbuilt	Fee
Guaranteed Benefits 10 Rider	Yes	1.20% annually
Guaranteed Benefits 10 Rider (AK, CT, DE, HI, ID, IL, LA, MD, MN, MO, NJ, OR, PA, UT, VA, WA)	Yes	1.20% annually

Waivers

Nursing Home

Unavailable in states: CA, and MA

Up to 100% of the annuity’s accumulation value can be withdrawn without a surrender charge or market value adjustment, if the annuitant is confined to a qualified care facility (skilled nursing facility or residential care facility for the elderly in CA), for at least 90 consecutive days as defined in the rider, any time after the first contract year. The annuitant cannot be confined at the time the contract is issued. If 100% of the accumulation value is taken, it will be considered a full surrender and your contract will terminate. This rider is automatically included with the annuity at no additional charge.

ADL

Unavailable in states: CA

LPA multiplier can double LPA for up to five years if unable to perform two of six activities of daily living (ADLs)

Premium Notes

Issue ages (may vary by state)
Available issue ages 40-79 (qualified and non-qualified)

Minimum premium
Single premium, $20,000 qualified and non-qualified

Withdrawal Provisions

Free Withdrawals Like most annuities, you’ll be limited in when and how much you can withdraw from your annuity penalty-free. After the first contract anniversary, a penalty-free withdrawal (also known as a penalty-free partial surrender), of up to 5% (10% beginning in the third contract year if no withdrawals taken in the prior year) of the accumulation value may be taken each year. After the surrender charge period, surrender charges and market value adjustments no longer apply to any withdrawals. Withdrawals may be treated by the government as ordinary income. If taken before age 59 1/2, you may also have to pay a 10% IRS penalty. Withdrawals will reduce your accumulation value accordingly. By current company practice, we’ll waive surrender charges and market value adjustments on any portion of an IRS-required minimum distribution that goes beyond what’s available to you penalty-free.

Company Founded: 1886

TOP Rated Company

North American Company for Life and Health

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