NAC Charter Plus 10 High Band (Most States) with EBR
NAC Charter Plus 10 High Band (Most States) with EBR
Ratings:
- A.M. Best A+
- Fitch A+
- S&P A+
- Comdex 89
About Product
Allocation Accounts
Name | Type | Rates |
---|---|---|
1-Year Fixed Account |
Fixed
|
2.45%
Fixed
|
1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
5.75%
Cap
|
1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
20%
Participation
|
1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
1.3%
Cap
|
2-Year Fidelity Multifactor Yield 5% ER PTP Participation Rate |
Point to Point
Biennial
|
135%
Participation
|
2-Year Barclays Transitions 12 PTP Participation Rate |
Point to Point
Biennial
|
60%
Participation
|
2-Year Barclays Transitions 6 PTP Participation Rate |
Point to Point
Biennial
|
120%
Participation
|
1-Year Barclays Transitions 12 PTP Participation Rate |
Point to Point
Annual
|
40%
Participation
|
1-Year Barclays Transitions 6 PTP Participation Rate |
Point to Point
Annual
|
80%
Participation
|
2-Year S&P 500 PTP Participation Rate |
Point to Point
Biennial
|
25%
Participation
|
1-Year Goldman Sachs Equity TimeX PTP Participation Rate |
Point to Point
Annual
|
40%
Participation
|
2-Year Goldman Sachs Equity TimeX PTP Participation Rate |
Point to Point
Biennial
|
70%
Participation
|
1-Year S&P MARC 5% ER PTP Participation Rate |
Point to Point
Annual
|
90%
Participation
|
2-Year S&P MARC 5% ER PTP Participation Rate |
Point to Point
Biennial
|
130%
Participation
|
1-Year Fidelity Multifactor Yield 5% ER PTP Participation Rate |
Point to Point
Annual
|
90%
Participation
|
1-Year Morgan Stanley Dynamic Global PTP Participation Rate |
Point to Point
Annual
|
90%
Participation
|
2-Year Morgan Stanley Dynamic Global PTP Participation Rate |
Point to Point
Biennial
|
135%
Participation
|
1-Year Fidelity Multifactor Yield 5% ER PTP Enhanced Participation Rate |
Point to Point
Annual
|
135%
Participation
|
2-Year Fidelity Multifactor Yield 5% ER PTP Enhanced Participation Rate |
Point to Point
Biennial
|
195%
Participation
|
1-Year Morgan Stanley Dynamic Global PTP Enhanced Participation Rate |
Point to Point
Annual
|
135%
Participation
|
2-Year Morgan Stanley Dynamic Global PTP Enhanced Participation Rate |
Point to Point
Biennial
|
195%
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 |
---|---|---|
NAC Charter Plus 10 Еnhanced bonus rider | No | 0.95% annually (0.00% after 10 years) |
Waivers
Nursing Home
Unavailable in states: CA, and MA
After the first contract anniversary, if the annuitant becomes confined to a qualified nursing care center (skilled nursing facility or residential care facility for the elderly in CA), as defined in the rider, up to 100% of the accumulation value is available each year while the annuitant is confined. If 100% of the accumulation value is taken, it will be considered a full surrender. The annuitant cannot be confined at the time the contract is issued. This rider is automatically included with the annuity at no additional charge. If joint annuitants are named on the annuity, the rider will apply to the first annuitant who qualifies for the benefit.
Premium Notes
All subsequent premiums will initially be credited a fixed interest rate. We will declare this interest rate for each subsequent premium at the time that subsequent premium is received. The interest rate applicable to each subsequent premium is guaranteed until the end of the contract year. On each contract anniversary, North American will allocate any premiums received since the prior contract anniversary, according to your most recent instructions.