NAC Charter Plus 10 High Band (Most States) with EBR
The NAC Charter Plus 10 High Band (Most States) with EBR is an excellent choice for securing your retirement. It's simple, stable, and offers impressive returns on your savings. A reliable friend for life!
Plus, the Extra Benefit Rider(EBR) offers an added layer of protection. It's a future-proof solution that gives you peace of mind. Yours is a golden retirement with NAC Charter Plus!
NAC Charter Plus 10 High Band (Most States) with EBR
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.
Withdrawal Provisions
Free Withdrawals After the first contract anniversary, a penalty-free withdrawal (also known as a penalty-free partial surrender), of up to 10% of the accumulation value may be taken each year. After the surrender charge period, surrender charges, premium bonus recapture, and a market value adjustment no longer apply to any withdrawals.
- A.M. Best A+
- Fitch A+
- S&P A+
- Comdex 89
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