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2-Year
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3-Year
6.25%
5-Year
6.50%
7-Year
5.85%
10-Year
5.80%
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NAC Charter Plus 10 High Band (Most States)

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Highlights

The Charter Plus 10 is a flexible premium annuity with a 10-year surrender charge period and an MVA provision. 
Available in states: AL, AZ, AR, CO, DC, FL, GA, IL, IA, KS, KY, LA, ME, MD, MA, MI, MS, MT, NE, NH, NM, NC, ND, RI, SD, TN, VT, WV, WI, and WY
Type
 Fixed Index
Purpose Accumulation
Premium Bonus
 11%
Term
 10 Years
Surrender schedule
 10%10%9%9%8%8%7%6%4%2%
Free withdrawal
 10%
Flexible premium Product Life
Market value adjustment
Return of premium
Launch date
 09/01/2015
Minimum contribution
 $75,000
Maximum contribution
 $1,000,000
Max Age Qualified
 79
Types of funds
 Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, and TSP
Brochure
 Open brochure

Find out if the NAC Charter Plus 10 High Band (Most States) is the right product for you.

Premium Notes

Subsequent Premium
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. 

Note: if eligible you may roll over TSP to us to be administered as a qualified tax status that we offer.

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. 

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
2.45% Fixed
2-Year S&P MARC 5% ER PTP Participation Rate
Point to Point
Biennial
160% Participation
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
25% Participation
1-Year S&P 500 PTP Monthly Sum Cap
Point to Point
Annual
Monthly sum
1.7% Cap
1-Year S&P 500 PTP Cap
Point to Point
Annual
5.75% Cap
2-Year Morgan Stanley Dynamic Global PTP Enhanced Participation Rate
Point to Point
Biennial
225% Participation
1-Year Morgan Stanley Dynamic Global PTP Enhanced Participation Rate
Point to Point
Annual
155% Participation
2-Year Fidelity Multifactor Yield 5% ER PTP Enhanced Participation Rate
Point to Point
Biennial
225% Participation
1-Year Fidelity Multifactor Yield 5% ER PTP Enhanced Participation Rate
Point to Point
Annual
155% Participation
2-Year Morgan Stanley Dynamic Global PTP Participation Rate
Point to Point
Biennial
160% Participation
1-Year Morgan Stanley Dynamic Global PTP Participation Rate
Point to Point
Annual
110% Participation
1-Year Fidelity Multifactor Yield 5% ER PTP Participation Rate
Point to Point
Annual
110% Participation
1-Year S&P MARC 5% ER PTP Participation Rate
Point to Point
Annual
110% Participation
2-Year Goldman Sachs Equity TimeX PTP Participation Rate
Point to Point
Biennial
85% Participation
1-Year Goldman Sachs Equity TimeX PTP Participation Rate
Point to Point
Annual
55% Participation
2-Year S&P 500 PTP Participation Rate
Point to Point
Biennial
35% Participation
1-Year Barclays Transitions 6 PTP Participation Rate
Point to Point
Annual
100% Participation
1-Year Barclays Transitions 12 PTP Participation Rate
Point to Point
Annual
50% Participation
2-Year Barclays Transitions 6 PTP Participation Rate
Point to Point
Biennial
150% Participation
2-Year Barclays Transitions 12 PTP Participation Rate
Point to Point
Biennial
75% Participation
2-Year Fidelity Multifactor Yield 5% ER PTP Participation Rate
Point to Point
Biennial
160% 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

No Riders for NAC Charter Plus 10 High Band (Most States) annuity.

Waivers

Nursing Home

Unavailable in states: 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.

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