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NAC Charter Plus 10 High Band (Most States)

The NAC Charter Plus 10 High Band annuity is a great choice for your retirement planning. It offers a sound, predictable income for life, providing peace of mind knowing that your golden years will be secure.

The easy-to-understand product brochure highlights additional attractive features: competitive interest rates and an option to withdraw funds annually. So, you get control and good returns - a comfy retirement is just within your reach!

North American Company for Life and Health

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NAC Charter Plus 10 High Band (Most States)

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Ratings:

A.M. Best A+
Fitch A+
S&P A+
Comdex 89

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About Product

Type

Fixed Index

Purpose

Accumulation

Premium Bonus

11%

Term

10 Years

Surrender schedule

10%10%9%9%8%8%7%6%4%2%

Fee withdrawal:

10%

Flexible premium

Product Life

Market Value Adjustment

Yes

Return Of Premium

Minimum Contribution

$75,000

Maximum Contribution

$1,000,000

Max Age Qualified

Types Of Funds

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

Launch Date

09/01/2015

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

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	130% Participation
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
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	195% Participation
1-Year Morgan Stanley Dynamic Global 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 Fidelity Multifactor Yield 5% ER PTP Enhanced Participation Rate	Point to Point Annual	135% Participation
2-Year Morgan Stanley Dynamic Global PTP Participation Rate	Point to Point Biennial	135% Participation
1-Year Morgan Stanley Dynamic Global PTP Participation Rate	Point to Point Annual	90% Participation
1-Year Fidelity Multifactor Yield 5% ER PTP Participation Rate	Point to Point Annual	90% Participation
1-Year S&P MARC 5% ER PTP Participation Rate	Point to Point Annual	90% Participation
2-Year Goldman Sachs Equity TimeX PTP Participation Rate	Point to Point Biennial	70% Participation
1-Year Goldman Sachs Equity TimeX PTP Participation Rate	Point to Point Annual	40% Participation
2-Year S&P 500 PTP Participation Rate	Point to Point Biennial	25% Participation
1-Year Barclays Transitions 6 PTP Participation Rate	Point to Point Annual	80% Participation
1-Year Barclays Transitions 12 PTP Participation Rate	Point to Point Annual	40% Participation
2-Year Barclays Transitions 6 PTP Participation Rate	Point to Point Biennial	120% Participation
2-Year Barclays Transitions 12 PTP Participation Rate	Point to Point Biennial	60% Participation
2-Year Fidelity Multifactor Yield 5% ER PTP Participation Rate	Point to Point Biennial	135% 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%

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Investment Amount $

Riders

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

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

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.