North American Company for Life and Health

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NAC Charter Plus 10 Low Band (State Variation)

The NAC Charter Plus 10 Low Band is a smart way to nest egg your retirement. It shields your savings while offering reliable growth. Consider it as a safety net for your twilight years.

With flexibility to access your funds and excellent customer service, this annuity fosters a worry-free retirement. It's all about peace of mind, and the NAC Charter delivers.

NAC Charter Plus 10 Low Band (State Variation)

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About Product

Type

Fixed Index

Purpose

Accumulation

Premium Bonus

Term

10 Years

Surrender schedule

8.5%

7.5%

6.5%

5.5%

4.5%

3.5%

Fee withdrawal:

10%

Flexible premium

Product Life

Market Value Adjustment

Yes

Return Of Premium

Minimum Contribution

$20,000

Maximum Contribution

$74,999

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: AK, CA, CT, DE, HI, ID, IN, MN, MO, NV, NJ, OH, OK, OR, PA, SC, TX, UT, VA, and WA

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	120% Participation
1-Year S&P 500 PTP Cap	Point to Point Annual	5.5% 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	1.15% Cap
2-Year Morgan Stanley Dynamic Global PTP Enhanced Participation Rate	Point to Point Biennial	185% Participation
1-Year Morgan Stanley Dynamic Global PTP Enhanced Participation Rate	Point to Point Annual	130% Participation
2-Year Fidelity Multifactor Yield 5% ER PTP Enhanced Participation Rate	Point to Point Biennial	185% Participation
1-Year Fidelity Multifactor Yield 5% ER PTP Enhanced Participation Rate	Point to Point Annual	130% Participation
2-Year Morgan Stanley Dynamic Global PTP Participation Rate	Point to Point Biennial	125% Participation
1-Year Morgan Stanley Dynamic Global PTP Participation Rate	Point to Point Annual	85% Participation
1-Year Fidelity Multifactor Yield 5% ER PTP Participation Rate	Point to Point Annual	85% Participation
1-Year S&P MARC 5% ER PTP Participation Rate	Point to Point Annual	85% Participation
2-Year Goldman Sachs Equity TimeX PTP Participation Rate	Point to Point Biennial	65% Participation
1-Year Goldman Sachs Equity TimeX PTP Participation Rate	Point to Point Annual	35% Participation
2-Year S&P 500 PTP Participation Rate	Point to Point Biennial	25% Participation
2-Year Barclays Transitions 12 PTP Participation Rate	Point to Point Biennial	55% Participation
2-Year Barclays Transitions 6 PTP Participation Rate	Point to Point Biennial	115% Participation
1-Year Barclays Transitions 12 PTP Participation Rate	Point to Point Annual	35% Participation
1-Year Barclays Transitions 6 PTP Participation Rate	Point to Point Annual	75% Participation
2-Year Fidelity Multifactor Yield 5% ER PTP Participation Rate	Point to Point Biennial	125% Participation

Surrender schedule

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

Hypothetical Projection

Comparison against S&P 500 using current rates

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Investment Amount

Riders

No Riders for NAC Charter Plus 10 Low Band (State Variation) annuity.

Waivers

Nursing Home

Unavailable in states: CA

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.

Company Founded: 1886

TOP Rated Company

North American Company for Life and Health

Company Ratings

4.5