Annuity Educator
Best Guaranteed Annuity Rates
2-Year
5.25%
3-Year
6.25%
5-Year
6.30%
7-Year
5.80%
10-Year
5.80%

NAC Charter Plus 14 Low Band

In the complex world of retirement planning, annuities stand out as a popular choice for those seeking steady income streams in their golden years. Amidst a crowded market, a few annuity companies have distinguished themselves through their robust financial strength, customer service excellence, and diverse product offerings.

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Learn how an annuity can provide guaranteed income for life.

The Charter Plus 14 is a flexible premium annuity with a 14-year surrender charge period and an MVA provision. The Charter Plus 14 also pays a Premium Bonus on all premiums paid during the first seven years.

Annuitization
By current company practice, you may receive an income from the Accumulation Value after the first contract year (without surrender charges, premium bonus recapture, or Market Value Adjustment) if you choose a Life Income Option. You can also receive an income based on the Accumulation Value if your annuity has been in force for at least five years and payments will be over at least a ten-year period. Once a payout option is selected it cannot be changed and all other rights and benefits under the annuity end. 

With the exception of Life Income options, income options are available for:
  • A minimum of 5 years, or
  • A maximum of 20 years.
The following options are available:
  • Income for a Specified Period
  • Income for a Specified Amount
  • Life Income with a Period Certain
  • Life Income
  • Joint and Survivor Life Income
For Florida:
You may select an annuity payout option based on the accumulation value at any time after the first contract year. Choose from:
  • life income
  • life income with a 10-year period certain
  • life income with a 20-year period certain
  • joint and survivor life income
  • joint and survivor life income with 10- or 20-year period certain
Available in states: AL, AZ, AR, CA, CO, DC, FL, GA, IL, IA, KS, KY, LA, ME, MA, MI, MS, NE, NH, NM, NC, ND, RI, SD, TN, VT, WV, WI, and WY

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
2.55% Fixed
1-Year Nasdaq-100 PTP Monthly Sum Cap
Point to Point
Annual
Monthly sum
2.1% Cap
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
25% Participation
1-Year S&P 500 PTP Daily Average Spread
Point to Point
Annual
Daily average
5% Spread
1-Year S&P 500 LV DRC 5% TR PTP Spread
Point to Point
Annual
2% Spread
1-Year S&P 500 PTP Monthly Sum Cap
Point to Point
Annual
Monthly sum
1.75% Cap
2-Year S&P 500 LV DRC 8% TR PTP Spread
Point to Point
Biennial
3.5% Spread
2-Year Fidelity Multifactor Yield 5% ER PTP Participation Rate
Point to Point
Biennial
165% Participation
1-Year Barclays Transitions 6 PTP Participation Rate
Point to Point
Annual
110% Participation
1-Year Barclays Transitions 12 PTP Participation Rate
Point to Point
Annual
55% Participation
2-Year Barclays Transitions 6 PTP Participation Rate
Point to Point
Biennial
160% Participation
2-Year Barclays Transitions 12 PTP Participation Rate
Point to Point
Biennial
80% Participation
2-Year S&P 500 PTP Participation Rate
Point to Point
Biennial
40% Participation
1-Year Goldman Sachs Equity TimeX PTP Participation Rate
Point to Point
Annual
60% Participation
2-Year Goldman Sachs Equity TimeX PTP Participation Rate
Point to Point
Biennial
90% Participation
1-Year S&P MARC 5% ER PTP Participation Rate
Point to Point
Annual
115% Participation
2-Year S&P MARC 5% ER PTP Participation Rate
Point to Point
Biennial
165% Participation
1-Year Fidelity Multifactor Yield 5% ER PTP Participation Rate
Point to Point
Annual
115% Participation
1-Year Morgan Stanley Dynamic Global PTP Participation Rate
Point to Point
Annual
115% Participation
2-Year Morgan Stanley Dynamic Global PTP Participation Rate
Point to Point
Biennial
165% Participation
1-Year Fidelity Multifactor Yield 5% ER PTP Enhanced Participation Rate
Point to Point
Annual
160% Participation
2-Year Fidelity Multifactor Yield 5% ER PTP Enhanced Participation Rate
Point to Point
Biennial
230% Participation
1-Year Morgan Stanley Dynamic Global PTP Enhanced Participation Rate
Point to Point
Annual
160% Participation
2-Year Morgan Stanley Dynamic Global PTP Enhanced Participation Rate
Point to Point
Biennial
230% Participation

Surrender schedule

Year 1 2 3 4 5 6 7 8 9 10 11 12 13 14
Penalty 12% 12% 11% 11% 10% 9% 8% 7% 6% 5% 4% 3% 2% 1%