NAC Performance Choice 8: Rates & Review

Highlights

The Performance Choice 8 is a flexible premium fixed indexed annuity with a 8-year surrender charge period that provides advantages such as tax deferral, long-term growth, and a death benefit payout with the added benefit of enhanced growth with no risk of loss of premium due to market fluctuations. The Performance Choice 8 is not an investment in the stock market. It is a fixed annuity that credits interest based on distinct Index Account Options and the annual performance of these selected indices.

Available in states: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY

Type	Fixed Index
Purpose	Accumulation
Term	8 Years
Surrender schedule	10%10%10%10%9%8%5%3%
Free withdrawal	1st year: 0% 2nd+ year: 10%
Flexible premium	Product Life
Market value adjustment
Return of premium
Launch date	10/15/2010
Minimum contribution	$20,000
Maximum contribution	$1,000,000
Max Age Qualified	85
Types of funds	Non-Qualified, IRA, IRA Rollover, IRA Transfer, TSA 403b, SEP IRA, IRA-Roth, Inherited IRA, NQ Stretch, and TSP
Brochure	Open brochure

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Premium Notes

Issue ages
0-85
For issue ages 0-17, a Uniform Gift to Minors Act (UGMA) or Uniform Transfers to Minors Act (UTMA) custodial account must be established.

Premium
The amount paid to the insurance company to fund an annuity.
$20,000 minimum for non-qualified and qualified premium. (or $50 per month TSA salary reduction).
After the first contract anniversary, and with 60 days’ notice from us, we reserve the right to limit or stop accepting additional premium. State variations may apply

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

Withdrawal Provisions

Annuitization

By current company practice, you may receive an income from the Accumulation Value after the first contract year (without surrender charges 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 enforced for at least five years and you elect to receive payments over at least a five-year period. If an annuity payout option is elected, 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

Free Withdrawals

Once per year after the first anniversary, you may take a penalty-free withdrawal (also known as Penalty-Free Partial Surrender), without surrender charges, Premium Bonus Recapture, or Interest Adjustment, up to 10% of your Accumulation Value.

Allocation Accounts

Name	Type	Rates
1-Year Fixed Account	Fixed	3.6% Fixed
2-Year Fidelity Multi Factor Yield 5% ER PTP Enhanced Participation Rate	Point to Point Biennial	270% Participation
1-Year Fidelity Multi Factor Yield 5% ER PTP Enhanced Participation Rate	Point to Point Annual	190% Participation
1-Year Fidelity Multi Factor Yield 5% ER PTP Participation Rate	Point to Point Annual	145% Participation
2-Year Fidelity Multi Factor Yield 5% ER PTP Participation Rate	Point to Point Biennial	205% Participation
1-Year S&P MARC 5% ER PTP Participation Rate	Point to Point Annual	140% Participation
1-Year S&P 500 PTP Participation Rate	Point to Point Annual	30% Participation
2-Year S&P 500 PTP Participation Rate	Point to Point Biennial	40% Participation
2-Year S&P MARC 5% ER PTP Participation Rate	Point to Point Biennial	195% Participation
1-Year S&P 500 PTP Monthly Sum Cap	Point to Point Annual Monthly sum	2.25% Cap
1-Year S&P 500 PTP Cap	Point to Point Annual	7.5% Cap
1-Year S&P 500 LV DRC 5% TR PTP Spread	Point to Point Annual	0.7% Spread
1-Year Morgan Stanley Dynamic Global PTP Participation Rate	Point to Point Annual	150% Participation
2-Year Morgan Stanley Dynamic Global PTP Participation Rate	Point to Point Biennial	205% Participation
2-Year Morgan Stanley Dynamic Global PTP Enhanced Participation Rate	Point to Point Biennial	270% Participation
1-Year Morgan Stanley Dynamic Global PTP Enhanced Participation Rate	Point to Point Annual	190% Participation
2-Year Goldman Sachs Equity TimeX PTP Participation Rate	Point to Point Biennial	105% Participation
1-Year Goldman Sachs Equity TimeX PTP Participation Rate	Point to Point Annual	70% Participation

Surrender schedule

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

Riders

No Riders for NAC Performance Choice 8 annuity.

Waivers

Nursing Home

Unavailable in states: MA

If 75 years old and under when your annuity is issued, a benefit is automatically included at no additional cost that can help if the annuitant ever needs the services of a qualified nursing care facility (skilled nursing facility or residential care facility for the elderly in CA). After the first contract anniversary, if the annuitant becomes confined to a qualified nursing care facility (skilled nursing facility or residential care facility for the elderly in CA), as defined in the rider, an additional 10% of the accumulation value penalty-free is available each year the qualifying conditions are met. The owner can spend this money as they see fit.

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