NAC Performance Choice 8
The NAC Performance Choice 8 is a great choice for stability in your retirement! It offers the confidence of fixed returns with the potential for growth. You'll love the peace of mind it brings.
This annuity stands out for its flexibility - you can decide how much and when to withdraw your funds. Enjoy your golden years knowing you've made a smart investment with NAC Performance Choice 8!
NAC Performance Choice 8
About Product
Allocation Accounts
Name | Type | Rates |
---|---|---|
1-Year Fixed Account |
Fixed
|
3.35%
Fixed
|
2-Year Fidelity Multi Factor Yield 5% ER PTP Enhanced Participation Rate |
Point to Point
Biennial
|
255%
Participation
|
1-Year Fidelity Multi Factor Yield 5% ER PTP Enhanced Participation Rate |
Point to Point
Annual
|
170%
Participation
|
1-Year Fidelity Multi Factor Yield 5% ER PTP Participation Rate |
Point to Point
Annual
|
130%
Participation
|
2-Year Fidelity Multi Factor Yield 5% ER PTP Participation Rate |
Point to Point
Biennial
|
195%
Participation
|
1-Year S&P MARC 5% ER PTP Participation Rate |
Point to Point
Annual
|
125%
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
|
35%
Participation
|
2-Year S&P MARC 5% ER PTP Participation Rate |
Point to Point
Biennial
|
185%
Participation
|
1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
1.95%
Cap
|
1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
8.25%
Cap
|
1-Year Morgan Stanley Dynamic Global PTP Participation Rate |
Point to Point
Annual
|
135%
Participation
|
2-Year Morgan Stanley Dynamic Global PTP Participation Rate |
Point to Point
Biennial
|
195%
Participation
|
2-Year Morgan Stanley Dynamic Global PTP Enhanced Participation Rate |
Point to Point
Biennial
|
255%
Participation
|
1-Year Morgan Stanley Dynamic Global PTP Enhanced Participation Rate |
Point to Point
Annual
|
175%
Participation
|
2-Year Goldman Sachs Equity TimeX PTP Participation Rate |
Point to Point
Biennial
|
90%
Participation
|
1-Year Goldman Sachs Equity TimeX PTP Participation Rate |
Point to Point
Annual
|
65%
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: CA, and 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.
Premium Notes
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
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, orA maximum of 20 years.The following options are available:Income for a Specified PeriodIncome for a Specified AmountLife Income with a Period CertainLife IncomeJoint and Survivor Life IncomeFree 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.
- A.M. Best A+
- Fitch A+
- S&P A+
- Comdex 89