North American Company for Life and Health

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NAC PrimePath Pro 12

NAC PrimePath Pro 12 is an excellent annuity product, designed with retirement in mind. It offers several income options and a solid 12-year return rate, guaranteed to keep you financially stable in your golden years.

With the added bonus of protection against market downturns, your investment is always safe. Plus, with its friendly customer service, your financial planning becomes a breeze. A worthy choice for a comfortable retirement!

NAC PrimePath Pro 12

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About Product

Type

Fixed Index

Purpose

Lifetime Income

Term

12 Years

Surrender schedule

14%

12%

11%

10%

Fee withdrawal:

Flexible premium

Product Life

Market Value Adjustment

Yes

Return Of Premium

Minimum Contribution

$20,000

Maximum Contribution

$2,000,000

Max Age Qualified

Types Of Funds

Non-Qualified, IRA, IRA Rollover, IRA Transfer, TSA 403b, 1035 Exchange, and TSP

Launch Date

02/02/2021

The PrimePath Pro 12 is a flexible premium deferred fixed index annuity. An annuity is a long-term Contract issued by an insurance company. In exchange for a premium payment, the insurance company agrees to make payments to you later on. This annuity provides an accumulation value that may earn interest through a fixed account and various index accounts (if selected). While the fixed account earns a fixed rate of interest each year, index accounts earn interest credits based on how an underlying index performs. Interest credits are guaranteed to never be less than zero.

Enhanced death benefit: The client has the choice between:

Greater of accumulation value or minimum surrender value (as a lump sum)
Greater of the benefit base and the benefit base floor (must be paid out in equal payments over a 5 year period) subject to the rider death benefit maximum (varies by state).

LPA multiplier: Beginning in the 3rd year, if an owner/annuitant is unable to perform 2/6 activities of daily living (ADLs) for more than 90 consecutive days, the LPA multiplier provides that the LPA can be doubled for that year. Feature available for up to 5 years as long as qualifying requirements are met annually and the accumulation value is greater than zero. Regardless if you choose the level or increasing LPA option, your LPA multiplier benefit is double the LPA for the current year.

Benefit base floor: The benefit base floor is equal to the premiums, less any proportional reductions for withdrawals, accumulated at 1% per year until LPAs are started and 0% thereafter. When the benefit base is utilized by starting LPAs, the benefit base is guaranteed to be no less than the benefit base floor.

Available in states: AL, AZ, AR, CA, CO, DC, FL, GA, IL, IN, IA, KS, KY, LA, ME, MD, MI, MS, NE, NM, NC, ND, RI, SD, TN, VT, WV, WI, and WY

Allocation Accounts

Name	Type	Rates
1-Year Fixed Account	Fixed	3.2% Fixed
1-Year S&P 500 PTP Cap	Point to Point Annual	7.75% Cap
1-Year S&P 500 PTP Monthly Sum Cap	Point to Point Annual Monthly sum	2.3% Cap
1-Year S&P 500 LV DRC 5% PTP Spread	Point to Point Annual	2.25% Spread
1-Year S&P MARC 5% ER PTP Spread	Point to Point Annual
1-Year S&P 500 PTP Participation Rate	Point to Point Annual	30% Participation
1-Year Morgan Stanley Dynamic Contribution PTP Participation Rate	Point to Point Annual	130% Participation
2-Year Morgan Stanley Dynamic Contribution PTP Participation Rate	Point to Point Biennial	180% Participation
2-Year Morgan Stanley Dynamic Contribution PTP Participation Rate with Spread	Point to Point Biennial	320% Participation 2% Spread
1-Year S&P MARC 5% ER PTP Enhanced Participation Rate	Point to Point Annual	165% Participation
2-Year S&P MARC 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	175% Participation
2-Year Morgan Stanley Dynamic Global PTP Enhanced Participation Rate	Point to Point Biennial	250% Participation
2-Year Morgan Stanley Dynamic Global PTP Participation Rate	Point to Point Biennial	200% Participation
1-Year Morgan Stanley Dynamic Global PTP Participation Rate	Point to Point Annual	145% Participation
1-Year S&P Maestro 5 ER PTP Spread	Point to Point Annual
1-Year S&P Maestro 5 ER PTP Enhanced Participation Rate	Point to Point Annual	155% Participation
2-Year S&P Maestro 5 ER PTP Enhanced Participation Rate	Point to Point Biennial	220% Participation

Surrender schedule

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

Hypothetical Projection

Comparison against S&P 500 using current rates

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Investment Amount

Riders

Name	Inbuilt	Fee
PrimePath Pro 12 Rider Level	Yes
PrimePath Pro 12 Rider with Increasing LPP	Yes

Waivers

Nursing Home

Unavailable in states: CA

After the first contract anniversary, if the covered person is confined to a qualified nursing home facility for at least 90 consecutive days you may withdraw up to 100% of your accumulation value without a surrender charge or MVA. If you withdraw 100% of your accumulation value, your Contract will terminate. This waiver is automatically included with your annuity at no additional charge. The nursing home waiver does not include home health care.

Withdrawal Provisions

Surrender charges During the surrender charge period, a surrender charge applies to any amount above the available penalty-free withdrawal amount. Surrender charges may result in a loss of premium. Surrender charges allow the company to invest long-term and in turn, generally offer more favorable crediting rate limits. The surrender charges for each contract year are based on the state where your Contract is issued.

Company Founded: 1886

TOP Rated Company

North American Company for Life and Health

Company Ratings

4.5