NAC Secure Horizon Choice 7
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Highlights
The North American Secure Horizon Choice, a fixed index annuity, can help you confidently take control of your financial future. Secure Horizon Choice offers protection, an enhanced opportunity for growth, and tax deferral.
With Secure Horizon Choice, you can customize your growth strategy according to your retirement needs. You have the opportunity to earn interest based on the positive performance of one or more broadly diversified U.S. and global indices. Interest credits, if any, are calculated based on the strategy option you select. Any interest credited at the end of the strategy term is based on positive index performance and crediting strategy components. In addition, premium allocated to the Fixed Account will earn the current interest rate, which is credited daily.
Performance Strategy Ladder
The Term Point-to-Point Participation Rate Strategy Ladder (or Strategy Ladder) and Term Point-to-Point Participation Rate Strategy Ladder with Strategy Charge (or Strategy Ladder with Strategy Charge) methods allocate your premium equally across five index account Strategies with different term lengths. This combination of term lengths is designed to take advantage of higher participation rates generally associated with longer terms. Because at least one strategy’s term will end each Contract year, the Strategy Ladder and Strategy Ladder with Strategy Charge also provide the potential for interest credits each year.
At the end of each Strategy or sub-allocation’s term length, the accumulation value allocated to that sub-allocation may receive interest credits and will then automatically transfer to a new Strategy with a new term length and participation rates that will be declared at that time. The Strategy Ladder and Strategy Ladder with Strategy Charge will end at the end of the 7th Contract year and all funds will then be allocated to a One-year Point-to-Point with Participation Rate or One-year Point-to-Point with Participation Rate and Strategy Charge respectively unless you instruct otherwise.
You may only allocate premium to the Strategy Ladder and Strategy Ladder with Strategy Charge on the Contract’s issue date.
**Please note: The Retirement Benefits Rider is not displayed in the calculators because it does not have a lifetime income feature.
With Secure Horizon Choice, you can customize your growth strategy according to your retirement needs. You have the opportunity to earn interest based on the positive performance of one or more broadly diversified U.S. and global indices. Interest credits, if any, are calculated based on the strategy option you select. Any interest credited at the end of the strategy term is based on positive index performance and crediting strategy components. In addition, premium allocated to the Fixed Account will earn the current interest rate, which is credited daily.
Performance Strategy Ladder
The Term Point-to-Point Participation Rate Strategy Ladder (or Strategy Ladder) and Term Point-to-Point Participation Rate Strategy Ladder with Strategy Charge (or Strategy Ladder with Strategy Charge) methods allocate your premium equally across five index account Strategies with different term lengths. This combination of term lengths is designed to take advantage of higher participation rates generally associated with longer terms. Because at least one strategy’s term will end each Contract year, the Strategy Ladder and Strategy Ladder with Strategy Charge also provide the potential for interest credits each year.
At the end of each Strategy or sub-allocation’s term length, the accumulation value allocated to that sub-allocation may receive interest credits and will then automatically transfer to a new Strategy with a new term length and participation rates that will be declared at that time. The Strategy Ladder and Strategy Ladder with Strategy Charge will end at the end of the 7th Contract year and all funds will then be allocated to a One-year Point-to-Point with Participation Rate or One-year Point-to-Point with Participation Rate and Strategy Charge respectively unless you instruct otherwise.
You may only allocate premium to the Strategy Ladder and Strategy Ladder with Strategy Charge on the Contract’s issue date.
**Please note: The Retirement Benefits Rider is not displayed in the calculators because it does not have a lifetime income feature.
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 +ADL/Legacy/Income |
|
Term
|
7 Years |
|
Surrender schedule
|
9%8%7%6%5%4%3% |
|
Free withdrawal
|
1st year: 0% 2nd+ year: 10% |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Launch date
|
01/24/2023 |
|
Minimum contribution
|
$25,000 |
|
Maximum contribution
|
$1,000,000 |
|
Max Age Qualified
|
85 |
|
Types of funds
|
Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, and IRA-Roth |
Brochure
|
Open brochure |
Find out if the NAC Secure Horizon Choice 7 is the right product for you.
Premium Notes
Issue Ages
0-85 (base product only)
Minimum Premium
Single premium, $25,000, qualified, and non-qualified
0-85 (base product only)
Minimum Premium
Single premium, $25,000, qualified, and non-qualified
Withdrawal Provisions
Penalty-free Withdrawals
Beginning in the second contract year, once each contract year the client may take a penalty-free withdrawal (also known as a penalty-free partial surrender), without surrender charges or market value adjustment, of up to 10% of the beginning of year accumulation value.
Market Value Adjustment (MVA)
An adjustment applied only during the surrender charge period to full surrenders and any partial surrenders in excess of the Penalty-free Partial Surrender Allowance. The MVA will not be applied upon death.
Beginning in the second contract year, once each contract year the client may take a penalty-free withdrawal (also known as a penalty-free partial surrender), without surrender charges or market value adjustment, of up to 10% of the beginning of year accumulation value.
Market Value Adjustment (MVA)
An adjustment applied only during the surrender charge period to full surrenders and any partial surrenders in excess of the Penalty-free Partial Surrender Allowance. The MVA will not be applied upon death.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 2-Year Term S&P PRISM PTP Participation Rate |
Performance Ladder
Biennial
|
215%
Participation
|
| 5-Year Term Loomis Sayles Managed Futures PTP Participation Rate |
Performance Ladder
5-Year
|
450%
Participation
|
| 4-Year Term Loomis Sayles Managed Futures PTP Participation Rate |
Performance Ladder
4-Year
|
400%
Participation
|
| 3-Year Term Loomis Sayles Managed Futures PTP Participation Rate |
Performance Ladder
Triennial
|
375%
Participation
|
| 2-Year Term Loomis Sayles Managed Futures PTP Participation Rate |
Performance Ladder
Biennial
|
325%
Participation
|
| 1-Year Term Loomis Sayles Managed Futures PTP Participation Rate |
Performance Ladder
Annual
|
230%
Participation
|
| 5-Year Term Loomis Sayles Managed Futures PTP Participation Rate |
Performance Ladder
5-Year
|
400%
Participation
|
| 4-Year Term Loomis Sayles Managed Futures PTP Participation Rate |
Performance Ladder
4-Year
|
350%
Participation
|
| 3-Year Term Loomis Sayles Managed Futures PTP Participation Rate |
Performance Ladder
Triennial
|
325%
Participation
|
| 2-Year Term Loomis Sayles Managed Futures PTP Participation Rate |
Performance Ladder
Biennial
|
275%
Participation
|
| 1-Year Term Loomis Sayles Managed Futures PTP Participation Rate |
Performance Ladder
Annual
|
195%
Participation
|
| 5-Year Term S&P PRISM PTP Participation Rate |
Performance Ladder
5-Year
|
325%
Participation
|
| 4-Year Term S&P PRISM PTP Participation Rate |
Performance Ladder
4-Year
|
300%
Participation
|
| 3-Year Term S&P PRISM PTP Participation Rate |
Performance Ladder
Triennial
|
285%
Participation
|
| 2-Year Term S&P PRISM PTP Participation Rate |
Performance Ladder
Biennial
|
250%
Participation
|
| 1-Year Term S&P PRISM PTP Participation Rate |
Performance Ladder
Annual
|
190%
Participation
|
| 5-Year Term S&P PRISM PTP Participation Rate |
Performance Ladder
5-Year
|
290%
Participation
|
| 4-Year Term S&P PRISM PTP Participation Rate |
Performance Ladder
4-Year
|
260%
Participation
|
| 3-Year Term S&P PRISM PTP Participation Rate |
Performance Ladder
Triennial
|
240%
Participation
|
| 1-Year Term S&P PRISM PTP Participation Rate |
Performance Ladder
Annual
|
165%
Participation
|
| 1-Year Fixed Account |
Fixed
|
4.1%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
8.75%
Cap
|
| 1-Year S&P PRISM PTP Participation Rate |
Point to Point
Annual
|
165%
Participation
|
| 1-Year S&P PRISM PTP Participation Rate |
Point to Point
Annual
|
190%
Participation
|
| 1-Year Loomis Sayles Managed Futures PTP Participation Rate |
Point to Point
Annual
|
195%
Participation
|
| 1-Year Loomis Sayles Managed Futures PTP Participation Rate |
Point to Point
Annual
|
230%
Participation
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Penalty | 9% | 8% | 7% | 6% | 5% | 4% | 3% |
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| Secure Horizon Choice Retirement Benefits Rider | No | 0.50% annually |
| Secure Horizon Choice Retirement Benefits Rider (OH) | No | 0.50% annually |
Waivers
Nursing Home
Unavailable in states: SD
After the first Contract anniversary, if the covered person provides proof of a medically necessary confinement to a qualified nursing care center (skilled nursing facility or residential care facility for the elderly in California) for at least 90 consecutive days (some states may vary) 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. Potential interest credits for any partial crediting term are not available with this benefit and are only available as part of the Contract death benefit.
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