NAC Secure Horizon Plus
The North American Company for Life and Health Insurance, founded in 1886, has shown unwavering customer commitment for over 120 years by becoming a dependable player in the life insurance and annuities market. With a vast array of life insurance and annuity solutions, including a remarkable ‘Precision 14’ indexed annuity, the company strives to protect clients and their families from financial regressions through state-of-the-art offerings. Particularly designed for American families and businesses, North American has a long history of serving its clientele faithfully and withholding a positive impact on the communities surrounding them.
NAC Secure Horizon Plus
Ratings:
- A.M. Best A+
- Fitch A+
- S&P A+
- Comdex 89
About Product
Performance Strategy Ladder
The Term Point-to-Point Participation Rate Strategy Ladder with Strategy Charge (or Strategy Ladder with Strategy Charge) method allocates 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 with Strategy Charge also provides 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 with Strategy Charge will end at the end of the 10th Contract year and all funds will then be allocated to a Two-year Point-to-Point with Participation Rate and Strategy Charge unless you instruct otherwise.
You may only allocate premium to the 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.
Allocation Accounts
Name | Type | Rates |
---|---|---|
5-Year Term Loomis Sayles Managed Futures PTP Participation Rate |
Performance Ladder
5-Year
|
300%
Participation
|
4-Year Term Loomis Sayles Managed Futures PTP Participation Rate |
Performance Ladder
4-Year
|
265%
Participation
|
3-Year Term Loomis Sayles Managed Futures PTP Participation Rate |
Performance Ladder
Triennial
|
225%
Participation
|
2-Year Term Loomis Sayles Managed Futures PTP Participation Rate |
Performance Ladder
Biennial
|
210%
Participation
|
1-Year Term Loomis Sayles Managed Futures PTP Participation Rate |
Performance Ladder
Annual
|
140%
Participation
|
1-Year Fixed Account |
Fixed
|
2.65%
Fixed
|
1-Year Loomis Sayles Managed Futures PTP Participation Rate |
Point to Point
Annual
|
140%
Participation
|
1-Year S&P 500 LV DRC 5% ER PTP Participation Rate |
Point to Point
Annual
|
115%
Participation
|
2-Year S&P 500 LV DRC 5% ER PTP Participation Rate |
Point to Point
Biennial
|
165%
Participation
|
2-Year Loomis Sayles Managed Futures PTP Participation Rate |
Point to Point
Biennial
|
210%
Participation
|
5-Year Term Research Affiliates Global Multi-Asset PTP Participation Rate |
Performance Ladder
5-Year
|
250%
Participation
|
4-Year Term Research Affiliates Global Multi-Asset PTP Participation Rate |
Performance Ladder
4-Year
|
220%
Participation
|
3-Year Term Research Affiliates Global Multi-Asset PTP Participation Rate |
Performance Ladder
Triennial
|
190%
Participation
|
2-Year Term Research Affiliates Global Multi-Asset PTP Participation Rate |
Performance Ladder
Biennial
|
175%
Participation
|
1-Year Term Research Affiliates Global Multi-Asset PTP Participation Rate |
Performance Ladder
Annual
|
125%
Participation
|
1-Year Term S&P PRISM PTP Participation Rate |
Performance Ladder
Annual
|
110%
Participation
|
2-Year Term S&P PRISM PTP Participation Rate |
Performance Ladder
Biennial
|
160%
Participation
|
3-Year Term S&P PRISM PTP Participation Rate |
Performance Ladder
Triennial
|
170%
Participation
|
4-Year Term S&P PRISM PTP Participation Rate |
Performance Ladder
4-Year
|
195%
Participation
|
5-Year Term S&P PRISM PTP Participation Rate |
Performance Ladder
5-Year
|
225%
Participation
|
2-Year S&P PRISM PTP Participation Rate |
Point to Point
Biennial
|
160%
Participation
|
1-Year S&P PRISM PTP Participation Rate |
Point to Point
Annual
|
110%
Participation
|
1-Year Research Affiliates Global Multi-Asset PTP Participation Rate |
Point to Point
Annual
|
125%
Participation
|
2-Year Research Affiliates Global Multi-Asset PTP Participation Rate |
Point to Point
Biennial
|
175%
Participation
|
Surrender schedule
Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
---|---|---|---|---|---|---|---|---|---|---|
Penalty | 10% | 10% | 10% | 10% | 10% | 9% | 8% | 7% | 6% | 4% |
Riders
Name | Inbuilt | Fee |
---|---|---|
Retirement Benefits Rider | Yes | 1.20% annually |
Retirement Benefits Rider (State Variation) | Yes | 1.45% annually |
Retirement Benefits Rider (OH) | Yes | 1.45% annually |
Waivers
Nursing Home
Unavailable in states: CA, and SD
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. Potential interest credits for any partial crediting term are only not available with this benefit and are only available as part of the Contract death benefit. The nursing home waiver does not include home health care.
Premium Notes
Withdrawal Provisions
Beginning in the 2nd Contract Year, you may take a penalty-free withdrawal (also known as a penalty-free partial surrender) without surrender charges or market value adjustment, of up to 7% of your beginning of year Accumulation Value. On Required Minimum Distributions (RMDs) exceeding the available penalty-free allowance, surrender charges, and market value adjustments will be waived by current company practice.