NAC Guarantee Plus
If you're aiming to secure your retirement, the NAC Guarantee Plus annuity offers a comforting blend of security and growth potential. This product stands out for its flexibility, allowing you to take penalty-free withdrawals after the initial guarantee period. Not to mention, it offers attractive renewal options based on present guaranteed interest rates.
The annuity can provide a robust safety net for your loved ones, offering them the benefit of your accumulated value as a lump sum or in regular installments. Plus, the annuity grows on a tax-deferred basis, letting your money work for you. The NAC Guarantee Plus is a reliable, well-designed tool to bolster your financial plan for retirement.
NAC Guarantee Plus
About Product
MYGA Interest Rates
| Term |
Rate
Annual percentage yield (APY)
earned over the investment term |
|---|---|
| 3 years | 4.4% |
| 5 years | 4.8% |
| 7 years | 4.75% |
Issue ages
Available to issue ages 0-90 (qualified and non-qualified)
For issue ages 0-17, a Uniform Gift to Minors Act (UGMA) or Uniform Transfers to Minors Act (UTMA) custodial account must be established.
Penalty-free withdrawals
Beginning 2nd contract year, equal to the interest earned in the prior contract year. By current company practice, you may take a penalty-free withdrawal in the first contract year equal to interest earned in the first year.
You may elect to receive interest withdrawal payments on a monthly, quarterly, semi-annual or annual basis, called a systematic withdrawal, these scheduled payments are penalty-free but must be at least $50 each.
Market value adjustment
Your contract also includes an MVA feature, which may decrease or increase your surrender value depending on the change in the market value adjustment external index rate since the start of the term. Due to the mechanics of an MVA, surrender values decrease as the MVA external index rate rises. When the MVA external index rate decreases, the surrender value increases. However, the MVA is limited to the surrender charge or the interest credited to the accumulation value.
Riders
No Riders for NAC Guarantee Plus annuity.
Waivers
Nursing Home
Unavailable in states: CA, and SD
After your first contract year, if you become confined to a qualified nursing care facility for 90 consecutive days, you can withdraw 100% of your accumulation value without a surrender charge and without application of a market value adjustment (MVA). You cannot be confined at the time your contract is issued. This rider is automatically included with your annuity at no additional charge. If joint annuitants are named on the annuity, the waiver will apply to the first annuitant who qualifies for the benefit, but not both. The nursing home waiver does not include home health care.
Surrender Window
At the end of each guarantee period is a 30-day window for withdrawals or renewals. During this 30 day window, no surrender charges or Market Value Adjustments will apply should you decide to withdraw all or a portion of the accumulation value. After the 30 day window, a new Guarantee Period, Guarantee Period Interest Rate, Market Value Adjustment and Surrender Charge Period may apply.
- A.M. Best A+
- Fitch A+
- S&P A+
- Comdex 89
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