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fixed annuities

Fixed Indexed Annuity Details

NAC BenefitSolutions 10

Product Name

NAC BenefitSolutions 10

Annuity Type

Fixed Indexed Annuity

Issuing Insurance Company and Ratings

(2nd of 15 ratings)
(5th of 20 ratings)
Not Rated
(5th of 21 ratings)
(percentile of rated companies)

Product Information

The NAC BenefitSolutions 10 is a deferred fixed indexed annuity issued by North American Co for Life & Health Ins.

When your full premium deposit is allocated to the fixed interest account, the current first year yield (including bonus if applicable) is 2.30% (see Rate Details below).

You can also allocate your premium between various strategy and index account options. For complete details on index account options, including current cap and participation rates, please contact AnnuityAdvantage at 1.800.239.0356.

During the time in which the annuity is subject to surrender penalties, there are policy provisions that allow partial access on a penalty free basis. Beginning in the second contract year, this annuity provides up to 5%  of the contract value as the penalty free withdrawal amount that may be withdrawn from the annuity each contract year.

This annuity also waives withdrawal penalties upon death. Your named beneficiary(ies) will receive a death benefit equal to the full accumulation value. A beneficiary may choose to receive their death benefit in either a lump sum or select an available annuitization option.

Details on additional penalty waivers can be found in the Penalty Free Withdrawal Provisions section below.

North American Co for Life & Health Ins is rated “A+” by A.M. Best, was founded in 1886, and has over $35.3 billion in total assets.

Rate Details

May 2nd, 2023
Not Scheduled

Premium Amount: $20,000 - $1,000,000

Fixed Account First Year Yield: 2.30%
Fixed Account Current Interest Rate: 2.30%
Fixed Account Guaranteed Minimum Interest Rate: 0.25%
Index Accounts - Annual Cap and Participation Rates:
Any Index - Highest Participation Rate: 100.00%
S&P 500 - Point-to-Point Cap: 5.00%
S&P 500 - Participation Rate: 25.00%

Initial Surrender Charge and MVA Periods

10 years

10 years

10 years

State variations may exist, refer to product disclosure for details.

Policy Details

45 days
Accumulation Value
See Notes

Penalty Free Withdrawal Provisions

See Notes
Annuitization, Death and Nursing Home

See product brochure, disclosure and riders for additional details, limitations and availability. State variations, age restrictions and holding periods may apply.

State Variations

Not available in:  ID and NY (as of 06/15/2020)

For CA: No LPA Multiplier or Nursing Home Multiplier

For MA: No Nursing Home Waiver


Cumulative Withdrawals: Up to 10% if no withdrawals taken in the prior year after second contract anniversary.

Income Rider Available: Included (with charge) by default per product design.