Performance Choice 12 Plus
Fixed Indexed Annuity
The Performance Choice 12 Plus is a deferred fixed indexed annuity issued by North American Co for Life & Health Ins.
This annuity offers 2.00% as an upfront bonus. When your full premium deposit is allocated to the fixed interest account, the current first year yield (including bonus if applicable) is 3.58% (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this annuity provides up to 10% (noncumulative) of the contract value as the penalty free withdrawal amount that may be withdrawn from the annuity each contract year.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 $37.7 billion in total assets.
|
Sep 24th, 2019
|
| Current | |
|---|---|
| Fixed Account First Year Yield: | 3.58% |
| Upfront Bonus: | 2.00% |
| Fixed Account Current Interest Rate: | 1.55% |
| Fixed Account Guaranteed Minimum Interest Rate: | 0.25% |
12 years
12 years
12 years
State variations may exist, refer to product disclosure for details.
|
$20,000
|
$20,000
|
|
$3,000,000
|
$3,000,000
|
|
75
|
75
|
|
45 days
|
Yes
|
|
Accumulation Value
|
No
|
|
None
|
10%
|
|
No
|
Yes
|
See product brochure, disclosure and riders for additional details, limitations and availability. State variations, age restrictions and holding periods may apply.
Not available in: AK, CT, DE, IL, MN, MO, MT, NV, NY, OH, OK, OR, PA, SC, UT, VA and WA (as of 08/20/2019)
For CA: Max Issue Age is 52
For HI: No Threshold Participation Strategy Crediting Method
For MA: No Nursing Home Waiver
For SC: No S&P 500® Low Volatility Daily Risk Control 5% Index, No Threshold Participation Strategy Crediting Method, No Multi-Asset Risk Control 5% Excess Return Index and Max Issue Age is 48
For TX: Max Issue Age is 55
Description Here
