North American Charter Plus 10
North American Company
6%
Best Cap
10%
Free W/D
50
States
A fixed index annuity that credits interest based on index performance while protecting your principal from market losses. Designed for retirement savers who want growth potential without stock market risk, plus guaranteed income and liquidity options.
Free Withdrawal
10%/yr
Available In
50 states
Min Premium
$20,000
Surrender
10 years
Current Rates & Strategies
| Index | Crediting | Cap | Participation | Fixed |
|---|---|---|---|---|
| Barclays Transitions 12% Index | 2-Year | -- | 60% | -- |
| Barclays Transitions 12% Index | Annual | -- | 40% | -- |
| Barclays Transitions 6% Index | 2-Year | -- | 120% | -- |
| Barclays Transitions 6% Index | Annual | -- | 75% | -- |
| Fidelity Multifactor Yield Index 5% ER | 2-Year | -- | 110% | -- |
| Fidelity Multifactor Yield Index 5% ER | Annual | -- | 125% | -- |
| Goldman Sachs Equity TimeX Index | 2-Year | -- | 70% | -- |
| Goldman Sachs Equity TimeX Index | Annual | -- | 40% | -- |
| Morgan Stanley Dynamic Global Index | 2-Year | -- | 120% | -- |
| Morgan Stanley Dynamic Global Index | Annual | -- | 80% | -- |
| S&P 500 Index | 2-Year | -- | 25% | -- |
| S&P 500 Index | Annual | 6% | 100% | -- |
| S&P 500 Index | Monthly | 1.4% | 100% | -- |
| S&P MARC 5% Excess Return | 2-Year | -- | 110% | -- |
| S&P MARC 5% Excess Return | Annual | -- | 85% | -- |
| Fixed Account | Daily | -- | -- | 2.7% |
Key Features
Premium Bonus
Up to 19% total (10% base + 9% enhanced with optional rider)Immediate credit to your account upon issue and on additional premiums in first 3 years
Index Crediting Methods
Up to 20 index account options available (Monthly/Annual/Two-year Point-to-Point with various rates)Multiple ways to earn interest based on index performance, from conservative to growth-oriented
Principal Protection
0% downside in market downturnsCredited interest locks in each anniversary; losses due to negative index performance don't reduce your accumulation value
Penalty-Free Withdrawals
10% of accumulation value annually starting year 2Access your money without surrender charges up to a specified annual amount after first year
Tax Deferral
Compound growth uninterrupted by taxation until distributionYour account grows without annual tax bills; you only pay taxes when you withdraw funds
Lifetime Income Option
Various payout options including life income, specified period, or joint survivorConvert your accumulation value into guaranteed monthly payments for life
Death Benefit
100% of accumulation value at death (no loss of legacy)Your beneficiary receives the greater of your current accumulation value or minimum surrender value
Nursing Home Waiver
Full penalty-free access during care confinement (state variations apply)If confined to qualified care facility, access up to 100% of accumulation value penalty-free each year
Highlights
Up to 19% immediate premium bonus (10% base + 9% enhanced with optional rider) on premiums in first 3 years
Growth potential tied to market indices without direct stock market risk or loss of principal from downturns
10% annual penalty-free withdrawals after year one, plus 100% access if confined to qualified care facility
Multiple index strategies including volatility-controlled options and enhanced crediting methods for greater upside
Tax-deferred growth with guaranteed income options and full accumulation value passed to beneficiaries at death
Surrender Schedule
Yr 1
10%
Yr 2
10%
Yr 3
9%
Yr 4
9%
Yr 5
8%
Yr 6
8%
Yr 7
7%
Yr 8
6%
Yr 9
4%
Yr 10
2%
After
0%
Nursing home waiver
Best For
Pre-retirees and retirees seeking a balance between growth potential and principal protection who are comfortable with a 10-year commitment and want guaranteed income flexibility.
Consider Alternatives If
Investors who need immediate access to their full account value without penalties, or those seeking direct exposure to stock market gains.
Carrier Ratings
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