North American Charter Plus 14
North American Company
6.5%
Best Cap
10%
Free W/D
29
States
A fixed index annuity that provides growth potential tied to market index performance while protecting your principal from market losses. Designed for people seeking retirement income with downside protection and tax-deferred growth.
Free Withdrawal
10%/yr
Available In
29 states
Min Premium
$20,000
Surrender
14 years
Current Rates & Strategies
| Index | Crediting | Cap | Participation | Fixed |
|---|---|---|---|---|
| Barclays Transitions 12% Index | 2-Year | -- | 65% | -- |
| Barclays Transitions 12% Index | Annual | -- | 45% | -- |
| Barclays Transitions 6% Index | 2-Year | -- | 135% | -- |
| Barclays Transitions 6% Index | Annual | -- | 85% | -- |
| Fidelity Multifactor Yield Index 5% ER | 2-Year | -- | 125% | -- |
| Fidelity Multifactor Yield Index 5% ER | Annual | -- | 90% | -- |
| Goldman Sachs Equity TimeX Index | 2-Year | -- | 75% | -- |
| Goldman Sachs Equity TimeX Index | Annual | -- | 45% | -- |
| Morgan Stanley Dynamic Global Index | 2-Year | -- | 135% | -- |
| Morgan Stanley Dynamic Global Index | Annual | -- | 90% | -- |
| S&P 500 Index | 2-Year | -- | 30% | -- |
| S&P 500 Index | Annual | 6.5% | 100% | -- |
| S&P 500 Index | Monthly | 1.45% | 100% | -- |
| S&P MARC 5% Excess Return | 2-Year | -- | 125% | -- |
| S&P MARC 5% Excess Return | Annual | -- | 90% | -- |
| Fixed Account | Daily | -- | -- | 2.8% |
Key Features
Premium Bonus
Up to 25% total (13% base + 12% enhanced with optional rider)Immediate bonus credited to your accumulation value on all premiums received in first three years
Index Account Options
Up to 20 index account options availableChoose from multiple crediting methods tied to various market indices from leading financial brands
Downside Protection
0% floor on market lossesYour accumulation value cannot decrease due to negative index performance
Interest Credit Reset
Annual or 2-year reset depending on strategy chosenInterest credits are locked in each contract anniversary; cannot be taken away by future market downturns
Penalty-Free Withdrawals
Up to 10% of accumulation value annuallyAccess your money without surrender charges up to a specified amount each year after first contract anniversary
Tax Deferral
No taxes owed until funds are accessedYour annuity grows on a tax-deferred basis, allowing more time for potential growth
Lifetime Income
Multiple payout options available including life income with period certainConvert your accumulation value to guaranteed income payments for life through annuitization
Death Benefit
Full accumulation value or minimum surrender value, whichever is greaterBeneficiaries receive the greater of accumulation value or minimum surrender value
Highlights
Up to 25% immediate premium bonus (13% base + 12% enhanced with optional rider) jumpstarts your retirement savings
Choose from multiple index strategies including enhanced crediting methods with greater upside potential
Protection from market downturns with no direct stock market risk—your principal cannot decrease due to negative index performance
Tax-deferred growth and guaranteed lifetime income options provide confidence in retirement planning
14-year surrender charge period with 10% annual penalty-free withdrawals and nursing home confinement waiver
Surrender Schedule
Yr 1
12%
Yr 2
12%
Yr 3
11%
Yr 4
11%
Yr 5
10%
Yr 6
9%
Yr 7
8%
Yr 8
7%
Yr 9
6%
Yr 10
5%
Yr 11
4%
Yr 12
3%
Yr 13
2%
Yr 14
1%
After
0%
Nursing home waiver
Best For
Pre-retirees and retirees seeking growth potential with guaranteed downside protection, tax-deferred accumulation, and the ability to convert savings into lifetime retirement income without direct stock market exposure.
Consider Alternatives If
Investors needing immediate access to funds without penalties, those requiring flexibility to change annuitization elections after they're made, or individuals uncomfortable with index-based crediting and strategy charges that may result in premium loss in certain scenarios.
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