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Fixed Indexed Annuity

Performance Choice 8

North American Company

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8.9%

Best S&P 500 Annual Cap

10%

Free W/D

50

Available jurisdictions

Product data status: July 15, 2026

Rates, state availability, rider terms, and contract language must be confirmed with a licensed financial advisor or insurance professional before purchase. Guarantees are backed by the issuing insurer.

Model this product

See what Performance Choice 8 would do for you

Set your numbers and switch between growth, income, and liquidity. Index losses credit 0% — the floor — so a down market never reduces your value.

Product analyzer
Illustrative — live CANNEX rates as of July 15, 2026; not a projection or guarantee.
Crediting strategy
Compare against
$305,282
Est. value at age 80 (Performance Choice 8)
8.9%
Best S&P 500 1-yr point-to-point cap
S&P 500 Index — 8.9% Cap (Annual)
✦
How crediting works: the cap limits positive index returns; a down year credits 0%, never a loss. A cap strategy tracks the index within its terms. What is a cap vs participation? →
Assumptions: illustrative — applies Performance Choice 8's published cap rate (8.9% on S&P 500 Index) to a standard benchmark hypothetical index path (~5.4%/yr average, including down years) with a 0% floor over 20 years. Not a projection, quote, or guarantee. Live CANNEX rates as of July 15, 2026.

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Live rate data

Run live numbers for Performance Choice 8

Current rates, riders, crediting strategies, state availability, and contract facts stay scoped to this North American Company product.

Live product data

Rates as of July 15, 2026, based on the latest AdvisorWorld scan of CANNEX data.

S&P 500 annual cap rate

8.9% cap on S&P 500

An eight-year-surrender fixed indexed annuity from an A+ rated North American, built for cap-led accumulation through a competitive S&P 500 annual point-to-point cap alongside an S&P 500 monthly-sum cap and participation strategies on multiple proprietary indexes, with no income rider, no premium bonus, a published annual free-withdrawal allowance, and a nursing-home surrender waiver.

1-year term8-year surrenderDoes not vary by premiumAdvisorWorld + CANNEX data

Best fit

Buyers who want a mid-length eight-year FIA commitment focused on cap-led accumulation with a strong S&P 500 cap, value the optional flexibility to also use monthly-sum or proprietary-index participation crediting inside the same contract, and do not need a guaranteed-lifetime-income rider.

AM Best

A+ Superior

Surrender period

8 years

Free withdrawal

10%/yr

Availability

50 jurisdictions (excl. New York)

Featured crediting strategies

Index / strategyRate mechanics

S&P 500

S&P 500 Index

monthly sum cap

2.95% cap rate

Monthly sum

1-year term · 8-year surrender · Does not vary by premium

S&P 500

S&P 500 Index

8.9% cap rate

Annual cap

1-year term · 8-year surrender · Does not vary by premium

S&P 500

S&P 500 Index

35% participation rate

Participation

1-year term · 8-year surrender · Does not vary by premium

S&P 500

S&P 500 Index

50% participation rate

Participation

2-year term · 8-year surrender · Does not vary by premium

Fixed Account

Fixed Account

4.75% declared rate

Fixed account

1-year term · 8-year surrender · Does not vary by premium

+ 12 additional crediting options (S&P MARC, Fidelity Multifactor, Morgan Stanley...)

Product analyst notes

How to think about this contract

Why it can stand out

  • Eight-year surrender — a shorter rate-lock window than the 10-year accumulation FIAs in this carrier's lineup, paired with a competitive S&P 500 annual point-to-point cap that is among the higher absolute caps in the lineup at this surrender length.
  • Strategy menu blends a recognizable S&P 500 annual cap, an S&P 500 monthly-sum cap, and participation strategies on proprietary volatility-controlled indexes (Morgan Stanley Dynamic Global, Fidelity Multifactor Yield, S&P MARC, Goldman Sachs Equity TimeX) — buyers can pick the crediting mechanic that best fits their view.
  • Published annual free-withdrawal allowance and a nursing-home surrender-charge waiver are both shown on the page, so penalty-free liquidity and a named life-event exit are explicit inside the eight-year surrender window.
  • Carrier financial-strength is rated by more than one agency on this page, so the strength view is not a single-source read.

What to confirm

  • This contract is NOT a guaranteed-lifetime-withdrawal product. The income-rider list on the live feed is empty and there is no PIV income mechanism — do not compare its lifetime-payout potential side-by-side with rider-led income FIAs.
  • The S&P 500 monthly-sum cap on this contract is not directly comparable to the annual cap (a monthly-sum cap caps each month's gain but not each month's loss). Treat the annual cap, not the monthly-sum cap, as the headline.
  • The higher participation rates on this contract sit on proprietary volatility-controlled indexes (Morgan Stanley Dynamic Global, Fidelity Multifactor Yield, S&P MARC, Goldman Sachs Equity TimeX) — their participation rates look strong in absolute terms but are not directly comparable to an S&P 500 cap. Evaluate each strategy on its own historical behavior.
  • There is no premium bonus on this contract — the contract is a clean cap-led accumulation FIA without the bonus/cap-drag trade-off seen on the Charter Plus or Secure Horizon Accelerator/Plus siblings.

Not ideal for

Buyers who need a GLWB income rider, want a longer ten-year rate-lock window, want a premium bonus to offset the surrender, or want a richer proprietary-index lineup (look at the Secure Horizon family instead).

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All crediting strategies

View rate listings (17 rows)

These are the current crediting strategy listings returned for this product. Use the filters to narrow by index, term, premium band, or rate type.

Par: 205% · 1-yr

Morgan Stanley Dynamic Global Index

Strategy Fee Included · participation

8-yr surrenderDoes not vary by premium

Par: 190% · 1-yr

Fidelity Multifactor Yield Index 5% ER

Strategy Fee Included · participation

8-yr surrenderDoes not vary by premium

Par: 160% · 1-yr

S&P MARC 5% Excess Return

participation

8-yr surrenderDoes not vary by premium

Par: 160% · 1-yr

Morgan Stanley Dynamic Global Index

participation

8-yr surrenderDoes not vary by premium

Par: 150% · 1-yr

Fidelity Multifactor Yield Index 5% ER

participation

8-yr surrenderDoes not vary by premium

Par: 75% · 1-yr

Goldman Sachs Equity TimeX Index

participation

8-yr surrenderDoes not vary by premium

Par: 35% · 1-yr

S&P 500 Index

participation

8-yr surrenderDoes not vary by premium

Cap: 8.9% · 1-yr

S&P 500 Index

cap

8-yr surrenderDoes not vary by premium

Fixed: 4.75% · 1-yr

Fixed Account

fixed

8-yr surrenderDoes not vary by premium

Cap: 2.95% · 1-yr

S&P 500 Index

monthly_sum_cap

8-yr surrenderDoes not vary by premium

Par: 285% · 2-yr

Morgan Stanley Dynamic Global Index

Strategy Fee Included · participation

8-yr surrenderDoes not vary by premium

Par: 270% · 2-yr

Fidelity Multifactor Yield Index 5% ER

Strategy Fee Included · participation

8-yr surrenderDoes not vary by premium

Par: 225% · 2-yr

Morgan Stanley Dynamic Global Index

participation

8-yr surrenderDoes not vary by premium

Par: 220% · 2-yr

S&P MARC 5% Excess Return

participation

8-yr surrenderDoes not vary by premium

Par: 220% · 2-yr

Fidelity Multifactor Yield Index 5% ER

participation

8-yr surrenderDoes not vary by premium

Par: 115% · 2-yr

Goldman Sachs Equity TimeX Index

participation

8-yr surrenderDoes not vary by premium

Par: 50% · 2-yr

S&P 500 Index

participation

8-yr surrenderDoes not vary by premium

Accumulation profile

Accumulation-focused contract

Current CANNEX product data marks this filing as tax-deferred accumulation. Compare cap, participation rate, fees, liquidity, and surrender terms; use a separate payout-focused contract when guaranteed payout mechanics are required.

Common questions about Performance Choice 8

● Can I lose money in Performance Choice 8?

A negative index return by itself does not reduce the contract's account value: Performance Choice 8 credits 0% — the floor — for that indexed period. The account value can still decrease from applicable rider fees, Performance Rate Rider or other strategy charges, administrative charges, withdrawals, surrender charges, or other contract-specific deductions. In years with no credited interest, those deductions can reduce the account value. Up to 10% of your value can be withdrawn each year without a charge; withdrawals above the penalty-free amount during the surrender period can incur a surrender charge.

● When can I access my money without a surrender charge?

Up to 10% of your account value each year is penalty-free. The scheduled surrender charges run 8 years; after that the surrender-charge schedule ends. Bonus vesting, market value adjustments when applicable, and other contract rules can still affect the amount available. The Liquidity tab of the analyzer shows the year-by-year surrender charge.

● How do Performance Choice 8's crediting strategies compare?

Use "Compare against" in the analyzer to overlay another current Performance Choice 8 strategy on the same premium, age, years, and hypothetical index path. The control labels the strategy type, rate, index, and context so caps, participation rates, triggers, spreads, and fixed-account choices are not treated as interchangeable.

Key Features

Free withdrawal

10%/yr

Annual amount that may be available without surrender charges, subject to contract terms.

Surrender waivers

1

Nursing home waiver

Death benefit

Accumulation Value DB

Beneficiary value depends on contract terms, withdrawals, and rider elections.

Cap-rate floor

0.25%

Minimum guaranteed cap for cap-based indexed strategies.

Fixed account guarantee

0.25%

Guaranteed minimum interest rate for the fixed account.

Participation-rate floor

5.00%

Minimum guaranteed participation rate for participation-rate indexed strategies.

Annuitization options

Single and joint

Contract conversion options should be confirmed before purchase.

Fund types

Non-qualified, Qualified

Availability can vary by state and product terms.

Surrender schedule

Yr 1

9%

Yr 2

8.5%

Yr 3

7.5%

Yr 4

6.5%

Yr 5

5.5%

Yr 6

4.5%

Yr 7

3.5%

Yr 8

3%

After

0%

Nursing home waiver, Surrender waivers

Documents

rider disclosure

32715Z-20-1.pdf

Confidence: highReviewed Apr 9, 2026

Direct link not published — request the document from the carrier.

Carrier Ratings

AM BestA+
S&PA+
S&PA+

Contract notes from product data

Crediting design

How the interest-crediting choices are framed

Performance Choice 8 currently shows 17 indexed or fixed crediting options, including S&P 500 Index, with 12 volatility-controlled index options grouped separately. These choices matter because caps, participation rates, fixed accounts, spreads, renewal terms, and fee-bearing rider variants are different mechanics and should not be ranked as one simple rate list.

  • S&P 500 Index: 2.95% monthly cap
  • S&P 500 Index: 8.9% annual cap
  • S&P 500 Index: 35% annual participation rate
  • S&P 500 Index: 50% 2-year participation rate

Liquidity terms

Why access rules deserve as much attention as rates

A fixed indexed annuity can preserve more control than an income-only contract, but access is still governed by the surrender schedule, free-withdrawal terms, and waiver language. Those details are where many product comparisons become more meaningful than a simple rate list.

  • 10%/yr free withdrawal
  • 8 surrender years
  • Nursing home waiver

Verification note

Use carrier materials as term evidence, then confirm the current version

Carrier materials such as 32715Z-20-1.pdf help explain the contract language behind the data on this page; the latest document activity we see is Apr 24, 2026. For the current brochure, rate sheet, or specimen contract, confirm the state-specific version with the carrier or a licensed financial professional.

  • Rates and rider terms can vary by state and issue age
  • Carrier guarantees depend on claims-paying ability
  • Current contract forms should be confirmed before purchase

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See how Performance Choice 8 compares for your age, state, premium, and income goals alongside other North American Company fixed indexed annuity options.

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