Competitive Enhancements To Top-Selling Benefitsolutions
NAC BenefitSolutions 10 fixed index annuity enhancements launch today
With over $1.4 billion in premium1 sold since launch, we’ve taken one of our top-selling products and made it even better.
NAC BenefitSolutions® 10 offers a fixed index annuity and benefit rider combination (for an annual cost2) providing a single benefit base and “three key” benefits – lifetime payments, nursing home multiplier, and enhanced death benefit2.
Competitive, enhanced features include:
- 25% Benefit base bonus on Day One3 with an enhanced benefit base floor 125%/150%/175% design
- Benefit rider features (for an annual cost)2:
- Lifetime income available immediately4 plus improved Lifetime Payment Amounts (LPAs)
- Nursing home multiplier
- Enhanced death benefit feature2
New index options from strong financial brands Morgan Stanley, Fidelity, and S&P
It’s easy to tell the NAC BenefitSolutions 10 story with the Guaranteed Benefits Statement. This simple one page sales tool showcases all the features of NAC BenefitSolutions 10 and is included with all illustrations and provided every contract anniversary until Lifetime Payments begin.
Don’t forget to take your new required product training through RegEd.
(Code 22SFGNAC_01)
FOR FINANCIAL PROFESSIONAL USE ONLY. NOT TO BE USED FOR CONSUMER SOLICITATION PURPOSES.
Sammons Financial® is the marketing name for Sammons® Financial Group, Inc.’s member companies, including North American Company for Life and Health Insurance®. Annuities and life insurance are issued by, and product guarantees are solely the responsibility of, North American Company for Life and Health Insurance.
Insurance products issued by North American Company for Life and Health Insurance®, West Des Moines, Iowa. Product and features/options may not be available in all states or appropriate for all clients. See product materials and state availability chart for further details, specific features/options, and limitations by product and state.
The NAC BenefitSolutions® 10 is issued on form NA1006A/ICC14-NA1006A (contract) or appropriate state variation. Product features, riders and index options may not be available in all states or appropriate for all clients.
1. Source: North American Company data 2015 – June 2022
2. The Benefit Rider includes a rider charge of 1.20% of Benefit Base, deducted as a partial surrender from the Accumulation Value. Alternative death benefit options are available. Lifetime income refers to guaranteed payment of Lifetime Payment Amounts (LPA’s) as defined in the Benefits Rider included in this contract. It does not refer to interest credited to the contract. Advise clients to consult with their own tax advisor regarding tax treatment of LPAs, which will vary according to individual circumstances. The Nursing Home Multiplier can be paid out for a maximum of five annual payments as long as the client continues to meet the requirements on each payment date. See the product brochure for further details and limitations. Rider death benefit includes option for 5 annual payments based on benefit base with 1-year waiting period (2-year in some states). Rider death benefit options vary by state. Additional death benefit and other features are explained in the product brochure and disclosure. For product materials, check for variations in your state.
3. This amount is only applied to the Benefit Base, which is a value used only for determining Lifetime Payment Amounts (LPA) and/or the rider death benefit features. Benefit Base is not the same as the Contract Accumulation Value and may not be used for partial withdrawals, full surrender or as the base contract death benefit.
4. Provided you are at least age 50 at issue, Lifetime Payment Amounts (LPAs) are available in the first contract year.