North American Charter Plus 10
Product ID: 219
Type:
Equity Indexed Annuity
0%
AM Best:
S&P:
10 Years / 8.00%
Yes
Add to Compare
Add to Compare
Add to Favorites
Add to Favorites
Set as My Product
Set as My Product
Enrollment and Questions
Use the following contact information to enroll or ask questions.
E-mail:
Address:
Website:
Phone:
E-mail:
Address:
8300 Mills Civic Parkway
West Des Moines, IA 50266
West Des Moines, IA 50266
In-person:
Questions about enrollment?
View the Contact Information tab on the Vendor Details page for a list of office locations.
View the Contact Information tab on the Vendor Details page for a list of office locations.
- Product Details
- Fees and Charges
A fixed index annuity that offers you the ability to apply all or a portion of your premium among an Indexed Account or a Fixed Account
Select the topics below to expand and view additional product details
Loans on TSA contract only providing plan sponsor allows. Maximum loan amount cannot exceed $50,000 or 1/2 of the surrender value.
Riders are amendments to the annuity contract that typically add to your costs. make sure you inquire about any additional costs. The following riders exist for this product:
Enhanced Benefit Rider:
The Charter Plus 10 includes an enhanced benefit rider, which increases the available premium bonus by 9% to 16%, or if the initial premium is $75,000 or greater, to 19%. An amount equal to 0.95% of the accumulation value will be deducted on each contract anniversary during the surrender charge period for the Enhanced Benefit Rider.
The Charter Plus 10 includes an enhanced benefit rider, which increases the available premium bonus by 9% to 16%, or if the initial premium is $75,000 or greater, to 19%. An amount equal to 0.95% of the accumulation value will be deducted on each contract anniversary during the surrender charge period for the Enhanced Benefit Rider.
Income payable for your lifetime and the lifetime of your spouse. After your death or the death of your spouse, payment continues to the surviving spouse for his/her life.
Payments will be made only during your lifetime. After your death, no further payments will be made. No payments will be made to an estate or any other person.
Income payable for your lifetime with a guaranteed payment period ranging from 5 - 20 years. If you die before the end of the period, payments continue to a named beneficiary until the end of the period. The period certain option cannot be set-up past age 100 for the owner or the annuitant.
If your Annuity Contract is still active on its maturity date, you are required to elect a payout option or take the accumulation value, of your Annuity Contract as a lump sum. Payments are subject to any applicable state premium tax.
Additional Bonus Credit
This product requires a $20k minimum initial premium. A 16% premium bonus will be credited for premiums received during the first three contract years. If the initial premium is $75K or higher, the premium bonus will be 19%. During the surrender charge period, withdrawals in excess of the penalty-free amount or a full surrender will incur a premium bonus recapture. This recapture applies to all premium bonus credits and is set at issue. The recapture percentage declines each year as outlined. Year 1 -75%, Year 2 - 75%, Year 3 - 65%, Year 4 - 55%, Year 5 - 45%, Year 6 - 35%, Year 7 - 25%, Year 8 - 15%, Year 9 - 5%, Year 10 - 0%.
Point-to-Point
Annual Reset
Annual Reset
S & P 500
Other indices available. Consult your agent for more information.
Other indices available. Consult your agent for more information.
The Annual and 2-Year Point-to-Point (PTP) interest credit is determined by the change in the index value between the 1st and last days of the crediting period, subject to a Cap or Participation Rate. Monthly PTP credits interest at the end of the contract year, determined by the sum of the positive and negative changes, after applying a monthly cap, in the index over each month of the crediting period.
Enhanced participation rate: an amount equal to 0.95% (Annual) or 1.90% (2-year) of the accumulation value allocated to the strategy will be deducted at the end of the crediting period.
Caps and participation rates are declared at the beginning of each crediting period and apply to that crediting period. Different caps and participation rates may be declared for each crediting period during the life of the contract. Consult your agent for current caps and participation rates.
Different participation rates may be declared for each crediting period during the contract.
All 403(b) products contain fees. The amount of fees varies greatly depending on the product. A slight increase in fees can
substantially reduce the growth in your account which will reduce your income in retirement. To learn more about the impact
of fees, and the different types of fees please refer to the
Explanation of Fees piece located in the
Help & Resources.
Surrender Charges
| Surrender Period* | Surrender Percentage |
|---|---|
| 1 | 8.00% |
| 2 | 7.45% |
| 3 | 6.50% |
| 4 | 5.50% |
| 5 | 4.55% |
| 6 | 3.55% |
| 7 | 2.55% |
| 8 | 1.50% |
| 9 | 0.50% |
| 10 | 0.44% |
*Expressed in contract years
Exceptions to the Surrender Charge:
Percent of contract value:
10.00%
Death:
Yes
