WEST DES MOINES, IA--(Marketwired - October 07, 2015) - North American Company for Life and Health Insurance® has introduced North American Charter Plus, a flexible premium, fixed index annuity that features an upfront premium bonus, as well as fixed and indexed crediting options.
“Multiple recessions coupled with uncertainty about Social Security and stock market volatility have created doubt about retirement readiness for many Americans,” said Ann Hughes, Chief Distribution Officer of North American’s Annuity Service Center. “The Charter Plus fixed index annuity provides policyholders with the opportunity to be financially prepared for retirement by jumpstarting their retirement savings with a premium bonus.”
Fixed index annuities are a popular retirement saving option, offering potential for their retirement assets while also offering protection from losses due to downside market fluctuations. Charter Plus offers six index crediting options, each performing differently in various market scenarios, as well as a fixed interest account, which allows policyholders the flexibility to design a strategy for their retirement dollars based on their changing needs and personal situation.
“The Charter Plus fixed index annuity is an excellent solution for those looking to supplement their retirement income,” said Hughes. “It allows a policyholder’s savings to grow faster through tax-deferral, because they earn interest on dollars that would otherwise be paid in interest.“
ABOUT NORTH AMERICAN COMPANY
North American Company for Life and Health Insurance is a member of Sammons® Financial Group, Inc. Since 1886, North American has established a tradition of providing quality insurance products to consumers throughout the U.S. We offer a comprehensive portfolio of term, universal life, and indexed universal life insurance products. North American also offers a wide variety of traditional fixed and fixed index annuities and consistently ranks among the top fixed index annuity carriers in the U.S. (Source: AnnuitySpecs, Quarterly Indexed Sales & Market Report). For more information, please visit www.northamericancompany.com.
Fixed Index Annuities are not a direct investment in the stock market. They are long-term insurance products with guarantees backed by the issuing company. They provide the potential for interest to be credited based in part on the performance of specific indices, without the risk of loss of premium due to market downturns or fluctuation. They may not be appropriate for all clients.
Premium bonus may vary by annuity product and surrender charge period. Products that have premium bonuses may offer lower credited interest rates, lower Index Cap Rates, lower Participation Rates and or greater Index Margins than products that don't offer a premium bonus. Over time and under certain scenarios the amount of the premium bonus may be offset by the lower credited interest rates, lower Index Cap Rates, lower Participation Rates and or greater Index Margins.
Under current law, annuities grow tax-deferred. An annuity is not required for tax-deferral in qualified plans. Annuities may be subject to taxation during the income or withdrawal phase.
The North American Charter℠ Plus is issued on form NC/NA1007A (certificate/contract), AE576A, AE577A, AE578A, AE580A.PB, AE581A, AE582A, AE583A, AE584A, AE585A, AE586A and AE587A (riders/endorsements) or appropriate state by North American Company for Life and Health Insurance®, West Des Moines, IA. This product, its features and riders may not be available in all states.
Before purchasing this product, buyers should be presented with complete product materials, which include describe issue ages, surrender charges, riders, and more.
PR01-10-15
Contact Information:
CONTACT:
JOHN MYERS
Associate Vice President
Corporate Communications
www.sammonsfinancialgroup.com