The new Annual Point to Point interest crediting method with index margin and no traditional cap features the S&P 500® Low Volatility Daily Risk Control 5% Index is available on the NAC RetireChoice® 10 and 14 and the NAC IncomeChoiceSM 10. Click the following links for...
Client-approved flyer describing this proven index
Updated rate sheet for the new margins
State availability on the new Index and Crediting Method
UPDATED ALLOCATION FORM REQUIRED for the NAC RetireChoice and NAC IncomeChoice.
PLEASE NOTE - TRAINING REQUIRED:
All producers must take required product training prior to solicitation of the new Crediting Method and Index. Training can be found online at www.NorthAmericanCompany.com by visiting My Annuities and the Agent Certification link under the Training Center section. Again, training must be completed prior to electing the new Crediting Method and Index. If the training is not completed, new paperwork may be required prior to issue.
Enhancements to NAC IncomeChoice 10
- NEW 1.00% Commission Special!1
1.00% commission increase is available on the NAC IncomeChoice 10.
- NEW Interest Rates Increase!
CLICK HERE for the new interest rate sheet.
- GLWB Stacking Roll-Up Credit Change
The GLWB Stacking Roll-Up Credit changes from 5% to 4%.
- NAC IncomeChoice 14 Discontinued
New sales of the NAC IncomeChoice 14 have been discontinued as of September 30, 2014.
NA has refined the Suitability Form layout and moved the Verification of Identity section to the Application. The Application has also been updated to include an expanded beneficiary section. Recent regulatory updates require them to request complete information for each beneficiary.
Please begin using the new Application and Suitability Form as soon as possible; the new forms will be required for all business received on or after November 27, 2014. The new forms are available now via the NA website or normal supply order process. CLICK HERE for the forms chart which includes any state-specific rules.
NOTE: Old versions will be accepted prior to November 27, 2014; however, please do not mix an old application with a new suitability form, nor a new application with an old suitability form.