North American Company (NAC) announced several annuity product changes to enhance their competitive product line effective September 30, 2014.
NEW! Crediting Method with Volatility Control Index
NAC’s 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. It 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
- NEW ALLOCATION FORM REQUIRED: An updated allocation form is 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.North AmericanCompany.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.