What sets Performance Choice Series apart?
Performance Choice 8 is a deferred, flexible-premium, fixed index annuity. The value will grow at a rate based on the fixed or index account (or index accounts) chosen. Index accounts are tied to market performance, but they are not an actual investment in the stock market. In other words, your clients will get credit for some of the market’s growth in up times. In down times, when the market sees zero gains or actually loses value, their premium will never be at risk of decreasing due to those losses.
Key benefits of Performance Choice Series:
- Choose a strategy that suits – Performance Choice offers a wide selection of index strategies, allowing you to find a comfortable fit, no matter your clients personal financial approach is.
- Lock in interest credits each contract anniversary – One advantage of fixed index annuities is an annual reset feature, which applies to this annuity no matter which crediting method is chosen. With the annual reset, any interest credits are added, or credited, to your client’s accumulation value on each contract anniversary. Once credited, they are locked in. That means they can’t be taken away due to negative index performance. At that point, they are included in your client’s accumulation value, giving them the advantage of compounding interest in subsequent years. Also, by resetting their starting index value at the same time, this feature can help minimize risk if the index experiences a severe downturn. Without it, they would have to wait for the index value to climb up to its original level before any interest credit could be realized.
- Tax deferral improves growth potential – Your client’s money grows on a tax-deferred basis, meaning more of it is working for them. *
- Provide a lasting legacy – Your client’s beneficiaries will get the remaining accumulation value of their annuity as a death benefit – either in an immediate lump sum or in installments. And, because annuities may avoid the costs and delays of probate, they may not have to wait. **
Contact your CreativeOne sales team today to learn how to incorporate this product into your next clients portfolio! 800.992.2642
* 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. Please note that neither North American, nor any
agents acting on its behalf, should be viewed as providing
legal, tax or investment advice. Consult with and rely on
your own qualified advisor.
**Please consult with and rely on your own legal or tax advisor.
This brochure is for solicitation purposes only. Please refer to your contract for any other specific information. With every contract that North American issues there is
a free-look period. This gives you the right to review your entire contract and if you are not satisfied, return it and have your premium returned.
The Performance Choice® 8 is issued on formLC/LS160A/ICC16-NA1007A.MVA/NA1007A (certificate/contract), AE520A/ICC17-AE598A, AE596A/ICC15-AE577A,
AE556A/ICC15-AE581A, LR424A-1/ICC15-AE583A, LR431A/ICC15-AE584A, LR432A/ICC15-AE586A/AE586A, LR433A/ICC15-AE587A, AE594A/ICC16-AE594A,
LR426A/ICC15-AE579B and LR428A (riders/endorsements) or appropriate state variation 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.
Premium taxes: Accumulation value and surrender value will be reduced for premium taxes as required by the state of residence.
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. Although fixed index annuities guarantee no loss of premium due to market downturns, deductions from your accumulation value for
additional optional benefit riders could under certain scenarios exceed interest credited to the accumulation value, which would result in loss of premium. They
may not be appropriate for all clients.
Withdrawals taken prior to age 59 1/2 may be subject to IRS penalties.
The EURO STOXX 50® is the intellectual property (including registered trademarks) of STOXX Limited, Zurich, Switzerland and/or its licensors (“Licensors”), which is
used under license. The Index Accounts in this Product based on the Index are in no way sponsored, endorsed, sold, or promoted by STOXX and its Licensors and
neither of the Licensors shall have any liability with respect thereto.
The “S&P 500®”, “S&P Multi-Asset Risk Control 5% Excess Return Index”, “S&P 500® Low Volatility Daily Risk Control 5% Index”, “S&P MidCap 400®”, and “DJIA®”
Indices (“Indices”) are products of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”) and have been licensed for use by North American Company for Life and
Health Insurance® (“the Company”). Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”) and Dow Jones®
is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). The trademarks have been licensed to SPDJI and have been sublicensed for use
for certain purposes by the Company. The Performance Choice 8 (“Product”) is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, any of their
respective affiliates (collectively, “S&P Dow Jones Indices”). S&P Dow Jones Indices does not make any representation or warranty, express or implied, to the owners
of the Performance Choice 8 or any member of the public regarding the advisability of investing in securities generally or in this Product particularly or the ability
of these Indices to track general market performance. S&P Dow Jones Indices only relationship to North American with respect to these Indices is the licensing of
the Index and certain trademarks, service marks and/or trade names of S&P Dow Jones Indices and/or its licensors. The Indices are determined, composed and
calculated by S&P Dow Jones Indices without regard to North American or the Product. S&P Dow Jones Indices has no obligation to take the needs of the Company
or the owners of this Product into consideration in determining, composing or calculating these Indices. S&P Dow Jones Indices is not responsible for and have not
participated in the determination of the prices, and amount of the Performance Choice 8 or the timing of the issuance or sale of this Product or in the determination
or calculation of the equation by which the Product is to be converted into cash, surrendered or redeemed, as the case may be. S&P Dow Jones Indices has no
obligation or liability in connection with the administration, marketing or trading of the Product. There is no assurance that investment products based on these
Indices will accurately track index performance or provide positive investment returns. S&P Dow Jones Indices LLC is not an investment advisor. Inclusion of a
security within an index is not a recommendation by S&P Dow Jones Indices to buy, sell, or hold such security, nor is it considered to be investment advice.
S&P DOW JONES INDICES DOES NOT GUARANTEE THE ADEQUACY, ACCURACY, TIMELINESS AND/OR THE COMPLETENESS OF THESE INDICES OR ANY DATA RELATED
THERETO OR ANY COMMUNICATION, INCLUDING BUT NOT LIMITED TO, ORAL OR WRITTEN COMMUNICATION (INCLUDING ELECTRONIC COMMUNICATIONS) WITH
RESPECT THERETO. S&P DOW JONES INDICES SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY FOR ANY ERRORS, OMISSIONS, OR DELAYS THEREIN.
S&P DOW JONES INDICES MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES, OF MERCHANTABILITY OR FITNESS FOR
A PARTICULAR PURPOSE OR USE OR AS TO RESULTS TO BE OBTAINED BY NORTH AMERICAN OWNERS OF THE Performance Choice 8, OR ANY OTHER PERSON
OR ENTITY FROM THE USE OF THE INDICES OR WITH RESPECT TO ANY DATA RELATED THERETO. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT
WHATSOEVER SHALL S&P DOW JONES INDICES BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE OR CONSEQUENTIAL DAMAGES INCLUDING BUT NOT
LIMITED TO, LOSS OF PROFITS, TRADING LOSSES, LOST TIME OR GOODWILL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, WHETHER
IN CONTRACT, TORT, STRICT LIABILITY, OR OTHERWISE. THERE ARE NO THIRD PARTY BENEFICIARIES OF ANY AGREEMENTS OR AGREEMENTS BETWEEN S&P DOW
JONES INDICES AND THE COMPANY, OTHER THAN THE LICENSORS OF S&P DOW JONES INDICES.
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The Nasdaq-100®, Nasdaq-100® Index and Nasdaq® are trademarks of the Nasdaq Stock Market Inc. (which with its affiliates are the “Corporations”) and are licensed for
use by North American. The Product(s) have not been passed on by the Corporations as to their legality or suitability. The North American Performance Choice 8 is not issued,
endorsed, sold or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE Performance Choice 8.
Frank Russell Company (“Russell”) is the source and owner of the trademarks, service marks and copyrights related to the Russell Indexes. Russell® is a trademark
of Frank Russell Company. Neither Russell nor its licensor accept any liability for any errors or omissions in the Russell Indexes and/or ratings or underlying data and
no party may rely on any Russell Indexes and/or Russell ratings and/or underlying data contained in this communication. No further distribution of Russell Data is
permitted without Russell’s express written consent. Russell does not promote, sponsor or endorse the content of this communication.
The Hang Seng Index is published and compiled by Hang Seng Indexes Company Limited pursuant to a licence from Hang Seng Data Services Limited. The mark(s)
and name(s) Hang Seng are proprietary to Hang Seng Data Services Limited. Hang Seng Indexes Company Limited and Hang Seng Data Services Limited have
agreed to the use of, and reference to, the Index by North American in connection with the Performance Choice 8 (the “Product”), BUT NEITHER HANG SENG
INDEXES COMPANY LIMITED NOR HANG SENG DATA SERVICES LIMITED WARRANTS OR REPRESENTS OR GUARANTEES TO ANY BROKER OR HOLDER OF THE
PRODUCT OR ANY OTHER PERSON (i) THE ACCURACY OR COMPLETENESS OF ANY OF THE INDEX(ES) AND ITS COMPUTATION OR ANY INFORMATION RELATED
THERETO; OR (ii) THE FITNESS OR SUITABILITY FOR ANY PURPOSE OF ANY OF THE INDEX(ES) OR ANY COMPONENT OR DATA COMPRISED IN IT; OR (iii) THE
RESULTS WHICH MAY BE OBTAINED BY ANY PERSON FROM THE USE OF ANY OF THE INDEX(ES) OR ANY COMPONENT OR DATA COMPRISED IN IT FOR ANY
PURPOSE, AND NO WARRANTY OR REPRESENTATION OR GUARANTEE OF ANY KIND WHATSOEVER RELATING TO ANY OF THE INDEX(ES) IS GIVEN OR MAY
BE IMPLIED. The process and basis of computation and compilation of any of the Index(es) and any of the related formula or formulae, constituent stocks and
factors may at any time be changed or altered by Hang Seng Indexes Company Limited without notice. TO THE EXTENT PERMITTED BY APPLICABLE LAW, NO
RESPONSIBILITY OR LIABILITY IS ACCEPTED BY HANG SENG INDEXES COMPANY LIMITED OR HANG SENG DATA SERVICES LIMITED (i) IN RESPECT OF THE USE
OF AND/OR REFERENCE TO ANY OF THE INDEX(ES) BY NORTH AMERICAN IN CONNECTION WITH THE PRODUCT; OR (ii) FOR ANY INACCURACIES, OMISSIONS,
MISTAKES OR ERRORS OF HANG SENG INDEXES COMPANY LIMITED IN THE COMPUTATION OF ANY OF THE INDEX(ES); OR (iii) FOR ANY INACCURACIES,
OMISSIONS, MISTAKES, ERRORS OR INCOMPLETENESS OF ANY INFORMATION USED IN CONNECTION WITH THE COMPUTATION OF ANY OF THE INDEX(ES) WHICH
IS SUPPLIED BY ANY OTHER PERSON; OR (iv) FOR ANY ECONOMIC OR OTHER LOSS WHICH MAY BE DIRECTLY OR INDIRECTLY SUSTAINED BY ANY BROKER OR
HOLDER OF THE PRODUCT OR ANY OTHER PERSON DEALING WITH THE PRODUCT AS A RESULT OF ANY OF THE AFORESAID, AND NO CLAIMS, ACTIONS OR
LEGAL PROCEEDINGS MAY BE BROUGHT AGAINST HANG SENG INDEXES COMPANY LIMITED AND/OR HANG SENG DATA SERVICES LIMITED in connection with
the Product in any manner whatsoever by any broker, holder or other person dealing with the Product. Any broker, holder or other person dealing with the Product
does so therefore in full knowledge of this disclaimer and can place no reliance whatsoever on Hang Seng Indexes Company Limited and Hang Seng Data Services
Limited. For the avoidance of doubt, this disclaimer does not create any contractual or quasi-contractual relationship between any broker, holder or other person and
Hang Seng Indexes Company Limited and/or Hang Seng Data Services Limited and must not be construed to have created such relationship.