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Product Details
NA Income
Company social profile:
Product Name
NA Income
Annuity Type
SPIA
Issuing Insurance Company and Ratings
North American Company for Life and Health Insurance
Ratings
Product Information
You can enjoy freedom from money management concerns with North American Income. No matter how interest rates fluctuate or what happens in the stock market, your income will continue and be guaranteed never to decrease. You will never have to make another decision regarding the dollars you have placed in your North American Income annuity.
Key Features
Premium Types: Single
Minimum Premium: 25,000
Maximum Premium: 2,000,000
Free Look Period: 20 Days
Rate Lock Period: 0 Days
Tax-Qualified: N/A
Rates
Initial Guarantee Period: N/A
Next Change: N/A
Premium Amount: $100,000 - See Notes (High-Band)
3 Year Guarantee Period Annual Yield:
Interest rate start of year 1 through end of year 3:
Current
4.05%
4.05%
Accumulation Value (assuming no withdrawals)
Deposit Amount: $
Premium Amount: $100,000 - See Notes (Low-Band)
Flexible Premiums Not Accepted
Interest rate start of year 1 through end of year 3:
Current
4.05%
4.05%
Accumulation Value (assuming no withdrawals)
Deposit Amount: $
State Approvals
N/A
Withdrawal Provisions
First Year Withdrawals: No
Withdrawal Years 2+: No
Wait Period Interest Only : –
Withdraw from the accumulation Value After : End of Term
Minimum Policy Value : –
Withdrawl Calculated On: Accumulation
Date For Calculation: Contribution
Systematic Withdrawl: Yes
Min Withdrawl Amount: $100
Cumulative Free Withdrawl: No
Eligibility & Restrictions
Age Limits(Owner and Annuitant): Owner: 85, Annuitant: 85
Premium Limits: Flexible Premiums Not Accepted
State Restrictions: Not available in GU NY PR VI
