Charter Plus Changes; Get Training and Materials Now
Effective Jan. 23
Enhancements to the North American Charter® Plus 10 and 14 fixed index annuities and current rates decrease.
Get required training and materials now.
IMPORTANT: New training is required in all states
Up to 25% total immediate premium bonus1 Optional enhanced bonus rider (EBR)2 + Barclays Transitions Indices.
Get the bonus breakdown here
- NEW optional enhanced bonus rider (EBR) allows for an additional premium bonus percentage on top of the base premium bonus on any premiums received in the first three contract years (for a charge)2,3
- NEW exclusive Barclays Transitions 6% VC Index™ and Barclays Transitions 12% VC Index™ strategies to help manage risk during changing marketing conditions on the following crediting methods:
- Annual Point-to-Point with Participation rate
- Two-year Point-to-Point with Participation rate
Take required training and get updated materials now.
Get training now
Since the new EBR is a new feature for the North American Charter Plus, new training is required. Visit RegEd to take the required product training
(Code 24SFGNAC_01)
Get materials now
North American Charter Plus 10:
Brochure, Disclosure
North American Charter Plus 14:
Brochure, Disclosure
Quick reference guide | Allocation form | State availability
Attention California producers:
The optional EBR and Barclays Transitions Indices are not yet available in California.
Get the California-specific updates here
Attention Indiana and Maryland producers:
Effective Jan. 23, the 14-year North American Charter Plus is no longer available in Indiana and Maryland.
NEW BUSINESS GUIDELINES
Product feature change above apply to applications received in the home office or submitted through e-Biz on or after Jan. 23. No funding deadline applies.
Credited interest rate changes apply to applications received in the home office or submitted through e-Biz on or after Jan 23. A rate lock window of 45 days will apply.
Features and rates are subject to change at any time.
FOR FINANCIAL PROFESSIONAL USE ONLY. NOT TO BE USED FOR CONSUMER SOLICITATION PURPOSES.
Sammons Financial® is the marketing name for Sammons® Financial Group, Inc.’s member companies, including North American Company for Life and Health Insurance®. Annuities and life insurance are issued by, and product guarantees are solely the responsibility of, North American Company for Life and Health Insurance.
Insurance products issued by North American Company for Life and Health Insurance®, West Des Moines, Iowa. Product and features/options may not be available in all states or appropriate for all clients. See product materials and state availability chart for further details, specific features/options, and limitations by product and state.
Product availability may vary by state or broker dealer
- Premium bonus and Enhanced premium bonus may vary by annuity product, premium band and surrender charge period selected and may be subject to a premium bonus and enhanced premium bonus recapture. 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 and enhanced premium bonus may be offset by the lower credited interest rates, lower index cap rates, lower participation rates and/or greater index margins.
2. EBR is not available in all states. EBR can only be elected at product issue. Rider charge is 0.95% of accumulation value at each contract anniversary during the surrender charge period. This rider charge is considered a penalty-free withdrawal, and does not reduce the penalty-free withdrawal available to you. The rider charge, under certain scenarios, may result in loss of premium.
3. May be subject to premium bonus recapture
Neither Barclays Bank PLC (“BB PLC”) nor any of its affiliates (collectively, “Barclays”) is the issuer or producer of fixed index annuities and Barclays has no responsibilities, obligations or duties to policyholders in fixed index annuities. The Barclays Transitions 12 VC IndexTM and the Barclays Transitions 6 VC IndexTM (the “Indexes”), together with any Barclays indices that are components of the Index is licensed for use by North American Company for Life and Health Insurance (“NACOLAH”) as the issuer or producer of fixed index annuities (the “Issuer”).
Barclays’ only relationship with the Issuer in respect of the Index is the licensing of the Index, which is administered, compiled and published by BB PLC in its role as the index sponsor (the “Index Sponsor ”) without regard to the Issuer or the fixed index annuities or policyholders in the fixed index annuities. Additionally, the Issuer may for itself execute transaction(s) with Barclays in or relating to the Index in connection with fixed index annuities. Policyholders acquire fixed index annuities from the Issuer and policyholders neither acquire any interest in the Index nor enter into any relationship of any kind whatsoever with Barclays upon making a purchase in fixed index annuities. Fixed index annuities are not sponsored, endorsed, sold or promoted by Barclays and Barclays makes no representation regarding the advisability of the fixed index annuities or use of the Index or any data included therein. Barclays shall not be liable in any way to the Issuer, policyholders or to other third parties in respect of the use or accuracy of the Index or any data included therein.