Adding Goldman Sachs Equity TimeX Index to Our Popular Products Effective 08/29/23

NEW exclusive Goldman Sachs Equity TimeX Index added to the following fixed index annuities (FIAs):

Accumulation products impacted 
NAC VersaChoice^SM
Performance Choice^®
North American Charter^® Plus

Income products impacted 
Income Pay Pro^SM
NAC Benefit Solutions  

• NEW Goldman Sachs Equity TimeX Index (the “Index”) provides equity exposure while aiming to provide greater option cost stability through volatility control and excess return structure. The Index uses calendar based signals and price patterns to dynamically adjust exposure to equities at a targeted volatility level of 10%. The Index is subject to servicing and rebalancing costs and a deduction rate that accrues daily is applied 
• Added to our top fixed index annuities (FIAs) with Annual- and Two-Year Participation Rate crediting methods
• Removing the S&P 500® Low Volatility Daily Risk Control 5% and 8% Indexes

North American Charter Plus FIA enhancements
(TRAINING REQUIRED)

• Aligning indices and crediting methods with NAC VersaChoice and Performance Choice FIAs
• Up to 2% increase in premium bonuses¹ (see detail below)

Take a look at the changes in detail here 

NEW North American Charter Plus premium bonuses
10% (10-year high band, all states, was 8%)
7% (10-year low band, all states, was 5%)
12% (14-year high band, all states, was 10%)
8% (14-year Low band, all states, was 7%)

ATTENTION New training is required

Since Charter Plus producers have not been trained on strategy charges, new RegEd training is required. Visit RegEd and use the training code 23SFGNAC_03. 

Want to run an illustration now?
Just date the illustration Aug. 29 for an illustration with the updates. 

NEW BUSINESS GUIDELINES:
New rates will apply to applications received or submitted through Annuity e-Biz on or after Aug. 29.

1. Premium bonus on premium received in first 7 years. May be subject to premium bonus recapture. Premium bonus may vary by annuity product, premium band and surrender charge period selected and may be subject to a 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 may be offset by the lower credited interest rates, lower index cap rates, lower participation rates and/or greater index margins.