Rider Available in CA on Charter Plus 10

Attention California producers
Up to 19% total immediate premium bonus
(8.17% net bonus¹) on premiums of $75,000+

Effective Dec. 10, the North American Charter^® Plus 10 fixed index annuity will include an enhanced bonus rider (EBR) in California.

With the built-in EBR, get up to an additional 19% total immediate premium bonus (8.17% net bonus¹) on any premiums² received in the first three contract years. 

The North American Charter Plus 10 has a rider charge of 0.95% of accumulation value at each contract anniversary during the surrender charge period. (The EBR is not available on North American Charter Plus 14.)

Two additional updates take effect Dec. 10:

• The North American Charter Plus 14 issue age changes from 0-52 to 0-46
• The North American Charter Plus 10 premium bonus recapture schedule changes 

Review the updated California-specific materials now.
CA 10-year brochure with rider | CA 14-year brochure | CA 14-year premium bonus flyer
CA 10-year disclosure | CA 14-year disclosure
CA Quick reference guide | CA specific rate sheet (page 7) 

IMPORTANT training reminder

While the current training module covers the EBR, please fully review this email and its material links as it serves as updated training for the North American Charter Plus 10 in California. Producers are responsible for understanding all product features and ensuring the product aligns with the client’s financial objectives under the producer’s standard of care obligations.

If you have never taken the North American Charter Plus training, please visit RegEd to take the required product training (product code: 24SFGNAC_01). 

NEW BUSINESS GUIDELINES
Product feature changes above apply to applications received in the home office or submitted through e-Biz on or after Dec. 10. 

1. Net Bonus represents the total premium bonus adjusted for the rider charge during the surrender charge period. The net bonus is calculated as follows: Net Bonus = (1 + premium bonus percentage) x (1 – premium bonus rider charge percentage)^{Number of years in premium bonus rider charge period} – 1.
2. The premium bonus is credited to your accumulation value upon issue and is applied to the accumulation value when additional premiums are received during the first three years. 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. The enhanced premium bonus rider includes a premium bonus rider charge on each contract anniversary during the surrender charge period. Over time, the amount of the premium bonus will be offset by the premium bonus rider charges, lower credited interest rates, lower index cap rates, lower participation rates, and/or greater index margins. Any additional premium(s) are subject to a maximum additional premium requirement.