Retirement should be a time to take a well-deserved breath and enjoy the fruits of what’s taken a lifetime of work to create. But for many, it can be an uncertain time filled with risks. Most solutions only help protect against a single risk in retirement, but with North American Secure HorizonSM Plus, it offers protection against four of the most common risks in retirement.
1 Although fixed index annuities guarantee no loss of premium due to market downturns, deductions from your accumulation value for strategy charges and rider charges could exceed interest credited to the accumulation value, which would result in an overall reduction of premium.
2 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.
3 For more information regarding the Benefit Base, please refer to the key terms and definitions in the Secure Horizon Plus Brochure.
4 The PlanGap® Benefit is known as the Income Gap Benefit in the contract. PlanGap® is a registered trademark of PlanGap, LLC and is used pursuant to a license. The PlanGap® Benefit is a triggered benefit if your Social Security benefits are reduced greater than 3% due to a government mandated action. Non-government mandated changes such as wage garnishments, changes in marital status, or death of a spouse will not result in a qualifying claim. In addition, an increase in Medicare Part B premiums or increases in an individual’s personal tax rates will not result in a qualifying claim.
Neither North American Company for Life and Health Insurance® nor any of its affiliates are affiliated with PlanGap® or the Social Security Administration. North American’s product(s) are not sponsored, endorsed, sold or promoted by the Social Security Administration, and they make no representation regarding the advisability of purchasing of the product(s).
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 or strategy fees associated with allocations to enhanced crediting methods could exceed interest credited to the accumulation value, which would result in loss of premium. They may not be appropriate for all clients. Interest credits to a fixed index annuity will not mirror the actual performance of the relevant index.
The term financial professional is not intended to imply engagement in an advisory business in which compensation is not related to sales. Financial professionals that are insurance licensed will be paid a commission on the sale of an insurance product.
North American Secure HorizonSM and North American Secure HorizonSM Plus are issued on base contract form NA1015A/ICC21-NA1015A or appropriate state variation including all applicable endorsements and riders by North American Company for Life and Health Insurance, West Des Moines, IA. These products, its features and riders may not be available in all states.
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.