For Immediate Release: North American Introduces a New Fixed Index Annuity For Retirement Income
March 5, 2013 by Judy Thorpe
WEST DES MOINES, IA – MARCH 05, 2013 – North American Company for Life and Health Insurance® has introduced an innovative annuity product focused on retirement income. The NAC IncomeChoiceSM is the first fixed index annuity from North American that offers a stacking roll up feature to enhance the income opportunity. Along with the potential growth of stock-market linked index accounts, this new fixed index annuity has a built-in Guaranteed Lifetime Withdrawal Benefit (GLWB) feature which provides multiple growth opportunities through a combination of GLWB Bonus on premiums, a GLWB Stacking Roll-Up Credit, plus Interest Credits. This combination is designed to grow the GLWB Value over the years to maximize the lifetime income payments available to clients.
“Our main objective in designing this new product was to help prevent retirees from outliving their retirement income,” stated Lori Bochner, Vice President, Sales and Marketing Support. “Many of our clients have seen the impact of market fluctuation on the assets they were counting on and they are now wondering how to stretch those important retirement assets. The NAC IncomeChoice helps to provide a guaranteed income stream with enhanced income potential they can count on in their retirement years.”
While North American’s product line-up already includes an optional rider that can be added to fixed index annuities to provide lifetime income, this new product expands and strengthens the value for those clients where guaranteed income in retirement is the predominant need.
About North American
North American Company for Life and Health Insurance® is a leading provider of Fixed Index Annuities in the U.S. consistently ranking among the top 10 index annuity carriers in the U.S. (AnnuitySpecs, quarterly Indexed Sales & Market Report). North American is an affiliated company of Sammons Financial Group, Inc. (SFG) the parent of a group of companies affiliated under the insurance Holding Company Act, made up of several successful financial services companies offering a variety of financial and retirement products through multiple distribution channels. With production, product development, management and operations based in West Des Moines, Iowa, the company manufactures and distributes annuity and life insurance products through marketing organizations and independent agents in 49 states and the District of Columbia. For more information, contact Judy Thorpe at 515-327-5816, 4350 Westown Parkway, West Des Moines, IA 50266.
This product is issued by North American Company for Life and Health Insurance®, West Des Moines, IA. Product features and riders may not be available in all states. The NAC IncomeChoiceSM is issued on form NC/NA1004A (certificate/contract), LR431A, LR423A, LR424A-1, AE520A, AE529A, AE551A and LR433A (riders/endorsements) or appropriate state variation.
This is a brief summary of product features. Please contact the company for more information and complete product details and limitations.
Media Contact:
Judy Thorpe
jthorpe@sfgmembers.com
515-327-5816
4350 Westown Parkway
West Des Moines, IA 50266
www.NorthAmericanCompany.com
