North American Charter 14 Annuity Review

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The North American Charter 14 annuity is a Fixed Indexed annuity designed for growth (not for income withdrawals). North American also offers a 10 year version of this annuity.

Charter Highlights:


Frequently Asked Questions About the Charter 14 Annuity:

Q: What is the minimum premium I need to pay?
A: $10,000

Q: Am I paid a bonus on my initial premium at sign-up?
A: Yes, a 8% bonus is paid on all premiums paid during the first seven years of the contract.

Q: Can I pay additional premium later on?
A: Yes, at a minimum of $50 each time.

Q: Are there any age restrictions?
A: Yes. You can purchase this annuity up to age 75. In some states the age requirements may differ.

Q: In which states is the Charter 14 annuity available?
A: The Charter 14 annuity is not available in all states. Call 800-872-6684 to find out if it's available in your state.

Q: Does this annuity have an income rider (for withdrawing income)?
A: Yes. An income rider can be included with your contract for an additional fee.
Click here to read the North American Income Pay Rider brochure.

Q: For how long are surrender charges in effect?
A: 14 Years

Q: Does the Charter 14 annuity permit any withdrawals without penalties?
A: Yes, 10% after the first contract year.

Q: What benchmark indices do the Charter 14 offer?
A: Dow Jones Industrial Average, Nasdaq-100, Standard & Poor’s 500 Index, Dow Jones EuroSTOXX 50, Russell 2000 Index, Standard & Poor’s MidCap 400 Index, Hindsight Index Strategy, (combination of S&P 500, DJ EuroSTOXX50 and Russell 2000).

Q: What are the index account options?
A: Monthly Point-to-Point, Annual Daily Average, and Annual Point-to-Point.

Q: What is the Method for Crediting Interest or Gains?
A: Cap rates.

To review the Charter 14 annuity with an agent or to receive a free personalized illustration call 800-872-6684 or fill in the "Get My Free Quote" form in the upper right section of this page. You can also post your questions in the "Add a comment..." section below.

Read more about North American Company for Life and Health Insurance's Annuities

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