Optimizing your retirement benefits through your benefit base Since your LPAs are calculated from your benefit base it is important to understand what the benefit base is and its two key features – benefit base increases and the benefit base floor. Your personalized lifetime payment amounts (LPAs) are based on your benefit base, age at issue, years of deferral until you elect to begin payments and election of single or joint LPAs. Once you have elected your LPA, it cannot increase but could potentially decrease due to partial surrenders that exceed your LPA. LPAs can begin at age 50. Provided you are at least age 50 at issue, LPAs are available in the first contract year. NAC BenefitSolutions 10 provides lifetime payments that can help assure a retirement where you have: • Guaranteed lifetime payment amounts, with growth potential • Guarantees and surety that your lifetime payments will last throughout retirement 1 Lifetime payments
lls Civic Parkway es Moines, IA 50266 mericanCompany.com teed benefits statement
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Benefit base 1 The benefit base is the amount used to calculate rider benefits under the terms of the contract. The benefit base is not part of your annuity’s accumulation value and cannot be taken as a surrender. At issue, the benefit base equals the benefit base floor and may grow based upon any benefit base increases. Your personalized lifetime payment amounts (LPAs) are based on your benefit base, age at issue, years of deferral until you elect to begin payments and election of single or joint LPAs. The benefit base is less any proportional adjustments for partial surrenders, plus benefit base increases, and never less than the benefit base floor adjusted for partial surrenders. August 9, 2022
Benefit base increase On each contract anniversary during the first 20 contract years, a benefit base increase, equal to 100% of the weighted average percentage change in the fixed and indexed accounts during the preceding contract year, may be added to the benefit base. Please refer to the “Benefit base increase” flyer for more information on this feature.
e:
Contract Number:
12
Covered Persons Ages:
1. Your benefit base will be reduced for any withdrawals taken either before or after lifetime payment amounts begin. If you take a withdrawal, including LPAs, your benefit base will be reduced by the same percentage withdrawn from your accumulation value. Your benefit base is not reduced by withdrawals for benefits rider costs. Sixty Five Male Sixty Five Female $100,000.00 IA
Issue Date:
Augus
8300 Mills Civic Parkway West Des Moines, IA 50266 NorthAmericanCompany.com 8300 Mills Civic Parkway West Des Moines, IA 50266 NorthAmericanCompany.com
Annuity
Annuity
Your guaranteed benefits statement Your guaranteed benefits statement
NAC BenefitSolutions ® 10 fixed index annuity Benefit Statement Date: August 9, 2022 NAC BenefitSolutions ® 10 fixed index annuity Lifetime Payment
Rider D
Joint Covered Person Age on Anniversary Date
rson Date
Covered Persons: Issue State: Lifetime Payment Amount Initial Premium: $4,724 Issue State: Deferral Year Anniversary Date (Date Benefits Available) At Issue 1/1/15 $4,878 1/1/16 1/1/17 1 2 Initial Premium:
August 9, 2022 Sixty Five Male Sixty Five Female Nursing Home Multiplier Payment Amount** Contract Number: $100,000.00 Covered Persons Ages: Issue Date: Contract Number:
123456789
Your lifetime payment snapshot Benefit Base* 65 $125,000
123456789 Benefit Base* 65 65
Covered Persons:
Benefit Statement Date:
August 9, 2022
Covered Persons Ages:
Sixty Five Male Sixty Five Female IA
65 65
Lifetime Payment $4,724 $9,756 Issue Date: Lifetime Payment $9,448 Lifetime Payment Amount
Rider Death Benefit
REV 8-23 $30,000 $35,000 $35,000 $35,000 $150,000 $150,000 $30,000 $30,000 $125,000 $30,000 $35,000 $35,000 $35,000 $35,000 $35,000 $35,000 $125,000 Death Benefit Annual Payment (5 Equal Payments) $25,000 $25,000 $25,000 $125,000 N/A $25,000 $125,000 Death Benefit Annual Payment (5 Equal Payments) $125,000 $25,000 $30,000 $30,000 $30,000 $35,000 $35,000
$100,000.00
August 9, 2022
Joint Covered Person Age on Anniversary Date
Covered Person Age on Anniversary Date
IA
Nursing Home Multiplier Payment Amount**
Benefit Base*
Benefit Base*
66 67 68 69 70 71
$125,000 $125,000 $125,000 $125,000 $150,000 $150,000
Rider Death Benefit N/A
65
65
$125,000 $125,000
$9,448 $9,756
$125,000 $125,000
Anniversary Date (Date Benefits Available)
Joint Covered Person Age on Anniversary Date 66 67 68
Covered Person Age on Anniversary Date 66 67
Lifetime Payment Amount $4,724 $4,878 $5,008
Deferral Year
Nursing Home Multiplier Payment Amount** $10,016 $10,282
Benefit Base* $125,000 $125,000 $125,000 $125,000
Benefit Base* $125,000 $125,000
8 $6,563 1/1/21 1/1/22 $5,278 1/1/23 1/1/24 1/1/25 1/1/26 1/1/27 $6,737 3 4 $5,008 1/1/18 1/1/19 $5,141 1/1/19 1/1/20 8 9 1/1/23 1/1/24 1/1/25 1/1/26 1/1/27 1/1/28 1/1/29 1/1/30 1/1/31 1/1/32 10 11 12 13 14 15 16 17
$5,278 $6,563 $8,372 $7,100 $7,289 $6,737 $6,916 $8,456 $10,555 $8,414 $8,498 $13,126 $7,100 $7,289 $8,626 $8,372 $8,414 $8,886 $8,456 $9,020 $13,475 $5,141 $5,278 $10,016 $10,282 $8,755
68 69
69
$9,448 $10,555
$125,000
At Issue 1/1/15
65
65
$125,000
This hypothetical example is provided only to show a representation of the guaranteed benefits statement. Not intended to predict future results. 1 1/1/16 66 66 $125,000 $4,878 $9,756 $125,000 $25,000 2 1/1/17 67 67 $125,000 $5,008 $10,016 $125,000 $25,000 3 1/1/18 68 68 $125,000 $5,141 $10,282 $125,000 $25,000 5 1/1/20 70 70 $150,000 $6,563 $13,126 $150,000 $30,000 6 1/1/21 71 71 $150,000 $6,737 $13,475 $150,000 $30,000 7 1/1/22 72 72 $150,000 $6,916 $13,833 $150,000 $30,000
73 74 75 76 77 78 79 80 81 82
73 74 75 76 77 78 79 80 81 82
$125,000 $150,000 $175,000 $150,000 $150,000 $175,000 $150,000 $150,000 $175,000 $175,000 $175,000 $175,000 $175,000 $175,000 $150,000 $150,000 $175,000 $175,000 $175,000
$10,555 $13,126 $16,744 $13,475 $13,833 $16,912 $14,201 $14,578 $17,251 $16,744 $16,827 $17,772 $16,912 $18,039 $14,201 $14,578 $16,827 $16,996 $17,510
$150,000 $150,000 $175,000 $175,000 $175,000 $175,000 $175,000 $175,000 $175,000 $175,000
4 5 6 7 8 9
69 70 71 72 73 74 75 76 77
69 70 71 72 73 74 75 76 77
$125,000 $150,000 $150,000 $150,000 $150,000 $150,000 $175,000 $175,000 $175,000
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10 11 12
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