The PrimePath Pro 10 annuity is a flexible premium, fixed index annuity that offers growth potential for your retirement assets while providing protection from market downturns, as well as flexible options for taking lifetime income. None of us know the path that life has in store for us. That’s why it’s comforting to know that PrimePath Pro 10 has key features to help you on your journey: Growth Fixed and index account options offer upside potential without downside market risk to the money you worked so hard to save throughout your career. Retirement income PrimePath Pro 10 provides multiple options for taking retirement income. So you’re in the driver’s seat in determining how and when you start receiving payments. Liquidity options If you need access to funds, PrimePath Pro 10 has different liquidity provisions that can help you when you need it most. Death benefit PrimePath Pro 10 has death benefit provisions so you may be able to leave something for your loved ones. Retire confidently
With PrimePath Pro 10 fixed index annuity, you can take advantage of the benefits a fixed annuity offers, such as: Tax deferral improves growth potential Your annuity’s value grows on a tax-deferred basis, meaning more of it is working for you. Tax-deferred growth means you don’t owe taxes until you access funds, allowing more time for growth potential. Work with your tax advisor to find out how this might work for you. Under current law, annuities grow tax deferred. An annuity is not required for tax deferral in qualified plans. Annuities may be subject to taxation during the income or withdrawal phase. Please note that neither North American nor any financial professionals acting on its behalf, should be viewed as providing legal, tax or investment advice. Consult with and rely on your own qualified advisor. May avoid probate By naming a beneficiary, you typically minimize the delays, expense and publicity often associated with probate.
Please consult with and rely on your own legal or tax advisor. Annuitization payout options
By annuitizing your contract (electing an annuity payout option) or by turning on lifetime payment amounts (LPAs), you have access to a guaranteed income stream that will last as long as you live. Issue ages Available issue ages 40-79 (qualified and non-qualified). Minimum premium Flexible premium, $20,000 at issue, qualified and non-qualified ($50/month TSA salary reduction accepted after $20,000 minimum initial premium requirement).
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