What sets NAC VersaChoice 10 apart? NAC VersaChoice 10 is a modified single premium, fixed index annuity with an optional rider for an additional fee that allows you access to more of the funds, sooner. This annuity has a $20,000 minimum premium. The value will grow at a rate based on the fixed or index account (or index accounts) you choose. Index accounts are tied to market performance, but they are not an actual investment in the stock market. We’ll go more in depth in the “how your value can grow” section. In other words, you’ll get credit for some of the market’s growth in up times. In down times, when the market sees zero gains or actually loses value, the premium will not be at risk of decreasing due to those losses.
What is a fixed index annuity?
A fixed index annuity (FIA) represents a simple promise. It’s an insurance contract. For your premium and the time you leave it with us, we promise to offer both growth potential and downside protection from market drops. An FIA offers several benefits including tax deferral and the opportunity to earn interest based on an underlying index. Issue ages (may vary by state) The NAC VersaChoice 10 is available at issue ages 0-79. For issue ages 0-17, a Uniform Gift to Minors Act (UGMA) or Uniform Transfers to Minors Act (UTMA) custodial account must be established.
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