Options for accessing funds NAC Guarantee Plus offers a variety of features to make it easier to access funds on your schedule. Renewal options available to you when your guarantee period is up When your annuity reaches the end of your initial guarantee period, you’re able to renew your annuity at a new guaranteed interest rate. When you renew, you can choose to enter a three, five, or seven-year guarantee period, provided that it does not extend beyond the contract’s maturity date. You will have a 30-day window to renew your guarantee period, elect a payout option or withdraw the accumulation value. If no election is made, we’ll automatically renew your annuity for the original guarantee period as described in your contract. If this guarantee period would extend beyond the maturity value of the contract, we’ll renew your contract for the longest available guarantee period that would not extend beyond the maturity date of the contract. If all available guarantee periods would extend beyond the maturity date of the contract, we’ll credit interest at the minimum guaranteed rate until maturity. Within this 30-day window, no surrender charges or market value adjustment will apply. After the 30-day window, a new guarantee period, guarantee period interest rate, surrender charge schedule and market value adjustment will apply. When you start a new guarantee period, the interest rate may differ from the interest rate during your initial guarantee period.
33779Z
4
REV 3-23
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