They provide the potential for interest to be credited based in part on the performance of specific indices, without the risk of loss of premium due to market downturns or fluctuation. They are long-term insurance products with guarantees backed by the issuing company. The Death Benefit may be reduced for premium taxes at death as required by the state of residence.Ĥ Growth opportunity may be limited by Strategy Charges, Participation Rates below 100% and/or cap rates.ĥ Deductions from your accumulation value for Strategy Charges could exceed interest credited to the accumulation value, which would result in loss of premium or prior interest credits.įixed index annuities are not a direct investment in the stock market.

You should rely on your own qualified tax professional.ģ When the contract Death Benefit is paid, a pro-rata interest credit will be applied to the accumulation value. Neither North American Company for Life and Health Insurance, nor any financial professionals acting on its behalf, should be viewed as providing legal, tax or investment advice. Annuities may be subject to taxation during the income or withdrawal phase. An annuity is not required for tax deferral in qualified plans. 1 Although fixed index annuities guarantee no loss of premium due to market downturns, deductions from your accumulation value for Strategy Charges or optional rider charges could exceed interest credited to the accumulation value, which would result in an overall reduction of premium.Ģ Under current law, annuities grow tax deferred.

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