About North American
North American Company for Life and Health Insurance is a subsidiary of Sammons Financial Group. Known for a deep portfolio of fixed indexed annuities spanning accumulation, income, and principal-protection strategies, North American offers broad index crediting menus and meaningful rider options. The carrier's A+ A.M. Best rating reflects strong financial stability, making it a credible choice for long-duration contracts.
The tradeoffs
- Excellent A+ A.M. Best financial strength rating
- Deep FIA product portfolio with multiple tenure bands (3-14 years)
- Generous premium bonuses on accumulation products (up to 10%)
- Built-in income riders with compounded roll-ups on income products (8% annually)
- Nursing home waivers and care accelerators built into many products
- Long surrender periods (10-14 years on flagship accumulation products)
- Market Value Adjustments add interest-rate risk on early exits
- Income rider fees (1.15-1.20%) apply whether or not income is activated
- Not available in New York; limited availability in some states
- Proprietary index strategies carry less transparent track records than benchmarks
What you could receive
Live projection for Income Pay Pro 10 with Income Pay Pro 10 Level Guarantee Lifetime Withdrawal Benefit — single life, issue age 62, income beginning at age 67. Illustrative, not a quote; figures refresh from Annuity Rate Watch.
| Premium | Monthly | Annual |
|---|---|---|
| $250,000 | $2,480 | $29,754 |
| $500,000 | $4,959 | $59,508 |
| $1,000,000 | $9,918 | $119,016 |
Income rider fees
Disclosed charges for optional riders on North American products, live from Annuity Rate Watch. Product-level detail is on each review.
| Rider | Product | Fee |
|---|---|---|
| Benefit Solutions Guaranteed Benefits Rider | NAC BenefitSolutions 10 | 1.20% annually |
| Benefit Solutions Guaranteed Benefits Rider UT | NAC BenefitSolutions 10 | 1.20% annually |
| Charter Plus 10 year Enhanced Bonus Rider | Charter Plus 10 | 0.95% |
| Income Pay GLBR Option 1 | Charter Plus 10 | 0.40% annually |
| Income Pay GLBR Option 2 | Charter Plus 10 | 0.95% annually (1.50% max) |
| Income Pay GLBR Option 3 | Charter Plus 10 | 0.95% annually (1.50% max) |
| Income Pay Option 1 w/ Income Multiplier | Charter Plus 10 | 0.50% annually |
| Income Pay Option 3 w/ Income Multiplier | Charter Plus 10 | 1.05% annually (1.50% max) |
+12 more riders listed on individual product pages.