Annuity Atlas
Today's top ratesMYGA3yr 6.10%5yr 6.30%7yr 6.35%10yr 6.30%FIA S&P cap3yr 9.70%5yr 16.00%7yr 12.90%10yr 17.00%
As of Oct 26 · B++ or betterAll rates →

Expert review · 2026

North American review

Strong carrier offering diverse fixed indexed annuities with solid A+ financial ratings.
How we rank →Today's rates →

A.M. Best

A+

Insurer claims-paying rating

Products tracked
14
MYGA yield (lineup max)
5.85% · 5yr · NAC Guarantee Plus 5-Year
Income on $500K (benchmark)
$59,508/yr · Income Pay Pro 10
Surrender range
3–14 years
Rate as of Oct 1, 2026
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Founded
1926
Headquarters
Chicago, IL
Total assets
$120+ Billion
A.M. Best
A+

14 North American annuities

Click any product for rates, specs, and the full peer-group review.

NAC Guarantee Plus 5-Year
Savers who want a guaranteed fixed rate for five years, a clean structure with no rider complexity, and the backing of an A+ rated carrier
A+
A.M. BEST
MYGA5-YR SURRENDER
Review →
NAC Guarantee Plus 7-Year
Savers who want a locked rate from an A+ carrier for seven years with clean free-withdrawal terms and no rider complexity
A+
A.M. BEST
MYGA7-YR SURRENDER
Review →
NAC Guarantee Plus 3-Year
Conservative savers who want a short, locked-rate commitment with a strong carrier behind it and no complexity to manage
A+
A.M. BEST
MYGA3-YR SURRENDER
Review →
Charter Plus 10
A+
A.M. BEST
FIA10-YR SURRENDERINCOME RIDER 0.50% annually FEE
Details →
Charter Plus 10 (State Variations)
A+
A.M. BEST
FIA10-YR SURRENDERINCOME RIDER 0.50% annually FEE
Details →
Charter Plus 14
A+
A.M. BEST
FIA14-YR SURRENDERINCOME RIDER 0.50% annually FEE
Details →
Income Pay Pro 10
A+
A.M. BEST
FIA10-YR SURRENDERINCOME RIDER 1.15% annually FEE
Details →
NAC BenefitSolutions 10
Pre-retirees who want guaranteed lifetime income built directly into the contract and want the nursing-home multiplier without paying a separate rider fee
A+
A.M. BEST
Income10-YR SURRENDERINCOME RIDER 1.20% annually FEE
Review →
NAC Control X
Pre-retirees who want long-term principal protection and the option to build guaranteed income through a participating rollup without locking into rider costs at issue
A+
A.M. BEST
FIA10-YR SURRENDER
Review →
NAC Guaranteed Allocation 10
Buyers who want locked crediting terms for the full surrender period and are comfortable choosing from a set of blended multi-index allocation models
A+
A.M. BEST
FIA10-YR SURRENDER
Review →
NAC Guaranteed Allocation 5
Accumulation-focused buyers who want index-linked growth potential and value knowing their caps and participation rates won't be reset during the surrender period
A+
A.M. BEST
FIA5-YR SURRENDER
Review →
NAC Guaranteed Allocation 7
Accumulation-focused buyers who want index-linked growth potential with rate certainty locked in for the full surrender period and no annual product fee
A+
A.M. BEST
FIA7-YR SURRENDER
Review →
NAC VersaChoice 10
Pre-retirees who want a 10-year FIA with a broad index menu, meaningful free-withdrawal flexibility, and the option to add income coverage later
A+
A.M. BEST
FIA10-YR SURRENDER
Review →
Performance Choice 8
Accumulation-focused buyers who want index variety, principal protection, and no income rider cost, and who are comfortable committing to an 8-year surrender window
A+
A.M. BEST
FIA8-YR SURRENDER
Review →

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

What works
  • 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
What to watch
  • 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.

PremiumMonthlyAnnual
$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.

RiderProductFee
Benefit Solutions Guaranteed Benefits RiderNAC BenefitSolutions 101.20% annually
Benefit Solutions Guaranteed Benefits Rider UTNAC BenefitSolutions 101.20% annually
Charter Plus 10 year Enhanced Bonus RiderCharter Plus 100.95%
Income Pay GLBR Option 1Charter Plus 100.40% annually
Income Pay GLBR Option 2Charter Plus 100.95% annually (1.50% max)
Income Pay GLBR Option 3Charter Plus 100.95% annually (1.50% max)
Income Pay Option 1 w/ Income MultiplierCharter Plus 100.50% annually
Income Pay Option 3 w/ Income MultiplierCharter Plus 101.05% annually (1.50% max)

+12 more riders listed on individual product pages.

Best fit for these buyers

Accumulators seeking long-term growth with principal protection and broad index options
Income-focused retirees valuing built-in lifetime income guarantees with care protections
Buyers comfortable with 5-10+ year commitments in exchange for strong carrier backing
Ages 50-75 planning retirement income or long-horizon accumulation

Frequently asked questions

Is North American a good annuity company?
We have reviewed 10 North American products, and A.M. Best rates the carrier A+ for financial strength. We describe its financial position as "Excellent" with $120+ Billion in total assets.
How much income can I get from a North American annuity?
Income depends on your premium, age, and start date. At our benchmark scenario (single life, issue age 62, income beginning at age 67), North American's highest-paying income product (Income Pay Pro 10) currently projects about $59,508 per year on a $500,000 premium, or $29,754 on $250,000. Figures are illustrative, based on live Annuity Rate Watch data, and are not a quote.
What are the fees for North American annuities?
Fee structures vary by product. Optional income riders on North American products carry disclosed charges, for example 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% . See each product review for the full fee detail.
What is the surrender period for North American annuities?
Surrender periods on North American's current lineup run 3–14 years, depending on the product. Most products allow an annual free-withdrawal amount before charges apply. The product table above shows each product's surrender length, and each review covers the exact schedule.

Sources & standards

How we know what's on this page

Rates, terms & availability
Annuity Rate Watch, which aggregates carriers' filed rate sheets. Refreshed every night.
Financial strength
A.M. Best. We publish the carrier's letter rating rather than a score of our own.
Contract detail
The carrier's own brochure, minimum guaranteed surrender value, death benefit, RMD treatment, annuitization options, waiver riders and free-withdrawal terms. Where the brochure and the rate feed disagree, the brochure wins: it is the filed document. Where neither carries a fact, the page omits it. We do not fill gaps with estimates.
Full methodology →Who publishes this →

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