North American
Key Company Metrics
AM Best Rating: A+ (Superior)
Years in Business: 139 Years
Direct Premiums Sold $8 million
Product Availability: Fixed, MYGAs, Immediate
“North American offers straightforward products backed by strong ratings, they’re a great fit for clients who value long-term safety.”
– Annuity.org Agent Poll Insight
North American Product Types & Features
North American offers a diverse lineup of annuities, including fixed index annuities (FIAs), multi-year guaranteed annuities (MYGAs) and an immediate annuity. This range allows customers to choose between growth potential, guaranteed interest and steady income, depending on their retirement goals.
VersaChoice 10℠ Fixed Index Annuity
The VersaChoice 10℠ is built with liquidity in mind. By adding the enhanced liquidity rider, you can withdraw up to 20% of your contract value after the first year — double the industry standard of 10%. It also offers multiple index strategies for growth and a return of premium feature after the third contract year, making it a strong fit for retirees who want protection with greater access to their money.
Who It Works Best For: Diane, 67, values flexibility. She doesn’t want to feel locked into her contract, so the enhanced liquidity rider gives her confidence that she can access funds if needed without giving up growth potential.
PrimePath Pro® Fixed Index Annuity
The PrimePath Pro® offers a wide range of index options and crediting strategies, along with surrender schedules of 10 years. It’s highly customizable, allowing you to mold the product to your needs, whether you prioritize accumulation, protection, or balance. A nursing home waiver is also included.
Who It Works Best For: James, 61, is planning for long-term growth but wants flexibility in how his contract is structured. PrimePath Pro® lets him choose index strategies that align with his comfort level while protecting against market downturns.
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North American Guarantee Choice℠ MYGA
The North American Guarantee Choice℠ offers contract terms ranging from 3 to 10 years, making it flexible for different retirement timelines.
Customers can choose from payout options such as single life, joint life, or a set period of 5 to 20 years. After the first year, you can take penalty-free withdrawals equal to the interest earned annually. Like North American’s FIAs, this MYGA also comes with a nursing home waiver for added protection.
Who It Works Best For: Karen, 65, wants steady, predictable growth without worrying about market volatility. Guarantee Choice℠ gives her a guaranteed interest rate, flexible term lengths, and straightforward options for income.
North American Income® Immediate Annuity
The North American Income® is a straightforward single premium immediate annuity (SPIA) with minimum funding of $25,000 and a maximum of $1 million. It offers seven payout options and several schedules, giving retirees the ability to tailor income to their lifestyle. While SPIAs are often simple, North American adds flexibility with optional customizations.
Who It Works Best For: Robert, 70, just retired and wants a paycheck he can count on for life. The North American Income® SPIA starts income right away and allows him to choose the payout schedule that best matches his expenses.
Comparison of North American Annuities
| Feature | VersaChoice 10℠ | PrimePath Pro® | Guarantee Choice℠ (MYGA) | Income® (SPIA) |
|---|---|---|---|---|
| Type | Fixed Index Annuity | Fixed Index Annuity | Multi-Year Guaranteed Annuity | Immediate Annuity |
| Terms | 10 years | 10 or 12 years | 3–10 years | Immediate |
| Liquidity | Up to 20% with rider | 10% standard | Penalty-free withdrawals of earned interest | Not applicable |
| Growth Options | Multiple index strategies | Multiple index strategies | Guaranteed fixed rate | None (income product) |
| Special Features | Return of premium after year 3 | Nursing home waiver | Flexible payout options | 7 payout choices, customizable schedules |
| Best Fit | Retirees who want enhanced liquidity | Savers seeking customizable FIA strategies | Conservative savers who want guaranteed interest | Retirees who want steady income now |
- If you want enhanced liquidity and access to more contract value, consider VersaChoice 10℠.
- If you want flexible growth strategies and customization, consider PrimePath Pro®.
- If you want guaranteed growth with simple contract terms, consider Guarantee Choice℠ MYGA.
- If you want immediate, steady income, consider Income® SPIA.
Explore the Best Rates from North American
Choosing an annuity can feel overwhelming, so we’ve simplified things by highlighting North American’s top options. These products showcase the company’s most competitive features and rates, giving you a clear starting point as you consider how to turn your savings into steady retirement income.
| Term | Product | AM Best Rating | Rate |
|---|---|---|---|
| 5 Years | NAC Guarantee Plus | A+ | 5.05 % |
| 7 Years | NAC Guarantee Plus | A+ | 5.05 % |
| 7 Years | NAC Max Elite Guarantee | A+ | 4.85 % |
Buy an Annuity From North American Today
If you’d like to see how North American’s annuities compare, our side-by-side guide makes it easy. You can review features like contract terms, guarantees, and payout options in plain language, so you can feel confident selecting the product that best supports your retirement goals.
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| Product |
Rate
|
Guarantee Period
|
Surrender Period
|
AM Best Rating
|
|---|---|---|---|---|
|
North American Company for Life and Health Insurance NAC Guarantee Plus |
5.05% | 5 Years | 5 Years | A+ |
|
North American Company for Life and Health Insurance NAC Guarantee Plus |
5.05% | 7 Years | 7 Years | A+ |
|
North American Company for Life and Health Insurance NAC Guarantee Plus |
4.65% | 3 Years | 3 Years | A+ |
|
North American Company for Life and Health Insurance NAC Max Elite Guarantee |
4.80% | 5 Years | 5 Years | A+ |
|
North American Company for Life and Health Insurance NAC Max Elite Guarantee |
4.40% | 3 Years | 3 Years | A+ |
Customer Satisfaction and Complaint History
North American does not appear in the 2022 or 2023 editions of the J.D. Power Overall Customer Satisfaction Index, which means the company was not included in the study, rather than receiving a poor score. The 2025 ratings have yet to be released.
Even without a J.D. Power ranking, North American is often recognized for its strong reputation and positive customer service.
North American is probably at the top of the list because they are an A-rated company that’s been around a long time with good customer service. They’re a phenomenal company as far as rates and financial stability.
Ryan CicchelliOwner of the Safe Investing Expert
The company also holds a solid NAIC Complaint Index Score of 0.37, meaning it receives only about one-third of the customer complaints expected for a provider of its size.
The NAIC (National Association of Insurance Commissioners) tracks consumer complaints each state’s insurance commission receives each year. These are used to compile a company’s NAIC Complaint IndexNAIC Complaint IndexDetermined by dividing the company’s share of complaints in the U.S. market by the company’s share of premiums in the U.S. market. The National Complaint Index is always 1.00, so a score of 2.00, for example, is twice as high as expected in the market..
NAIC Complaint Index for North American
| Individual Annuities Only | 0.42 |
See which annuity providers our independent editorial team ranked as the Best Annuity Companies of 2025.
Manage Your North American Annuity Online
North American provides an easy-to-use online portal where you can check your contract details, track performance, and manage your annuity at any time. Logging in is the fastest way to stay on top of your policy and make the most of your retirement plan.
Log into your provider account or connect with customer service at 866-322-7066.
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