North American Annuity Rates and Company Comparisons

Let's take a closer look at North American annuity rates and company comparisons. The rates can vary significantly depending on the company, with some offering higher rates than others. For example, Lincoln National's fixed annuity rates are currently around 2.5% to 3.5% per annum.

Some companies, like New York Life, offer a guaranteed minimum interest rate of 2% per annum. This can provide a sense of security for those looking for a more predictable return on investment.

North American annuity rates offer a range of options for investors. The company's NAC Guarantee Plus product has a rate of 5.25% for a 7-year guarantee period.

North American's annuity rates vary depending on the product and guarantee period. For example, the NAC Guarantee Plus product also has a 5.25% rate for a 5-year guarantee period, and a 5.00% rate for a 3-year guarantee period.

Here are some key rates and guarantee periods for North American's annuity products:

Let's take a closer look at the rates offered by North American Company for Life and Health Insurance. Their NAC Guarantee Plus product has a rate of 5.25% for a 7-year guarantee period and surrender period.

The company also offers a 5-year guarantee period and surrender period with the same rate. However, there's a slight variation in the rate for a 3-year guarantee period and surrender period, which is 5.00%.

If you're looking for an alternative, the NAC Max Elite Guarantee product offers a rate of 4.85% for a 5-year guarantee period and surrender period.

Here's a comparison of the rates and guarantee periods offered by North American Company for Life and Health Insurance:

North American offers MYGAs, also known as multi-year guaranteed annuities. These products are a type of fixed index annuity.

The North American Guarantee Choice℠ is an example of a MYGA. It's available for terms ranging from 3 to 10 years.

You can choose from various payout options, including life, joint life, or a set period of 5 to 20 years. This flexibility is a great benefit for those planning for the future.

Here are the specific term options available for the North American Guarantee Choice℠:

One of the benefits of MYGAs is that you can take penalty-free withdrawals equivalent to the interest earned each year after the first year of the contract.

The interest rate on North American's Strategic Design Annuity X is 1.70% fixed, as of February 2021. This rate may not always be the same, but you can expect a minimum of 0.25% rate.

You can expect the returns on your indexed account to vary based on how you allocate your assets between the fixed and indexed accounts, the performance of the index you choose, and the fixed rate you receive at the time of your account's opening.

The fixed interest rate on North American's annuities varies based on your account balance, with rates ranging from 1.15% for balances between $20,000 and $74,999 to 1.50% for balances between $75,000 and $1,000,000.

Here are some recent performance rates for North American's Best-Performing Annuities:

Keep in mind that these rates can vary, and it's essential to understand the terms and conditions of your annuity before investing.

North American's North American Guarantee Choice annuity offers four guaranteed interest rate periods, ranging from three to ten years, with the longer terms offering better rates.

You can choose from three-, five-, seven-, or ten-year time frames, and the company includes a nursing home confinement waiver, allowing for fee-free withdrawal increases every year if you're confined to a nursing home for at least 90 consecutive days.

The maximum issue age for this contract is 90, and the minimum initial premium is $2,000.

North American's North American Income annuity is designed to provide income, and you can receive payments in seven different ways, including period certain only and single life with survivorship.

You can receive guaranteed income for a period of 5 to 20 years, or for the remainder of your life, whichever is longer.

Here's a breakdown of the withdrawal fees for the North American Guarantee Choice annuity:

Keep in mind that withdrawals made before age 59.5 will be subject to a 10% income tax penalty.

North American offers a range of annuities with varying performance rates. The best-performing stock index and crediting methods can be seen in the NAC VersaChoice 10 2-Year Fidelity Multifactor Yield 5% ER PTP Participation Rate, which has a recent performance of 4.77%.

The NAC VersaChoice 10 2-Year S&P 500 MARC 5% ER PTP Participation Rate is another strong performer, with a recent performance of 4.01%. This is slightly lower than the Fidelity Multifactor Yield, but still a respectable rate.

The table below shows a comparison of the recent performance rates for various North American annuities:

Overall, the performance rates for North American annuities vary, but some products stand out as strong performers.