North American Company for Life and Health Insurance carries an A+ (Superior) rating from AM Best and over $25 billion in assets. The company is part of Sammons Financial Group, one of the largest privately held financial services companies in the country.
North American is a consistent top-10 seller of both MYGAs and fixed index annuities. The company is known for competitive rates and a deep product lineup built for independent agents.
This review covers North American’s financial strength, MYGA and fixed annuity products with live rates, FIA lineup, and contact information.
North American Company at a Glance
| Detail | Information |
|---|---|
| Full Legal Name | North American Company for Life and Health Insurance |
| Parent Company | Sammons Financial Group (Sammons Enterprises, Inc.) |
| Headquarters | Sioux Falls, South Dakota |
| Founded | 1886 |
| Company Structure | Privately held (subsidiary of Sammons Enterprises) |
| AM Best Rating | A+ (Superior) |
| S&P Rating | A+ (Strong) |
| Comdex Score | 91 out of 100 |
| Total Assets | $25+ billion |
| Products Offered | MYGAs, Fixed Index Annuities, SPIAs |
| States Available | All 50 states + D.C. |
| Minimum Premium | $10,000 (most products) |
North American’s Financial Strength
North American holds an A+ (Superior) from AM Best. This places it in the same top-tier bracket as MassMutual, Protective, and Nationwide.
As a privately held company under Sammons Enterprises, North American operates without public shareholder pressure. This structure lets the company focus on long-term policyholder commitments rather than quarterly earnings.
The company has been in continuous operation since 1886, over 139 years. It has maintained its A+ rating through multiple economic cycles. Its sister company, Midland National Life Insurance Company, also operates under Sammons Financial Group. Together, they form one of the most substantial privately held insurance operations in the United States.
What Types of Annuities Does North American Offer?
- Multi-Year Guaranteed Annuities (MYGAs) – North American’s Guarantee Choice series provides locked guaranteed rates across 3, 5, 7, and 10-year terms. Rates are consistently competitive with other top MYGA carriers.
- Fixed Index Annuities (FIAs) – The BenefitFlex, Rapid Builder, and Income Pay Pro 10 FIA products offer index-linked growth with optional income riders. The flagship Income Pay Pro 10 offers a 27% premium bonus on the income value and is one of the strongest income FIAs available in 2026.
- Single Premium Immediate Annuities (SPIAs) – Immediate income annuities for clients wanting guaranteed income starting within one year.
North American Company MYGA Products and Current Rates
Live rates from AnnuityRateWatch · Rates updated May 14, 2026
| Product | Term | Rate (APY) | Min Premium | Last Rate Change | |
|---|---|---|---|---|---|
|
NAC Guarantee Plus 3
AM Best A+ |
3 Years | 4.8% | $100,000+ | Apr 2, 2026 | View Details → |
|
NAC Guarantee Plus 3
AM Best A+ |
3 Years | 4.4% | $20,000+ | Apr 2, 2026 | View Details → |
|
NAC Guarantee Plus 5
AM Best A+ |
5 Years | 5.15% | $100,000+ | Apr 2, 2026 | View Details → |
|
NAC Guarantee Plus 5
AM Best A+ |
5 Years | 4.9% | $20,000+ | Apr 2, 2026 | View Details → |
|
NAC Guarantee Plus 7
AM Best A+ |
7 Years | 5% | $100,000+ | Apr 2, 2026 | View Details → |
|
NAC Guarantee Plus 7
AM Best A+ |
7 Years | 4.7% | $20,000+ | Apr 2, 2026 | View Details → |
Rates apply to standard products. State availability varies. Not an offer or solicitation. Always verify current rates before purchasing.
North American MYGA Products
Guarantee Choice Series
This is North American’s flagship MYGA product. It’s available in 3, 5, 7, and 10-year terms with a fully guaranteed interest rate. Annual free withdrawal privileges let you access a portion of your funds without penalties. Minimum premium is $10,000.
North American Fixed Index Annuity Products
North American BenefitFlex
An FIA built for flexibility. It offers multiple index crediting strategies with an optional guaranteed lifetime withdrawal benefit rider. Both simple and complex income rider structures are available to match different retirement planning goals.
North American Rapid Builder
An accumulation-focused FIA with higher caps and enhanced crediting strategies. Best suited for clients with a 10+ year timeline who want to maximize index growth before taking income.
Is North American Life Insurance a Good Company?
Yes. North American Company for Life and Health Insurance is one of the most highly rated annuity carriers in the country. It carries an A+ (Superior) rating from AM Best, an A+ (Strong) rating from S&P, and a Comdex score of 91 out of 100, placing it in the top decile of all U.S. life and annuity carriers.
The company has been continuously operating since 1886, has over $25 billion in assets, and is owned by Sammons Financial Group, a privately held parent that also owns Midland National. For annuity buyers, North American offers the financial strength of a top-tier carrier with the rate competitiveness more common among smaller carriers, an unusual combination.
Who Is North American Best For?
- MYGA buyers who want an A+ carrier with competitive rates across terms from 3 to 10 years, all from a single issuer.
- Clients working with independent agents – North American has one of the most agent-friendly platforms in the industry, with broad product availability and strong support.
- Long-term savers who prefer a privately held carrier with 138+ years of operating history and no public shareholder pressure.
- FIA income buyers looking for flexible income rider designs from a top-tier rated carrier.
North American Company Pros and Cons
Pros
- Strong financial backing with an A+ (Superior) AM Best rating
- Competitive MYGA rates with guaranteed returns across multiple terms
- Deep FIA lineup with growth potential tied to market indexes and principal protection
- Available through independent agents for easy side-by-side comparisons
Cons
- Rates vary by product and term, so comparison shopping is always recommended
- Product availability varies by state, so not all products may be offered where you live
- Surrender charges apply during the contract term, which limits liquidity
Frequently Asked Questions About North American Company
Is North American Company a safe company for annuities?
Yes. North American holds an A+ (Superior) AM Best rating, which means it has a superior ability to meet policyholder obligations. Your annuity is also backed by your state guaranty association, which typically covers up to $250,000 per contract. Verify both the current rating and your state’s limits before buying.
What types of annuities does North American offer?
North American offers MYGAs, fixed index annuities, and immediate annuities through independent agents. Product availability and rates vary by state. Use our rate comparison tool to see what’s currently available.
How do I buy a North American annuity?
North American annuities are sold through licensed insurance agents. My Annuity Store can quote North American alongside 20+ other carriers so you can compare rates, terms, and financial strength in one place. Request a free quote or call 855-583-1104.
Contact North American Company (Sammons Financial)
| Contact Method | Details |
|---|---|
| Website | www.northamericancompany.com |
| Customer Service | 1-888-628-9600 |
| Mailing Address | North American Company for Life and Health Insurance One Sammons Plaza Sioux Falls, SD 57193 |
| Hours | Monday-Friday, 7 a.m.-6 p.m. CT |
Compare North American Against Top Carriers: My Annuity Store compares North American alongside MassMutual, Athene, Protective, and 20+ other top-rated carriers. Get a free rate comparison or call 855-583-1104.
Related: FIA Sales Leaders: Complete Indexed Annuity Market Data (2015-2025)
Other Annuity Companies to Consider
Each company offers different rate guarantees, financial strength ratings, and product features. Here are a few other carriers worth reviewing:
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Want help choosing? Use our live rate comparison tool to see which carriers offer the best rates today, or request a personalized quote.
