North American Company for Life and Health Insurance carries an A+ (Superior) rating from AM Best and over $25 billion in assets. 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, with 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 — placing 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, allowing it to focus on long-term policyholder commitments rather than quarterly earnings.
The company has been in continuous operation since 1886 — 138+ years — and has maintained its A+ rating through multiple economic cycles. Its parent, Sammons Financial Group, also includes Midland National Life Insurance Company, making the Sammons group 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 and fixed annuity products provide locked guaranteed rates across 3, 5, 7, and 10-year terms. Consistently competitive with top-rate MYGA carriers.
- Fixed Index Annuities (FIAs) — North American’s BenefitFlex, Rapid Builder, and Charter Plus FIA products offer index-linked growth with optional income riders.
- Single Premium Immediate Annuities (SPIAs) — Immediate income annuities for clients wanting guaranteed income that begins within one year.
North American Company MYGA Products and Current Rates
Live rates from AnnuityRateWatch · Rates updated April 2, 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
North American’s flagship MYGA product, available in 3, 5, 7, and 10-year terms. Provides a fully guaranteed interest rate with annual free withdrawal privileges. One of the deepest term lineups in the MYGA market from a single A+ carrier. Minimum premium $10,000.
North American Fixed Index Annuity Products
North American BenefitFlex
An FIA designed for clients who want flexible income and accumulation options. Multiple index crediting strategies with an optional guaranteed lifetime withdrawal benefit rider. Available with both simple and complex income rider structures to match different retirement planning needs.
North American Rapid Builder
An accumulation-focused FIA with enhanced crediting strategies and a higher cap design. Suited for clients with a 10+ year deferral window who want to maximize index growth before income begins.
Who Is North American Best For?
- MYGA buyers who want an A+ carrier with competitive rates across the widest range of terms — from 3 to 10 years — from a single issuer.
- Clients working with independent agents — North American has one of the most agent-friendly distribution models in the industry, with strong support and broad product availability.
- Long-term accumulators who want a privately held, mutually oriented carrier with 138+ years of operating history and an A+ rating.
- FIA income buyers looking for flexible income rider designs from a top-tier rated carrier.
North American Company Pros and Cons
Here is a balanced look at North American Company’s strengths and limitations for annuity buyers:
Pros
- Strong financial backing with an A+ (Superior) AM Best rating
- Offers MYGA products with guaranteed rates and predictable returns
- Offers fixed index annuities with growth potential tied to market indexes and downside protection
- Available through independent agents, allowing side-by-side comparisons with other carriers
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?
North American Company holds an A-range AM Best rating (A+ (Superior)), which indicates a strong ability to meet ongoing policyholder obligations. In addition, annuity contracts are backed by your state guaranty association, which provides a secondary layer of protection typically covering $250,000 per contract. Always verify both the current rating and your state’s coverage limits.
What types of annuities does North American Company offer?
North American Company offers MYGAs, fixed index annuities, immediate annuities through independent agents and financial professionals. Product availability, rates, and features vary by state. Use our rate comparison tool to see what’s currently available from North American Company and competing carriers.
How do I buy an annuity from North American Company?
North American Company annuities are sold through licensed insurance agents and financial advisors. My Annuity Store is an independent platform that can quote North American Company alongside 20+ other carriers so you can compare rates, terms, and financial strength ratings in one place. Request a free quote or call 855-583-1104 to get started.
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.
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Other Annuity Companies to Consider
Comparing carriers is an important part of finding the right annuity. Each company offers different rate guarantees, financial strength ratings, and product features. Here are a few other carriers worth reviewing:
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- Allianz Life Annuity Review
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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.
