Case Study: North American Income Pay Pro Annuity
Home Annuity Reviews North American Income Pay Pro 10 Reviewed Sherri’s Case Study Sherri is 49 years old and isn’t exactly sure when she will
Assets: $29,479,087
Liabilities: $27,939,344
Total Surplus & AVR: $1,786,251
Surplus as Percent of General Account Assets: 6.1%
Home Annuity Reviews North American Income Pay Pro 10 Reviewed Sherri’s Case Study Sherri is 49 years old and isn’t exactly sure when she will
North American Guarantee Plus Annuity can help protect your retirement savings, while also offering the potential for higher interest rates.
North American Guarantee Plus 5 Fixed Annuity is a 5-year annuity currently offering a rate of 4.25% with free withdrawals of interest.
North American Company for Life and Health Insurance offers term and permanent life insurance and annuities, including:
The company was founded in 1886 and has stood strong to help protect those who counted on the company for financial security, even through two World Wars, the Great Depression, and multiple recessions.
In 1996, North American was acquired by Sammons Financial Group. Unlike many other financial services companies, North American is not publicly traded—meaning the company is not subject to short-term earnings pressures that are often faced by its publicly traded peers.
The company maintains strong industry ratings that are a direct result of the efforts of its dedicated employee owners and long-term growth strategy.
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North American Company is rated A+ by AM Best, A+ by Standard & Poor’s, A+ by Fitch, and B by Weiss and has an 89 Comdex Score.
Rating Agency | Rating |
---|---|
A.M. Best Company (Best's Ratings, 15 Ratings) | A+ (2) |
Superior. Assigned to companies that have, in our opinion, a superior ability to meet their ongoing obligations to policyholders. | |
Standard & Poor's (Financial Strength, 20 Ratings) | A+ (5) |
An insurer rated 'A' has STRONG financial security characteristics, but is somewhat more likely to be affected by adverse business conditions than are insurers with higher ratings. | |
Fitch Ratings (Financial Strength, 21 Ratings) | A+ (5) |
Strong. 'A' IFS ratings denote a low expectation of ceased or interrupted payments. They indicate strong capacity to meet policyholder and contract obligations. This capacity may, nonetheless, be more vulnerable to changes in circumstances or in economic conditions than is the case for higher ratings. | |
Weiss (Safety Rating, 16 Ratings) | B (5) |
Good. The company offers good financial security and has the resources to deal with a variety of adverse economic conditions. It comfortably exceeds the minimum levels for all of our rating criteria, and is likely to remain healthy for the near future. However, in the event of a severe recession or major financial crisis, we feel that this assessment should be reviewed to make sure that the firm is still maintaining adequate financial strength. | |
Ranking (Percentile in Rated Companies) | 89 |
The Comdex gives the average percentile ranking of this company in relation to all other companies that have been rated by the rating services. The Comdex Ranking is the percentage of companies that are rated lower than this company. |
Learn more about what these financial ratings mean.
North American Best Performing Stock Index and Credting Methods | Recent | Best | Worst |
---|---|---|---|
NAC VersaChoice 10 2-Year Fidelity Multifactor Yield 5% ER PTP Participation R 10 surrender yrs Reset: Biennial Fidelity Multi Factor Yield 5% (ER) | 4.77% | 5.65% | 3.23% |
NAC VersaChoice 10 2-Year S&P 500 MARC 5% ER PTP Participation Rate 10 surrender yrs Reset: Biennial S&P 500 MARC 5% (ER) | 4.01% | 4.82% | 3.82% |
NAC VersaChoice 10 1-Year S&P 500 LV DRC 5% TR PTP Spread 10 surrender yrs Reset: Annual S&P 500 Low Volatility DRC 5% (T R) | 3.92% | 5.07% | 2.74% |
NAC IncomeChoice 10 1-Year S&P 500 MARC 5% ER PTP Spread 10 surrender yrs Reset: Annual S&P 500 MARC 5% (ER) | 3.9% | 4.41% | 3.53% |
NAC VersaChoice 10 1-Year Fidelity Multifactor Yield 5% ER PTP Participation R 10 surrender yrs Reset: Annual Fidelity Multi-Factor Yield 5% (ER) | 3.76% | 4.21% | 2.57% |
NAC VersaChoice 10 2-Year Fidelity Multifactor Yield 5% ER PTP Participation R 10 surrender yrs Reset: Biennial Fidelity Multi Factor Yield 5% (ER) | 3.61% | 4.27% | 2.44% |
NAC VersaChoice 10 1-Year S&P 500 MARC 5% ER PTP Participation Rate 10 surrender yrs Reset: Annual S&P 500 MARC 5% (ER) | 3.6% | 3.91% | 3.38% |
NAC IncomeChoice 10 1-Year S&P 500 MARC 5% ER PTP Spread 10 surrender yrs Reset: Annual S&P 500 MARC 5% (ER) | 3.55% | 4.07% | 3.18% |
North American offers both fixed and fixed index annuities. While fixed annuities are very straightforward, fixed index annuities can vary and be quite complicated.
We recommend reading The Ultimate Beginners Guide to Fixed Index Annuities before considering or shopping for indexed annuities. It may also help to be familiar with the pros and cons of fixed index annuities.
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Annuities are distributed by My Annuity Store, Inc. Guarantees are subject to the claims-paying ability of the insurer. My Annuity Store, Inc. is a licensed fixed annuity producer and does not advise clients on the purchase of non-fixed annuity products. The information presented here is not intended to be a recommendation to purchase a fixed annuity, fixed index annuity, immediate annuity, longevity annuity, Qualified Longevity Annuity Contract, long-term care annuity, or any other investment or insurance product.
The contract features described may not be current and may not apply in the state in which you reside. Insurance companies often issue contracts that are ‘state-specific’. Insurance companies also change their products and information often and without notice. Annuities are subject to the terms and conditions of the specific contract issued by the insurer, are not FDIC or NCUA insured, are not bank guaranteed, may lose value, and are not a deposit.
Please call (855) 583-1104 if you have any questions or concerns. The information presented here is not a representation regarding the suitability of any concept or product(s) for an individual and is not intended to be tax or legal advice. You should always consult your own financial planning, tax, and legal advisors to determine if a fixed annuity, fixed index annuity, immediate annuity, longevity annuity, or Qualified Longevity Annuity Contract is suitable for your financial situation. Kiara Caudill California License: 4109080.
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