North American Income Pay Pro 10 Review (2026)

Is the North American Income Pay Pro 10 Worth It?

North American Income Pay Pro 10 is a 10-year modified single premium fixed indexed annuity from North American Company for Life and Health (a Sammons Financial Group company), backed by an A+ rating from AM Best. The product comes with an embedded guaranteed lifetime withdrawal benefit (GLWB) rider that pays a flat 8% compound roll-up on the income base for up to 10 years, in exchange for a 1.15% annual rider fee.

For income-focused buyers in their late 50s and early 60s with a 10-year time horizon, the resulting guaranteed lifetime income is among the most competitive in the FIA market.

Short answer: A 60-year-old male in Arizona who puts $100,000 into Income Pay Pro 10 and defers income for 10 years can lock in $18,135 per year of guaranteed lifetime income starting at age 70. That is an 18.14% payout on the original deposit, paid for the rest of his life regardless of market performance or how long he lives.

• Best for: buyers 55 to 65 who want the largest guaranteed paycheck starting 5 to 10 years from now.
• Not for: growth buyers, or anyone who may need more than 10% a year of their money in the first 10 years.

Full details are in the official North American Income Pay Pro 10 brochure.

The Headline: $18,135 Per Year for Life on a $100K Deposit

Most product reviews bury the income math behind walls of feature descriptions. We are doing the opposite. Here is what the actual income looks like for a representative buyer, generated from a live illustration our team ran on October 15, 2026.

The math underneath that $18,135 number is the point. Here is exactly how it works:

1. Day one: $100,000 premium goes in. The GLWB value (used to calculate lifetime income) starts at 100% of premium = $100,000.
2. Years 1 through 10: The GLWB value grows at 8% compound annually. After ten years: $100,000 × 1.08^10 = $215,892.
3. Age 70 payout: The contract pays an 8.40% level Lifetime Payment Percentage (LPP) on that $215,892 income base. Annual income = $18,135 for life.

How Much Income Does the North American Income Pay Pro 10 Pay?

Single life, male 60 at issue, $100,000, October 15, 2026 illustration. Rider fee 1.15% a year on the GLWB value. Joint and increasing payouts are lower.

• The roll-up stops at year 10: waiting from 70 to 75 adds only $1,079 a year.
• The fee grows with the base: $1,242 in year 1, rising to $2,483 by year 10.
• Nursing home multiplier: income doubles to $36,270 a year for up to five payments, from year 3 (not in California).
• Estimate your own age and deposit with our income rider calculator.

Hypothetical Historical Rate of Return

Our illustration put 100% in the 1-year Barclays Transitions 12 VC strategy at 50%. It uses 2016 to 2025 index data at October 2026 rates, with income starting at 70.

Values are after the 1.15% rider fee. Hypothetical, not guaranteed.

• Backtest caveat: Barclays Transitions 12 VC launched March 31, 2023, so most of this decade is simulated.
• Income stays level: good index years raise your cash value, not the $18,135 payment.
• When the money runs out: the account hits $0 at age 87 in this illustration (80 with no credits), and income continues.
• MYGA benchmark: At today's top 10-year rate of 6.30% (compound), $100,000 grows to about $184,218 over 10 years, a gain of $84,218. See current MYGA rates.

Compare these participation rates with current fixed index annuity rates from other carriers.

North American Income Pay Pro 10 Strengths and Red Flags

What it does well

• 8% compound roll-up doubles the income base to $215,892 in 10 years, regardless of markets.
• 8.40% level payout at 70, available as early as age 50.
• LPA reserve: income you skip in a year can be banked and taken later.

Red flags

• Cash value lags the income base: the guaranteed cash value is $91,152 at year 10, below your premium.
• The GLWB value is not a death benefit; heirs get the accumulation value, not the $215,892 base.
• 10% surrender charge in years 1 and 2, plus an MVA, over a 10-year schedule.
• Thin live record: its top-backtesting Barclays indexes have about 3 years of live history.

Bottom Line Verdict

The North American Income Pay Pro 10 produces some of the highest 10-year deferred income numbers we have seen from any A+ rated FIA carrier in 2026. The $18,135 per year on $100,000 example is not cherry-picked. It is what the actual North American illustration system spits out for a representative 60-year-old buyer at this writing, using a real Barclays Transitions allocation and the published level LPP table.

The trade-off is real. You give up cash value flexibility (the 1.15% rider fee compounds against your contract value) and you commit to a 10-year surrender period. If you actually take the income you bought the rider for, the fee is well-spent. If you change your mind in year 4 and surrender, you will leave money on the table.

The honest framing: this is one of the strongest pure-income FIA structures in the market right now, particularly for buyers with a 7-to-10-year deferral horizon. The combination of an 8% compound roll-up, a doubling nursing home multiplier, and the LPA reserve flexibility creates a product that competes well with anything from Athene, Allianz, or Nationwide in the same income-rider category.

Considering Athene’s main income FIA instead? See our Athene Ascent Pro 10 vs North American Income Pay Pro 10 comparison.

Final verdict: the North American Income Pay Pro 10 is built for guaranteed lifetime income. It earns our 4.5 rating for buyers who can wait 5 to 10 years to start income. For a bonus with step-ups, consider the NAC BenefitSolutions 10 over the Income Pay Pro 10.

Frequently Asked Questions

Is the Income Pay Pro 10 income rider optional?

No. The GLWB rider is built into every contract, at 1.15% a year charged on the GLWB value.

Can I withdraw the Income Pay Pro 10 income base?

No. The GLWB value only sets your lifetime income. Your cash value tracks index credits minus the rider fee, and is what you can surrender.

What is the minimum premium for the Income Pay Pro 10?

$20,000, with added premiums allowed in the first year. Issue ages are 40 to 79.

Is North American a good annuity company?

North American is rated A+ by AM Best, S&P and Fitch, and is part of Sammons Financial Group. See our North American company review.

Sources: North American Income Pay Pro 10 brochure; North American illustration and product details via Annuities Genius, October 15, 2026; North American Income Pay Pro product page; AM Best company profile; Sammons Financial Group.