What is the minimum guaranteed surrender value for North American – Max Elite Guarantee (3-, 5- & 7-year terms)?

Max Elite Guarantee℠ is a Single Premium Deferred Annuity (SPDA) that credits a fixed interest rate for the entire duration of the selected guarantee period. The owner makes a one-time premium payment and selects a 3-, 5-, or 7-year term, during which interest grows tax-deferred. After issue, the policy allows annual penalty-free withdrawals of up to 10% of the beginning-of-year accumulation value, while withdrawals above this amount may be subject to surrender charges and a Market Value Adjustment (MVA). At the end of the guarantee period, the contract enters an annually renewable phase with no surrender charges or MVA until the owner elects a payout option or surrenders the policy.

What is the minimum premium amount for North American – Max Elite Guarantee (3-, 5- & 7-year terms)?

The minimum premium amount is $20,000.

What is the maximum issue age for North American – Max Elite Guarantee (3-, 5- & 7-year terms)?

The maximum issue age is 90 years.

What is the current interest rate for North American – Max Elite Guarantee (3-, 5- & 7-year terms)?

The current interest rate is 3.9%.

What is the surrender charge schedule for North American – Max Elite Guarantee (3-, 5- & 7-year terms)?

Withdrawals exceeding the 10% annual free-withdrawal amount, or a full surrender during the guarantee period, are subject to surrender charges and may also incur a Market Value Adjustment. Charges decline annually until reaching 0% at the end of the guarantee period. All funds become fully penalty-free after the surrender-charge period. California uses a separate surrender-charge schedule.

What are the best rates available for North American – Max Elite Guarantee (3-, 5- & 7-year terms)?

The best available rate is 4.50% for a 7 year term.

North American Company

North American – Max Elite Guarantee (3-, 5- & 7-year terms)

About this product

North American Max Elite Guarantee℠ is a single-premium Multi-Year Guaranteed Annuity (MYGA) issued by North American Company for Life and Health Insurance® that provides fixed, tax-deferred interest growth and full principal protection across 3-, 5-, and 7-year guarantee periods. The contract credits a guaranteed annual effective interest rate for the selected term, insulated from market volatility, making it suitable for conservative savers seeking predictable accumulation and financial stability. Interest is credited daily, and higher premium levels qualify for enhanced rates.

Available Rates

Rates are based on current simulation settings with premium amount $100,000.00

3 Years	4.20%
5 Years	4.55%
7 Years	4.50%

Available Guarantee Periods

Rates are based on current simulation settings with premium amount $100,000.00

$20,000.00 - $99,999.00	3.9%
$100,000.00 - $1,000,000.00	4.2%

Features
Maximum Issue Age	90 years

Lifetime Income Details

Payout Options

Annuitization

Lump Sum Withdrawal

Additional Options

Actual payout options may vary by insurance carrier and specific products. Common alternatives include:

Life Income Only: Payments for the rest of your life, stopping upon death
Period Certain: Guaranteed payments for a specific time period (5, 10, 15, or 20 years)
Life with Period Certain: Lifetime payments with a minimum guaranteed period
Joint Life: Payments continue for both you and your spouse's lifetimes
Systematic Withdrawal: Regular withdrawals of a specified amount or percentage