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

NAC Guarantee Plus® 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 and is credited daily (declared fixed rate shown as an annual effective rate). After the first contract anniversary, the policy allows penalty-free withdrawals equal to the interest earned in the prior contract year, while amounts above that may be subject to surrender charges and a Market Value Adjustment (MVA). At the end of the guarantee period, a 30-day renewal window provides flexibility to renew, elect a payout option, or withdraw the accumulation value without surrender charges or MVA.

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

The minimum premium amount is $20,000.

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

The maximum issue age is 90 years.

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

The current interest rate is 4.4%.

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

Withdrawals that exceed the penalty-free withdrawal amount (generally, more than the interest-earned penalty-free amount), or a full surrender during the guarantee period, are subject to surrender charges and may also incur an MVA. Charges decline each year until reaching 0% at the end of the term. All funds become fully penalty-free at the end of the guarantee period or during the 30-day renewal window. Surrender charge structures may vary by state.

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

The best available rate is 5.05% for a 7 year term.

North American Company

North American – NAC Guarantee Plus (3-, 5- & 7-year terms)

About this product

NAC Guarantee Plus® 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 principal protection across 3-, 5-, and 7-year guarantee periods. It offers predictable, guaranteed rates, penalty-free access features based on credited interest, and a built-in nursing home confinement waiver rider, making it well-suited for conservative savers seeking stable accumulation with structured liquidity.

Available Rates

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

3 Years	4.80%
5 Years	5.05%
7 Years	5.05%

Available Guarantee Periods

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

$20,000.00 - $99,999.00	4.4%
$100,000.00 - $1,000,000.00	4.8%

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