What is the minimum guaranteed surrender value for North American Company – Max Elite Guarantee (3-, 5-, and 7-Year)?

Issued as a single-premium contract with no explicit policy fees, the Max Elite Guarantee annuity provides guaranteed interest for the term selected. At the end of the guarantee period, owners may continue the contract, annuitize, or surrender. Withdrawals are allowed within specified limits without penalties, and optional benefits like the nursing home waiver and spousal continuance are included without cost. The annuity ensures premium protection through surrender value floors and market-adjusted access to funds.

What is the minimum premium amount for North American Company – Max Elite Guarantee (3-, 5-, and 7-Year)?

The minimum premium amount is $20,000.

What is the maximum issue age for North American Company – Max Elite Guarantee (3-, 5-, and 7-Year)?

The maximum issue age is 90 years.

What is the current interest rate for North American Company – Max Elite Guarantee (3-, 5-, and 7-Year)?

The current interest rate is 3.9%.

What is the surrender charge schedule for North American Company – Max Elite Guarantee (3-, 5-, and 7-Year)?

A surrender charge applies to any amount withdrawn in excess of the penalty-free withdrawal limit during the initial guarantee period. This charge decreases each year and is applied along with a market value adjustment (MVA), which reflects changes in interest rates. After the surrender charge period ends, no surrender charges or MVA apply. Charges vary by product duration and may differ by state.

What are the best rates available for North American Company – Max Elite Guarantee (3-, 5-, and 7-Year)?

The best available rate is 4.70% for a 7 year term.

North American Company

North American Company – Max Elite Guarantee (3-, 5-, and 7-Year)

About this product

The Max Elite Guarantee is a single-premium, multi-year guarantee annuity (MYGA) from North American Company for Life and Health Insurance®, offering guaranteed fixed interest rates for 3, 5, or 7 years. It is designed to help individuals achieve their retirement savings goals with predictable returns, premium protection, and optional liquidity features.

Available Rates

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

3 Years	4.20%
5 Years	4.65%
7 Years	4.70%

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