What is the minimum guaranteed surrender value for North American Company – NAC Guarantee Plus (7-Year Terms)?

The contract guarantees interest over a fixed term and allows renewal or annuitization afterward. Withdrawals of earned interest are penalty-free, and full surrender is subject to surrender charges and a market value adjustment. The policy includes a death benefit equal to the accumulation value and provides additional flexibility through a built-in nursing home confinement waiver. It is available to issue ages 0–90 and is suitable for both qualified and non-qualified funds.

What is the minimum premium amount for North American Company – NAC Guarantee Plus (7-Year Terms)?

The minimum premium amount is $20,000.

What is the maximum issue age for North American Company – NAC Guarantee Plus (7-Year Terms)?

The maximum issue age is 90 years.

What is the current interest rate for North American Company – NAC Guarantee Plus (7-Year Terms)?

The current interest rate is 4.75%.

What is the surrender charge schedule for North American Company – NAC Guarantee Plus (7-Year Terms)?

During the guarantee period, a surrender charge is assessed on any amount withdrawn, whether as a partial or full surrender, that exceeds the penalty-free amount. A surrender during the guarantee period could result in a loss of premium. Surrender charges may vary by state. After the initial term, the policyholder has a 30-day window to act before a new surrender schedule takes effect.

What are the best rates available for North American Company – NAC Guarantee Plus (7-Year Terms)?

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

North American Company

North American Company – NAC Guarantee Plus (7-Year Terms)

About this product

NAC Guarantee Plus is a single-premium, multi-year guarantee annuity (MYGA) designed to help individuals protect retirement savings with predictable returns. It offers guaranteed fixed interest rates over 3-, 5-, or 7-year periods, with options to renew or take income after the term. It also allows limited penalty-free access to interest earned and includes a nursing home waiver for added flexibility.

Available Rates

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

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	4.75%
$100,000.00 - $1,000,000.00	5.05%

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