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What's an annuity?
Think of annuities like longevity insurance

An annuity represents a simple promise.
For the money you give us and the time we hold onto it, we’ll provide growth potential and, if you choose, an income stream for as long as you live.

Think of it like longevity insurance. An annuity is an insurance contract after all. The money you give North American is called premium. The income we pay you back is guaranteed for life, and that’s one less thing you have to worry about.

We sell a variety of fixed annuities:

  • Multi-year guarantee annuities (MYGAs) – Guarantee an interest rate and agree to the time we’ll hold your money when you open your contract.
  • Single premium immediate annuities (SPIAs) – Maximize the income potential of a lump sum of money with a payout that’s set at the time you open your contract.
  • Fixed index annuities (FIAs) – Our most popular type of annuity (see more below), FIAs are versatile products able to help fit a wide variety of potential needs.


See where fixed index annuities fit
North American offers multiple
fixed index annuity options.

Relatively speaking, these are newer products. The innovation is that they’re designed to offer upside potential when the market rises without the risk of loss of premium due to market downturns. The best of both worlds.

Here’s how the features and benefits compare to other products.

And here’s where they fall on the risk spectrum.


Not sure a fixed index annuity is for you?

Here are some common misconceptions about them and the truth of the matter.


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What’s your primary goal?

Many people will find their financial goals fall into one of the four categories below. Earlier in your career, you’re going to be looking for growth potential. Later, you’re likely in search of a retirement income stream or focusing on your legacy.

Don’t worry if you’re finding your needs don’t fit neatly in a single category. Everyone’s situation is different. A financial professional can help you combine products for more complex needs and get you on your way to a happy retirement.


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