North American Company Announces NAC Guaranteed Allocation℠ Fixed Index Annuity

New FIA offers seamless diversification, guaranteed rates, and growth potential

WEST DES MOINES, Iowa--()--North American Company for Life and Health Insurance® (North American), member company of Sammons® Financial Group and one of the largest issuers of fixed index annuities (FIAs) in the U.S.1, announces NAC Guaranteed Allocation℠ fixed index annuity.

NAC Guaranteed Allocation FIA helps provide a seamless, smart way to pursue diversified growth potential and offers 5-, 7-, and 10-year surrender charge options. Key features of the NAC Guaranteed Allocation include:

  • Guaranteed rates from A+ rated carrier4: All fixed and indexed rates are guaranteed for the entire surrender charge period2.
  • Seamless, turnkey diversification: Choose between four Model Blend options with preset allocations for built-in diversification. With automatic rebalancing on each contract anniversary, clients can easily manage allocations without extra effort, keeping them consistently diversified.
  • Strong accumulation & growth potential: Index options are available from one of the premier brands, S&P.

“With NAC Guaranteed Allocation, we’re unlocking the power of diversification,” said Josh Woodvine, vice president of sales for North American. “This fixed index annuity offers pre-built model allocations that not only help optimize annuity performance, but also make the allocation process simpler and more effective.”

Diversification is a proven strategy for growth and managing risk. But with so many index options, choosing the right balance of protection and growth can be challenging.

To simplify the process, clients can choose from one of four Model Blend options, each designed to balance growth ambitions with risk tolerance. These preset allocation options offer built-in diversification across indices and will automatically rebalance each anniversary. Clients have total control over how the initial premium is allocated between a fixed account3 and the Model Blend option they choose.

“We’re committed to offering a suite of products to help meet customers where they are,” added Woodvine. “We’ve listened to our clients and distribution partners and are excited to bring this new solution to market.”

About North American Company for Life and Health Insurance

North American Company for Life and Health Insurance® is a member of Sammons® Financial Group, Inc. They offer a comprehensive portfolio of term, universal life, and indexed universal life insurance products, as well as a wide variety of traditional fixed and fixed index annuities. North American is a stable, A+ rated4, and employee-owned company. Learn more about North American.

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1 Wink’s Sales & Market Report and LIMRA/Secure Retirement Institute. 
2 A surrender during the surrender charge period could result in a loss of premium, surrender charge structure may vary by state. After this period, fixed and index accounts will be declared annually. 
3 The declared fixed rate is an annual effective rate. Interest is credited to the fixed account daily. Note: In your contract the applicable period of time for your crediting method is referred to as a “term”. 
4 A.M. Best Company rating—effective August 13, 2024. A+ is the 2nd of 15 categories. A.M. Best is a large third-party independent reporting and rating company that rates an insurance company on the basis of the company's financial strength, operating performance and ability to meet its obligations to policyholders. A+ is the second highest rating out of 15 categories and was affirmed for North American as part of Sammons Financial Group on August 13, 2024. For the latest rating, access www.ambest.com.

The NAC Guaranteed Allocation℠ is issued on form NA2002A/ICC24-NA2002A (contract), AE692A/ICC24-AE692A, AE687A/ICC24-AE687A, AE638A/ICC21-AE638A and AE695A/ICC24-AE695A (riders/endorsements) or appropriate state variation by North American Company for Life and Health Insurance®, West Des Moines, IA. Product features, riders and index options may not be available in all states or appropriate for all clients.

Not all product features are guaranteed. Interest credits depend on the performance of an underlying index and are subject to caps and participation rates, which can change after the initial guarantee period. Model Blend percentages remain fixed after contract issuance, but after the surrender charge period, rates are no longer guaranteed. All guarantees, including credited rates and minimum surrender values, depend on the claims-paying ability of North American. Refer to the contract and disclosure statement for details.

Sammons Financial® is the marketing name for Sammons® Financial Group, Inc.’s member companies, including North American Company for Life and Health Insurance®. Annuities and life insurance are issued by, and product guarantees are solely the responsibility of, North American Company for Life and Health Insurance.

Fixed index annuities are not a direct investment in the stock market. They are long term insurance products with guarantees backed by the issuing company. They provide the potential for interest to be credited based in part on the performance of specific indices, without the risk of loss of premium due to market downturns or fluctuation. Although fixed index annuities guarantee no loss of premium due to market downturns, deductions from your accumulation value for optional benefit riders or strategy fees or charges associated with allocations to enhanced crediting methods could exceed interest credited to the accumulation value, which would result in loss of premium. They may not be appropriate for all clients. Interest credits to a fixed index annuity will not mirror the actual performance of the relevant index.

Contacts

Media Contact:
Hillary Carlson
hcarlson@sfgmembers.com
Office: (515) 221-7426

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Contacts

Media Contact:
Hillary Carlson
hcarlson@sfgmembers.com
Office: (515) 221-7426