What Fixed Annuities Does North American Company Sell?

What Fixed Annuities Does North American Company Sell?

North American Company states that it offers traditional fixed annuities and fixed index annuities. Traditional fixed annuities state a fixed interest rate that is guaranteed never to be less than a specific percentage, and the rate is guaranteed for a specific period. Fixed index annuities can have annual rate changes.

In fixed index annuities, the annuity contract interest rate is tied to a specific market index that the owner chooses annually. Once the interest rate is established, the rate is guaranteed not to decrease below a certain level, regardless of future market changes, according to North American Company. The company also offers immediate annuities, which guarantee the owner a stream of income ranging from a specified time period to the remainder of the owner's life.