North American Company carrier profile

Who North American Company is in the annuity market

North American Company for Life and Health Insurance writes annuities through independent distribution from West Des Moines, Iowa. Like its sister company Midland National, it sits inside the employee-owned Sammons Financial Group, and its indexed contracts typically pair a long surrender schedule with declared, renewable crediting terms.

• —Sammons Financial Group member with an employee-ownership structure
• —Indexed contracts with declared caps, spreads, and index-allocation flexibility
• —Guaranteed-rate contracts for defined holding periods
• —Optional income benefit riders on several indexed designs

Read the issuing entity, not the brand

Contracts sold through the same marketing organisation can be issued by either Sammons carrier. Ratings, declared rates, and contract provisions attach to the issuing entity named on the schedule page.

Allocation flexibility is the live lever

Index allocation can usually be adjusted at each contract anniversary while benefit elections cannot. For a contract with years left on its schedule, allocation review is the highest-value action available without touching the contract itself.

Rider election drives the Cost pillar

Where a lifetime income rider is elected, an explicit annual charge applies. A review confirms both that the rider exists and that it is still wanted before treating the charge as a problem.

What to check on a North American Company contract

• —The issuing entity on the contract schedule page
• —Current index allocation versus the original allocation
• —Whether an income rider charge is being deducted annually
• —Remaining surrender years and free-withdrawal allowance

Questions owners ask

What is North American Company's A.M. Best rating?

North American Company for Life and Health Insurance is recorded in the AnnuityScore carrier network with an A.M. Best financial strength rating of A+ (Superior).

What does employee ownership mean for a policyholder?

It describes the parent group's ownership structure, not the contract guarantees. Guarantees are governed by the policy language and the issuing company's ability to pay.