North American Benefit Solutions 10 Fixed Index Annuity


The North American Benefit Solutions 10 is an innovative single premium fixed index annuity generating lifetime payments during retirement, nursing home expense cost, and death benefit.

Product Description

The North American Benefit Solutions 10 is an innovative single premium fixed index annuity created with you, the consumer, in mind.

Designed as an annuity contract and benefit rider combination, this unique retirement product offers a central Benefit Base to ensure you receive benefits for life.

NAC BenefitSolutions 10 can help to offer you financial security and confidence by generating benefits you can count on during retirement:

Although NAC BenefitSolutions 10 may not be the ideal solution for everyone, people who may benefit most from this annuity include those who are seeking:


Benefits and Features

Lifetime Payments

With a major concern of retirees today being that of outliving their savings, the NAC BenefitSolutions 10 annuity can provide the ability to receive an ongoing stream of retirement income for life – regardless of how long that may be.

Although defined benefit pension plans may be disappearing, the Guaranteed Benefit Statement that you receive with a North American BenefitSolutions 10 annuity gives you the clarity you need, showing your long-term income guarantee, and providing you and/or your spouse with the surety of a retirement paycheck for both the short- and long-term horizon.

Nursing Home Multiplier

(nursing home multiplier is not available in California)
As Americans’ life expectancy continues to increase, the need for nursing home care also tends to rise – and the cost of this care has gone up at an unprecedented rate.

Your NAC BenefitSolutions 10 annuity can help with these expenses through the nursing home multiplier (referred to as the LPA multiplier in your benefits rider), which doubles your lifetime payment amount for up to five years.

Check out a Long Term Care Annuity to supplement your long term care insurance needs.

Death Benefit

(This benefit varies by state)
In all states EXCEPT AK, CT, HI, IL, MN, MO, NJ, OR, PA, UT, VA, and WA, should the unexpected occur, the value of your NAC BenefitSolutions 10 annuity will not be lost.

In this case, a named beneficiary would receive the accumulation value as a lump sum or they could choose the rider death benefit and receive the benefit base paid in five annual payments if death occurs after the first contract year.

If you have taken no withdrawals (other than rider charges), your beneficiaries are guaranteed the option to take a lump-sum death benefit that is no less than your premium.

North American Life Insurance is also an inexpensive way to leave a death benefit to beneficiaries.

Tax Deferral

Tax-deferred growth allows your money to grow faster because you earn interest on dollars that would otherwise be paid in taxes.

Your premium earns interest, the interest compounds within the contract and the money you would have paid in taxes earns interest.

Under current law, annuities grow tax-deferred.

An annuity is not required for tax deferral in qualified plans.

Annuities may be subject to taxation during the income or withdrawal phase.

May Avoid Probate

By naming a beneficiary, you may minimize the delays, expense, and publicity often associated with probate.

Your designated beneficiary receives death proceeds in either a lump sum or a series of payments.

Please consult with and rely on your own legal or tax advisor.


Minimum Premium

Maximum Premium

Enhanced Benefits


Contract Length

Company Rating (A.M. Best)

Maximum Issue Age

Accepted Funds

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Insurance Company

Premium Type

Annuitization Required

Annual Penalty-Free Withdrawals

Death Benefit


Surrender Charge Waivers

Annual Fees

State Availability

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Cancellation Policy

Liquidity Options


Non-Qualified Annuity

Non-qualified funds are cash, checking, savings, life insurance cash value, etc. Only the interest you’ve earned will be taxed as ordinary income as you withdraw money.

Qualified Annuity

Qualified funds are 401k, IRA, SEP, 403b, TSA, etc. Both principal and interest will be taxed as ordinary income as you withdraw money.

Roth IRA Annuity

Withdrawals from Roth IRA annuities are tax-free as long as the IRS requirements are met.


If you withdraw money from your annuity before you turn age 59.5, you will receive a penalty of 10% plus ordinary income taxes from the IRS.


For more information:  How Are Annuities Taxed?

About North American

North American Company: Life & Annuities

Sammons Retirement Solutions
525 West Van Buren
Chicago, Illinois 60607
Policyholders: (800) 800-3656
Agents: (866) 322-7066


Financial Strength

  • A.M. Best: “A+” (Superior)
  • S&P: A+
  • Fitch: A+



North American Benefit Solutions 10 Fixed Indexed Annuity


Disclaimer*Brochures may vary by state.  For the most accurate information, please request info in the Request Quote form.

Are Annuities FDIC Insured?

Fixed annuities are not FDIC insured, but they have similar protections for your money. An annuity is an insurance policy guaranteed by the insurance company’s claims-paying ability. The insurance companies are members of the state insurance guarantee associations in each state where they do business. Each state insurance guarantee association protects consumers in the unlikely event that their insurance company fails and defaults on their obligations to their consumers (limits vary per state).

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