North American Guarantee Plus MYGA – Fixed Growth with Flexible Liquidity and Strong Renewal Options
A Reliable Fixed Annuity from a Trusted Carrier
At Diversified Insurance Brokers, we help individuals protect and grow their savings through dependable, low-risk retirement solutions. The North American Guarantee Plus Multi-Year Guarantee Annuity (MYGA) is a standout choice for clients who value predictable returns, tax advantages, and flexible access to their money.
Issued by North American Company for Life and Health Insurance, this annuity is backed by over a century of financial strength and conservative management—providing peace of mind in any economic environment.
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Guaranteed Rates and Term Flexibility
The Guarantee Plus MYGA offers fixed interest rate periods of 3, 5, or 7 years, locking in your earnings while keeping your principal fully protected. Growth is tax-deferred, allowing your savings to compound without interruption from annual taxation.
The product starts with a $20,000 minimum premium, and higher deposits—$100,000 or more—may qualify for enhanced interest rates, making this especially attractive for rollovers or repositioning a portion of non-qualified savings.
If you’re exploring top fixed annuity options for your savings, submit our quick annuity quote request form and we’ll send you a personalized rate comparison.
Interest Access and Emergency Flexibility
What sets the North American Guarantee Plus MYGA apart is its penalty-free withdrawal of earned interest—available after just 30 days. This makes the annuity more flexible than traditional CDs or other MYGAs that restrict access for a full year or more.
It also offers a nursing home waiver, which allows penalty-free access to your funds if you experience a qualifying long-term care event. For early withdrawals beyond the allowable amount, a Market Value Adjustment (MVA) and surrender charges may apply—but those charges are clearly defined based on the term selected.
Simplified Wealth Transfer and Future Income Options
If the contract holder passes away during the term, the full accumulation value is paid to beneficiaries without surrender penalties, ensuring a smooth, efficient transfer of assets.
At the end of the initial guarantee period, policyholders can choose to renew the contract at a new declared rate, convert to a guaranteed income stream, or withdraw their funds entirely—giving you control over what comes next.
Who This Annuity May Be a Good Fit For
The North American Guarantee Plus MYGA may be a smart option for:
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Individuals seeking fixed, reliable interest rates with downside protection
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Savers who want penalty-free access to interest soon after funding
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Retirees or pre-retirees needing a secure place to park rollover funds
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Clients with larger non-qualified assets who can benefit from high-band rate tiers
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Individuals who value strong legacy planning without probate or fees
It’s a versatile solution for anyone who wants a simple, conservative product with both growth potential and built-in access when needed.
Talk to an Advisor or Request Your Annuity Quote
Ready to explore this annuity in more detail—or compare it with other carriers to see if even higher rates are available? With guaranteed income, principal protection, and long-term growth potential on the line, making the right choice is essential. The experienced advisors at Diversified Insurance Brokers will guide you through the options and design a strategy tailored to your retirement goals.
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FAQs: North American Guarantee Plus Annuity
What is the North American Guarantee Plus Annuity?
Guarantee Plus is a multi-year guaranteed annuity (MYGA) offering a fixed, contractually guaranteed interest rate for a set number of years. It provides stable growth, principal protection, and tax-deferred accumulation without market risk.
What guarantee periods are available?
The product offers multiple term lengths, each with its own guaranteed rate. This allows savers to match their annuity term to retirement timelines or CD ladders.
Does the interest rate remain fixed for the full term?
Yes. Once the contract is issued, the rate does not change for the entire guarantee period. This ensures predictable growth regardless of market conditions.
How is interest compounded?
Interest is compounded annually, which boosts long-term growth across multi-year terms. Accrued interest remains tax-deferred until you withdraw it.
Are withdrawals allowed before the term ends?
Yes, the contract typically offers an annual penalty-free withdrawal feature. Larger withdrawals or surrender before the term ends may result in surrender charges.
Is this annuity good for IRA rollovers?
Yes. Guarantee Plus accepts transfers and rollovers from IRAs and other qualified accounts, similar to the process shown in our IRA-to-annuity transfer guide.
What happens at maturity?
At the end of the guarantee period, you may withdraw the full value without penalty, renew into another term, or transfer funds to another annuity product.
Does this annuity have any market-indexed strategies?
No. Guarantee Plus is a pure MYGA with fixed interest only. There are no index-based crediting options.
Is my principal protected?
Yes. Your premium and credited interest are never affected by market volatility. The MYGA structure guarantees that your value cannot decline due to market movement.
Who is North American Guarantee Plus best suited for?
The annuity is ideal for conservative savers, CD-minded investors, and retirees who want predictable, contractually guaranteed growth without market exposure or complex crediting methods.
About the Author:
Jason Stolz, CLTC, CRPC, is a senior insurance and retirement professional with more than two decades of real-world experience helping individuals, families, and business owners protect their income, assets, and long-term financial stability. As a long-time partner of the nationally licensed independent agency Diversified Insurance Brokers, Jason provides trusted guidance across multiple specialties—including fixed and indexed annuities, long-term care planning, personal and business disability insurance, life insurance solutions, and short-term health coverage. Diversified Insurance Brokers maintains active contracts with over 100 highly rated insurance carriers, ensuring clients have access to a broad and competitive marketplace.
His practical, education-first approach has earned recognition in publications such as VoyageATL, highlighting his commitment to financial clarity and client-focused planning. Drawing on deep product knowledge and years of hands-on field experience, Jason helps clients evaluate carriers, compare strategies, and build retirement and protection plans that are both secure and cost-efficient.
