North American Income Pay Pro Fixed Indexed Annuity – Guaranteed Income with Long-Term Care Support
Lifetime Income and Long-Term Care Support, All in One Annuity
At Diversified Insurance Brokers, we specialize in helping individuals secure guaranteed lifetime income, tax-deferred growth, and market protection through the right annuity solutions. The North American Income Pay Pro Fixed Indexed Annuity, issued by North American Insurance Company for Life and Health, is designed to provide reliable retirement income along with enhanced benefits for long-term care needs.
This annuity is ideal for individuals looking for a secure, flexible income stream that can adapt to future health challenges—all while protecting your savings from market volatility.
Ensure you are receiving the absolute top rates
Current Fixed Annuity Rates
Compare today’s best fixed annuity rates from top carriers.
Current Bonus Annuity Rates
See which annuities offer the highest upfront bonus today.
Request an Annuity Quote
Submit our annuity request form to get personalized rate options.
Lifetime Income Calculator
Use our calculator to see how much guaranteed income your annuity can provide.
8% Income Base Roll-Up for 10 Years
The built-in Guaranteed Lifetime Withdrawal Benefit (GLWB) grows your Income Benefit Base annually for up to 10 years or until income begins. This means your future retirement income is building behind the scenes—even if the market stays flat.
Lifetime Income You Can Count On
When you activate income, the annuity guarantees payouts for life—even if your actual account value is depleted. This helps create financial certainty and peace of mind throughout retirement.
Nursing Home Multiplier Benefit
If long-term care needs arise, the Income Pay Pro includes a powerful Nursing Home Multiplier, which can double your income withdrawals for up to five years—providing added support during a critical time without requiring separate long-term care insurance.
Spousal Continuation Option
If one spouse passes away, the surviving spouse can continue the contract and retain the benefits—ensuring the plan you’ve built carries on without disruption.
Tax-Deferred Growth with Downside Protection
Your funds grow tax-deferred and are never at risk due to market downturns. A range of index crediting strategies lets your money grow with market-linked potential, while your principal stays protected.
Penalty-Free Access to Funds
Starting in year two, you can withdraw up to 10% of your contract value annually without penalty, offering flexibility for unexpected expenses or supplemental income.
📄 Click here to request your personalized annuity quote
Let Our Advisors Help You Secure Your Retirement Future
At Diversified Insurance Brokers, our advisors specialize in retirement income strategies that balance security, growth, and flexibility. The North American Income Pay Pro Fixed Indexed Annuity is a top choice for those seeking guaranteed income and built-in protection for long-term care needs.
If you’re exploring annuity options or want expert guidance on retirement income planning, our team is ready to help.
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.
Schedule here:
calendly.com/jason-dibcompanies/diversified-quotes
Licensed in all 50 states • Fiduciary, family-owned since 1980
FAQs: North American Income Pay Pro
What is North American Income Pay Pro?
North American Income Pay Pro is an optional lifetime income feature available on certain fixed indexed annuities from North American. It is designed to provide predictable income you cannot outlive, while still allowing your account value to grow based on the annuity’s underlying crediting strategies.
How does the Income Pay Pro rider generally work?
In general, the rider tracks a separate “benefit base” that is used only to calculate your lifetime income. That benefit base may increase over time according to the rider’s rules. When you start income, the company applies a payout percentage to the benefit base to determine your annual lifetime withdrawal amount, subject to the terms of the contract.
Who is Income Pay Pro typically designed for?
This type of rider is usually designed for retirees or pre-retirees who want:
- A predictable income stream in retirement
- Protection from market losses on their annuity principal
- Income that can last for life, with options for a spouse in many cases
It may be less suitable for investors who want full liquidity or are focused solely on short-term growth.
What income options may be available with Income Pay Pro?
While options vary by product version and state, many income riders offer:
- Single lifetime income
- Joint lifetime income for two spouses
- Flexible start dates after a minimum deferral period
The specific features, age ranges, and payout factors depend on the current product brochure and contract language.
Can the rider be added later, or must it be chosen at issue?
Some income riders must be elected when the annuity is first issued, while others may allow election later, subject to age and product rules. Whether North American Income Pay Pro can be added later depends on the specific annuity version and state approval. A licensed professional should confirm what is available at the time of application.
How do withdrawals affect the benefit base and income?
Taking withdrawals before or after income begins can reduce the benefit base and future income. Many riders treat withdrawals above the allowed annual amount as “excess” withdrawals, which can proportionally reduce the benefit base or even terminate the rider. It is important to understand the withdrawal rules before taking money from the contract.
What are the main trade-offs with an income rider like Income Pay Pro?
Common trade-offs for income riders can include:
- Additional rider charges deducted from the annuity’s value
- Limited liquidity due to surrender schedules and income rules
- Potentially lower growth compared with products that do not offer guarantees
In exchange, you receive contractual lifetime income guarantees and more predictable retirement cash flow.
How is income from North American Income Pay Pro taxed?
Generally, income from a tax-deferred annuity is taxed as ordinary income when paid out, regardless of the rider. If the annuity is inside an IRA or other qualified plan, distributions typically follow retirement-account tax rules. Non-qualified contracts may use an exclusion ratio until the cost basis has been recovered. Clients should consult a tax professional about their specific situation.
How can I compare Income Pay Pro with other income annuity options?
The best way to compare is to review side-by-side illustrations that show:
- Guaranteed income at different start ages
- Rider charges and surrender schedules
- Spousal benefits and death benefit provisions
An independent advisor can show how North American Income Pay Pro compares with other income riders and traditional income annuities.
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.
