North American VersaChoice 10 – Flexible Growth and Enhanced Liquidity Protection
At Diversified Insurance Brokers, we specialize in helping individuals secure customized annuity solutions designed for growth potential, flexibility, and long-term financial security. The North American VersaChoice 10 Fixed Indexed Annuity, issued by North American Company for Life and Health Insurance, delivers a unique combination of enhanced access to funds, smart crediting strategies, and guaranteed principal protection.
For those nearing or entering retirement, this annuity offers a strong balance between control, protection, and optional lifetime income features.
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Smart Growth with Market Protection
VersaChoice 10 includes a wide range of index crediting strategies that allow your funds to grow with market potential while avoiding downside risk. Strategies include:
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S&P 500 Index
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Fidelity Multifactor Yield Index 5% ER
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Morgan Stanley Dynamic Global Index
These options offer flexibility in how your money earns interest while protecting you with a 0% floor—so you’ll never lose value due to market declines.
Enhanced Liquidity and Return of Premium
One of the hallmark features of VersaChoice 10 is the Enhanced Liquidity Benefit (ELB) Rider. With the ELB:
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You can access up to 20% penalty-free each year starting in year two
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You’re eligible for a return of premium, giving you peace of mind if plans change
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There are no rider fees if you never use the benefits
This feature is ideal for clients who value flexibility without sacrificing the benefits of long-term growth.
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Built-In Protection Benefits
VersaChoice 10 is designed with your real-life needs in mind. Key provisions include:
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Activity of Daily Living (ADL) payout enhancements if care needs arise
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Annual crediting resets to lock in interest gains annually
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True-up feature that ensures strategy fees never exceed earned interest
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Guaranteed death benefit, providing the full accumulation value to beneficiaries—no surrender charges deducted
Who It’s Good For
This annuity is ideal for individuals who want long-term security and flexible access to their money. It’s especially beneficial for:
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Pre-retirees looking to roll over a 401(k), IRA, or other retirement account
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Individuals who want access to funds in the event of illness or changing circumstances
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Those seeking a return of premium guarantee as a safeguard
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Anyone who wants market-linked growth without downside risk
Rollovers Welcome
You can roll over eligible retirement accounts—such as a traditional IRA, Roth IRA, or 401(k)—into the VersaChoice 10, making it a powerful option for retirement income planning.
Financial Strength You Can Count On
Backed by North American Company for Life and Health Insurance, a long-standing, financially strong carrier, this annuity brings stability and reliability to your long-term financial strategy.
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 VersaChoice 10 Annuity
What is the VersaChoice 10 annuity?
VersaChoice 10 is a fixed deferred annuity with a 10-year guarantee period, designed for those seeking a stable, long-term accumulation vehicle with predictable interest growth and downside protection.
How is interest credited?
The contract credits a fixed interest rate declared at issue for the full 10-year period. That rate remains unchanged regardless of market conditions.
Is my principal protected?
Yes. VersaChoice 10 guarantees principal and credited interest for the term, meaning your account value is insulated from stock market volatility.
Are penalty-free withdrawals allowed?
Most versions allow an annual penalty-free withdrawal of a portion of the account value—often up to 10%—after the first contract year. Withdrawals beyond that may trigger surrender charges.
Does VersaChoice 10 include a Market Value Adjustment (MVA)?
Some versions may have an MVA, which can adjust surrender value up or down if you withdraw early based on interest rate changes since policy issue.
Can I use this annuity with retirement funds (IRAs, rollovers)?
Yes. VersaChoice 10 can often be funded with qualified retirement assets or with non-qualified savings, depending on your needs and account eligibility.
What happens when the 10-year term ends?
At maturity, you can withdraw the full account value without surrender charges, renew into a new term, or roll the funds into another annuity or retirement vehicle. You’ll be notified beforehand with your options.
Is there any ongoing policy fee?
No. VersaChoice 10 does not charge ongoing annual fees — the main costs apply only if you access funds early beyond the allowed free withdrawals.
Who is VersaChoice 10 best suited for?
This annuity is ideal for conservative savers and retirees wanting a long-term, low-risk accumulation solution, predictable growth, and guaranteed principal protection over a decade.
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.
