Annuity rate data updated daily

Rate data refreshes daily from AdvisorWorld and CANNEX carrier feeds. View current rates

Fixed Indexed Annuity

Income Pay Pro

North American Company

Get my rate report

5%

Best S&P 500 Annual Cap

10%

Free W/D

50

Available jurisdictions

Product data status: July 16, 2026

Rates, state availability, rider terms, and contract language must be confirmed with a licensed financial advisor or insurance professional before purchase. Guarantees are backed by the issuing insurer.

Model this product

See what Income Pay Pro would do for you

Set your numbers and switch between growth, income, and liquidity. Index losses credit 0% — the floor — so a down market never reduces your value.

Product analyzer
Illustrative — live CANNEX rates as of July 16, 2026; not a projection or guarantee.
Crediting strategy
Compare against
$222,695
Est. value at age 80 (Income Pay Pro)
5%
Best S&P 500 1-yr point-to-point cap
S&P 500 Index — 5% Cap (Annual)
✦
How crediting works: the cap limits positive index returns; a down year credits 0%, never a loss. A cap strategy tracks the index within its terms. What is a cap vs participation? →
Assumptions: illustrative — applies Income Pay Pro's published cap rate (5% on S&P 500 Index) to a standard benchmark hypothetical index path (~5.4%/yr average, including down years) with a 0% floor over 20 years. Not a projection, quote, or guarantee. Live CANNEX rates as of July 16, 2026.

Free Comparison Report

Get an Income Pay Pro rate report

See how Income Pay Pro compares for your age, state, premium, and income goals alongside other North American Company fixed indexed annuity options.

Get my rate report

Live rate data

Run live numbers for Income Pay Pro

Current rates, riders, crediting strategies, state availability, and contract facts stay scoped to this North American Company product.

Live product data

Rates as of July 16, 2026, from AdvisorWorld and CANNEX.

GLWB lifetime payout rate

7.2% lifetime payout + 8% roll-up

A ten-year-surrender fixed indexed annuity from an A+ rated North American with a real optional Guaranteed Lifetime Withdrawal Benefit rider available in Level Income and Increasing Income flavors, a published annual free-withdrawal allowance, and a mixed S&P 500 cap and proprietary-index participation menu under the rider.

1.15% annual rider feeAdvisorWorld + CANNEX data

Best fit

Buyers committing to a ten-year surrender who want a contractually published lifetime-income payout rate from a real optional GLWB rider — with a choice between flat (Level) and step-up (Increasing) income designs — backed by an A+ rated carrier.

AM Best

A+ Superior

Surrender period

10 years

Free withdrawal

10%/yr

Availability

50 jurisdictions (excl. New York)

Featured crediting strategies

Index / strategyRate mechanics

S&P 500

S&P 500 Index

monthly sum cap

1.85% cap rate

Monthly sum

1-year term · 10-year surrender · Does not vary by premium

S&P 500

S&P 500 Index

5% cap rate

Annual cap

1-year term · 10-year surrender · Does not vary by premium

S&P 500

S&P 500 Index

25% participation rate

Participation

1-year term · 10-year surrender · Does not vary by premium

S&P 500

S&P 500 Index

35% participation rate

Participation

2-year term · 10-year surrender · Does not vary by premium

Fixed Account

Fixed Account

2.5% declared rate

Fixed account

1-year term · 10-year surrender · Does not vary by premium

+ 12 additional crediting options (S&P MARC, Fidelity Multifactor, Morgan Stanley...)

Lifetime Income Riders

Income rider

Guaranteed Withdrawal Benefit - Option 1/ Income

Lifetime payout rate7.2% lifetime payout
Annual rider fee1.15% annual rider fee
Guaranteed roll-up8%/yr
Interest multiplier2x interest multiplier

Income rider

Guaranteed Withdrawal Benefit - Option 2/ Increasing Income

Lifetime payout rate5.2% lifetime payout
Annual rider fee1.15% annual rider fee
Guaranteed roll-up8%/yr
Interest multiplier2x interest multiplier

Product analyst notes

How to think about this contract

Why it can stand out

  • Lifetime income comes via a real optional Guaranteed Lifetime Withdrawal Benefit rider in two distinct designs — a Level Income variant and an Increasing Income variant — so buyers can choose between a flat lifetime payout and a payout that steps up with index-linked credits.
  • A published annual free-withdrawal allowance is shown on the page alongside the full ten-year surrender ladder, so the schedule of penalty-free liquidity inside the income contract is visible rather than gated behind a sales brochure.
  • Carrier financial-strength is rated by more than one agency on this page, so the strength view sitting behind the lifetime-income guarantee is not a single-source read.
  • Index menu underneath the rider blends a recognizable S&P 500 annual point-to-point cap with multiple participation-rate strategies on proprietary indexes (S&P MARC, Fidelity Multifactor Yield, Morgan Stanley Dynamic Global, Goldman Sachs Equity TimeX, Barclays Transitions) — buyers can choose between like-for-like S&P comparison and higher-participation growth paths to feed the account value.

What to confirm

  • The GLWB rider carries an explicit published annual fee charged against the income base, not the account value — effective cost rises as the income base outgrows the account value, so model the rider through deferral before committing.
  • The Level Income and Increasing Income options publish meaningfully different lifetime payout rates — the Increasing Income variant starts at a lower withdrawal rate in exchange for index-linked step-ups. Compare both designs against your own income-start timeline rather than assuming the higher headline figure applies.
  • The S&P 500 annual cap underneath the rider is a real but conservative cap — the higher participation rates posted on this contract sit on proprietary volatility-controlled indexes, which look strong in absolute terms but are not directly comparable to the S&P 500 cap. Evaluate each strategy on its own merits.
  • The contract carries a ten-year surrender schedule starting in the high single digits in year one and stepping down only late in the schedule. Buyers who may need to exit the contract before electing lifetime income should price the early-exit cost against the rider value before committing principal.

Not ideal for

Buyers who need short-surrender liquidity, a rider-fee-free income mechanism (a Protected Income Value chassis), a plain MYGA-style declared rate without any optional rider, or a contract that delivers its income through built-in PIV rather than a separately-priced GLWB rider.

Free Comparison Report

Get an Income Pay Pro rate report

See how Income Pay Pro compares for your age, state, premium, and income goals alongside other North American Company fixed indexed annuity options.

Get my rate report

All crediting strategies

View rate listings (17 strategies)

These are the current crediting strategies available for this product. Use the filters to narrow by index, term, premium band, or rate type.

Par: 110% · 1-yr

Morgan Stanley Dynamic Global Index

participation

10-yr surrenderDoes not vary by premium

Par: 105% · 1-yr

Fidelity Multifactor Yield Index 5% ER

participation

10-yr surrenderDoes not vary by premium

Par: 100% · 1-yr

S&P MARC 5% Excess Return

participation

10-yr surrenderDoes not vary by premium

Par: 100% · 1-yr

Barclays Transitions 6% Index

participation

10-yr surrenderDoes not vary by premium

Par: 55% · 1-yr

Goldman Sachs Equity TimeX Index

participation

10-yr surrenderDoes not vary by premium

Par: 50% · 1-yr

Barclays Transitions 12% Index

participation

10-yr surrenderDoes not vary by premium

Par: 25% · 1-yr

S&P 500 Index

participation

10-yr surrenderDoes not vary by premium

Cap: 5% · 1-yr

S&P 500 Index

cap

10-yr surrenderDoes not vary by premium

Fixed: 2.5% · 1-yr

Fixed Account

fixed

10-yr surrenderDoes not vary by premium

Cap: 1.85% · 1-yr

S&P 500 Index

monthly_sum_cap

10-yr surrenderDoes not vary by premium

Par: 155% · 2-yr

Fidelity Multifactor Yield Index 5% ER

participation

10-yr surrenderDoes not vary by premium

Par: 155% · 2-yr

Morgan Stanley Dynamic Global Index

participation

10-yr surrenderDoes not vary by premium

Par: 150% · 2-yr

Barclays Transitions 6% Index

participation

10-yr surrenderDoes not vary by premium

Par: 145% · 2-yr

S&P MARC 5% Excess Return

participation

10-yr surrenderDoes not vary by premium

Par: 80% · 2-yr

Goldman Sachs Equity TimeX Index

participation

10-yr surrenderDoes not vary by premium

Par: 75% · 2-yr

Barclays Transitions 12% Index

participation

10-yr surrenderDoes not vary by premium

Par: 35% · 2-yr

S&P 500 Index

participation

10-yr surrenderDoes not vary by premium

Income riders

Income rider

Guaranteed Lifetime Withdrawal Benefit - Option 1/ Level Income

Lifetime withdrawal rate7.2%
Annual rider fee1.15%
Guaranteed roll-up8%/yr
Income multiplier2× multiplier
Deferral assumed10 years

GLWB

Income rider

Guaranteed Lifetime Withdrawal Benefit - Option 2/ Increasing Income

Lifetime withdrawal rate5.2%
Annual rider fee1.15%
Guaranteed roll-up8%/yr
Income multiplier2× multiplier
Deferral assumed10 years

GLWB

Common questions about Income Pay Pro

● Can I lose money in Income Pay Pro?

A negative index return by itself does not reduce the contract's account value: Income Pay Pro credits 0% — the floor — for that indexed period. The account value can still decrease from applicable rider fees, Performance Rate Rider or other strategy charges, administrative charges, withdrawals, surrender charges, or other contract-specific deductions. In years with no credited interest, those deductions can reduce the account value. Up to 10% of your value can be withdrawn each year without a charge; withdrawals above the penalty-free amount during the surrender period can incur a surrender charge.

● Is the Guaranteed Lifetime Withdrawal Benefit - Option 1/ Level Income income rider worth the 1.15% fee?

It depends on whether you will use the guaranteed income. If you are accumulating only, you can skip it. If you want guaranteed lifetime income later, the 8% roll-up and 7.2% withdrawal rate can make it worthwhile — model it in the Income tab of the analyzer above.

● When can I access my money without a surrender charge?

Up to 10% of your account value each year is penalty-free. The scheduled surrender charges run 10 years; after that the surrender-charge schedule ends. Bonus vesting, market value adjustments when applicable, and other contract rules can still affect the amount available. The Liquidity tab of the analyzer shows the year-by-year surrender charge.

● How do Income Pay Pro's crediting strategies compare?

Use "Compare against" in the analyzer to overlay another current Income Pay Pro strategy on the same premium, age, years, and hypothetical index path. The control labels the strategy type, rate, index, and context so caps, participation rates, triggers, spreads, and fixed-account choices are not treated as interchangeable.

Key Features

Free withdrawal

10%/yr

Annual amount that may be available without surrender charges, subject to contract terms.

Surrender waivers

1

RMD waiver

Death benefit

Accumulation Value DB

Beneficiary value depends on contract terms, withdrawals, and rider elections.

Cap-rate floor

0.25%

Minimum guaranteed cap for cap-based indexed strategies.

Fixed account guarantee

0.25%

Guaranteed minimum interest rate for the fixed account.

Participation-rate floor

5.00%

Minimum guaranteed participation rate for participation-rate indexed strategies.

Annuitization options

Single and joint

Contract conversion options should be confirmed before purchase.

Fund types

Non-qualified, Qualified

Availability can vary by state and product terms.

Surrender schedule

Yr 1

9%

Yr 2

8.5%

Yr 3

7.5%

Yr 4

6.5%

Yr 5

5.5%

Yr 6

4.5%

Yr 7

3.5%

Yr 8

3%

Yr 9

2%

Yr 10

1%

After

0%

RMD waiver, Surrender waivers

Documents

product guide

40641Z - Income Pay Pro brochure.pdf

Confidence: highReviewed Apr 9, 2026

Direct link not published — request the document from the carrier.

Carrier Ratings

AM BestA+
S&PA+
S&PA+

Contract notes from product data

Crediting design

How the interest-crediting choices are framed

Income Pay Pro currently shows 17 indexed or fixed crediting options, including S&P 500 Index, with 12 volatility-controlled index options grouped separately. These choices matter because caps, participation rates, fixed accounts, spreads, renewal terms, and fee-bearing rider variants are different mechanics and should not be ranked as one simple rate list.

  • S&P 500 Index: 1.85% monthly cap
  • S&P 500 Index: 5% annual cap
  • S&P 500 Index: 25% annual participation rate
  • S&P 500 Index: 35% 2-year participation rate

Income rider language

What to look for before treating the rider as income

Guaranteed Lifetime Withdrawal Benefit - Option 1/ Level Income is the main income rider listed for this product. Rider terms can affect the tradeoff between future lifetime withdrawals, contract value, beneficiary value, and cost, so the exact state version and rider election should be confirmed before comparing it to annuitization or income-only contracts.

  • 7.2% withdrawal rate
  • 1.15% rider fee
  • 10 deferral years

Liquidity terms

Why access rules deserve as much attention as rates

A fixed indexed annuity can preserve more control than an income-only contract, but access is still governed by the surrender schedule, free-withdrawal terms, and waiver language. Those details are where many product comparisons become more meaningful than a simple rate list.

  • 10%/yr free withdrawal
  • 10 surrender years
  • RMD waiver

Verification note

Use carrier materials as term evidence, then confirm the current version

Carrier materials such as 40641Z - Income Pay Pro brochure.pdf help explain the contract language behind the data on this page; the latest document activity we see is Apr 24, 2026. For the current brochure, rate sheet, or specimen contract, confirm the state-specific version with the carrier or a licensed financial professional.

  • Rates and rider terms can vary by state and issue age
  • Carrier guarantees depend on claims-paying ability
  • Current contract forms should be confirmed before purchase

Free Comparison Report

Get an Income Pay Pro rate report

See how Income Pay Pro compares for your age, state, premium, and income goals alongside other North American Company fixed indexed annuity options.

Get my rate report

Related Resources