North American Reviews
2.44 / 5 based on 2 Reviews | Submit Your ReviewSatisfactionClaimsCostBillingService
Company Information2721 North Central Avenue
Phoenix, AZ 85004
(608) 662-1220 (Fax)
Last Updated: 2019-07-18
Company Reviews (2)
Legacy, July, 2013
May be interested in a policy to benefit my family after my demise. Health is good. 82 years old have small "watch only" prostrate cancer and small "watch only" aortic aneurism - neither listed on on line questionnaire, so I checked "heart".
Annuity policy cheating, July, 2019
I have an annuity policy with North American, and it stated it is an index annuity and the return will links to S&P 500 low volatility daily risk control 5%. But after a couple years, I found it is not, they ( North American) subtract an “Index Margin” from the linked index. And each year this “Index Margin” can be changed by them anyway they want, so the linked index is a fake statement, it is a cheating policy. On the illustration, the “Index Margin” is 1.55% and it will not change, but I just found it changes each year, become bigger and bigger, 2016 is 1.55%, 2017 is 2.3%, 2018 is 3.4%, but the index return only about 5%-7% range, after the subtraction, the return rate become nothing. So all the linked index become meaningless. So the “index link” is a misleading.