North American MYGA Rate Increase 12/6/2016

North American Guarantee Choice℠ Multi-Year Guarantee Annuity Rates are decreasing.

 North American Guarantee ChoiceSM Multi-Year Guarantee Annuity Rates are decreasing.

MYGA Rate Decrease

Effective August 2, 2016

North American Guarantee Choice℠ Multi-Year Guarantee Annuity Rates are decreasing.

Surrender Charge Period¹ New High Band Rate Old High Band Rate New Low Band Rate Old Low Band Rate
3-Year 1.50% 1.70% 1.20% 1.40%
4-Year 1.70% 1.90% 1.45% 1.65%
5-Year 2.35% 2.55% 2.10% 2.30%
6-Year 2.10% 2.30% 1.85% 2.05%
7-Year 2.35% 2.55% 2.10% 2.30%
8-Year 2.50% 2.75% 2.30% 2.55%
9-Year 2.60% 2.85% 2.40% 2.65%
10-Year 2.70% 2.95% 2.50% 2.75%

NOTE: New interest rates will apply to applications received in the Home Office on or after August 2, 2016. To receive current rates, get application in before August 2, 2016.

Updated rate sheets will be available on North American’s website by August 2, 2016.

Questions? Call Sales Support today! 888-661-1999

 FOR AGENT USE ONLY. NOT TO BE USED FOR CONSUMER SOLICITATION PURPOSES. Products issued by North American Company for Life and Health Insurance®, West Des Moines, IA. Product features and options may not be available in all states or appropriate for all clients. See product brochures, disclosures and state availability chart for further details, limitations and information on appropriate state variations. The North American Guarantee ChoiceSM is issued on forms NC/NA1000A (certificate/contract) AE515A, AE516A, LR427A, LR433A, LR441A and LR441A-1 (endorsements/riders) or appropriate state variation. 1. A surrender during the surrender charge period could result in a loss of premium. The surrender charge and Interest Adjustment (also known as Market Value Adjustment) reset with renewal. Surrender charge structure may vary by state.