North American MYGA Rate Increase 12/6/2016

North American MYGA Rate Increase 12/6/2016

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North American MYGA Rate Increase 12/6/2016

 North American MYGA Rate Increase 12/6/2016
  MYGA interest rate increase effective December 6, 2016

North American Guarantee ChoiceSM Multi-Year Guarantee Annuity (MYGA) interest rates are increasing as follows:

 

  
 
Surrender Charge Period1 New High Band Rate Old High Band Rate New Low Band Rate Old Low Band Rate
3-Year 1.60% 1.30% 1.30% 1.00%
4-Year 1.80% 1.50% 1.55% 1.25%
5-Year 2.45% 2.25% 2.20% 2.00%
6-Year 2.20% 1.90% 1.95% 1.65%
7-Year 2.45% 2.15% 2.20% 1.90%
8-Year 2.60% 2.30% 2.40% 2.10%
9-Year 2.70% 2.40% 2.50% 2.20%
10-Year 2.80% 2.50% 2.60% 2.30%
 
  Updated rate sheets will be available on website by December 6, 2016.  
 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). 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.