Wednesday, April 1, 2015

MYGA Interest Rate Update

 

 

North American

 

 

FIELD MEMO

 

 

 

Date: April 1, 2015

To: North American Company for Life and Health Insurance® Annuity Agents

RE: Multi-Year Guarantee Annuity (MYGA) Rates Decrease Effective April 8, 2015

MYGA Interest Rate Decrease Effective April 8, 2015

Effective April 8, 2015, interest rates are decreasing on the North American Guarantee ChoiceSM and North American Guarantee Choice II MYGAs; specifically the 5, 8, 9 and 10-year surrender charge periods.1

New rates are being finalized and will be complete in the next few days. Watch your email for a rate announcement with the updated rates.

  • New interest rates will apply to applications received in the Home Office on or after April 8, 2015.
  • To receive current interest rates, original applications must be received in the Home Office on or before April 7, 2015.
  • Note: USPS does not guarantee next day delivery, please be aware when selecting your postal carrier.

Faxed applications will NOT be accepted to hold rates.

Call Sales Support Today!
866-322-7066
Or, email us at nannuities@sfgmembers.com

 

 

 

FOR AGENT USE ONLY. NOT TO BE USED FOR CONSUMER SOLICITATION PURPOSES.
These products are issued by North American Company for Life and Health Insurance®. Product features and riders may not be available in all states or appropriate for all clients. 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. The North American Guarantee ChoiceSM II is issued on ICC12-NA1002A (individual contract), ICC12-AE539A, ICC12-LR385A, ICC12-LR356A and ICC12-LR357A (endorsements/riders). 1. A surrender during the surrender charge period could result in a loss of premium. Surrender charge structure may vary by state.

21706Z-HTML REV 4-15

 

 

 

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North American Annuity Service Center
4350 Westown Parkway | West Des Moines, IA 50266

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