Rates decrease (margins increase) across the board, premium bonus and LPPs decrease

Economic environment impacting rates

As we and other carriers weather this extraordinary, and rapidly-declining low-rate environment, we must make the following changes to our product portfolio:

Rate changes effective Sept. 10

Fixed index annuity product changes
effective Sept. 24

  • North American Charter® Plus 10 high-band premium bonus changing from 7% to 6%; low-band from 5% to 4%1 (NO CHANGE on the 14-year 10% premium bonus)1
  • Performance Choice® 8 Plus premium bonus changing from 3% to 2%
  • Performance Choice 12 Plus premium bonus changing from 3% to 2%
    (for North Dakota from 5% to 2%)
  • Performance Choice minimum premium increasing to $20,000 (qualified and non-qualified)
  • NAC IncomeChoice®, NAC BenefitSolutions®, and Strategic Design AnnuitySM X lifetime payment percentages (LPPs) decrease

Watch your email for updated materials coming soon

New business guidelines:

  • To receive current interest rates, applications must be received in the Home Office by 5 p.m. (Central Time) Sept. 9 or submitted through e-App before 12 a.m. (Central Time) Sept. 10.
  • For multi-year guarantee annuities, the same applies but for signed date rather than received date.
  • To receive current minimum premium, LPPs and premium bonuses, applications must be received in the Home Office by 5 p.m. (Central Time) Sept. 23 or submitted through e-App before 12 a.m. (Central Time) Sept. 24.

Questions? Call Sales Support at 866-322-7066. NorthAmericanCompany.com


FOR FINANCIAL PROFESSIONAL USE ONLY. NOT TO BE USED FOR CONSUMER SOLICITATION PURPOSES.

Insurance products issued by North American Company for Life and Health Insurance®, West Des Moines, Iowa. Product and features/options may not be available in all states or appropriate for all clients. See product materials and state availability chart for further details, specific features/options, and limitations by product and state.
1. Premium bonus may vary by annuity product, premium band and surrender charge period selected and may be subject to a premium bonus recapture. Products that have premium bonuses may offer lower credited interest rates, lower index cap rates, lower participation rates and/or greater index margins than products that don’t offer a premium bonus. Over time and under certain scenarios the amount of the premium bonus may be offset by the lower credited interest rates, lower index cap rates, lower participation rates and/or greater index margins.
Contract numbers: North American Charter® Plus | Performance Choice® | NAC IncomeChoice® | NAC BenefitSolutions® | Strategic Design AnnuitySM X®

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North American Company for Life and Health Insurance®
4350 Westown Parkway, West Des Moines, IA 50266