Effective July 3, North American will implement changes to the Bonus Credit on options two and three of the Income Pay income rider. On option two (Reset Opportunity upon Step-Up), the Bonus Credit will decrease from 7.00% to 6.50%. On option three (Bonus Credit for 10 Years with Option to Extend), the Bonus Credit will decrease from 6.75% to 6.25%. Contact your Sales Consultant for details. 800.992.2642
June 2012 - Creative Edge
Great American Rider Changes
Effective June 25, several changes will be made to Great American’s IncomeSecure and IncomeSustainer Plus income riders. For the IncomeSecure, the roll-up period will change from 7 to 10 years, and the payment percentage will decrease 0.50% for each age. For the IncomeSustainer Plus, the roll-up will decrease from 10% to 8%, the roll-up period will change from 12 to 10 years and the payment percentage will decrease 0.50% for each age. Call your Sales Consultant for more information. 800.992.2642
Fg Annuity Product Changes
Effective July 1, Fidelity & Guaranty Life will make several changes to multiple product lines. Commissions and bonus vesting amounts will change for the Prosperity Elite series, commissions and the removal of trail commissions will occur on the AccumulatorPlus series, and the Index-Choice 9 will experience reduced comp and removal of trail and PTO comp options. All products will see a reduced GMWB payout schedule. For business transition rules and an updated rate sheet, contact your Sales Consultant. 800.992.2642
