North American Company for Life and Health Insurance announces changes to interest rates, lifetime payment percentages, and premium bonus percentages, effective Tuesday, August 26, 2014. Changes include:
- Interest rate increase on most of North American’s fixed index annuities.
- A 4-year MYGA special that includes a 3-percent first-year rate on North American Choice and North American Guarantee Choice II.
- All lifetime payment percentages are increasing by 0.25 percent on the Income Pay Guaranteed Minimum Withdrawal Benefit Rider.
- Changes to the premium bonuses on several products.
Download a rate sheet to see all rates and percentages for North American’s annuity products. Current rates on all annuity products sold through CreativeOne are available using Annuity Solutions PRO, our exclusive product database.
For more information on these changes and the company’s portfolio, call the CreativeOne sales team at 800.992.2642.