Increased Cap and Participation Rates Effective 11/01/22

North American’s enduring strength and stability allows us to continually evaluate new opportunities to deliver
more value to our distribution partners and customers. As a result, we are excited to announce that we will be
raising cap and participation rates for several index options on new business and inforce policies for Builder Plus
IUL® 3, as well as many of our previously marketed indexed universal life (IUL) insurance products.