MYGA Rates Decrease 05/23/2024
NAC Guarantee Plus® rates decrease
Multi-year guarantee annuity (MYGA)
| Surrender charge period1 | New high band | Was | New low band | Was |
|---|---|---|---|---|
| 3-Year | 4.95% | 5.20% | 4.50% | 4.75% |
| 5-Year | 5.15% | 5.40% | 4.90% | 5.15% |
| 7-Year | 5.05% | 5.30% | 4.75% | 5.00% |
High band: $100,000 or more. Low band: Less than $100,000.
7-year rates not available in California and Florida. Rates are subject to change at any time.
NEW BUSINESS GUIDELINES:
The changes above apply to applications signed or submitted through Annuity e-Biz on or after May 23.
1. A surrender during the surrender charge period could result in a loss of premium. The surrender charge and interest adjustment (also known as market value adjustment) may reset with renewal. Surrender charge structures and guarantee periods may vary by state.