MYGA Rates Increase 11/14/2024
| NAC Guarantee Plus® Multi-year guarantee annuity (MYGA) |
|---|
| Surrender charge period1 |
New high band |
Was | New low band |
Was |
| 3-Year | 4.80% | 4.70% | 4.40% | 4.30% |
| 5-Year | 5.05% | 4.90% | 4.80% | 4.65% |
| 7-Year | 5.05% | 4.95% | 4.75% | 4.65% |
| 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. |
NOTE: Updated MYGA rates will be available on our website on Monday, Nov. 18
NEW BUSINESS GUIDELINES
The MYGA changes apply to applications signed or submitted through Annuity e-Biz on or after Nov. 14.
Get full details on new business guidelines including rate hold procedures at North American Company.com/NBguidelines
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.