Updated Cap, Illustrated Rates and PDA Interest Rate Effective 06/28/21

North American believes in providing competitive products along with long-term value and stability. As we are committed to upholding these promises, we continue to evaluate our products and rates to ensure they are aligned with this long-term focus. Please be advised that we will soon be making adjustments to the cap and maximum illustrated rates for the following currently marketed products:

• Builder Plus IUL® 2
• Protection Builder IUL
• Smart Builder IUL®

Please note, the cap and illustrated rate changes do not impact the Builder Plus IUL® 3 (Refer to field bulletin 352NB for Builder Plus IUL 3 availability).

For these products to receive the current rates, ALL monies must be placed into the index accounts with an effective date ON OR BEFORE June 25, 2021. All monies with an effective date on or after June 28, 2021, will receive the new rates as outlined in the tables on page two of the field bulletin.