North American – Increased Cap, Participation, and Premium Deposit Agreement Rates

 

Increased Cap, Participation

North American is enduring strength and stability allow them to continually evaluate new opportunities to deliver more value to their distribution partners and customers. As a result, they are excited to announce that they will be raising cap and participation rates for several index options on new business and in-force policies for Builder Plus IUL 3, as well as many of our previously marketed indexed universal life (IUL) insurance products.

 

[fivo_docs title=”North American – Increased cap and participation rates ” ids=”6092″]

 

Increased Premium Deposit Agreement interest rate

Effective November 1, 2022, the interest rate on the Premium Deposit Agreement in the Premium Deposit Account will change from 2.00% to 2.50%. This applies to new premium deposits paid into an existing Premium Deposit Agreement and new Premium Deposit Agreements established at the policy issue.

 

[fivo_docs title=”North American – Increased Premium Deposit Agreement interest rate” ids=”6094″]

 

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