North American – Increased Cap, Participation, and Premium Deposit Agreement Rates
- October 21, 2022
- Carrier News, Life Insurance, North American
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.
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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.
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- October 21, 2022
- Benkis Barrueta
- Carrier News, Life Insurance, North American
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