Effective August 18, the North American Guarantee Choice 3 and 7 MYGA rates are decreasing:
- The MYGA 3-year rate decreases by 0.30%
- The MYGA 7-year rate decreases by 0.40%
IMPORTANT: All NA MYGA applications must be submitted through Annuity e-App (since April 7, 2020).
New Business Guidelines:
To receive the previous 3-year and 7-year rate special, applications must be signed before August 18.
For their rate hold, North American compares the date the application was signed and the date the funds are received (if received within the rate hold period). Your client will receive the more favorable rate between the two. If the rate hold no longer applies, the client will receive the current interest rate at the time the contract is issued.