MYGA Rates Increase Effective 04/16/2024
NAC Guarantee Plus®
Multi-year guarantee annuity (MYGA)
| Surrender charge period1 | New high band | Was | New low band | Was |
|---|---|---|---|---|
| 3-Year | 5.10% | 4.90% | 4.65% | 4.45% |
| 5-Year | 5.30% | 5.20% | 5.05% | 4.95% |
| 7-Year | 5.20% | 5.00% | 4.90% | 4.70% |
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.
NEW BUSINESS GUIDELINES
The MYGA changes apply to applications signed or submitted through Annuity e-Biz on or after April 16.
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.