Cap & Participation Rates for Indexed Universal Life Policies

Transcription

1 Cap & Participation Rates for ed Universal Life Policies Upcoming Changes to Cap and Participation Rates as well as Maximum Illustrated Rates for Currently Marketed Products: Builder IUL 7, Rapid Builder IUL 3, Guarantee Builder IUL 3, Survivorship GIUL and Non-Marketed Products: Builder IUL 1-6, Rapid Builder IUL 1-2, and Guarantee Builder IUL 1-2. The following index Cap and Participation Rates as well as Maximum Illustrated Rates go into effect October 8, 2016 for the products listed below. The money must be received and applied to the policy by October 7, 2016 in order to receive the higher cap or par rate. Note that not all rates are changing at this time. The rates that are changing are highlighted below. Currently Marketed Products* Guarantee Builder IUL 3 and Builder IUL 7 Effective for Periods that start on/after October 8, S&P 500 PtP 100% 12.50% 7.09% S&P 500 Mthly PtP 100% 3.25% 5.42% S&P 500 Dly Avg 97.50% None 5.79% Average TM PtP 100% 10.50% 5.77% Average TM Dly Avg 97.50% None 5.60% NASDAQ 100 PtP 100% 9.50% 6.72% S&P MidCap 400 PtP 100% 9.50% 6.82% S&P MidCap 400 Dly Avg 77.50% None 5.89% Russell 2000 PtP 100% 9.50% 5.98% Russell 2000 Dly Avg 77.50% None 5.64% EURO STOXX 50 PtP 100% 11.50% 6.56% Multi PtP 100% 9.00% 6.25% Uncapped S&P 500 PtP 52.50% None 5.97%

2 Rapid Builder IUL 3 Effective for Periods that start on/after October 8, S&P 500 PtP 100% 11.50% 6.69% S&P 500 Mthly PtP 100% 3.00% 4.91% S&P 500 Dly Avg 92.50% None 5.50% Average TM Dly Avg 92.50% None 5.32% S&P MidCap 400 Dly Avg 72.50% None 5.52% Russell 2000 Dly Avg 72.50% None 5.28% EURO STOXX 50 PtP 100% 10.50% 6.11% Multi PtP 100% 8.00% 5.63% Uncapped S&P 500 PtP 47.50% None 5.42% Survivorship GIUL Effective for Periods that start on/after October 8, S&P 500 PtP 100% 12.00% 6.89% S&P 500 Mthly PtP 100% 2.60% 4.06% S&P 500 Dly Avg 95.00% None 5.65% Average TM Dly Avg 95.00% None 5.46% S&P MidCap 400 Dly Avg 75.00% None 5.71% Russell 2000 Dly Avg 75.00% None 5.46%

3 EURO STOXX 50 PtP 100% 11.00% 6.34% Multi PtP 100% 8.00% 5.63% Uncapped S&P 500 PtP 50.00% None 5.70% Non-Marketed Products* Rapid Builder IUL 2 and Guarantee Builder IUL 2 Effective for Periods that start on/after October 8, S&P 500 PtP 100% 11.50% 6.69% S&P 500 Mthly PtP 100% 2.50% 3.84% S&P 500 Dly Avg 92.50% None 5.50% Average TM PtP 100% 9.00% 5.13% Average TM Dly Avg 92.50% None 5.32% NASDAQ 100 PtP 100% 8.00% 5.78% S&P MidCap 400 PtP 100% 8.00% 5.87% S&P MidCap 400 Dly Avg 72.50% None 5.52% Russell 2000 PtP 100% 8.00% 5.16% Russell 2000 Dly Avg 72.50% None 5.28% EURO STOXX 50 PtP 100% 10.50% 6.11% Multi PtP 100% 7.50% 5.31% Uncapped S&P 500 PtP 47.50% None 5.42% Builder IUL 1-6, Guarantee Builder, and Rapid Builder Effective for Periods that start on/after October 8, S&P 500 PtP 100% 12.00% 6.89% S&P 500 Mthly PtP 100% 2.60% 4.06% S&P 500 Dly Avg 95.00% None 5.65%

4 Average TM Dly Avg 95.00% None 5.46% S&P MidCap 400 Dly Avg 75.00% None 5.71% Russell 2000 Dly Avg 75.00% None 5.46% EURO STOXX 50 PtP 100% 11.00% 6.34% Multi PtP 100% 8.00% 5.63% Uncapped S&P 500 PtP 50.00% None 5.70% Illustration Software An updated version of the NACIS illustration software will be available for download on September 27, This version will contain the new cap, participation and maximum illustrated rates. More Information For further information on these changes, please contact Sales Development at Ext or THE STANDARD & POOR'S 500 COMPOSITE STOCK PRICE INDEX; THE STANDARD & POOR'S MIDCAP 400 COMPOSITE STOCK PRICE INDEX; and THE DOW JONES INDUSTRIAL AVERAGE TM (DJIA ) COMPOSITE STOCK PRICE INDEX. These Indices do not include dividends paid by the underlying companies. The S&P 500, S&P MidCap 400 and DJIA Indices ( Indices ) are products of S&P Dow Jones Indices LLC or its affiliates ( SPDJI ) and have been licensed for use by North American Company for Life and Health Insurance. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC ( S&P ); Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC ( Dow Jones ); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by North American Company for Life and Health Insurance. The product is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, or their respective affiliates and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the Indices. The EURO STOXX 50 is the intellectual property of (including registered trademarks) STOXX Limited, Zurich, Switzerland and/or its licensors ("Licensors"), which is used under license. The Accounts for this Product based on the are in no way sponsored, endorsed, sold or promoted by STOXX and its Licensors and neither of the Licensors shall have any liability with respect thereto. The NASDAQ-100, NASDAQ-100 INDEX and NASDAQ are registered marks of the NASDAQ Stock Market Inc. (which with its affiliates are the Corporations ) and are licensed for use by North American Company for Life and Health Insurance. This product has not been passed on by the Corporations as to their legality or suitability. This product is not issued, endorsed, sold or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THIS PRODUCT. THIS INDEX DOES NOT INCLUDE DIVIDENDS PAID BY THE UNDERLYING COMPANIES. Russell 2000 is a trademark of Russell Investments, and has been licensed for use by North American. The products are not sponsored, endorsed, sold or promoted by Russell Investments and Russell Investments makes no representation regarding the advisability of purchasing this life insurance contract. The Uncapped S&P 500 option allows an unlimited return with no index cap rate, but applies an index participation rate less than 100% to the growth rate of the S&P 500.

5 North American's indexed Universal Life products are not sponsored, endorsed, sold or promoted by the S&P 500, S&P MidCap 400, DJIA, EURO STOXX 50, NASDAQ-100 and Russell 2000, and they make no representation regarding the advisability of purchasing this contract or investing in this product These ed Universal Life products are not an investment in the market or in the applicable index and are subject to all policy fees and charges normally associated with most universal life insurance. Builder IUL Gen 6 (policy form series LS172), Builder IUL Gen 1-5 (policy form series LS161A), Guarantee Builder IUL Gen 3 (policy form series LS175), Guarantee Builder IUL Gen 1-2 (policy form series LS164A), Rapid Builder IUL Gen 1-2 (policy form series LS169), Rapid Builder IUL Gen 3 (policy form series LS176/LS176W with Waiver of Surrender Charge), and Survivorship GIUL (policy form series LS171/LS171W with Waiver of Surrender Charge) are issued by North American Company for Life and Health Insurance, Administrative Office, Sioux Falls, SD Products, features, riders, endorsement or issue ages may not be available in all jurisdictions. Restrictions or limitations may apply.