North American – Guarantee Choice Product Changes
Effective April 10, 2017The North American Guarantee Choice multi-year guarantee annuity (MYGA) will change as follows: | |
NEW Name | North American Guarantee Choice II (from North American Guarantee Choice) |
Updated SCs | Updated surrender charge schedule1 (excluding CA, CT, FL) |
No MGCV | Minimum Guaranteed Contract Value (MGCV) discontinued |
State Variation Notes: * California: No surrender charge change * Connecticut: The 6- through 10-year surrender charge periods no longer available, no surrender charge change * Florida: No surrender charge change |