North American – Guarantee Choice Product Changes

Effective April 10, 2017

The 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

Posted in Bulletins.