North American Announces SPIA Rate Increase

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North American Announces SPIA Rate Increase

North American Income®, single premium immediate annuity (SPIA), rates increase on most payouts effective May 12, 2020

Sample monthly payout factors based on $100,000 premium are shown below.

  • 10-year
    period certain:
    $893.00

  • Single Life &
    10-year period certain,
    65 year-old male:
    $478.74

  • 20-year
    period certain:
    $515.00

  • Single Life &
    10-year period certain,
    65 year-old female:
    $455.57

Rates are subject to change at any time. Assumes monthly payment at the end of the month and does not include any applicable state premium tax. Review the Quick Reference and New Business Guidelines today. To get help with new illustrations or for more information, call 800-568-5667 or email us at [email protected]

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