Attention - North American Company Makes Interest Rate Changes and Announces Product Suspensions

North American Company annouced today that they will be making interest rate changes and suspending some of their products. Product and the GMDB Rider suspensions will be effective February 24, 2012. Interest rates will also be changed effective February 24, 2012, please click here for the updated rates. Commissions and Premium Bonus reductions will be effective March 12, 2012.

The products that will no longer be available include:

North American will also be temporarily suspending the GMDB rider effective February 24, 2012.

The Premium Bonuses will be reduced by the following effective March 12, 2012:

North American Company will be reducing commissions effective March 12, 2012. Please refer to the updated commission schedule on March 12, 2012 for more details.

Please click here to read the full announcement from North American Company or call First Annuity at (888) 758-7305.

New Business Guidelines and Materials:
The interest rates, product and rider availability changes will apply to applications received in the Home Office on or after February 24, 2012. Note: NAC will accept faxed applications to hold previous rates or products if the application is faxed into the home office on Thursday, February 23, 2012. Originals must be received in the home office Friday, February 24, 2012 by 12:30 pm CST. No exceptions will be allowed. Fax to: 866-322-7073. (NOTE: USPS does not guarantee next day delivery, please be aware when selecting your postal carrier.

North American will also reduce commissions on North American Pillar effective March 12, 2012. Please refer to your updated commission schedule available on March 12, 2012 for details.