To: North American Annuity Agents and Distribution Partners
Help your clients find the income they need in their retirement!
We’re excited to announce the new Income Pay® Plus optional Guaranteed Lifetime Withdrawal Benefit (GLWB) rider coming December 1, 2015 that offers a unique income solution1 that can help your clients with their retirement needs.
Income Pay Plus
6.25% Roll-Up for 10 Years
Penalty-Free Withdrawal Friendly Roll-Up2
NEW Lifetime Payment Amount (LPA) Options (level or increasing)
NEW LPA Reserve
Built-in Nursing Home Multiplier3
Rider Available on Certain Fixed Index Annuities for a Charge (click here for product availability).
REQUIRED TRAINING – Get your training done now!
Training for the new rider is available directly at RegEd by product. Once you’ve taken the training for the rider under one product you’ve satisfied the rider training requirement. If you have not yet registered on RegEd, click here for registration instructions.
1) login in to RegEd
2) Select one of the annuity products applicable for the rider
3) Complete training for that product
NOTE: Once complete, the new rider training is satisfied and will automatically update other applicable product modules within 48 hours; no need to take other product modules to satisfy the new rider training.
Important: In an NAIC state, we are required to withdraw annuity new business applications if the product training is not completed prior to solicitation. Click here for rules by state.
Income Pay Plus Brochure
Income Pay Plus Brochure – TX
New Election Form
Required for Applications Received 12-1-15 and After
Election & Disclosure Form
Election & Disclosure Form – NC
Election & Disclosure Form – IL (No Multiplier)
Product Availability For Income Pay Plus
State Availability Chart
REMINDER: With the release of the Income Pay Plus, the Income Pay, optional Guaranteed Minimum Withdrawal Benefit rider, will be discontinued in states where the new rider is approved. Applications for the current Income Pay rider must be received on or before November 30, 2015 and contracts must be made effective by December 31, 2015. Applications received on December 1, 2015 or after with Income Pay, will not be accepted.
New materials will be available through our regular supply order process and on our website on December 1, 2015 at www.NorthAmericanCompany.com.
Sales Support Team @ Transpacific Financial Inc.