North American’s life insurance offers accelerated death benefit endorsements* that may allow clients to access a portion of the death benefit if they face a qualifying illness. Join Tom Martin for a practical walkthrough of how these benefits work and how to present them clearly in client meetings.
*Subject to eligibility requirements. An administration fee is required at time of election of an accelerated death benefit. The death benefit amount will be reduced by the accelerated death benefit amount. Since benefits are paid prior to death, a discount will be applied to the death benefit amount accelerated. As a result, the actual amount received will be less than the amount of death benefit amount accelerated. Life expectancy and other factors are assessed in determining the amount of any benefit that may be payable. A minimum impact to life expectancy or another factor may result in little or no benefit being payable.
North American’s life insurance offers accelerated death benefit endorsements* that may allow clients to access a portion of the death benefit if they face a qualifying illness. Join Tom Martin for a practical walkthrough of how these benefits work and how to present them clearly in client meetings.
*Subject to eligibility requirements. An administration fee is required at time of election of an accelerated death benefit. The death benefit amount will be reduced by the accelerated death benefit amount. Since benefits are paid prior to death, a discount will be applied to the death benefit amount accelerated. As a result, the actual amount received will be less than the amount of death benefit amount accelerated. Life expectancy and other factors are assessed in determining the amount of any benefit that may be payable. A minimum impact to life expectancy or another factor may result in little or no benefit being payable.