Whether your clients own a large company or a small family-operated business, the success of any business depends on smart strategy and planning. North American Company offers business solutions to help ensure that all the effort and money invested in a business won’t disappear when the unexpected happens. Use one of North American’s products to protect your clients from:

• Unintended or unwelcome transfers of ownership
• Heirs being stuck with an inheritance they can’t use
• Unsecured funding of the transfer of ownership of the business
• Lengthy probate courts and lawsuits

North American’s leading-edge product portfolio has the competitive performance and compensation you’re looking for in a buy-sell business solution. With Term, Universal Life Insurance and Indexed Universal Life Insurance, we may have a product to fit your client’s needs.

For death benefit protection and the potential to earn significant cash value in the early policy years, try Rapid Builder IUL indexed universal life insurance:

• Short-term cash value accumulation
• No premium load
• Waiver of Surrender Charge¹ Option with table shaving component²
• Return of Premium death benefit option
• Interest bonus on both the index account and the fixed account³
• Chronic Illness Accelerated Benefit Rider allows for access to a portion of the death benefit if the insured becomes chronically ill (which could trigger the buy-sell agreement)

And for the same protection needs and potential for cash value growth with a universal life insurance product, try Custom GrowthCV:

• Waiver of Surrender Charge Option¹ with table shaving component²
• Premium Bonus: non-guaranteed; payable in years 11-15⁴
• Interest Bonus: conditionally guaranteed at 1% in years 11-20 and 1.5% in years 21+³
• Chronic Illness Accelerated Benefit Rider allows for access to a portion of the death benefit if a chronic illness triggers the buy-sell agreement

Today, more than ever, guarantees are important. With North American’s Custom Guarantee universal life insurance plan, what you buy today is what we’ll deliver when it’s needed.

• Permanent life protection – even up to age 120⁵
• Low-cost protection with low face amounts starting at $25,000
• Guaranteed Exchange Privilege⁶ allows a client to exchange to a cash-value accumulation universal life product
• Chronic Illness Accelerated Benefit Rider allows for access a portion of the death benefit if the insured becomes chronically ill (which could trigger the buy-sell agreement)

North American’s Builder IUL offers death benefit protection while building significant cash value for clients to use to help fund a buy-sell situation.

• If death benefit funds aren’t needed, cash value can provide a possible exit strategy, for example if an owner becomes unable to continue to run the business
• Potential supplemental retirement money
• An increasing death benefit option, which may grow along with a growing business to help ensure to complete the buy-sell agreement
• Chronic Illness Accelerated Benefit Endorsement – allows for access a portion of the death benefit if the insured becomes chronically or terminally ill (which could trigger the buy-sell agreement)

If a simple low-cost solution is what your clients are looking for, look no further than ADDvantage Term life insurance.

• Very low-cost product for businesses on a budget
• Level payments for 10, 15, 20, and 30 year periods⁷
• Ability to convert to a permanent policy should your client’s needs change

1. Available for an additional charge per $1,000 per month, depending on issue age and underwriting class.
2. When a person applies for life insurance coverage, his or her health is evaluated and a corresponding underwriting rating is applied. This product’s table shaving features allow certain substandard underwriting rates (known as “table ratings”) to be improved to a “standard” rating. A “standard” rating generally indicates average health and involves a lower life insurance premium than do substandard ratings.
3. Rapid Builder IUL and Custom GrowthCV offer a conditionally guaranteed interest bonus to further help your clients build long-term cash value accumulation. Interest bonus may be earned when we declare a current interest rate that exceeds the guaranteed interest rate. Interest Bonus percentages are not guaranteed and subject to change; however, once a policy is issued, the percentage will not change. Interest bonus is not applied to loaned funds. Not available in Texas.
Builder IUL offers a conditionally guaranteed interest bonus to further help your clients build long-term cash value accumulation. Interest bonus may be earned when we declare a current interest rate that exceeds the guaranteed interest rate. Interest Bonus percentages are not guaranteed and subject to change; however, once a policy is issued, the percentage will not change. Interest bonus is not applied to loaned funds.
4. A conditionally guaranteed Premium Bonus will be added to the account value for policies that persist beyond 10 years. Money will paid in the form of interest credited to the Account Value. The bonus is added as an interest credit at the beginning of policy years 11-15. To calculate the Premium Bonus, we first determine the average net premium. The average net premium is equal to the sum of the (total premiums paid less withdrawals taken in the first 10 years less the debt at the end of the 10th policy year) divided by 10. The Premium Bonus is the lesser of the average net premium and 120% of the commissionable target premium. The Premium Bonus is spread out over five years (20% paid annually in years 11-15). The Premium Bonus feature is only available if:
a. the policy is in effect;
b. the company declares a current interest rate that exceeds the 3% guaranteed interest rate; and
c. the current cost of insurance rates are less than guaranteed maximum cost of insurance rates shown in the Schedule of Policy Benefits.
5. Subject to premium payment requirements.
6. Allows policyowner the right to exchange policy, without evidence of insurability and surrender charges, to one of our cash value accumulation universal life policies available at the time of exchange. The Cash Surrender Value on the new policy may not be greater than the Cash Surrender Value on the policy being exchanged. Not available for policy ages 76 and above or if there is an outstanding policy loan.
7. Premiums are guaranteed to remain level for the initial 10, 15, 20, 30 year period. After the premium guarantee period, premiums will increase annually but will never exceed the Guaranteed Annual Renewal Premium.