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 using life insurance to help ensure that your clients are armed with a strong incentive to promote employee retention and help keep their business stable.

Help keep your clients’ business strong by reducing turnover of key employees that could result in potentially significant financial losses. Give them a win-win business solution with an executive bonus plan:

For death benefit protection and the potential to earn significant cash value with attractive loan options, try North American’s Builder IUL indexed universal life insurance:

• Exceptional cash value accumulation
• Net Zero Cost Loans¹ available starting in policy year six on 100% of the loan value; variable interest rate loans are also available starting in year two
• Several index options and crediting methods provide clients with flexibility and the opportunity for potentially strong cash growth
• Interest bonus on both the index account and the fixed account²
• Accelerated Benefits for Chronic and Terminal Illness allow for access to a portion of the death benefit if the insured becomes chronically ill or terminally ill

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

• Waiver of Surrender Charge Option³ with table shaving component⁴
• Premium Bonus: conditionally guaranteed; payable in years 11-15⁵
• Interest Bonus: conditionally guaranteed at 1% in years 11-20 and 1.15% in years 21+²
• Chronic Illness Accelerated Benefit Rider allows for access to a portion of the death benefit if the insured becomes chronically ill

1. Zero Cost Loans are loans charged and credited at the same percentage for a net zero cost. The policy year and amount available vary by product.
2. Builder IUL and Custom GrowthCV offer conditionally guaranteed interest bonuses to further help your clients build long-term cash value accumulation. On Custom GrowthCV, the interest bonus may be earned when we declare a current interest rate that exceeds the guaranteed interest rate. Not available in Texas.. On Builder IUL the interest bonus on the fixed account may be earned when we declare a current interest rate that exceeds the guaranteed interest rate. The interest bonus on the Index Account is guaranteed regardless of what current interest rate we declare. 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.
3. Available for an additional charge per $1,000 per month, depending on issue age and underwriting class.
4. 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.
5. 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.