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 all the effort and money invested in a business won’t disappear when the unexpected happens.

Use one of North American’s life products to help protect your clients from the loss of a key employee that could result in:

• Costly delays in business operations
• New venture vulnerability
• Expensive employee replacement costs
• Loss of income from decreases in sales
• Difficulty securing business loans
• Unintended transfers of shareholdings or business interests

North American’s leading-edge product portfolio has the competitive performance and compensation you’re looking for in a key person business case. 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 Charge Option¹ 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

And for the same death benefit 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 1.15% in years 21+³
• Chronic Illness Accelerated Benefit Rider allows for access to a portion of the death benefit if the insured becomes chronically ill

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

• Guaranteed 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

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 premium payments for 10, 15, 20, and 30 year periods⁷
• Ability to convert this term policy to any currently available 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 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. On Rapid 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. Not available in Texas.
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.