Longevity planning is strategy that helps your clients prepare for a long, healthy retirement. The desire to travel, a new home, new hobbies, and gifting assets are all desires that might be beyond your client’s current plan for income replacement in their later years. An unexpected illness might also make a long retirement more costly.

Help your client plan for the best. Talk to them about using permanent life insurance as a longevity planning strategy.

How It Works:
Life insurance provides death benefit protection during working years, and your client can access potential cash value during retirement generally tax-free.¹ It also can provide flexibility to address changing needs, through an adjustable death benefit, flexible premiums, and accelerated death benefits.

These features from North American make permanent life insurance a great choice for longevity planning:

• Protected Death Benefit – This allows the client to select a minimum death benefit amount that is guaranteed, while he or she continues to access accumulated cash values through loans or withdrawals.²
• Accelerated Death Benefit Endorsement – This feature allows your client to accelerate a portion of the death benefit for a qualifying critical, chronic, or terminal illness when certain eligibility conditions are met.³

1. Financial Markets, Inc. is not authorized to give tax or legal advice. Please advise customers to contact their own independent qualified tax or legal advisor before entering into or paying additional premiums with respect to such arrangements before commencing any charitable giving plan.
IRS CIRCULAR 230 NOTICE
Any tax advice included in this written or electronic communication, including any attachments, was not intended or written to be used, and it cannot be used by you or any taxpayer for the purpose of avoiding any penalties that may be imposed on you or any other person under the Internal Revenue Code or applicable state or local tax law provisions. Although any tax advice contained herein was written to support the promotion or marketing of the transaction(s) matter(s) addressed by the advice, it cannot be used by you or any taxpayer to, promote, market or recommend to another party any transaction or matter addressed herein. Taxpayers should seek advice based on their particular circumstances from an independent tax advisor.
2. Death benefit guarantees are subject to premium payment requirements. In some situations loans and withdrawals may be subject to federal taxes. North American Company does not give tax or legal advice. Clients should be instructed to consult with and rely on their own tax advisor or attorney for advice on their specific situation.
3. Subject to eligibility requirements. Availability varies by state and product. For full details, see our Accelerated Death Benefit Endorsement Guide, NAM-2146.