North American Company | Builder Plus IUL - Not Your Average Life Insurance

Check out how Builder Plus IUL can help with chronic illness!

Barbara is 55 years old and would like to offset taxes on her qualified plan upon her death. Having a pre-tax retirement balance of $500,000, Barbara is concerned it won’t be enough for retirement. She is concerned about the risk of healthcare costs against her savings and plans to retire at age 65. However, at age 65 Barbara is in a car accident where she experiences several broken bones that leave her unable to perform two activities of daily living.

Initial Death Benefit:	$200,000
Premium:	$938/month pay to age 65
Accelerated Death Benefit at age 65:	Accelerated Death Benefit: $77,942 Amount Received: $61,797
Source: North American Illustration Software, 5/14/18. Variable interest rate loan at 6.0%

A Solution

Builder Plus IUL can offer Barbara financial security with death benefit protection and the opportunity for growth with the potential to build strong, long-term cash value. Barbara has the flexibility to access her potential cash value through policy loans¹ and is also allowed the freedom to spend the money as she chooses. Barbara’s injuries from the car accident qualify as a chronic illness,² and she is eligible for an accelerated death benefit, which could help her avoid the need to liquidate other assets.

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525 W Van Buren | Chicago IL 60607 | www.NorthAmericanCompany.com

1. In some situations loans and withdrawals may be subject to federal taxes. North American 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. Income and growth on accumulated cash values is generally taxable only upon withdrawal. Adverse tax consequences may result if withdrawals exceed premiums paid into the policy. Withdrawals or surrenders made during a Surrender Charge period will be subject to surrender charges and may reduce the ultimate death benefit and cash value. Surrender charges vary by product, issue age, sex, underwriting class, and policy year.

2. Subject to eligibility requirements. The death benefit will be reduced by the amount of the death benefit accelerated. Since benefits are paid prior to death, a discount will be applied to the death benefit accelerated. As a result, the actual amount received will be less than the amount of the death benefit accelerated. There is an administrative fee at time of election.

Indexed Universal Life products are not an investment in the “market” or in the applicable index and are subject to all policy fees and charges normally associated with most universal life insurance.

Builder Plus IUL (policy form series LS183) Accelerated Death Benefit for Critical, Chronic, and Terminal Illness Endorsement (form series LR503) are issued by North American Company for Life and Health Insurance, Administrative Office, One Sammons Plaza, Sioux Falls, SD 57193. Products, features, riders, endorsement or issue ages may not be available in all jurisdictions. Restrictions or limitations may apply.

FOR AGENT USE ONLY. NOT TO BE USED FOR CONSUMER SOLICITATION PURPOSES.