Did you know: About 42% of people will receive care at home at some point throughout their life?1 Accelerated funds from a life insurance policy can be used for any purpose - including paying for care at home. North American's life insurance includes accelerated death benefit endorsements on all products, which allows your clients to access a portion of the policy's death benefit while they're living.2
42% of people will pay to receive care at home at some point throughout their life.1
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Need help sharing the importance of living benefits with your clients? Turn to North American's client-friendly content.
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Demystifying IUL series
In part three of our Demystifying IUL series, Tom Martin will show you the competitive features of our indexed universal life (IUL) insurance products, and demonstrate how they can be applied to meet your customer's needs.
Miss parts 1 and 2 of this series?
If you missed parts 1 and 2 of our Demystifying IUL series, no worries, you can go back and watch the recordings at your convenience. In fact, you can go back and watch any of our previously recorded webinars
AG 49-B: How does it affect North American Illustrations? Did you miss Chris Wild, AVP Actuary & Life Product Development, as he provided guidance on the changes brought about by AG 49-B and how North American is responding?
Builder Plus IUL® 3 Overview flyer
North American's Builder Plus IUL® 3 can help fill your client's needs by providing death benefit protection, opportunity for a strong income stream, protection against the high costs associated with illness or premature death, and tax advantages.3
Supply Warehouse Refresh
Effective May 25, you will notice a new iteration of our fulfillment site, Supply Warehouse. This is a great tool for accessing essentially all of the marketing materials we have available and our go-to resource for ordering print versions of available pieces. Here are some highlights:
- Improved overall user experience
- New, cleaner look
- Easier access to marketing materials
Agent Website
Marketing Toolkit
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1. Source: LongTermCare.gov 'How Much Care Will You Need' https://acl.gov/ltc/basic-needs/how-much-care-will-you-need February 2020
2. Subject to eligibility requirements. An administrative fee is required at time of election for the Chronic or Terminal illness benefit. There is no administrative fee when the Critical Illness benefit is elected. 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.
3. The tax-deferred feature of the indexed universal life policy is not necessary for a tax-qualified plan. In such instances, you client should consider whether other features, such as the death benefit and optional riders make the policy appropriate for your client's needs. Before purchasing this policy, your client should obtain competent tax advice both as to the tax treatment of the policy and the suitability of the product.
Builder Plus IUL 3 (policy form seres LS191), or state variations, including all applicable riders or endorsements, are issued by North American Company for Life and Health Insurance, West Des Moines, IA. Products, features, endorsements, riders, or issue ages may not be available in all jurisdictions. Limitations or restrictions may apply.
Agents offering, marketing, or selling accelerated death benefits for chronic illness in California must be able to describe the differences between benefits provided under and accelerated death benefit for chronic illness and benefits provided under long-term care insurance to clients. You must provide clients with the ADBE Consumer Brochure for California that includes this comparison. Comparison is for solicitation purpose only, not for conversions.
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Indexed Universal Life Insurance 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.
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Sammons Financial® is the marketing name for Sammons® Financial Group, Inc.’s member companies, including North American Company for Life and Health Insurance.® Annuities and life insurance are issued by, and product guarantees are solely the responsibility of, North American Company for Life and Health Insurance.
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