In some situations, loans and withdrawals may be subject to federal taxes. Neither North American Company nor its agents give legal or tax advice. Clients should be instructed to consult with and rely on their own tax advisor or attorney for advice on their specific situation.
IRS CIRCULAR 230 NOTICE
Any U.S. tax information included in this written or electronic communication, including any attachments, is not intended as tax advice, was not intended or written to be used, and it cannot be used by you or any taxpayer, (i) 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, or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein.
* If Policy has a Premium Guarantee Rider attached to it, such rider will be terminated upon the election of the Protected Death Benefit.
1 The interest bonus is applied after the participation rate, cap, and floor.
2 Remaining balance will be transfered to a new loan.
3 Available for an additional charge of $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 Subject to premium payment requirements.
Please refer to the Survivorship GIUL marketing guide, NAM-1435, and the Builder IUL Series marketing guide, NAM-1275, for complete product details.
Builder IUL is issued on policy form series LS172, Guarantee Builder IUL is issued on policy form series LS175, Rapid Builder IUL is issued on policy form series LS169, Survivorship GIUL is issued on policy form series LS171 without the Waiver of Surrender Charge and policy form series LS171W with the Waiver of Surrender Charge. Waiver of Surrender Charge Endorsement is issued on form series LR417A; Accelerated Death Benefit Endorsement for Critical, Chronic and Terminal Illness is issued on form series LR477; Accelerated Death Benefit Endorsement for Chronic and Terminal Illness is issued on form series LR465, form series LR463 for Survivorship GIUL; and Accelerated Death Benefit Endorsement for Terminal Illness is issued on form series LR466, form series LR464 for Survivorship GIUL; Estate Preservation Rider is issued on form series LR461, and Survivorship Policy Split Exchange Endorsement is issued on form series LR462, by North American Company for Life and Health Insurance, Administrative Office, Sioux Falls, SD 57193. Products, features, issue ages, endorsements or riders may not be available in all jurisdictions. Limitations or restrictions may apply.
Index 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.
FOR AGENT USE ONLY. NOT TO BE USED FOR CONSUMER SOLICITATION PURPOSES.
NAL-2539 R1 8/13