Builder IUL®
An excellent product for those looking to help provide financial protection in the form of a death benefit, while building cash value accumulation for supplemental retirement income.
Product Highlights:
- The ability to earn interest based on the movement of a stock market index without the risk of investing directly in the market.
- The interest rate credited is never less than zero percent—guaranteed!
- Bonuses to help build long-term cash values for future financial needs.
- Access to your cash value through withdrawals and policy loans2, including Net Zero-Cost Loans in policy years 6 and later.1
- Access to a portion of the Death Benefit to help cover the cost of a chronic or terminal illness
If death benefit protection and long-term cash value growth matter most, Builder IUL may be the right product for you.
To learn more about Builder IUL, download the Builder IUL Series brochure or call your North American representative today.
1 Zero Cost Loans are available on our universal life products after a specified number of years. Please refer to your policy for details. For this policy, Zero Cost Loans are charged and credited at 3.0% for a net zero cost in years 6+.
2 Policy loans from life insurance policies generally are not subject to income tax, provided the contract is not a Modified Endowment Contract, as defined by Section 7702A of the Internal Revenue Code. A policy loan or withdrawal from a life insurance policy that is a Modified Endowment Contract is taxable upon receipt to the extent cash value of the contract exceeds premium paid. Policy loans and withdrawals will reduce cash value and death benefit. Policy loans are subject to interest charges. Consult with and rely on your tax advisor or attorney on your specific situation.
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.
BuilderIUL is issued on policy form series LS172 and Accelerated Death Benefit Endorsement for Chronic Illness is issued on form series LR465 and LR450A by North American Company for Life and Health Insurance, Administrative Office, Sioux Falls, SD 57193. Product, features, riders, endorsements or issue ages may not be available in all jurisdictions. Restrictions or limitations may apply.
Life insurance policies have terms under which the policy may be continued in force or discontinued. Current cost of insurance rates and interest rates are not guaranteed. Therefore, the planned periodic premium may not be sufficient to carry the contract to maturity. The Index Accounts are subject to caps and participation rates. In no case will the interest credited be less than zero percent. Please refer to the customized illustration provided by your agent for additional detail. The policy's death benefit is paid upon the death of the insured. The policy does not continue to accumulate cash value and excess interest after the insured's death. For costs and complete details, call or write North American Company, Administrative Office, Sioux Falls, SD 57193. Telephone (877) 872-0757.