Custom Guarantee®
When it comes to protecting your financial future, Custom Guarantee universal life insurance is a product that will be around when you need it most – regardless of changes that happen along the way. Today, more than ever, guarantees are important. With North American's Custom Guarantee universal life insurance plan, what you buy today is what we'll deliver when it's needed1.
Product Highlights:
- The ability to have guaranteed death benefit protection to any age up to age 120 with no premiums payable after age 100 (see consumer brochure for complete details on the extended no-lapse guarantee feature)1
- Flexibility to adjust the time and amount of premium payments
- Access to a portion of the Death Benefit to help cover the cost of a chronic or terminal illness (subject to eligibility and certification requirements)2
Help give your family financial protection, flexibility, and control by putting the North American guarantee in your hands.
Download the brochure to learn more about North American’s Custom Guarantee, or contact your North American representative.
1 The Extended No Lapse Guarantee ensures that coverage will continue even if the policy's net cash surrender value is insufficient to pay the monthly deductions, provided that the sum of the premium guarantee accounts is greater than or equal to the policy debt. The Extended No Lapse Guarantee does not prevent the policy from entering the grace period during the 5-year no lapse guarantee period. The performance of the Extended No Lapse Guarantee is extremely sensitive to prompt payment; premiums must be made on time and in a consistent manner to keep the guarantee. By paying only the premium required to satisfy the Extended No Lapse Guarantee, you may be forgoing the advantage of building more cash values. Restrictions may apply.
2 Texas Residents: Receipt of acceleration-of-life-insurance benefits may affect your, your spouse or your family's eligibility for public assistance programs such as medical assistance (Medicaid), Aid to Families with Dependent Children (AFDC), supplementary social security income (SSI), and drug assistance programs. You are advised to consult with a qualified tax advisor and with social service agencies concerning how receipt of such a payment will affect you, your spouse and your family's eligibility for public assistance.
Custom Guarantee is issued on policy form series LS170; Chronic Illness Accelerated Benefit Rider is issued on form series LR450A; Accelerated Benefit Endorsement is issued on form series LR352Aor state variation by North American Company for Life and Health Insurance, Executive Office, Chicago, IL 60607. Product, features, riders, endorsements or issue ages may not be available in all jurisdictions. Limitations and restrictions 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. For costs and complete details, contact North American Company at (877) 872-0757.