North American Growth Index Global Life Product Line

Des Moines, Iowa, May 24, 2021 / PRNewswire /- North American Life and Health Insurance Company^® (North America) now provides an indexed universal life insurance (IUL) insurance product that provides death compensation protection that life insurance can only provide, while accumulating potential long-term cash value for other purposes (including helping to increase retirement income). Builder Plus IUL 3 is a new member of the North American innovative IUL product portfolio.

“Getting and increasing cash value is crucial, because customers often need to purchase protection years (or even decades) before they may need to help increase retirement income. In this case, time is actually money,” Jerry Blair, North America, Chief Distribution Officer. “This policy meets the growing consumer demand-how to protect your family while having the ability to accumulate cash value or tax advantages for your overall financial assets.”

This IUL insurance product can help customers looking to plan their financial future. Builder Plus IUL 3 is very suitable for the following users:

• Need for death benefit protection
• If they die during work, worry about their family’s financial needs
• People who have maximized a 401(k) or individual retirement account savings plan-or who may not be eligible for IRA
• High income, a large number of assets that need to be protected, or both
• People seeking opportunities to mitigate the tax impact on future retirement funds

Blair said: “The product is designed to be competitive in terms of providing potential future sources of supplementary income.” “This is usually necessary when policyholders face retirement. This also helps make the product stand out in a crowded market.”

The new IUL includes the Fidelity Multi-Factor Yield Index^SM The 5% ER option is part of its strategy aimed at reducing volatility.The Fidelity Index is unique to North America^{1 piece}, The current participation rate is 125%, and there is no upper limit. Starting from the first year, you will receive a non-guaranteed bonus of 1.65%, and there will be a non-guaranteed bonus of 2.65% in the 11th year and beyond. The interest rate may change. .

Builder Plus IUL 3 provides fixed-rate participatory policy loans^{2 pcs} Use the declared interest rate and participate in the account of the index account. The policy is available for the first year and currently earns a 2% interest bonus, but it does not meet any other interest bonus conditions. This type of loan can better manage cash value and provide opportunities for improving financial performance.

In addition, if the customer is diagnosed with a qualifying illness, he can enjoy a part of the death insurance payment while living through the accelerated death insurance payment.

In order to simplify the application process, Builder Plus IUL 3 can speed up the underwriting speed, and if it is impossible or unwilling to hold a face-to-face seat meeting, you can skip the laboratory test or exam, you can apply online, or you can use the eSignature option.

North American Growth Index Global Life Product Line/2-2-2

About North American Life and Health Insurance Company
North American Life and Health Insurance Company^® Yes member Sammons^® Financial Group Co., Ltd. Since 1886, North America has established a tradition of providing high-quality insurance products to consumers across the United States. We offer a comprehensive portfolio of term, universal life insurance and indexed universal life insurance products.North America also provides a variety of traditional fixed and fixed index annuities, and has consistently ranked among the top ten largest fixed index annuities in the United States (Source: WINK Sales and Marketing Report and LIMRA Institute for Safe Retirement). Want to find more information, Please visit here.

1. As part of the Sammons Financial Group, it is exclusively available in North America. North America has licensed Fidelity’s multi-factor return rate of 5% ER for its IUL products.
2. If the amount of credit earned is less than the interest charged, the net cost of participating in a policy loan with a fixed interest rate may be negative. If the amount credited is less than the interest charged, the net cost of the loan may also be greater than the net cost under the standard insurance policy loan. In an extreme example, the amount credited may be zero, and the net cost of the loan is equal to the maximum interest rate charged minus any guaranteed dividends. In short, in terms of interest rate, fixed-rate loans have greater uncertainty than standard-policy loans.

   Fidelity Multi-Factor Yield 5% ER (“Index”) is a multi-asset index for those with attractive valuations, high-quality profiles, positive momentum signals, low volatility and relatively Companies with high dividend yields provide exposure. As a US Treasury bill, this may reduce volatility over time. Fidelity and its related marks are service marks of FMR LLC.Fidelity Products and Services Co., Ltd. (“FPS”) has used the index license for certain purposes for North American Life and Health Insurance Company^® (Hereinafter referred to as the “Company”) represents the product. The index is the exclusive property of FPS, and its compilation and compilation process does not consider the needs of the company, product or product owner, including but not limited to the company’s suitability needs. FPS or any other party related to or related to the production or indexing does not sell, sponsor, endorse or promote the product. The company has full discretion in determining whether and how the product is linked to the value of the index. FPS will not provide product owners or any other person or entity with investment advice on the index, and under any circumstances, any product contract owner shall not be regarded as a customer of FPS.

   FPS or any other party involved in or related to the development or compilation of an index is not obliged to continue to provide the company with an index for the product. FPS or any other party related to or related to the compilation or compilation of the index does not make any statement about the index, index information, performance, annuities or products in particular. Fidelity Products Services Co., Ltd. does not provide any express or implied guarantees, including all guarantees of merchantability or applicability for specific purposes or uses. Fidelity Product Service Co., Ltd. assumes no responsibility for this product.

   The indexed global life insurance products are not investments in the “market” or applicable indexes and are subject to all policy fees normally associated with most global life insurance.

   Builder PlusIUL®3 Published by the LS191 series of policy forms or the state version containing all applicable endorsements and additional terms, North American Life and Health Insurance Company^®,administrative office, One Sammons Square, Sioux Falls, SD 57193. Not all products, features, additional terms, endorsements or age issues are available in all jurisdictions. Restrictions or restrictions may apply.

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Source: North American Life and Health Insurance Company