North American has great permanent protection plans for juveniles, from low cost, low face amount, to strong cash value accumulation. Let's take a look at what North American has to offer.
Let's say you have a client looking for a low-cost, small-face amount policy for their child. With as little as $15 per month, the parent can purchase life insurance with a face amount of $52,489 to run under current assumptions to age 120.
Custom TermGUL: Low-cost UL coverage with optional guarantees.
How about a grandparent who wants to leave a legacy to her grandchild? With a single premium of $2,500, she can purchase life insurance of $25,000 that accumulates cash value, and provides an optional Guaranteed Insurability Rider. This rider provides the opportunity to purchase additional insurance later in life without evidence of insurability. The policy would run under current assumptions to age 120.
Custom GrowthCV - Cash value growth in a fixed UL
What about a client who would like life insurance that builds cash value for his child? Once the child becomes an adult and takes over the policy, he or she can make the premium payments, and eventually use the accumulated cash value in retirement years. By age 65, the cash value would be over $1,270,000!
Builder IUL® — Indexed universal life insurance with potential for cash value growth
Contract with NACOLAH through Senior Market Sales and start selling the industry’s best lineup of universal life products.