[vc_row][vc_column][vc_column_text]North American is just announces the next generation of their Guarantee Builder IUL product which will be effective November 18, 2019. The new Protection Builder IUL is designed to combine a guaranteed death benefit with cash value growth potential. Plus it includes a new Premium Recovery Endorsement along with everything else you’ve come to expect from our IUL products.
Here are a few New Features
NEW Premium Recovery Endorsement (PRE) Feature: Provides the policyowner the option to fully surrender the policy and recover some or all of their total premiums paid within a 60-day window after the 15, 20, and 25 policy year anniversary. This new feature is available at no extra premium.
Year 15: up to 50% of paid premium can be recovered
Years 20 & 25: up to 100% of paid premium can be recovered
Max amount of premium that can be recovered is 50% of the lowest face amount of the policy To take advantage of this benefit, in general, the policy must be funded at a level to guarantee to at least attained age 95 assuming no policy loans are taken. In some instances, more premium may be required. To ensure this benefit is included, use the guarantee premium to include PRE solve in the web illustration software.
With NFG Brokerage, you no longer need to depend on a one size fits all approach. We work hard for you to create customized insurance strategies to help you deliver the most affective solutions to your clients. Your success is our success...don't delay!
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