North American is always striving to raise the bar for you and your clients. Most recently, we have raised the interest rate on the Premium Deposit Agreement in the Premium Deposit Account (PDA) to 4% to help bring more value and growth potential to your clients’ life insurance policies!
Why choose a PDA?
Worry-free premium payments – submit a lump sum to automatically fund annual premium payments
Growth – the new 4% interest rate will be applied to the funds taken from the PDA, creating a larger death benefit and cash value potential
Avoid Modified Endowment Contract (MEC)1 status – spreading out payments can help avoid MEC status and having to pay additional taxes.
Show your clients how a PDA can help strengthen their financial future.
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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