- Accelerate up to 24% of the death benefit annually, $1,000,000 maximum benefit
- No additional premium*
- Monthly deductions waived during chronic illness while on claim**
- Benefit is paid out upon qualification, not later as a reimbursement
- Benefit amount may be used for any purpose
Offered on North American's Custom Guarantee UL, Guarantee Builder IUL, Builder IUL, and Survivorship GIUL, subject to eligibility requirements.
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Call PMG at 877-512-9287 to ask questions or for contracting.
*An administrative fee is required at time of election. However, the actual payment your client receives in connection with any acceleration will be discounted and is lower than the Death Benefit amount accelerated.
**Monthly deductions are waived if the death benefit immediately prior to the initial election date does not exceed $1,000,000. Refer to endorsement form for complete details.