Exciting News for California!
North American is excited to announce two updates for the state of California that could provide more opportunity for your business: WriteAway® accelerated underwriting and the Waiver of Surrender Charge Option Rider!
WriteAway can help your healthiest clients get approved faster—application to delivery in as little as six calendar days!1
  • Available on all currently marketed products
  • Opportunity for approval with ZERO labs and exams, especially valuable during this time of social distancing!
Smart Builder indexed universal life insurance is now available with the Waiver of Surrender Charge Option Rider (WoSC)! Smart Builder offers:
  • ZERO Premium Load
  • ZERO Surrender Charge with WoSC selected2
  • ZERO Percent Floor
  • ZERO Extra Premium for Critical, Chronic, Terminal Coverage3
Now you have an option to get your clients an approval faster and provide another product for them to secure their future through life insurance. Learn more about how Smart Builder and WriteAway can help create more opportunity for your business!
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1. Source: Internal data, North American underwriting department, April 8, 2020.
2. This optional rider is available for an additional charge per $1,000 per month, depending on issue age and underwriting class and must be applied for at time of issue. Surrender charges will be waived upon a full surrender or partial surrender. Surrender charges will not be waived if the policy is surrendered under a 1035 Exchange (except in Florida). A decrease charge will be assessed if a reduction in the policy face amount is requested during the Waiver of Surrender Charge Period. However, if a partial withdrawal results in a reduction of the face amount, the withdrawal charge is waived.
3. Subject to eligibility requirements. The death benefit will be reduced by the amount of the death benefit accelerated. Since benefits are paid prior to death, a discount will be applied to the death benefit accelerated. As a result, the actual amount received will be less than the amount of the death benefit accelerated.
Agents offering, marketing, or selling accelerated death benefits for chronic illness in California must be able to describe the differences between benefits provided under an accelerated death benefit for chronic illness and benefits provided under long-term care insurance to clients. You must provide clients with the ADBE Consumer Brochure for California that includes this comparison. Comparison is for solicitation purposes only, not for conversions.
Smart Builder IUL is issued on policy form series LS187 or state variation, including all applicable endorsements and riders, by North American Company for Life and Health Insurance, Administrative Office, One Sammons Plaza, Sioux Falls, SD 57193. Product, features, endorsements, riders or issue ages may not be available in all jurisdictions. Limitations or restrictions may apply.
Sammons Financial℠ is the marketing name for Sammons® Financial Group, Inc.’s member companies, including NorthAmerican Company for Life and Health Insurance®. Annuities and life insurance are issued by, and product guarantees are solely the responsibility of, North American Company for Life and Health Insurance.
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