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North American's Business Solutions
Funding a Buy-Sell Agreement

 
 

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Get an illustration on your next Buy-Sell case!

Helpful Guy Call (800) 800-3656 ext. 10411 and North American's Sales Development team will show you how life insurance may be used to successfully fund buy-sell agreements and help grow your business.

Whether your clients own a large company or a small family-operated
business, the success of any business depends on smart strategy and planning.
North American Company offers business solutions to help ensure that all the
effort and money invested in a business won't disappear when the unexpected
happens. Use one of North American's products to protect your clients from:


  • Unintended or unwelcome transfers of ownership.
  • Heirs being stuck with an inheritance they can't use.
  • Unsecured funding of the transfer of ownership of the business.
  • Lengthy probate courts and lawsuits.

North American's leading-edge product portfolio has the competitive
performance and compensation you're looking for in a buy-sell business solution.
With Term, Universal Life Insurance and Indexed Universal Life Insurance,
we may have a product to fit your client's needs. 

Product Strengths

For death benefit protection and the potential to earn significant cash value in the early policy years, try Rapid Builder IUL® indexed universal life insurance:


  • Short-term cash value accumulation
  • No premium load
  • Waiver of Surrender Charge1 Option with table shaving component2
  • Return of Premium death benefit option
  • Interest bonus on both the index account and the fixed account3
  • Chronic Illness Accelerated Benefit Rider allows for access to a portion of the death benefit if the insured becomes chronically ill (which could trigger the buy-sell agreement).

Product Strengths

customgrowth

And for the same protection needs and potential for cash value growth with a universal life insurance product,
try Custom GrowthCV®:


  • Waiver of Surrender Charge Option1 with table shaving component2
  • Premium Bonus: non-guaranteed; payable in years 11-154
  • Interest Bonus: conditionally guaranteed at 1% in years 11-20 and 1.5% in years 21+3
  • Chronic Illness Accelerated Benefit Rider allows for access to a portion of the death benefit if a chronic illness triggers the buy-sell agreement

Product Strengths

customguarantee

Today, more than ever, guarantees are important. With North American's Custom Guarantee® universal life insurance plan, what you buy today is what we'll deliver when it's needed.


  • Permanent life protection – even up to age 1205
  • Low-cost protection with low face amounts starting at $25,000
  • Guaranteed Exchange Privilege6 allows a client to exchange to a cash-value accumulation universal life product
  • Chronic Illness Accelerated Benefit Rider allows for access a portion of the death benefit if the insured becomes chronically ill (which could trigger the buy-sell agreement)

Product Strengths

builderIUL

North American's Builder IUL® offers death benefit protection while building significant cash value for clients to use to help fund a buy-sell situation.


  • If death benefit funds aren't needed, cash value can provide a possible exit strategy, for example if an owner becomes unable to continue to run the business.
  • Potential supplemental retirement money
  • An increasing death benefit option, which may grow along with a growing business to help ensure to complete the buy-sell agreement
  • Chronic Illness Accelerated Benefit Endorsement - allows for access a portion of the death benefit if the insured becomes chronically or terminally ill (which could trigger the buy-sell agreement)

Product Strengths

ADDvantage

If a simple low-cost solution is what your clients are looking for, look no further than ADDvantage Term® life insurance.


  • Very low-cost product for businesses on a budget
  • Level payments for 10, 15, 20, and 30 year periods7
  • Ability to convert to a permanent policy should your client's needs change

 

For all of your business planning needs, turn to North American Company.
Call Sales Development today at (800) 800-3656, ext. 10411
or email salessupport@nacolah.com and help your clients find a solution
to their business needs while building your sales!