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North American UL Products

North American UL Products

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North American UL Products

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  1. North American UL Products

  2. Products • Custom Series • Custom Extra – Low cost UL with double death benefit • Custom Term UL – Very competitive low cost coverage • Custom Accumulator – Max funding with return of premium • Custom Guarantee – Guaranteed death benefit up to age 120 • Legacy Optimizer • Simplified issue single-premium

  3. Custom TermUL Very competitive low cost coverage • Low mortality charges • Low cost $1 at 100 product • High cash value accumulation • Competitive Target • $50,000 min death benefit • Current Interest Rate = 5.30%

  4. Review of Product Markets

  5. Custom TermUL Male, Age 45, $250,000, Level DB Annual premium for $1 @ age 100 Best Class Jefferson Pilot (JPF Legend 300) $1,584 Protective (Classic UL) $1,642 North American (Custom TermUL) $1,700 West Coast Life (LifeSpan Gold 120) $1,705 American General (Platinum Provider Ultra) $1,837 First Penn (LifeStyle Select 20) $1,911 Transamerica (TransUltra EX) $1,934 Lincoln National (UL – LPR 5) $2,417 All rates believed accurate as of February 24, 2004

  6. Custom TermUL Male, Age 65, $250,000, Level DB Annual premium for $1 @ age 100 Preferred Rate Class American General (Platinum Provider Ultra) $5,325 Protective (Classic UL) $5,335 Transamerica (TransUltra EX) $5,363 Jefferson Pilot (JPF Legend 300) $5,485 North American (Custom TermUL) $5,487 West Coast Life (LifeSpan Gold 120) $5,651 First Penn (LifeStyle Select 20) $5,741 Lincoln National (UL – LPR 5) $6,052 All rates believed accurate as of February 24, 2004

  7. Custom Extra Low cost UL with double death benefit • Extra double death benefit • 5 yr to age 55 (3 yr age 56-65) • Fully convertible • Low cost coverage • $25,000 minimum death benefit • Current Interest Rate = 5.00%

  8. Review of Product Markets

  9. Custom Extra Male, Age 45, $250,000, Level DB Annual premium for $1 @ age 100 Preferred Rate Class Protective (Classic UL) $1,695 North American (Custom Extra) $1,836 Jefferson Pilot (JPF Legend 300) $1,942 West Coast Life (LifeSpan Gold 120) $1,973 First Penn (LifeStyle Select) $2,043 American General (Platinum Provider Ultra) $2,085 Transamerica (TransUltra EX) $2,242 Lincoln National (UL – LPR 5) $2,417 …and that’s comparing a $500,000 initial death benefit with the Custom Extra vs competitor’s $250,000!* *Custom Extra doubles the death benefit for 3 to 5 years up to $500,000 of additional death benefit at no cost. All rates believed accurate as of February 24, 2004

  10. Custom Extra Male, Age 65, $1,000,000, Level DB Annual premium to endow @ age 100 Preferred Rate Class First Penn (LifeStyle Select 20) $23,165 Jefferson Pilot (JPF Legend 300) $23,551 American General (Platinum Provider Ultra) $24,253 West Coast Life (LifeSpan Gold 120) $23,956 Transamerica (TransUltra EX) $24,312 North American (Custom Extra) $24,570 Protective (Classic UL) $24,601 Lincoln National (UL – LPR 5) $25,664 …and that’s comparing a $1,500,000 initial death benefit with the Custom Extra vs competitor’s $1,000,000* *Custom Extra doubles the death benefit for 3 to 5 years up to $500,000 of additional death benefit at no cost. All rates believed accurate as of February 24, 2004

  11. Custom Accumulator Max funding with return of premium • Excellent Single Premium product • 10 year guaranteed return of premium • High target and guideline premiums • Wash Loans • $25,000 minimum death benefit • Current Interest Rate = 5.60%

  12. Review of Product Markets

  13. Custom Accumulator Custom Extra Custom TermUL Higher Cost Lower Cost Custom Accumulator Custom Extra Custom TermUL Low Target High Target

  14. Custom Guarantee Guaranteed death benefit up to age 120 • Guaranteed death benefit flexibility up to age 120 • Runs on non-guaranteed basis as well • Great single-premium product • Issued to age 90 • Preferred loans after the 10th year • $50,000 min death benefit • 2 year rolling target • Current Interest Rate = 5.50%

  15. Review of Product Markets

  16. Custom Guarantee Male, Age 45, $200,000 Level DB Single premium to guarantee to age 100 Preferred Class Lincoln National (UL – LPR 5) $27,313 ING (GPUL) $30,362 North American (Custom Guarantee) $30,468 West Coast Life (LifeSpan Gold 120) $30,849 American General (Platinum Provider Ultra G) $30,956 Jefferson Pilot (JPF Legend 300 XG) $31,220 Protective (Select UL II) $34,611 General American (ULSG 03) $36,657 Transamerica (TransAce GL) $37,866 All rates believed accurate as of March 4, 2004

  17. Custom Guarantee Male, Age 55, $1,000,000, Level DB Annual premium to guarantee to age 100 Standard Rate Class American General (Platinum Protector G) $16,000 Jefferson Pilot (JPF Legend 300 XG) $16,036 ING (GPUL) $16,111 Lincoln National (UL – LPR 5) $16,230 Protective (Select UL II) $16,570 North American (Custom Guarantee) (standard plus) $16,737 General American (ULSG 03) $16,800 West Coast Life (LifeSpan Gold 120) (standard plus) $17,060 Transamerica (TransAce GL) $17,501 All rates believed accurate as of March 4, 2004

  18. Legacy Optimizer Simplified issue single-premium • Single-Premium UL • Simplified Issue • Lifetime return of premium • Guaranteed to endow • $10,000 minimum premium • Age 45-85 attained age (underwritten ages 81-85) • Application on web (Business Builder)

  19. Review of Product Markets

  20. Simplified Issue Guaranteed Death Benefit $50,000 Single-premium Male 65, Standard NT

  21. Simplified Issue Guaranteed Death Benefit $50,000 Single-premium Male 55, Standard NT

  22. Sales Support For Help With: • Product Specifications • Product Selection • Sales Concepts • Web Site • Software Call: 1-800-800-3656, ext.10411 or 1-800-283-5433, ext. 5721

  23. Illustration Software • Designed to run a basic illustration from one screen • All the tools you need to do business easily • Forms • E-mail pdf’s • Complete solve capabilities • Software & product helps

  24. Pick Your Product Click on View Input Death Benefit Amount Enter your client information Input Premium Type Illustrations from One Screen

  25. Illustration Output Ability to select and print required forms

  26. Save Illustration as a PDF Click on PDF to save as a PDF

  27. Save Illustration as a PDF Default location for saved .pdf files. This location may be changed.

  28. Save Illustration as a PDF Can also save as a pdf after viewing the illustration. .

  29. Rider Screen Click on box for appropriate rider

  30. Withdrawals/Loans

  31. 3 solve categories to choose from Solves

  32. Product Help Click on Products to View Product Help

  33. Product Help

  34. Illustration Help Click on Help to view illustration help

  35. Illustration Help

  36. Illustration Help