North American
Secure HorizonSM IUL
Your secure growth solution
Secure Horizon IUL pays a benefit to the named beneficiary in the event of the death of the insured, which passes to the beneficiaries generally free from income taxes. Secure Horizon IUL is a permanent policy, so it won’t expire after a set time frame like term life insurance, as long as sufficient premiums are paid. You also benefit from:
Helpful resource
Marketing materials may not be available for use in all states.
Flexible growth options
Some of the premium payment is used to pay for the costs associated with insurance. You can allocate the rest to either a fixed account or an index account linked to the growth of an index, or a combination of both.1 Any growth applied to the index account is credited on the beginning account value prior to taking out the cost associated with insurance.
100% downside protection
The index floor ensures that a guaranteed minimum interest rate is credited to the underlying cash value, regardless of the performance of the underlying market index. Some indexes also have an index cap, or maximum interest rate. A participation rate, threshold rate, trigger rate, and/or spread rate may also be applied which is used in the calculation of the index credit.
Minimum account value
Secure Horizon IUL has a lookback feature to help ensure that the interest credited to the policy meets a set minimum. Every 10 years or upon death, lapse, surrender, or policy maturity, we’ll compare the account value to the minimum account value. If the account value is less than the minimum account value, then the account value will be increased so that the account value is at least as large as the minimum account value. The increase will be added to the fixed account. However, if the account value is greater than the minimum account value, no change is made to the account value.
An opportunity for cash value growth without the risk of loss
Indexed universal life insurance provides the opportunity to earn interest based on the upward movement of a stock market index. When stock market index performance decreases, your account value is protected from negative performance by a floor that is guaranteed to never be less than 0%. An index cap rate, participation rate, threshold rate, trigger rate, and/or spread rate may also be applied. Although performance is based on a stock market index, your premium is not actually invested in the market.
The hypothetical graph above assumes a single premium amount and one-year segment terms (two- and three-year segment terms are also available). It is intended for informational purposes only and does not depict the actual performance of any Secure Horizon IUL policy or indexed interest strategy. If a Spread is used to capture higher participation rates, a percentage would be deducted from the performance of the underlying market index.
Flexible income options to meet a variety of needs
Guaranteed income for life
The LifePay Income Benefit2 can provide a source of guaranteed lifetime income, generally tax-fee, to age 100 or more.
1 The fixed account offers a guaranteed minimum interest rate of 1.5%. Rates subject to change.
2 Limited to the insured’s policy age being between age 60 and 85 and waiting period of 10 years for issue age 0-59, and 5 years for issue ages 60+. Please refer to the policy for complete details.
Neither North American nor its agents give legal or tax advice. Please consult with and rely on a qualified legal or tax advisor before entering into or paying additional premiums with respect to such arrangements.
The tax-deferred feature of the indexed universal life policy is not necessary for a tax-qualified plan. In such instances, you should consider whether other features, such as the death benefit and optional riders make the policy appropriate for your needs. Before purchasing this policy, you should obtain competent tax advice both as to the tax treatment of the policy and the suitability of the product.
Policy loans and withdrawals from life insurance policies generally are not subject to income tax, provided the contract is not a Modified Endowment Contract (MEC), as defined by section 7702A of the Internal Revenue Code. A policy loan or withdrawal from a life insurance policy that is a MEC is taxable upon receipt to the extent cash value of the contract exceeds premium paid. Distributions from MECs are subject to federal income tax to the extent of the gain in the policy and taxable distributions are subject to a 10% additional tax prior to age 59 1/2, with certain exceptions. Policy loans and withdrawals will reduce cash value and death benefit. Policy loans are subject to interest charges. Consult with and rely on your tax advisor or attorney on your specific situation. Income and growth on accumulated cash values is generally taxable only upon withdrawal. Adverse tax consequences may result if withdrawals exceed premiums paid into the policy. Withdrawals or surrenders made during a surrender charge period will be subject to surrender charges and may reduce the ultimate death benefit and cash value. Surrender charges vary by product, issue age, sex, underwriting class, and policy year.
Indexed universal life products are not an investment in the “market” or in the applicable index and are subject to all policy fees and charges normally associated with most universal life insurance.
TEXAS RESIDENTS: Receipt of acceleration-of-life-insurance benefits may affect your, your spouse’s or your family’s eligibility for public assistance programs such as medical assistance (Medicaid), Aid to Families with Dependent Children (AFDC), supplementary social security income (SSI), and drug assistance programs. You are advised to consult with a qualified tax advisor and with social service agencies concerning how receipt of such a payment will affect your, your spouse’s, and your family’s eligibility for public assistance.
Life insurance policies have terms under which the policy may be continued in force or discontinued. Current cost of insurance rates and interest rates are not guaranteed. Therefore, the planned periodic premium may not be sufficient to carry the contract to maturity. The Index Accounts are subject to caps, participation and spread rates. In no case will the interest credited be less than 0 percent. Please refer to the customized illustration provided by your agent for additional detail. The policy’s death benefit is paid upon the death of the insured. The policy does not continue to accumulate cash value and excess interest after the insured’s death. For costs and complete details, call or write North American Company for Life and Health Insurance, Administrative Office, One Sammons Plaza, Sioux Falls, SD 57193. Telephone: 877-872-0757.
The term financial professional is not intended to imply engagement in an advisory business in which compensation is not related to sales. Financial professionals that are insurance licensed will be paid a commission on the sale of an insurance product.
Annexus and their affiliated agencies are independently contracted with North American Company for Life and Health Insurance.
Secure Horizon IUL is issued on form P100/ICC22P100 (policy), E100/ICC22E100, E101/ICC22E101, E103/ICC22E103, E104/ICC22E104, E105/ICC22E105, E109/ICC22E109, E110/ICC22E110, E111/ICC22E111, E115/ICC24E115, E117, R100/ICC23R100, R101/ICC23R101, R102/ICC23R102, R103/ICC23R103, R106/ICC22R106, (riders/endorsements) or appropriate state variation by North American Company for Life and Health Insurance®, West Des Moines, IA. Products, features, endorsements, riders or issue ages may not be available in all states. Limitations or restrictions may apply.
Sammons Financial® is the marketing name for Sammons® Financial Group, Inc.’s member companies, including North American 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.
1822NW-22
07/25