Benefits: Here is an example for North American Life Insurance Company. for there Index Life Insurance Product other Index Life Insurance Componies have similar benefits.

a.) Become Your Own Banker:
You can control access to capital and pay interest to your policy, rather than to a financial institution.

b.) Accelerated Wealth Building:
By paying interest on the loan to your own policy, you maintain and grow wealth within the structure.

c.) Access to Liquidity:
The policy cash value can be a readily available source of funds for emergencies or opportunities, without being tied to traditional lending.

d.) Critical Illness Benefit:

A doctor diagnoses you with one of the following conditions:

• Heart attack
• Cancer
• Kidney failure
• Blindness
• Stroke
• Organ transplant

You are allowed to claim 25% of the policy limit, or up to $50,000 per year.
There is no waiver of premium for this benefit.

e.) Chronic Illness Benefit:

A doctor diagnoses you with a chronic illness. This means you are unable to perform two of the daily activities, such as:

• Bathing
• Dressing
• Eating
• Toileting
• Grooming
• Mobility
• Transferring in or out of a bed or chair

Premiums are waived for 12 months while on claim. You are allowed to claim 24% of the death benefit, up to $480,000.

f.) Terminal Illness Benefit:

A doctor diagnoses you with an illness giving 12 months to live or less. Monthly life insurance premiums are waived during this 12-month period.

You are allowed to claim 90% of your death benefit, up to $1,000,000. The remaining balance of the death benefit is paid to your beneficiary at the time of death.

g.) Loan Protection:
Protects against policy lapse and paying taxes on a policy loan.