Facing a Less Favorable Market

Facing a Less Favorable Market We want to show how your indexed universal life (IUL) policy could perform if held during a less favorable market. For this reason, we have illustrated projected policy values using an assumed average credited rate of 5.3%. This rate is the index s average credited rate from 2000 to 2009. 1 We chose 2000 to 2009 because it is considered a decade with poor market performance. This time period captures the market crashes of both 2001 and 2008, along with the associated recovery. From 2000 to 2009, the S&P 500 had an average annual rate of return of -1% 1. We know you ll appreciate seeing how your account values could grow if the market continued to struggle while you held your IUL policy 1 Including dividends. This historical performance of the S&P 500 is not intended as an indication of its future performance and is not guaranteed. 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. THE STANDARD & POOR'S 500 COMPOSITE STOCK PRICE INDEX; THE STANDARD & POOR'S MIDCAP 400 COMPOSITE STOCK PRICE INDEX; and THE DOW JONES INDUSTRIAL AVERAGETM (DJIA ) COMPOSITE STOCK PRICE INDEX: These Indices do not include dividends paid by the underlying companies. The S&P 500, S&P MidCap 400 and DJIA Indices ( Indices ) are products of S&P Dow Jones Indices LLC or its affiliates ( SPDJI ) and have been licensed for use by North American Company for Life and Health Insurance. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC ( S&P ); Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC ( Dow Jones ); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by North American Company for Life and Health Insurance. The product is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, or their respective affiliates and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the Indices. The agent presenting this brochure is an independent agent contracted with North American Company for Life and Health Insurance. 5.3% SFT003

Illustration Highlights * Non-Guaranteed Assumed Interest Rate 1 of 5.3% Initial Death Benefit Annual Premium Total Premium Paid $341,555 $10,000 $250,000 Total Account Value 2 Age 65 Spacer Annual Potential Tax-Free Income 3 Spacer Average Annual Net Return (death benefit paid age 90) $488,530 $31,751 5.27% * Excerpt from prepared illustration. Values are not guaranteed and are based solely on the assumptions and projections made in the illustration. Actual values may be higher or lower than illustrated and are likely to vary with market fluctuations. This information is hypothetical and not intended to project or predict investment results. 1 The non-guaranteed assumed interest rate is the average return of the S&P 500 1-Year Annual Point-to-Point Index, before cost and expense charges, over consecutive 25-year periods starting in 1950. This illustration assumes that non-guaranteed values shown continue in all years. This is not likely, and actual results may be more or less favorable than illustrated. This is an average based on past performance and is not intended to predict future performance. 2 Values shown are net of all mortality and expense charges. 3 As policy loans. Please see your illustration for complete details on policy loan types, features and limitations.

Cumulative Cash Flow Summary 1 1 This supplemental report assumes the nonguaranteed values shown continue in all years. This is not likely, and actual results may be more or less favorable. The information presented is hypothetical and not intended to project or predict investment results. This report is not valid unless accompanied by a complete illustration from the insurance carrier. 2 Assumes death benefit paid at age 90. Total Premium Paid: $250,000 Total Withdrawals: $1,022,573 (including death benefit 2 )

Disclosures These disclosures apply to this presentation in its entirety. This report reflects the potential difference in income that can be derived from financial options with varying tax treatments. The primary purpose of life insurance is to provide a death benefit, and is just one component of a client s overall financial strategy. While the primary purpose of life insurance is the death benefit, indexed universal life insurance policies also offer the potential for cash value accumulation, and loans may be taken against the available cash value for any purpose, including to help supplement retirement income. Pursuant to IRS Circular 230, and per the license limitations of the licensed professional presenting this material, this proposal is not intended to offer or provide, and no statement contained herein shall constitute tax or legal advice. See qualified professionals in these areas before making any decisions about your individual situation. Your financial professional is not permitted to offer, and no statement contained herein shall constitute, tax or legal advice. 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. It is important to note that taking loans will reduce any available cash value and death benefit amounts. It is also important to note that policy charges will continue to be deducted to cover the full death benefit of the policy. Permanent life insurance requires monthly deductions to pay the policy s charges and expenses, some of which will increase as the insurer gets older. These deductions may reduce the cash value of the policy. 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 and participation 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 details. 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 cost and complete details, call or write North American Company for Life and Health Insurance, Administrative Office, Sioux Falls, SD 57193. Telephone: (800) 888-3656. Policy loans 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. This supplemental report is not complete without all pages and is not valid unless accompanied by a complete illustration from the insurance carrier. Illustration Disclosures: All projections in this presentation are based on the data provided and rely on the validity of that data. This report is neither a contract nor part of your policy, but is designed to show you the potential advantages of life insurance in your overall financial strategy. Individuals should consider their time horizon, risk tolerance, and current and anticipated income tax brackets when making a final decision. The values illustrated in this presentation are based on historic and/or current market rates and are not a guarantee of future results. Your personal results will vary as market conditions change. Builder IUL, form number LS172, is issued by North American Company for Life and Health Insurance, Administrative Office, Sioux Falls, SD 57193. Products, features, riders, endorsements or issue ages may not be available in all jurisdictions. Limitations and restrictions may apply. This entire document, excluding insurance company-produced illustrations, is 2015 Stonewood Financial Tools.

Powered by TCPDF (www.tcpdf.org) THE STANDARD & POOR S 500 COMPOSITE STOCK PRICE INDEX; THE STANDARD & POOR S MIDCAP 400 COMPOSITE STOCK PRICE INDEX; and THE DOW JONES INDUSTRIAL AVERAGETM (DJIA ) COMPOSITE STOCK PRICE INDEX. These Indices do not include dividends paid by the underlying companies. The S&P 500, S&P MidCap 400 and DJIA Indices ( Indices ) are products of S&P Dow Jones Indices LLC or its affiliates ( SPDJI ) and have been licensed for use by North American Company for Life and Health Insurance. Standard & Poor s and S&P are registered trademarks of Standard & Poor s Financial Services LLC ( S&P ) and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC ( Dow Jones ). The trademarks have been licensed to SPDJI and have been sublicensed for use for certain purposes by the Company. The Product is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, any of their respective affiliates (collectively, S&P Dow Jones Indices ). S&P Dow Jones Indices does not make any representation or warranty, express or implied, to the owners of the Product or any member of the public regarding the advisability of investing in securities generally or in this Product particularly or the ability of these Indices to track general market performance. S&P Dow Jones Indices only relationship to North American Company for Life and Health Insurance with respect to these Indices is the licensing of the Index and certain trademarks, service marks and/or trade names of S&P Dow Jones Indices and/or its licensors. The Indices are determined, composed and calculated by S&P Dow Jones Indices without regard to North American Company for Life and Health Insurance or the Product. S&P Dow Jones Indices has no obligation to take the needs of the North American Company for Life and Health Insurance or the owners of this Product into consideration in determining, composing or calculating these Indices. S&P Dow Jones Indices is not responsible for and have not participated in the determination of the prices, and amount of the Product or the timing of the issuance or sale of this Product or in the determination or calculation of the equation by which the Product is to be converted into cash, surrendered or redeemed, as the case may be. S&P Dow Jones Indices has no obligation or liability in connection with the administration, marketing or trading of the Product. There is no assurance that investment products based on these Indices will accurately track index performance or provide positive investment returns. S&P Dow Jones Indices LLC is not an investment advisor. Inclusion of a security within an index is not a recommendation by S&P Dow Jones Indices to buy, sell, or hold such security, nor is it considered to be investment advice. S&P DOW JONES INDICES DOES NOT GUARANTEE THE ADEQUACY, ACCURACY, TIMELINESS AND/OR THE COMPLETENESS OF THESE INDICES OR ANY DATA RELATED THERETO OR ANY COMMUNICATION, INCLUDING BUT NOT LIMITED TO, ORAL OR WRITTEN COMMUNICATION (INCLUDING ELECTRONIC COMMUNICATIONS) WITH RESPECT THERETO. S&P DOW JONES INDICES SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY FOR ANY ERRORS, OMISSIONS, OR DELAYS THEREIN. S&P DOW JONES INDICES MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES, OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE OR AS TO RESULTS TO BE OBTAINED BY NORTH AMERICAN COMPANY FOR LIFE AND HEALTH INSURANCE, OWNERS OF THE PRODUCT, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE INDICES OR WITH RESPECT TO ANY DATA RELATED THERETO. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT WHATSOEVER SHALL S&P DOW JONES INDICES BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE OR CONSEQUENTIAL DAMAGES INCLUDING BUT NOT LIMITED TO, LOSS OF PROFITS, TRADING LOSSES, LOST TIME OR GOODWILL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, WHETHER IN CONTRACT, TORT, STRICT LIABILITY, OR OTHERWISE. THERE ARE NO THIRD PARTY BENEFICIARIES OF ANY AGREEMENTS OR AGREEMENTS BETWEEN S&P DOW JONES INDICES AND THE COMPANY, OTHER THAN THE LICENSORS OF S&P DOW JONES INDICES. The Builder IUL product is not sponsored, endorsed, sold or promoted by S&P 500 and the S&P 500 makes no representations regarding the advisability of purchasing this contract or contributing to this product.