North American will be discontinuing sales of Custom GrowthCV and Custom TermGUL due to decreased sales volumes of these two products. All applications for these products, whether for new business, conversions, or internal replacements, must be received in our administrative office on or before Tuesday, March 1, 2016. Any applications received on March 2, 2016 or later will be returned to the managing general agent.
These products will be removed from the NACIS illustration software in late February. We will also be removing references to these products from our web sites and marketing materials over the next several weeks.
Although these products will no longer be available, North American will continue to offer a comprehensive portfolio of life insurance products to meet your marketing needs. These include: ADDvantage term insurance, Custom Guarantee UL universal life insurance, and our indexed universal life series: Builder IUL, Gurarantee Builder IUL, Rapid Builder IUL, and Survivorship GIUL.