Strategic Accelerator® IUL 3

Strategic Accelerator® IUL 3 indexed universal life (IUL) insurance provides death benefit protection, alongside early cash value growth potential, and access to cash value to benefit clients down the road. With Strategic Accelerator® IUL 3, your clients can leverage existing client funds into a larger death benefit with the opportunity to add more premium and the potential to accelerate a portion of the death benefit with the accelerated death benefit endorsement, for a qualifying critical, chronic, or terminal illness. With Strategic Accelerator® IUL 3 there is zero premium load, and offers an optional Waiver of Surrender Charge Option Rider (for an additional cost¹) that is selected at the time of application and provides immediate liquidity allowing the policy’s potential cash value to be accessed.²

Use these resources to familiarize yourself with Strategic Accelerator® IUL 3 and its value-add features.

Agent Materials

Download these materials to share in a meeting, send in a follow-up email or visit Supply Warehouse to order copies to keep on hand!

Consumer Materials

Explore common sales concepts of Strategic Accelerator® IUL 3

Business Concepts

Smart Money

Client Review

Highlights

No premium load
0% surrender charge with the optional Waiver of Surrender Charge (WOSC) Option Rider (available for a cost¹)
10% of the account value is available for a penalty-free withdrawal beginning in policy year two
Protected Death Benefit Endorsement
Accelerated death benefits for critical, chronic and terminal illness³
Face amounts starting at $100,000

Key Focuses

Death benefit protection
Early access to cash values

Permanent life insurance blog posts

Use these client-friendly blog posts in your social media content or as an additional resource to help clients understand the value of life insurance.

Should you get life insurance after you retire?

Even though policies may cost more for older individuals, there are still affordable solutions available that can also offer additional benefits.

Should married couples retire together?

Here are several factors to consider as you plan for retirement and decide if you’ll cross the work-life finish line together.

1. Surrender charges will not be waived if the policy is surrendered under an external 1035 exchange (except in FL). A decrease charge will be assessed if a reduction in the specified amount is requested during the waiver of surrender charge period. However, if a partial withdrawal results in a reduction of the specified amount, the withdrawal charge is waived. Available for an additional charge of $1,000 per month, depending on issue age and underwriting class.

2. In some situations loans and withdrawals may be subject to federal taxes. Midland National does not give tax or legal advice. Clients should be instructed to consult with and rely on their own tax advisor or attorney for advice on their 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 withdrawal charges, processing fees, or 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.

3. Subject to eligibility requirements.

Agents offering, marketing, or selling accelerated death benefits for chronic illness in California must be able to describe the differences between benefits provided under an accelerated death benefit for chronic illness and benefits provided under long-term care insurance to clients. You must provide clients with the ADBE Consumer Brochure for California that includes this comparison. Comparison is for solicitation purpose only, not for conversions.

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.

Strategic Accelerator® IUL 3 is issued by Midland National® Life Insurance Company, West Des Moines, IA. Products, features, riders, endorsements, or issues ages may not be available in all jurisdictions. Limitations or restrictions may apply.

The Protected Death Benefit cannot be elected if the Over loan Protection Benefit is in effect.

While the primary use of life insurance is death benefit protection, your clients may also have other needs that can be met through life insurance. The sales concepts and accompanying marketing materials may help you broaden your sales potential. As independent contractors, it is up to you to choose which of these concepts may work for your particular sales strategy and clients, and which do not. Please note that Midland National does not require you to use any of these sales concepts; they are resources that can be used at your discretion for your own individualized sales presentations.

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FOR AGENT USE ONLY. NOT TO BE USED FOR CONSUMER SOLICITATION PURPOSES.

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