Whole Life

Executive Protection

Original line of business: North American Life

Updated on: Dec 13, 2018

Product snapshot

The Executive Protection product was a whole life, participating policy with premiums payable for life. These policies had fully guaranteed cash values.

Basic product information

Product administration guide: N/A

Sample contract: N/A

Dividend options: Yes

Bonus: N/A

Dividend options

  • Cash
  • Premium reduction
  • Accumulation
  • Loan reduction
  • Paid-up additions
  • alis enhanced protection
  • Indexed protection 

(There may be other dividend options available. Please verify the contractual wording)



Premium paying period

Premiums are payable for life

Policy fees

Varies by version

Deposit load


Values, loans & withdrawals

Non forfeiture option: Yes

Loans: Yes

Withdrawals: Yes

Non-forfeiture option

Automatic premium loan (APL)


Loans are available


Dividend can be withdrawn

Cash value

This policy has guaranteed cash values

Reduced paid up

If the policy was issued prior to Dec. 2, 1982: 

Can go reduced paid up anytime 

If the policy was issued after Dec. 1, 1982: 

Can go reduced paid up at the end of the 20th policy year


Riders & benefits

Premium offset/holiday: N/A

Premium offset/holiday


Death benefit

Basic coverage plus any dividends

Reinstatement period