Which IUL is Better, Nationwide or North America?

[DWPCL]

What's the difference?

Both are paid out when you cannot perform at least 2 ADLs.

I know we need to be specific when dealing with the public because we don't want to misrepresent ourselves or our products... but the end result for the client is going to be about the same, right?

Okay, there could be a taxable event on accelerating a death benefit versus tax-free benefits from a true LTC policy. But I think that's probably the main difference?

Here's ANICO's Chronic Illness rider details: Independent Marketing Group of American National

A true LTC rider can be turned on and off in case the condition is not permanent. Also, a LTC rider reduces the death benefit dollar for dollar while a chronic illness rider reduces based on some formula. Those are some pretty big differences.

I am in FL however so maybe the chronic illness riders work differently here.