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North American Company Review for 2017

Review for North American Company For Life and Health

Are you looking for North American Company reviews to help you decide whether or not to purchase life insurance from them? If so, you’ve come to the right place. This review of North American Company is designed specifically to help you gather more information to help you in your search for the best life insurance policy.

North American Company is one of our top no medical exam life insurance companies because of the no exam policies they offer. But before you purchase a policy from North American, you need more info than that. So keep reading this North American Company review.

Review of North American Company for Life and Health

About North American Company

North American specializes in life and health insurance. They are a privately owned company and they are quite conservative when it comes to investments. This means your money is likely to be safe and they take protecting their assets seriously.

North American Company Ratings

North American Company has been rated by at least two of the most notable financial institution rating organizations out there: A.M. Best and Standard & Poor’s. Both of these companies have awarded North American Company a great rating and this should put consumers at ease.

A.M. Best rated North American Company an A+. An A+ rating means “Superior” and is one of the highest ratings possible. Not many life insurance agencies get an A+ from A.M. Best, so it really speaks volumes about North American Company.

Standard & Poor’s rated North American Company an A+. This is a “Strong” rating, and as was the case with A.M. Best, this rating is not given to very many life insurance companies. Standard & Poor’s high rating for North American really says a lot.

Two A+s! That’s a great report card for North American Company. If you are considering to purchase a life insurance policy from North American, then these ratings should make you feel good about your choice!

North American Company underwrites policies for the elderly. A lot of life insurance companies will not underwrite a policy for elderly persons, and if they do, the coverage isn’t that great. Not the case with North American! North American insures people up to 85 years old.

You have a great chance at getting a top rate class – even if you have some health problems. Unlike other insurance companies, North American won’t automatically hike the price on insurance just because of your health. Even things like high blood pressure won’t necessarily disqualify you from a really great rating class. The underwriters at North American Company are creative and work hard to get you the very best rate possible.

 

Term Life Insurance Polices offered by North American

 

LifeVue Simplified Issue Life Insurance

This is a life insurance policy that comes in 15, 20 and 30 year terms. As a simplified issue term policy you will answer medical questions, but will not take a paramedical exam. You will also not have to do a blood test or offer a urine sample.

Snapshot of LifeVue Simplified Issue

  • Death Benefit: $50,000-$500,000
  • Eligibility: 18-50
  • Approval Time: Usually less than 30 minutes
  • Classes: 7 different classes
  • Riders: Accelerated Death Benefit option

ADDvantage Term

This is a fixed premium and face amount level term life insurance policy that requires a medical exam.

Snapshot of ADDvantage Term
  • Terms: 10, 15, 20 and 30 year
  • Custom options available
  • Possible to convert

 

Universal Life Insurance

North American offers various Universal Life Insurance policies:

Custom GrowthCV: the main benefit is that it builds cash value

Custom Guarantee: Guarantee death benefit up to 120 and over 100 you don’t pay premiums!

Custom TermGUL: great for people who do not want to spend a lot on a life insurance policy

 

Indexed Universal Life

North American Company has some interesting Indexed Universal Life policies:

Builder IUL: this for people looking for long-term cash value accumulations

Guarantee Builder IUL: This life insurance policy provides a guaranteed death benefit up to 120 years of age.

Rapid Builder IUL: This is a builder, but with early cash value accumulation and early access to it.

Survivorship GIUL: This offers coverage for two people; after one dies, the survivor will receive the death benefit.

North American Company Life Insurance Rates

One of the best aspects of North American, is that they are really competitively priced. They consistently price their coverage superior to many competitors, making them a great choice for life insurance.

North American Company’s Drawbacks

This is a review for North American Company Life Insurance, which means we have to say some drawbacks or cons, don’t we? We would like to remind you that this is a fair and neutral North American Company review…it’s just that we don’t have a whole lot of bad stuff to say! With great ratings and great products, North American Company truly does stand out as one of the best life insurance companies out there.

One thing that stands out, however, is that you can’t buy North American Company from just anyone. A lot of life insurance companies are available, well, everywhere. But North American Company is quite picky in that respect. Only respected life insurance agents that they know and trust can sell North American Company Life Insurance.

North American Company…is it right for you?

The only other drawback about purchasing a life insurance policy from North American company is the fact that it means you won’t be purchasing for another company. Some life insurance companies just handle certain situations better. Do you have a specific existing disease? North American Company may be the right company for you…but it may not. You’ll only really know the answer to this if you compare and contrast multiple life insurance companies and what they have to offer.

You don’t have time for all that! That’s why you need to trust an unbiased expert. We are that expert!

With years of experience in the life insurance industry, we know a lot about North American Company and dozens of other top life insurance companies out there. Once we know more about you, we can help you figure out which life insurance company and which life insurance policy is truly right for you.

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