NOTE: We are not North American Company for Life and Health Insurance. If you need to contact North American, please call them at (877) 872-0757 or contact them through their website:
North American
One Sammons Plaza
Sioux Falls, SD 57193

About North American Life

Founded in 1886, North American has stood strong to help protect those who count on them for financial security. Through two world wars, the Great Depression, and multiple recessions, North American’s private ownership and focus on the long term has instilled trust and confidence in those that depend on them. Now with almost 125 years under its belt, North American has over $9.1 billion in assets.

It’s important to have a financially strong carrier on your side. Part of what allows North American to maintain its financial strength is the stability that comes with its unique ownership. As part of a privately held company, they are not subject to the short-term earnings pressures that publicly held companies face. They are a company with plans to perpetuate itself for hundreds of years, not the next quarter or fiscal year. They focus on the long term. They focus on you. North American’s asset quality is excellent. Overall net investment income provides ample margins to cover contractual obligations to all policy owners.

North American’s Financial Strength

Whether the insurer you are considering doing business with is publicly or privately owned, it’s essential that you check its financial ratings before you decide on purchasing any product or service. There is no correlation between low rates and outstanding service nor is there any correlation between the number of policyholders and financial ratings.

It literally just takes minutes to determine whether the company you are considering is financially stable and can live up to keeping its promise to pay over decades.

North American Company’s current financial ratings demonstrate that management is keeping the financial house in order:


Rating ServiceCompany RateDescription
A.M. BestA+Superior
S&P Global RatingsA+Strong
Fitch RatingsA+Stable

Click Here for more financial information about North American Company.

North American Company Life Insurance

North American logo

North American Company is not a follower when it comes to types of insurance they offer. By that we mean instead of bombarding the customer with endless flavors of the products they offer, North American prefers to offer what customers have shown they want the most of.

To minimize life insurance confusion, North American offers a selection of three types of insurance; Term Life Insurance, Universal Life Insurance, and Indexed Universal Life.

ADDvantage Term Life Insurance

North American’s Addvantage term policy is a solid solution for individuals and families looking to replace the income of a breadwinner who dies unexpectedly.

This term policy is available in terms of 10, 15, 20, and 30-years and the policy includes a conversion option so that policyholders can convert the term insurance to permanent insurance without having to prove insurability.

North American also offers optional riders for applicants who want to broaden their coverage and add living benefits to their insurance policy.

The accelerated death benefit allows the insured to collect up to 75% of the death benefit or $250,000 (whichever is lower) in advance if they are diagnosed with a terminal illness that will likely result in death within 2 years.

This optional rider provides for the insurance company to waive your premiums if you become disabled and unable to work.

This rider allows applicants who qualify for Super Preferred Non-Tobacco or Preferred Non-Tobacco rates to purchase additional coverage at a later date with no medical exam required.

For consumers who are more concerned about rates, here are North American’s actual rates for a $500,000 20-year policy for a very healthy male and female non-smoker:

Age of ApplicantMale Non-SmokerFemale Non-Smoker


Permanent Life Insurance Products

North American Company offers several types of universal life insurance so that individuals and families will have a choice of insurance that best meets their insurance needs and financial goals.

Custom Guarantee Universal Life

The Custom Guarantee UL was designed for individuals who’s priority is a guaranteed death benefit. Although this policy does build cash value over time, the returns that are earned are focused on keeping the policy in force for a lifetime.

The death benefit in the Custom Guarantee UL is etched in stone for the first five years and then extended to age 100 by using the Extended No Lapse Guarantee rider.

Builder Indexed Universal Life

The Builder IUL policy allows the policyholder to earn tax-deferred interest based on the performance of market indices without having to actually invest in the market. The policy also contains a “floor” rate which prevents the cash account from losing money in a down market. The policyholder can access the cash account through policy loans which are tax-free.

Guarantee Builder IUL

The Guarantee Builder IUL is similar to traditional Guarantee Universal Life but accumulates more cash since the cash value earns interest based on the performance of market indices rather than a fixed amount that is based on the performance of the insurer’s investments.

Rapid Builder IUL

The Rapid Builder IUL provides the ability for the cash account to earn interest based on the performance of market indices without actually investing in the market. The interest rate will never be less than zero and the policyholder can access a portion of the death benefit to help cover the cost of chronic or critical illnesses or to help pay for long-term care.

Survivorship GIUL

Also known as second-to-die insurance, North American’s Survivorship GIUL was designed to cover two individuals and will pay the death benefit when the last insured dies. The policy was designed to help children deal with estate and inheritance taxes. This policy also earns interest based on the performance of market indices without the risk of loss in a down market.

Although Indexed Universal Life Insurance is a great vehicle for wealth accumulation, North American Company also offers annuity products for consumers who prefer them. They are currently offering three annuities for investing: Fixed Index Annuities, Traditional Fixed Rate Annuities, and Immediate Annuities.

For more information about North American Company for Life and Health Insurance or if you have other insurance questions, call the insurance professionals at at (866) 868-0099 during normal business hours or contact us through our website.

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Richard Reich
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