Last Updated: March 2020
If you are considering purchasing a life insurance policy through North American Life Insurance company, you are in the right place. We have worked directly with North American to help 100’s of people find life insurance.
- North American Life Insurance Company History & Financial Ratings
- Policies Offered by North American Life Insurance Company
- Benefits of North American Life Insurance
- Compare North American Life Insurance to Other Companies
North American Life Insurance Company History & Financial Ratings
Founded as North American Accident Association in 1886, this privately held company has withstood the test of time, the Great Depression and two world wars. North American Life Insurance was the first company to provide a disability insurance policy for women and continues to instill confidence in its customers over 125 years since its inception.
North American life insurance currently has over 500,000 policies and annuity contracts in force. In 2018, they paid over $431 million in life insurance claims.
The company follows a conservative and disciplined investment strategy and this focused effort has helped them withstand the toughest of times and retain high levels of industry and consumer confidence. However, this conservative approach does not keep North American from consistently creating new products and finding ways to enhance it services to keep pace with other insurance providers.
Here are the ratings for North American Life Insurance:
- A.M. Best: “A+” (superior) rating
- Affordability Index: 9.4
- Ease of Applying: 9.1
- Customer Service: 9.7
- COMDEX Ranking: 92
A.M. Best is the industry benchmark for financial strength in the life insurance industry. The other three metrics are based on a number of factors including our industry knowledge of North American compared with other companies. The COMDEX ranking is a composite score that considers A.M. Best and other top ratings agencies.
These ratings reflect North American’s strong financial standing and operating performance.
Policies Offered by North American Life Insurance Company
North American has a few different policy options:
- Term Life Insurance
- Universal Life Insurance
- Indexed Universal Life Insurance
- Guaranteed Universal Life Insurance
Benefits of North American Life Insurance
North American is a great company for a variety of scenarios. We’ll explain these situations below to help you decide if they are the right life insurance company for you.
They Offer Competitive Rates for Guaranteed Universal Life Insurance
What makes this insurance company stand out is its very competitive guaranteed universal life policies.
These policies are also referred to as “term for life”.
If you are looking for a life insurance policy that remains level for the rest of your life, North American Life Insurance delivers some of the best rates in our industry in many cases.
They Have Low Term Life Insurance Rates For Certain Ages
For certain age bands and health classes, their term life insurance rates can be very competitive as well.
Great Customer Service
Our review of North American Company Life and its operations also show that this company focuses on its customers.
They make a point to instill consumer confidence in their ability to deliver complete customer satisfaction. North American does its best to maintain superior customer service experience.
With that being said we do still advise you to look into other top life insurance companies and decide on what will work best for you and your needs.
Compare North American Life Insurance to Other Companies
It is always wise to compare multiple companies and policies before making a decision. Take into account your health, family’s needs, and purpose for purchasing a policy.
Below are some other company reviews to consider and compare with North American’s offerings: