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Quality Verified
Last updated June 15, 2009
Since 1886, Chicago-based North American Company for Life and Health Insurance has established a tradition of producing quality insurance products. North American’s product line is marketed in 49 states and the District of Columbia.
North American is a product-driven company that provides protection oriented life insurance to the consumer. With a variety of competitive term products and universal life plans available, North American’s product portfolio allows consumers to purchase the life insurance plan best suited to their individual needs.
North American Life offers five different forms of life insurance. These are term, whole, universal, indexed universal and variable universal. Term life insurance is a temporary and affordable coverage option that can be converted into a permanent policy if financial circumstances change. Whole life insurance is a policy that offers the security of level premiuns and guaranteed permanent coverage. Universal life insurance offers whole life coverage and the flexibility of adjusting premiums and death benefits. Indexed universal life insurance offers death benefit guarantees. It also gives the insured the oportunity to earn interest linked with the upward movement of a stock market index without the risk of investing directly in the market. Variable universal life insurance provides a guaranteed death benefit and the oportunity for the insured to invest their premiums in various separate account investment portfolios.
Contact North American Company at:
North American Company 525 West Van Buren Chicago, IL 60607 Telephone: (800) 800-3656
Sources: “History and Purpose,” North American web sit, 2009; “Types of Life Insurance,” Midland National web site, 2009; “Contact Us,” North American web site, 2009