Is the North American Company insurance company good?Company credit rating and product insurance introduction

therefore,North American (North American Life)The credit rating is relatively good. AM Best gave "A+"Rating. At the same time Standard & Poor's continued to rate"A+"The rating, Comdex in the December 2018 report, gave "88"The high score, which representsNorth American (North American Life)Be classified as first-classLife insurance companyRanks.

The following is a list of ratings ( Click to see how to interpret the rating ):

• A+ (Superior): AM Best.
• A +: Standard & Poor's/Standard & Poor's
• A+: Fitch/Fitch

North American Life Insurance Product Line

North American (North American Life)The product line includes the following four types:

• Term / term life insurance
• Universal / Universal Insurance
• Indexed Universal Life / Indexed Universal Life
• Annuity / Annuity

TERM Term Life Insurance

North American (North American Life)The term life insurance is called ADD vantage Term Life, Provide a fixed premium and insured amount.You can choose to insure for 10 years, 15 years, 20 years or 30 years.

Additional terms (Riders)Have: Disability waiver of premium, Children's insurance, as well as Accelerated death benefit (withdraw in advance).

Life insurance: Universal Life Insurance

North American (North American Life)There have been 4 Universal Life insurance policies for policyholders to choose from, namely:

• Custom Accumulator
• Custom GrowthCV
• Custom Guarantee
• Custom Term GUL 

but,North American (North American Life)The entire universal insurance product line has been reduced and consolidated.Nowadays, the choice of universal insurance products only provides guaranteed claimsCustom Guarantee, The death claim protection of this product is guaranteed until the age of 120.

The premium method of this GUL product is very flexible.If you choose to pay until the age of 100, there is no need to continue to pay premiums after the age of 100.

Custom GuaranteeThe feature is to provide a flexible premium payment cycle and premium amount. At the same time, when a disease occurs, the compensation can be withdrawn for treatment before death.

Whole life life insurance: IUL index universal insurance

North American (North American Life)After 2021, provide 3 types of index universal insurance (Indexed Universal Life) Products, they are:

1. Builder Plus IUL (Product introduction and evaluation)-Prefers to provide strong cash value accumulation ability.Allows policyholders to earn interest based on stock market indexes without directly investing money in the stock market.Accumulate cash value for future financial needs.Is happeningMajor diseases, chronic diseases and end-stage diseasesAt the time, you can withdraw in advance or borrow from the insurance policy.After 2022, the product is acceptablePremium loanproject.
2. Guarantee Builder IUL – In Builder IULOn the basis of, guarantee to provide death claims until the age of 120.In the event of chronic diseases, you can withdraw in advance, or you can borrow and withdraw from the insurance policy. (Has been removed)
3. Protection Builder IUL - It is more focused on providing protection capabilities, and also provides a certain amount of cash value accumulation capabilities.Provide comprehensive CCTWelfareSettlement of claims.
4. Smart Builder IUL – Favor the early accumulation of cash value.Mainly for older people, 1035 policy items, and corporate projects.The maximum annual premium can reach $1,000,000.

Annuity products Annuity

North American (North American Life)In addition to the life insurance product line, supplements to annuity products are also provided. They are:

1. Fixed index annuity
2. Traditional fixed-rate annuity
3. Immediate annuity

North American (North American Life)Final evaluation

If just considerTerm life insuranceThe price of the product, perhaps North American (North American Life) Term product, is not very prominent.

The U.S. financial and insurance industry regulatory system in 2020-2021Significantly updatedLater, the American life insurance industry and its products after the change have undergone tremendous changes.

Since 2022, North American (North American Life)’sIULIndex products,Provides the market’s top policy bonuses and strong cash value accumulation capabilities,At the same time, it also provides comprehensiveWelfare(Major illness/chronic illness/terminal illness) claims.

If the policyholder considers usinglife insurance和Annuity insuranceIf two types of products are used to manage assets and plan for retirement and retirement, then these services can be provided at the same time, and there are products with different focuses for the insured investor to chooseLife insurance companyIt has obvious advantages.

All in all, if the policyholder wants to find a service brand with a long history, robust products, and consistently focusing on the financial life insurance field, then North American (North American Life) is one of the good choices.