North American Life Insurance Review 2026

North American life insurance works well for people seeking long-term protection and financial flexibility. The company's focus on permanent life insurance options, particularly universal and indexed universal life, makes it ideal for building cash value while maintaining lifetime coverage.

You should consider North American if you're planning multi-generational financial security, earning a high income and building tax-advantaged assets, or own a small business needing succession or key-person coverage. The company works well for consumers who prefer collaborating with financial professionals to customize their coverage.

North American sells various life insurance products that address different protection and financial planning needs.

North American's ADDvantage® Term Life provides temporary coverage with fixed premiums for 10, 15, 20 or 30 years. Renew until age 95 and switch to permanent coverage without another medical exam. Get this if you need protection tied to a timeframe, like paying off your mortgage or covering income loss.

Healthy applicants who qualify can skip the medical exam through the WriteAway® Accelerated Underwriting program. Approvals happen fast, and you'll often have your policy within 48 to 72 hours.

Rates shown reflect average quotes for applicants with average weight and health ratings. Your premiums may differ based on your age, health, lifestyle and coverage needs.

North American sells whole life insurance with permanent protection, fixed premiums and cash value that grows at a guaranteed rate. You won't find this product highlighted on the consumer website because financial professionals handle these sales. The coverage lasts your entire life with set payments and growth you can tap into for future financial needs.

You can also convert your term policy to whole life later without losing your coverage. Premiums and benefits never change, making this a good fit when you want stability and don't need adjustable coverage.

Rates shown reflect average quotes for applicants in good health. Your actual premiums may be higher or lower based on your age, health, lifestyle and coverage needs.

The Custom Guarantee® Universal Life policy provides lifetime protection with flexible premium payments and a guaranteed death benefit.

This universal life insurance policy lets you adjust payment schedules and maintain guaranteed coverage up to age 120.

Rates shown reflect average quotes for applicants in good health. Your actual premiums may be higher or lower based on your age, health, lifestyle and coverage needs.

North American's indexed universal life insurance products combine flexible lifetime coverage with cash value accumulation potential based on market index performance, such as the S&P 500. Each policy includes a 0% floor to protect against market downturns while allowing participation in market growth up to the index cap.

• Builder IUL: Mixes growth with protection when you want long-term cash buildup
• Builder Plus IUL: Adds extra interest-crediting perks and bonus multipliers to boost growth
• Rapid Builder IUL: Builds cash value fast so you get access to funds earlier
• Guarantee Builder IUL: Prioritizes guaranteed death benefits with some accumulation
• Legacy Optimizer: Single-premium IUL for passing wealth or planning your estate
• Survivorship GIUL: Insures two people and pays out after both die, useful for estate planning and leaving a legacy

Each IUL includes living benefits that allow you to accelerate a portion of the death benefit if diagnosed with a qualifying illness. The flexibility to adjust premiums, death benefit amounts and account allocations allows the IUL suite to serve diverse financial needs.

Rates shown reflect average quotes for applicants in good health. Your actual premiums may be higher or lower based on your age, health, lifestyle and coverage needs.

North American offers several riders to customize coverage to specific needs.

The North American claims process goes through the company's dedicated Life Claims Department. You can start a claim by phone, email or mail. Claim forms must be submitted with a certified death certificate and proof of identification.

Steps to File a Claim:

1. Download and complete the claim form from the official website.
2. Gather required documents, including a certified death certificate.
3. Submit all materials to North American via mail or email.
4. Wait for confirmation and processing.  

Contact Information:

• Phone: 877-733-2524
• International calls: 712-847-1334
• Email: LifeCorrespondence@SFGmembers.com
• Mail: One Sammons Plaza, Sioux Falls, SD 57193
• Claims Forms: https://www.northamericancompany.com/life-claim-forms

North American life insurance is a good choice for those seeking permanent life insurance with cash value growth potential.

These frequently asked questions address common concerns about North American's coverage options and processes. The answers give you essential information when evaluating the company's products.

North American Life Insurance's agent-only sales model and focus on permanent coverage create unique considerations for buyers accustomed to online insurance shopping. We designed our North American Life insurance review to evaluate whether the company's traditional approach and comprehensive product lineup justify working with a financial professional rather than buying coverage online.

We evaluated North American across three weighted categories that reflect what matters most when selecting permanent life insurance coverage:

• Affordability (55%): Premium costs across different customer profiles and coverage amounts
• Customer Experience (30%): Claims processing speed, customer service accessibility and overall policyholder satisfaction
• Coverage Options (15%): Available policy types, benefit amounts and additional riders

Rate Collection Process

We collected North American quotes using a standard profile to compare fairly with major insurers:

• 40-year-old male
• Nonsmoker
• 5 feet 9 inches tall and 160 pounds
• Average health rating

This baseline profile represents the demographic most likely to consider North American's permanent coverage options while creating consistent rate comparisons across the life insurance market. We then modified age, gender, height, weight, tobacco use and health rating to determine average North American costs for different customer types.

Coverage Analysis Scope

We collected quotes for varying term lengths and permanent coverage options to understand how North American's pricing scales with different policy sizes.