North American Life Insurance Review 2026

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.

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.

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 North American's official website.
2. Gather required documents. A certified death certificate is required at minimum.
3. Submit all materials to North American by mail or email.
4. Await confirmation of receipt and processing status.

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's indexed universal life lineup, which includes six distinct IUL products with built-in living benefits, makes it a solid choice if you want long-term cash value and estate planning flexibility. The company also ranks among the best universal life insurance companies, particularly for older applicants.

If you're looking for affordable short-term coverage, North American may not be your best option. Based on our analysis, Transamerica offers the lowest term life insurance rates, averaging $37 per month for 40-year-old nonsmoking women and $46 per month for 40-year-old nonsmoking men. This makes it worth considering if keeping premiums down is the priority. Our cheapest life insurance guide can help you compare options.

North American also doesn't offer whole life insurance. The company won't work if you need guaranteed cash value growth with fixed premiums. Compare the best whole life insurance companies if this is the type of coverage you want.

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.

Weigh North American against other carriers with the help of our best life insurance companies analysis. Compare scores across affordability, customer experience and coverage.