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North American Adds Term Product

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A Midwestern insurer has unveiled a policy aimed at consumers who want affordable life insurance.

North American Company for Life and Health Insurance, Chicago, has introduced the ADDvantage Term life insurance policy.

The product can guarantee level premiums for terms of 10, 15, 20 or 30 years.

The product also comes with 6 underwriter classifications for clients ages 18 to 75. The underwriting classifications include 2 tobacco classifications as well as 4 non-tobacco classifications.