North American Company, Chicago, has released its revised guaranteed universal life insurance product, Custom Guarantee, along with enhancements to its term life insurance product, ADDvantage. Both products offer value-based solutions to help consumers protect their financial plans.
Custom Guarantee is North American’s guaranteed death benefit product that offers protection up to age 120. Product enhancements include reduced rates, a lower minimum face amount of $25,000, and no premium payments after age 100 on the base policy (rider charges may apply). The product also adds a Guaranteed Exchange Privilege, which allows an exchange to one of the company’s cash value accumulation products without providing evidence of insurability.
North American’s ADDvantage term life insurance product has also been updated. The product now offers 10, 15, and 20-year premium guarantee periods depending on issue age. It is fully convertible to any North American universal life insurance product.
For more information, e-mail SalesSupport@nacolah.com.