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North American Company offers new Guaranteed Universal Life and Term Life Insurance Products

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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.

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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 [email protected].