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finder.com's rating: 4 / 5
★★★★★
18 to 72
Issue Age
$100,000 to $5,000,000
Coverage
Required for all but simplified issue term insurance
Medical Exam Required
Policies | Term, Universal, Indexed universal, Guaranteed universal |
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Coverage maximum | $5,000,000 |
Term lengths | 10, 15, 20 and 30 |
Medical exam required | Required for all but simplified issue term insurance |
Available states | All 50 states |
Issue age | 18 to 72 |
Riders |
Accelerated death benefit rider Child rider Guaranteed insurability rider Policy split option rider Return-of-premium rider Waiver-of-premium rider |
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Review by
Heather Petty is a writer at Finder specializing in banking, investments and insurance. She's a self-proclaimed word nerd who worked as a technical writer and editor for the casino systems industry and is an internationally published young adult mystery author. Heather earned a bachelor’s degree in English from the University of Nevada, Reno.
North American is a longstanding insurer with a great financial reputation and competitive rates. But if you’re looking for policy options outside the term and universal coverage options, shop around to see what other insurers can offer you.
Choose from the following life insurance options:
North American offers riders to customize your life insurance policy, such as:
The quote system North American provides mostly bases its rates on age, gender and coverage amount. You can view the underwriting classes and the criteria for each, to get a better idea of what you’ll pay.
We compared sample quotes for monthly premiums on a $250,000 term life insurance policy for nonsmokers in excellent health. These rates are about average for this term and coverage amount.
10-year term | 15-year term | 20-year term | 30-year term | |
---|---|---|---|---|
Man, age 30 | $12.98 | $14.30 | $12.98 | $14.30 |
Woman, age 30 | $11.66 | $12.76 | $14.30 | $20.46 |
Man, age 40 | $16.50 | $18.70 | $22.66 | $36.53 |
Woman, age 40 | $14.96 | $16.50 | $19.80 | $29.92 |
North American has a super preferred class for non-smokers that comes with low rates. To qualify you’ll have to meet these strict health guidelines:
North American is accredited with the Better Business Bureau (BBB) and has an A+ rating. The company has 13 complaints filed in the past three years, with seven closed in the last year, which is a surprisingly small number for a company of its size.
There aren’t many customer complaints or reviews outside the BBB either, but a majority of comments point to a good customer service experience with a few claims that took longer than expected.
AM Best financial rating |
A+ |
BBB accredited | Yes |
BBB rating | A+ 3.94/5 out of 18 customer reviews |
Customer reviews verified as of | 22 January 2021 |
To apply for coverage, you need to contact a North American insurance agent, but you can get a free quote online to see what you might pay for term life insurance.
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
Our experts analyze life insurance companies to help you to find the strongest possible policy and premium for your family’s needs. We assess their financial strength, customer satisfaction, policy features and riders. We then give each insurer a score between one and five stars that reflects their offering and reputation in the industry.