North American Is Bringing Back 30-year Term!

  • Originally published March 19, 2011 , last updated October 20, 2015
North American Is Bringing Back 30-year Term!

North American (NACOLAH) announced a number of enhancements for the fifth generation of its ADDvantage Term life product, which became available March 14, 2011.

Product highlights:

  • 15-year product ranks within top five companies in over 80% of benchmarked categories.*
  • 20-year product ranks within top five companies in nearly 75% of benchmarked categories.*
  • 30-year product ranks within top five companies in nearly 80% of benchmarked categories.*
  • Choose from 10-, 15-, 20-, and 30-year premium guarantee periods.
  • New band for $1,000,000+ face amounts.
  • Raised commissions five points on the 20-year term
  • Return of 30-year term period
  • With full conversion options, ADDvantage Term remains a strong double-sale for you!

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*Benchmarked categories based on death benefit amounts of $100,000, $250,000, $500,000, and $1,000,000 for Best Nontobacco (Super Preferred Nontobacco for ADDvantage), Preferred Nontobacco, Standard Nontobacco, Preferred Tobacco, and Standard Tobacco at ages 35 and 45 for the 30-year term products. Competitor information is obtained from sources believed to be reliable, but its accuracy or completeness is not guaranteed. This data is for informational purposes and is not intended as a solicitation or a recommendation of any insurance product. All expressed information or opinions are subject to change without notice.