ADDvantage® Term Life Insurance

Fully Convertible and Competitively Priced

 

Whether you have a client who's recently married, a new homeowner, just starting a family, or a business owner seeking a buy-sell agreement, consider North American's ADDvantage Term as a simple and economical solution.

 

ADDVANTAGE HIGHLIGHTS

  • Competitive low-cost rates!
  • Convertible to any currently available permanent life insurance product1
  • Low minimum face amount of $100,000
  • 10, 15, 20 and 30-year level premium guarantee periods2
  • Accelerated Death Benefit Endorsement for Terminal Illness
  • Available with North American’s SimpleSubmit® e-app process!
    • Generally faster than the paper application process
    • Ensures that cases are submitted “in good order”
    • Start to finish, agents get paid on average 12 days faster.3
    • Acccess from your managing general agent’s web site (use the “SimpleSubmit®” or “iGO4 e-app” link.)

 


Markets where addvantage excels

  • Death Benefit Protection
  • Income Protection
  • Mortgage Protection
  • Buy-Sell Agreements

 

 

Sample Cases


Delivering for the Family – Now and Later

Steve is a single parent who plans to retire in 20 years. In the meantime, he wants to make sure that his children are protected should he pass away. He purchases an ADDvantage term policy to cover his income protection needs.

 

20 Year Term, Male, Age 45, Best Non-Tobacco, $1,000,000 Death Benefit
Company Product Guaranteed Annual Premium5
North American ADDvantage $1,125

 

During a client review before his 20th policy anniversary, Steve realizes that his needs have changed. He’s decided that he wants to work a few more years due to some unexpected expenses and his daughter’s desire to attend graduate school. Fortunately, he’s able to exercise the conversion privilege1 under his ADDvantage term policy to convert to a permanent product without going through underwriting. While Steve can select from North American’s complete individual life permanent product line, he selects North American’s competitive Custom Guarantee® Universal Life product.

 

Male, Age 65, Best Non-Tobacco, $1,000,000 Death Benefit
Company Product Guaranteed Annual Premium5
North American Custom Guarantee UL $21,632.32

 

Make sure that your clients fulfill their future insurance needs. North American’s  Client Review Sales Concept provides the tools to make it easy.  

 

Delivering for Retirees

After conferring with his financial representative, Dave decides to utilize his upcoming pension benefit to fund life insurance. He decides on affordable ADDvantage term insurance with North American.  

 

10 Year Term, Male, Age 65, Best Non-Tobacco, $250,000 Death Benefit
Company Product Guar. Premium
North American ADDvantage $1,240

 

Learn more about using life insurance for Pension Maximization by reviewing our sales concept materials today.

 

Delivering for Business Owners

Frank and Steve are business partners with equal interest in the business. They have a buy-sell agreement so that either of them can purchase the other partner’s share of the business should one of them die. To fund this agreement, Steve and Frank have purchased ADDvantage term life insurance policies from North American. Steve is the owner, payor, and beneficiary of the policy insuring Frank's life; Frank is the owner, payor, and beneficiary of the policy insuring Steve's life.

 

15 Year Term, Male, Age 45, Standard Non-Tobacco, $1,000,000 Death Benefit
Company Product Guar. Premium
North American ADDvantage $1,635

 

Access our Term Buy-Sell Case Study flyer above for another example of how ADDvantage term can help business owners.

 

Delivering for Homeowners

After years of rental living, Nora has bought her first home where she lives with her sister and adult daughter. Purchasing North American’s ADDvantage term coverage can help Nora’s family members continue to live in her home should the worst happen.

 

30 Year Term, Female, Age 55, Standard Non-Tobacco, $500,000 Death Benefit
Company Product Guar. Premium
North American ADDvantage $3,765

 

What to learn more about using ADDvantage Term for Mortgage Protection Needs? Take a look at our Mortgage Protection Case Study flyer above.

 

Contact Sales Development today at 800-800-3656, ext. 10411 and help your clients gain affordable term life insurance protection.

 

1 Conversion is allowed during the level premium period of the policy, or through age 74 ( through age 69 for ADDvantage 30), whichever is earlier. The conversion period is never less than five years. Conversion is allowed to any product we then make available for conversion. Subject to the terms of the policy and premium payments.

2 Premiums are guaranteed to remain level for the initial 10, 15, 20 and 30-year period. After the premium guarantee period, premiums will increase annually but will never exceed the Guaranteed Annual Renewal Premium.

3 Based on internal reports, 2/28/2017.

4 iGO® is a registered trademark of Internet Pipeline , Inc., or “iPipeline”.

5 Provides coverage to age 120 subject to premium payment requirements.

ADDvantage Term is issued on policy form series LS174; Custom Guarantee Gen 8 is issued on policy form series LS170; and Accelerated Benefit Endorsement for Terminal Illness is issued on form series LR474 by North American Company for Life and Health Insurance, Administrative Office, Sioux Falls, SD 57193. Product, features, riders, endorsements or issue ages may not be available in all jurisdictions. Limitations and restrictions may apply. Please refer to marketing guide for full term product details.

 

FOR AGENT USE ONLY. NOT TO BE USED FOR CONSUMER SOLICITATION PURPOSES.

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