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North American Ratings and Company Information
Best Insurance Reports: A+
Url of page where rating was collected:
Best Rating: A.M. Best rating: A+ (superior)
Type of Insurance Company: Mutual
Name of Parent Company:
Sammons Financial Group
Company History: North American was founded in 1886 and was purchased by A.E. Forrest in 1890. In the same year, A.E. Forrest appointed the company's first general agent. North American became the first company to sell disability insurance to women in 1918 and in 1981 the company entered the brokerage marketplace. The company first introduced a universal life product in 1982. Now the company is ranked No. 123 on Forbes' 2013 List of America's Largest Private Companies.
Principle Sales Methods: independent agents
Life Annuity Business: North American offers universal life insurance, indexed universal life insurance, and term life insurance. Term life insurance offers you a choice of a level premium period of 10,15,20, or 30 years. They also offer a variety of riders and endorsement that help you to meet your individual needs.
Company Financial Status:
Assets & Premiums: S&P rating: A+ (strong)
Assets: over $15.02 billion
Lines of Insurance:
States licensed to sell insurance in:
AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY