North American Insurance

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Insurance is a form of protection against financial loss. It is a contract between an individual or an entity and an insurance company. The insurance company guarantees financial protection, reimbursement or compensation to the insured in case of loss, damage or illness as per the terms and conditions of the policy. In this article, we will discuss North American Insurance.

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What is North American Insurance?

North American Insurance is a well-known insurance company in the United States. It provides various types of insurance policies to its customers. The company was established in the year 1890 and has been serving customers for over a century.

North American Insurance is part of the Sammons Financial Group, which is a group of financial companies. Headquartered in Iowa, North American Insurance has offices across the United States. The company specializes in providing life insurance, annuity, and retirement solutions.

North American Life Insurance

North American Life Insurance offers a range of life insurance policies to meet the varying needs of its customers. The policies offered by the company include term life, universal life, and whole life insurance.

Term Life Insurance

Term life insurance is a type of life insurance that provides coverage for a specific period, usually 10, 20, or 30 years. The policy pays a death benefit to the beneficiaries of the policyholder if the insured dies during the term of the policy.

North American Insurance offers term life insurance policies with coverage amounts ranging from $25,000 to $5 million. The policies are available for individuals aged 18 to 80.

Universal Life Insurance

Universal life insurance is a type of permanent life insurance that provides lifelong coverage. The policy has a savings component that earns interest and can be used to pay premiums or increase the death benefit.

North American Insurance offers universal life insurance policies with flexible premiums and death benefits. The policies are available for individuals aged 0 to 85.

Whole Life Insurance

Whole life insurance is a type of permanent life insurance that provides lifelong coverage. The policy has a savings component that earns interest and can be used to pay premiums, increase the death benefit, or even borrow against.

North American Insurance offers whole life insurance policies with guaranteed premiums, death benefits, and cash values. The policies are available for individuals aged 0 to 85.

North American Annuity

An annuity is a financial product that provides a stream of income for a specific period or for life. Annuities are often used as a retirement income source.

North American Insurance provides various types of annuity products, including fixed annuities, indexed annuities, and variable annuities.

Fixed Annuity

A fixed annuity is an annuity in which the interest rate is guaranteed for a specific period. The policyholder receives a fixed payment for a certain period or for life.

North American Insurance offers fixed annuities with various terms and payment options. The policies are suitable for individuals looking for a guaranteed source of income in retirement.

Indexed Annuity

An indexed annuity is an annuity that is linked to the performance of an external index, such as the S&P 500. The policyholder receives a payment that is based on the performance of the index.

North American Insurance offers indexed annuities with various terms and payment options. The policies are suitable for individuals looking for potential higher returns than fixed annuities but with less risk than variable annuities.

Variable Annuity

A variable annuity is an annuity in which the policyholder invests in various sub-accounts, similar to mutual funds. The policyholder receives a payment that is based on the performance of the sub-accounts.

North American Insurance offers variable annuities with various investment options and payment options. The policies are suitable for individuals looking for potentially higher returns than fixed or indexed annuities but with higher risk.

FAQ

What is the customer service phone number for North American Insurance?

The customer service phone number for North American Insurance is 1-877-872-0757.

How do I file a claim with North American Insurance?

To file a claim with North American Insurance, you can either contact your insurance agent or call the customer service phone number. You will need to provide details of the claim, including the date, time, and nature of the incident.

How do I find an insurance agent for North American Insurance?

You can find an insurance agent for North American Insurance by visiting the company’s website and using the “Find an Agent” tool. You can enter your zip code to find agents in your area.

How do I make a payment on my North American Insurance policy?

You can make a payment on your North American Insurance policy by visiting the company’s website and logging into your account. You can also make a payment by phone or by mail.

How do I cancel my North American Insurance policy?

To cancel your North American Insurance policy, you will need to contact your insurance agent or call the customer service phone number. You may need to provide a reason for canceling the policy.

Conclusion

North American Insurance is a reputable insurance company that provides various types of insurance policies and annuity products. The company has been serving customers for over a century and is part of the Sammons Financial Group. If you are looking for insurance or annuity products, consider North American Insurance as one of your options.

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