North American Still has Competitive Term
North American is committed to offering competitive term products that offer more value to your clients—for a lower price than you can find elsewhere. With WriteAway® accelerated underwriting and eDelivery, your client could get coverage sooner with an ADDvantage® Term policy.
Download our competitive flyer for the latest numbers.
Why ADDvantage Term?
- Competitively priced
- Living benefits included – no additional underwriting, no additional cost1
- Excellent conversion privileges to any current permanent product2
- Subject to eligibility requirements. An administration fee is required at time of election of an accelerated death benefit. The face amount will be reduced by the accelerated death benefit amount. Since benefits are paid prior to death, a discount will be applied to the face amount accelerated. As a result, the actual amount received will be less than the amount of face accelerated.
- Conversions are allowed according to the following schedule:
- 10-year term length: the earlier of 7 year or age 70
- 15-year term length: the earlier of 12 year or age 70
- 20-year term length: the earlier of 15 years or age 70
- 30-year term length: the earlier of 20 years or age 70
The conversion period is never less than 5 years regardless of issue age.