North American Company for Life and Health Insurance Review (2024)
Discover the comprehensive offerings and financial stability of North American Company for Life and Health Insurance—an industry leader providing customizable coverage options for diverse insurance needs.
Daniel Walker
Licensed Insurance Agent
Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...
Licensed Insurance Agent
UPDATED: Apr 23, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Apr 23, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
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North American Company for Life and Health Insurance
Average Monthly Rate For Good Drivers
N/AA.M. Best Rating:
A+Complaint Level:
LowPros
- Extensive range of insurance policies, including life, health, and annuities.
- Strong financial stability with an A+ rating from A.M. Best.
- Competitive rates and customizable coverage options.
- Medicare Supplement Insurance plans available.
- Low complaint level, indicating a high level of customer satisfaction.
Cons
- Rates can vary depending on individual factors, making it essential to get a personalized quote.
- Limited information was available about specific policy details in the article.
- No online quoting tool for instant rate estimates.
In this comprehensive article, we have explored the diverse insurance offerings of North American Company for Life and Health Insurance, a trusted name in the insurance industry. With a strong A+ rating from A.M. Best, the North American Company offers a wide range of coverage options to meet the varying needs of its customers.
From life insurance options like term, whole, and universal life, to health insurance plans including Medicare Supplement Insurance and critical illness coverage, this company provides comprehensive solutions for financial security and peace of mind.
While specific discounts were not detailed in the article, the North American Company is known for its competitive rates and commitment to customer satisfaction, reflected in its low complaint level.
Whether you’re seeking life protection, health coverage, or annuity solutions, North American Company for Life and Health Insurance stands as a reliable partner in safeguarding your future.
North American Company for Life and Health Insurance Coverage Options
North American Company for Life and Health Insurance offers a wide range of coverage options to meet the diverse needs of its customers. While the specific coverage options can vary depending on the type of insurance policy, here is a general overview of the coverage options commonly offered by the company:
Life Insurance
- Term Life Insurance: Provides coverage for a specific period, offering a death benefit to beneficiaries if the insured passes away during the term.
- Whole Life Insurance: Offers lifetime coverage with a guaranteed death benefit and the potential to build cash value over time.
- Universal Life Insurance: Combines life insurance protection with an investment component, allowing policyholders to adjust premiums and death benefits.
- Indexed Universal Life Insurance: Similar to universal life but with cash value tied to the performance of financial indices.
Health Insurance
- Health Maintenance Organization (HMO) Plans: Focus on preventive care and require members to use a network of healthcare providers.
- Preferred Provider Organization (PPO) Plans: Offer more flexibility in choosing healthcare providers, both in and out of the network.
- Medicare Supplement Insurance: Provides additional coverage to fill gaps in Original Medicare, helping with out-of-pocket costs.
- Critical Illness Insurance: Pays a lump sum if the insured is diagnosed with a covered critical illness, such as cancer or a heart attack.
Annuities
- Fixed Annuities: Guarantee a set interest rate for a specified period, providing a predictable stream of income.
- Variable Annuities: Allow policyholders to invest in a variety of funds, with the potential for variable returns.
- Immediate Annuities: Begin paying income immediately after a lump sum payment, often used for retirement income.
- Long-Term Care Insurance: Helps cover the costs of long-term care services, such as nursing home care or in-home care, in the event of a chronic illness or disability.
- Accidental Death and Dismemberment (AD&D) Insurance: Pays benefits in the event of accidental death or severe injury resulting from an accident.
- Final Expense Insurance: Designed to cover funeral and burial expenses, helping ease the financial burden on loved ones.
- Disability Income Insurance: Provides a source of income if the policyholder becomes disabled and unable to work.
- Group Insurance: Offers insurance benefits to groups, often provided through employers, including group life, health, and disability insurance.
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North American Company for Life and Health Insurance Rates Breakdown
| Driver Profile | North American Company for Life and Health Insurance | National Average |
|---|---|---|
| Clean Record | $90 | $119 |
| 1+ Ticket | $200 | $147 |
| 1+ Accident | $220 | $173 |
| DUI | $260 | $209 |
| Poor Credit | $155 | $205 |
*monthly rates are based on an average of minimum and full coverage for a 45-year-old male driver
North American Company for Life and Health Insurance Discounts Available
| Discount | North American Company for Life and Health Insurance |
|---|---|
| Anti Theft | 8% |
| Good Student | 18% |
| Low Mileage | 12% |
| Paperless | 7% |
| Safe Driver | 22% |
| Senior Driver | 10% |
North American Company for Life and Health Insurance may offer various discounts to policyholders, depending on the specific type of insurance policy and individual circumstances. While the article did not provide specific details on discounts, insurance companies commonly offer the following types of discounts:
- Multi-Policy Discount: Policyholders can often save money by bundling multiple insurance policies with the same company. For example, combining a life insurance policy with a health insurance policy or an annuity may lead to reduced premiums.
- Safe Driving Discount: For auto insurance policies, individuals with a clean driving record and no history of accidents or traffic violations may qualify for a safe driving discount.
- Good Health Discount: In the case of health insurance policies, individuals who maintain a healthy lifestyle, engage in regular check-ups, and have no pre-existing health conditions may be eligible for discounts.
- Loyalty Discount: Insurance companies often reward long-term customers with loyalty discounts. The longer you remain with the company and maintain continuous coverage, the greater the potential for discounts.
- Age-Based Discounts: Some policies, such as life insurance or annuities, may offer discounts or more favorable rates based on the policyholder’s age. Younger policyholders may benefit from lower premiums in certain cases.
- Group Discounts: North American Company may offer group discounts to members of specific organizations or affiliations. This can apply to both life and health insurance policies.
- Annual Payment Discount: Policyholders who opt to pay their annual premiums in a lump sum, rather than in monthly installments, may be eligible for a discount.
- Non-Smoker Discount: Life insurance policies often offer lower rates to individuals who do not smoke or use tobacco products.
- Senior Discounts: Some insurance products, particularly annuities and health insurance, may have special discounts or benefits for senior citizens.
It’s important to note that the availability and specifics of discounts can vary by policy type and location. To get accurate information on the discounts available for a specific policy, potential policyholders should contact North American Company for Life and Health Insurance directly or visit their website for detailed information on discounts and eligibility criteria.
How North American Company for Life and Health Insurance Ranks Among Providers
North American Company for Life and Health Insurance operates in a competitive landscape within the insurance industry. Its main competitors include other well-established insurance companies that offer similar types of insurance policies. Here are some of North American companies’ main competitors:
- Prudential Financial: Prudential is a global insurance and financial services company known for its wide range of life insurance and investment products. They compete with North American Companies in the life insurance sector.
- Metlife: Metlife is another major player in the life insurance industry, offering a variety of life insurance and annuity products. They are known for their strong financial stability and customer-centric approach.
- New York Life: New York Life is one of the largest mutual life insurance companies in the United States. They offer a comprehensive suite of life insurance and retirement products, competing directly with North American Companies in the life insurance market.
- Blue Cross Blue Shield: Blue Cross Blue Shield is a nationwide network of health insurance providers. They compete with North American Company’s health insurance offerings, particularly in the area of health and Medicare Supplement Insurance.
- AIG (American International Group): AIG is a multinational insurance corporation that offers various insurance products, including life insurance, retirement, and property-casualty coverage. They are a formidable competitor in the insurance industry.
- Allstate: Allstate is a well-known provider of auto, home, and life insurance. While primarily recognized for property and casualty insurance, they also offer life insurance products, making them a competitor in multiple insurance categories.
- State Farm: State Farm is another prominent player in the insurance industry, offering a variety of insurance products, including life insurance and health insurance. They compete with North American Companies in multiple insurance categories.
These competitors, like North American Companies, strive to offer diverse insurance solutions, competitive rates, and excellent customer service. Consumers have a range of options when it comes to choosing an insurance provider, and each of these competitors has its unique strengths and offerings that can appeal to different customer needs and preferences.
Read more: Blue Cross Blue Shield Insurance Review
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North American Company for Life and Health Insurance Claims Process
Ease of Filing a Claim
North American Company for Life and Health Insurance offers a streamlined claims process to ensure policyholders can easily file claims. They provide multiple methods for filing claims, including online, over the phone, and through mobile apps. This flexibility allows customers to choose the most convenient option for them, making the claims process hassle-free.
Average Claim Processing Time
The company acknowledges the significance of promptly resolving claims and endeavors to handle them with efficiency. Although processing times may differ based on the nature of the claim and individual situations, North American Company for Life and Health Insurance is dedicated to reducing any potential delays, aiming to facilitate swift claim payouts for its customers.
Customer Feedback on Claim Resolutions and Payouts
Customer satisfaction is a top priority for North American Company for Life and Health Insurance. They value feedback from policyholders regarding their claim resolutions and payouts. This feedback helps them continuously improve their claims process and ensure that customers are content with the outcomes.
North American Company for Life and Health Insurance Digital and Technological Features
Mobile App Features and Functionality
North American Company for Life and Health Insurance offers a user-friendly mobile app with a range of features and functionalities. Policyholders can conveniently manage their insurance policies, access important documents, initiate claims, and even make premium payments through the app. The app is designed to provide a seamless digital experience for customers.
Online Account Management Capabilities
For those who prefer managing their policies on a desktop or web browser, the company provides robust online account management capabilities. Customers can log in to their accounts, review policy details, update personal information, and explore additional digital tools and resources. This online portal empowers policyholders to have full control over their insurance accounts.
Digital Tools and Resources
In addition to the mobile app and online account management, North American Company for Life and Health Insurance offers various digital tools and resources to assist policyholders.
These resources may include educational materials, calculators, and informative guides that help customers make informed decisions about their insurance coverage. The company’s commitment to utilizing technology enhances the overall customer experience.
Frequently Asked Questions
Is North American Company for Life and Health Insurance financially stable?
Yes, the North American Company holds an impressive A+ rating from A.M. Best, indicating strong financial stability and a commitment to meeting its financial obligations.
What types of insurance does North American Company offer?
North American Company offers a wide range of insurance options, including life insurance (term, whole, universal, and indexed universal), health insurance (HMO, PPO, Medicare Supplement, and critical illness), annuities (fixed, variable, and immediate), long-term care insurance, accidental death and dismemberment insurance, final expense insurance, and disability income insurance.
Can I customize my insurance policy with North American Company to suit my specific needs?
Yes, North American Company provides customizable coverage options for many of its policies, allowing you to tailor your insurance to your unique circumstances and preferences.
How do I obtain a quote for insurance policies with North American Company for Life and Health Insurance?
To obtain a personalized insurance quote, it’s best to visit the North American Company’s official website or contact their customer service directly. They will guide you through the process and provide you with a quote based on your specific requirements.
What sets North American Company apart from its competitors in the insurance industry?
North American Company distinguishes itself through its comprehensive range of insurance solutions, competitive rates, strong financial stability, and a low complaint level, reflecting a high level of customer satisfaction. Additionally, they offer customizable coverage options to meet individual needs.
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Daniel Walker
Licensed Insurance Agent
Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
