North American Company, Chicago, has released its revised guaranteed universal life insurance product, Custom Guarantee, along with enhancements to its term life insurance product, ADDvantage. Both products offer value-based solutions to help consumers protect their financial plans.
Custom Guarantee is North American’s guaranteed death benefit product that offers protection up to age 120. Product enhancements include reduced rates, a lower minimum face amount of $25,000, and no premium payments after age 100 on the base policy (rider charges may apply). The product also adds a Guaranteed Exchange Privilege, which allows an exchange to one of the company’s cash value accumulation products without providing evidence of insurability.