ADDvantage® Term

North American's ADDvantage Term life insurance product can provide your client with the death benefit protection they need, at a low rate to fit their budget, with the added value of offering accelerated death benefits for critical, chronic, and terminal illness, available at no extra premium at time of issue.¹

Use these resources to familiarize yourself with ADDvantage Term and its value-add features.

Agent Materials

Download these materials to share in a meeting, send in a follow-up email or visit Supply Warehouse to order copies to keep on hand!

Consumer Materials

Explore common sales concepts of ADDvantage® Term

Business Concepts

Income Protection

Longevity Planning

Highlights

10, 15, 20, and 30-year level premium guarantee periods, depending on issue age
Accelerated death benefits for critical, chronic and terminal illnesses¹
Face amounts starting at $100,000

Key Focuses

Affordable death benefit protection
Term with conversion options

Term Life Insurance Blog Posts

Use these client-freindly blog posts in your social media content or as an additional resource to help clients understand the value of life insurance.

A young family walks through a field of lilacs

What to know about term life insurance conversion

In the early stages of life, a term life insurance policy may be sufficient for many individuals’ needs. However, as life circumstances change, the coverage offered by a term policy might no longer be enough.

How to determine your life insurance policy length

When you buy life insurance you want to make sure the policy continues for as long as you have people who depend on you financially, and until your last major financial obligation is paid. But how do you determine how long your policy should last?

1. There is no additional Monthly Deduction or premium charge for the Accelerated Death Benefit Endorsement. However, the actual payment received in connection with any acceleration will be discounted and is lower than the Death Benefit amount accelerated. In addition, there is an administrative fee required each time an Election is made. Accelerated Death Benefits are subject to eligibility requirements.

Indexed Universal Life products are not an investment in the "market" or in the applicable index and are subject to all policy fees and charges normally associated with most universal life insurance.

Conversions are allowed according to the following schedule:

• 10-year term length: the earlier of 7 years or age 70

• 15-year term length: the earlier of 12 years 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.

ADDvantage Term (policy form series LS174) or state variation including all applicable endorsements and riders is issued by North American Company for Life and Health Insurance, West Des Moines, IA. Products, features, riders, endorsement or issue ages may not be available in all jurisdictions. Restrictions or limitations may apply.

While the primary use of life insurance is death benefit protection, your clients may also have other needs that can be met through life insurance. The sales concepts and accompanying marketing materials on this page may help you broaden your sales potential. As independent contractors, it is up to you to choose which of these concepts may work for your particular sales strategy and clients, and which do not. Please note that North American Company does not require you to use any of these sales concepts; they are resources that can be used at your discretion for your own individualized sales presentations

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FOR AGENT USE ONLY. NOT TO BE USED FOR CONSUMER SOLICITATION PURPOSES.

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