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North American vs State Farm Life Insurance

North American and State Farm are two solid life insurance companies. Rest assured you can't make a bad choice if you have narrowed it down to North American and State Farm. See our side by side comparison below to see how these two companies stack up. We have included financial ratings, current leadership, assets, and premium in force for both North American and State Farm.
  • YEAR FOUNDED
    1886
  • CURRENT CEO
    Esfandyar Dinshaw
  • AVAILABLE
    All 50 States
  • ADDRESS
    North American Company One Sammons Plaza Sioux Falls, SD 57193
  • TOP AWARDS
  • PROS
    • Over 100 Years in Business
    • Approvals for People with Health Consideration
    • Financial Strength and Ratings
  • CONS
    • Don't currently allow for electronically signed policies
  • YEAR FOUNDED
    1922
  • CURRENT CEO
    Michael L. Tipsord
  • AVAILABLE
    48 States
  • ADDRESS
    East P.O. Box 588002 North Metro, GA 30029
  • TOP AWARDS

    N/A

  • PROS
    • Great Term Life Insurance
    • Top rated customer service
  • CONS
    • Term lengths
    • Higher premiums than other companies

Compare Other Options

1st place trophy
1st

Health IQ is a unique life insurance brokerage that gets you special rates if you live an active lifestyle. If you exercise a few times per week, you can qualify for lower rates. Click below to get an accurate quote.

2nd place trophy
2nd

AIG, also know as American International Group, has been in business since 1919. AIG's strong financial rating, product selection and competitive pricing earns it the #2 spot.

3rd place trophy
3rd

Banner is a subsidiary of Legal & General, and have been in business since 1836. They hold an A+ financial rating and have some of the most competitive rates. This earns them the #3 spot.

SOURCE North American State Farm
JD Power N/A 5/5
BBB A+ A-
AM Best A+ A++
Moody's N/A Aa1
Fitch A+ N/A
Standard & Poor A+ AA
Comdex Score 93 98
SOURCE North American State Farm
Total Assets $25.6 billion $160.732 billion
Life Insurance in Force $120 billion $901.7 billion
North American State Farm
Term Life InsuranceSelect Term 10, 20, 30
Universal Life insuranceReturn of Premium 20, 30
Indexed Universal Life InsuranceMortgage Life 15, 30
Whole Life
Limited Pay 10, 15, 20
Single Premium Life
Universal Life
Survivorship Universal Life
Joint Universal Life
North American State Farm
Addvantage TermSelect Term 10, 20, 30
Universal Life Insurance (Custom Accumulator, Custom GrowthCV, Custom Guarantee, Custom Term GUL)Return of Premium 20, 30
Indexed Universal Life (Builder Plus IUL, Builder IUL, Guarantee Builder IUL, Rapid Builder IUL, Survivorship GIUL)Mortgage Life 15, 30
Whole Life
Limited Pay 10, 15, 20
Single Premium Life
Universal Life
Survivorship Universal Life
Joint Universal Life
North American State Farm
Waiver of monthly deductionN/A
Children's Life Insurance Rider
Waiver of Term Premium for Disability Rider
Jonathan Holloway
January 1, 1970
Jonathan is a licensed life insurance agent at NoExam.com that writes about insurance, personal finance, lifestyle, and sports. See our pages on term life insurance, life insurance rates and life insurance companies for more.
Disclaimer: We make every attempt to make sure our information is up to date, but since things change often it is best to double check the data. This review is an opinion. Clicking on links may result in NoExam.com being compensated.