North American vs State Farm Life Insurance

  • 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
SOURCENorth AmericanState Farm
JD PowerN/A5/5
BBBA+A-
AM BestA+A++
Moody'sN/AAa1
FitchA+N/A
Standard & PoorA+AA
Comdex Score9398
SOURCENorth AmericanState Farm
Total Assets$25.6 billion$160.732 billion
Life Insurance in Force$120 billion$901.7 billion
North AmericanState 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 AmericanState 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 AmericanState Farm
Waiver of monthly deductionN/A
Children's Life Insurance Rider
Waiver of Term Premium for Disability Rider
Jonathan Holloway
October 13, 2019
John Holloway is a licensed life insurance agent and co-founder at NoExam.com
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