North American (NOA)
Strong Marketplace Presence. Sold over 11,000 new life policies with an average policy size of $333,000 in 2006. Placed over $4 billion of life insurance in-force during 2006 for a total of over $110 billion of life insurance in-force.
Overall Financial Strength. North American's capital surplus and AVR of nearly $438 million, with a capital, surplus and AVR to liabilities ratio of 9%. North American has over $5.4 billion in assets.
Solid Investments. Bonds, cash, short term investments and loans represent nearly 93% of total assets. Of the bond portfolio, 95% is investment grade.
Contracting Information
The annuity division requires that all agents take their product certification test, once you receive notification. Your username is your agent code with five leading zeros (for example, 000001X123). Your password will be supplied by email and mail. The certification must be completed before NA will process any pending annuity business.
Commissions are paid daily. You must be owed $250 before a check will be issued. You must be owed $25 before a deposit.