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North American Company for Life and Health Insurance

North American Company for Life and Health Insurance was founded in 1886 and is headquartered in West Des Moines, Iowa. The carrier describes itself as a company that "has helped people plan for their financial future for over 100 years." North American is a member company of Sammons Financial Group, a privately held organization that is employee-owned through an ESOP. Sister carrier Midland National operates under the same parent with a shared distribution platform. The product menu spans term and universal life, indexed universal life, and fixed indexed annuities.


Founded
1886
Headquarters
West Des Moines, Iowa
Structure
Member of Sammons Financial Group (privately held, employee-owned through ESOP)
A.M. Best
A+ (Superior)

Financial strength

Ratings as of Apr 29, 2026

  • A.M. Best A+ (Superior)
  • Standard & Poor's A+ (Strong)
  • Fitch A+ (Stable)

Ratings change. Pull current values from the carrier or AM Best directly before quoting them.

Known for

  • Indexed universal life (IUL) — broad product menu
  • Term and universal life
  • Fixed and fixed-indexed annuities
  • Sister-company shared distribution with Midland National

Products written

  • Term life
  • Whole life
  • Indexed universal life
  • Annuities

What we use them for

Through Family First Life, we have access to North American’s life and annuity product lines. From an agent’s perspective, they tend to be a strong fit when:

  • Indexed universal life is the conversation. North American has long been one of the more active carriers in the IUL category, with multiple products designed around different funding patterns and policy goals. We routinely run their illustrations alongside other IUL carriers when the goal is cash-value-focused permanent coverage.
  • The buyer prefers a privately held, employee-owned parent. As part of Sammons Financial Group, North American sits inside a privately held organization that is employee-owned through an ESOP — a structurally different ownership story than publicly traded carriers. Some buyers care about that; many don’t. We surface it when relevant.
  • Annuity quotes on the same balance sheet. North American also writes fixed and fixed-indexed annuities, which can be useful when a household wants both life and annuity solutions reviewed together.

A note on financial strength

The ratings shown above were confirmed from North American’s own corporate site at the time this page was drafted. Specifically: AM Best A+ (Superior, affirmed August 13, 2025), S&P A+ (Strong, affirmed May 15, 2025), and Fitch A+ (Stable, affirmed June 17, 2025). Ratings change — pull current values from AM Best before citing any specific number on a call.

When to consider another carrier

If the goal is a recognizable national retail brand, Mutual of Omaha often feels more familiar to clients. If the goal is fraternal benefits, Foresters Financial is structured around that. North American tends to be the answer when the conversation is IUL-heavy or when a privately held, employee-owned parent matters to the buyer.

Get a quote

Want to see what North American looks like for your situation? We pull current illustrations on the call. The form below pre-fills your interest as North American — we’ll come back with side-by-side options.


Sources

Facts on this page were drawn from the following sources. Ratings, products, and corporate facts change — verify against the source before relying on a specific claim.

Ready to compare

Want to see North American Company for Life and Health Insurance side-by-side with another carrier?

We pull current illustrations on the call. The form below pre-fills your interest as North American Company for Life and Health Insurance — we'll come back with side-by-side options from carriers that fit your specific situation.