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North American Company Bulletin

Now Available on ADDvantage® Term: Critical, Chronic, and Terminal Illness Endorsements
North American is pleased to announce the addition of the accelerated death benefit endorsements for critical, chronic, and terminal illness on the ADDvantage® term product effective September 24, 2018.

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Introducing: Premium Deposit Agreement
North American is excited to introduce a new Premium Deposit Agreement (PDA) for most single life Indexed Universal Life products, available September 24, 2018. The new feature allows the policyowner to submit a lump sum for the purpose of automatically funding future annual premium payments on the policy. 

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Payor Guidelines
As communicated in a June 2017 field bulletin (126NB Payor guidelines), when the payor on a case changes there will be requirements needed for the new payor if the information is not already available in the file. Having correct payor information is important to protect against potential fraud, to know our customers and meet our regulatory obligations.

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