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U.S. Domestic

PAAC – Pan-American Assurance Company

Founded in 1981, Pan-American Assurance Company (PAAC) is a wholly-owned subsidiary of Pan-American Life Insurance Company. PAAC was created to offer flexible premium universal life policies in the United States. Since then, PAAC has provided market-leading insurance products to citizens and residents of the US. PAAC is authorized in 40 states, Puerto Rico and the District of Columbia.

All benefits in PAAC products are guaranteed by the parent, Pan-American Life Insurance Company, which has been highly rated by:

    • A.M., Best A- (Excellent)
    • Fitch, A (Stable)

PRODUCT SUMMARY

Products

Individual Insurance

Universal Life Insurance
NexGen UL

Pan-American Assurance Company offers NexGen UL, an insurance plan with flexibility and important features. This plan can be purchased up to age 90 and has a surrender charge schedule that begins to decrease immediately. The plan is designed for cash accumulation and tax-efficient distributions.


*NexGen UL is not offered in the following states: Delaware, Maryland, Missouri, Oregon, Pennsylvania, and New Jersey.


The following products are available in: Delaware, Maryland, Missouri, Oregon and Pennsylvania
Value Accumulator

A universal life plan that emphasizes tax-deferred accumulation Accumulator and combines coverage with savings.
Budget Manager 3

A universal life plan that emphasizes low cost with an increasing premium over time.
Budget Manager 4

A universal life plan that emphasizes low cost with an increasing premium over time.
Asset Builder

A universal life plan that builds tax-deferred cash value consistently over time, providing impressive values in later years.
Essential

A universal life plan that is ideal for individuals over the age of 50. It also works well in corporate-owned life insurance strategies.

Pan-American Essential Plus

A universal life plan that offers a low premium structure while still providing rapid accumulation of tax-deferred cash values.