Monday, January 8, 2018

Midland National Continues A+ Rating

Ratings agency A.M. Best gave Midland National an A+ (Superior) in Financial Strength in 20171, marking over 35 years that Midland National has received this ranking. A.M. Best is the oldest and most widely recognized provider of insurance industry-focused ratings, financial data and news. It judges the financial strength of insurance companies as well as the credit quality of the company’s obligations. Their A+ rating denotes insurance companies “that have, in our opinion, a superior ability to meet their ongoing senior financial obligations.” Out of the organizations 15 categories, it is the second highest.
Midland National 2017 AM Best Superior Rating

In addition to the A+ Financial Strength rating, Midland National’s long-term credit issuer rating was affirmed as Stable. A.M. Best first gave Midland National at A+ for financial strength in 1980, and we’re proud to continue our tradition of reliability and financial stability. 

1 A.M. Best is a large third party independent reporting and rating company that rates an insurance company on the basis of the company's financial strength, operating performance and the ability to meet its obligations to policyholders. A+ is the second highest out of 15 categories and was affirmed for Midland National Life Insurance Company as part of Sammons Financial Group on July 6, 2017. For the latest rating, access


Wednesday, December 13, 2017

Midland National Life Insurance Company Releases XL Heritage Offering

Midland National is pleased to offer customers our latest life insurance product, XL Heritage. To share this product with a wide audience, Midland National created a new YouTube video explaining the value and perks of this program to customers.

Brief, yet informative, this video lets customers know that XL Heritage provides a guaranteed death benefit with just one premium.1 No medical exam or blood work is needed, and the decision process can take as little as 20 minutes on the phone.2 XL Heritage can build cash value based on the upward movement of a stock index, but because the cash value isn’t invested in the stock market itself, customers protect themselves against downside risk. With engaging animation and clear information, our video lets customers know this product is a way for them to maximize the legacy they leave to their loved ones.

1 Although XL Heritage is filed as a Flexible Premium Universal Life and allows additional premiums, the product is designed for a single premium payment. There are limited benefits to adding premiums after policy issue - for example, the Account Value will increase with additional premium payments, but the guaranteed death benefit and the Return of Premium Value will NOT. Therefore, clients should carefully consider whether additional premiums should be paid. Product availability subject to state approval.
2 Coverage is subject to some health and lifestyle questions.

Wednesday, August 23, 2017

Ward Group Names Midland National to List of Top 50 Insurers

Midland National Ward's 50 List

Midland National was recently added to the 2017 Ward Group’s top 50 list of top performing insurance companies. Based on data over a five-year period from 2012 to 2016, the list evaluates financial safety, service consistency and performance, and designates companies that have achieved outstanding financial results.

Ward Group is an insurance industry leader of benchmarking and best practices. Each year, the group evaluates the financial performance of more than 700 life and health insurance companies in the U.S, and identifies excelling performers by segment based on objective data and subjective quality measures. The resulting list—dubbed Ward’s 50—is a time-tested standard for insurance rankings.

Learn more about the Ward’s Top 50 list of top performing life and health insurance companies, and view Midland National’s archive of ratings, accreditations and awards over time.  

Thursday, July 27, 2017

Midland National's Commitment to Communities

Midland National In Your Community Life Insurance History

Midland National takes great pride in how we have grown across the country for over a century. We have helped local families blossom year after year through time tested, financially strong offerings. This gives us a sense of fulfillment that keeps us showing up to the office every day. As we look back, we find examples, such as the photo above, that remind us of how we began to support our communities. In the beginning, we focused most of our involvement on investing in our local communities.

Esfand Dinshaw, chairman and CEO of Sammons Financial Group parent company of Midland National accepts Outstanding Corporate Philanthropist award
Esfand Dinshaw, chairman and CEO of Sammons Financial Group (parent company of Midland National), accepts Outstanding Corporate Philanthropist award

Over the years, our focus has evolved to include giving back to our local communities. Our organization is fortunate to be able to donate our dollars and time spent volunteering by our generous employees. We’ve receive notable recognition for our efforts, including having our parent Sammons® Financial Group, Inc., a holding company whose member companies1 include Midland National, named Outstanding Corporate/Foundation by the Central Iowa Chapter of the Association of Fundraising Processionals in 2015.
Sammons® Financial Group is comprised of Midland National® Life Insurance Company, North American Company for Life and Health Insurance®, Sammons Retirement Solutions® Inc. and Sammons Financial Network® LLC, member FINRA.


Tuesday, July 11, 2017

The Backbone of Midland National – Our Employees

Midland National 1950 South Dakota Employees
Employees in the former Watertown, South Dakota home office circa 1950

From day one, in 1906, our employees have served as the backbone of the company. Midland National employees have worked tirelessly to deliver top notch service to our clients nationwide. And while the office décor may have changed, the work ethic has not. Our staff is “heads-down” during business hours, ready to respond to the questions and concerns of valued customers across the nation. Their dedication, in turn, has contributed to the success, sustainability and longevity of Midland National.  

Midland National Top Workplace Award in Iowa
Esfand Dinshaw,  CEO of Sammons Financial Group and Anne Cooper, Senior Vice President and Chief Human Resources Officer, receive 2016 Top Workplace Award.

Midland National takes pride in our hard work and dedication. We strive to show each and every one of our employees how much they are valued and appreciated. In 2016, Sammons® Financial Group, Inc.,  of which Midland National is a member company1, was awarded a Top Workplaces honor by the Des Moines Register. The award, which is generated based on employee feedback, serves as an indicator of organizational strength and a substantial belief in a company’s future. Thank you to all of our employees, new and long-term, for your relentless pursuit of excellence. For those interested in a career at Midland National, see what life is like at the company through the Sammons Financial Group Glassdoor page, or join us through our career pages on LinkedIn and Indeed.

1 Sammons® Financial Group is comprised of Midland National® Life Insurance Company, North American Company for Life and Health Insurance®, Sammons Retirement Solutions® Inc. and Sammons Financial Network® LLC, member FINRA.

Tuesday, June 6, 2017

Over 110 Years of Stability, Strength, and Service

Midland National prides itself on quality service, financial strength, and competitive life insurance and annuity products. These values are born from a long legacy of commitment to service and customers. MidlandNational.Life is an online archive that details the company’s 110-plus year heritage. It functions both as a repository of formative events, and catalog of company milestones throughout the 2010s and beyond.

From its founding in 1906 and its naming in 1925 to its joining of Sammons Enterprises in 1958, MidlandNational.Life details the company’s history decade-by-decade:

For information about Midland National, visit the Midland National Member Company page.

Tuesday, May 30, 2017

Midland National, Other Sammons Member Companies, Earn ‘A+ Stable’ Rating by Fitch Ratings

Midland National, as reported by the Illinois Business Daily, earned an Insurer Financial Strength (IFS) rating of ‘A+’ by Fitch Ratings, a global leader in financial information services and credit ratings. IFS ratings speak to the likelihood that policyholder obligations will be paid in full and on a timely basis, and are only assigned to insurance and reinsurance companies. This rating is the fifth highest of 19 possible rating categories. Read the Fitch Ratings report for more information.

Midland National continues to receive high ratings based on its financial strength and operating results. Independent rating agencies are indicators of an insurance company's ability to meet its obligations. Midland National’s ratings show dedication to customers through prudent investments, strong capital position and delivery of services.