Monday, March 19, 2018

Midland National Announces Spring Home Sweepstakes

Midland National Facebook Home Improvement Contest Image

With spring right around the corner, Midland National is holding their Spring Home Sweepstakes that will award one grand prize winner $1,000 for home improvement projects. The contest opened on March 1st and runs through March 20th, 2018. In addition to the grand prize, smaller weekly prizes are also available.

Contest participants only need to fill out a form on Midland National’s Facebook page to be eligible to win. Keep checking our Facebook page for weekly prizes, and follow it for tips on retirement planning, saving money, and living well all year long. 

Monday, March 5, 2018

Midland National Introduces WriteAway Accelerated Underwriting

Midland National Life Insurance Company is now offering a faster, less invasive way to apply for a life insurance policy with WriteAwaySM Accelerated Underwriting. This process includes an online application and phone interview, and it can eliminate the need for lab tests and examinations.

Different than the underwriting process for many policies, WriteAway allows customers meeting certain qualifications to submit an application through Midland National’s ExactApp® system. If an applicant meets the requirements, they will proceed to a brief phone interview and typically receive a decision within about 48 to 72 hours. “We know that today’s life insurance customer not only wants affordable protection, they want it approved quickly and they don’t want to submit lab tests and exams,” said Rick Gordon, vice president, corporate underwriting for Sammons Financial Group, an affiliate of Midland National.

WriteAway is currently available for term life insurance products, and Midland National expects to offer it for additional products later this year. Learn more about this new process.

Wednesday, February 28, 2018

Former Sammons Financial Group CEO John Watson Passes Away

Former CEO and Chairman of Sammons Financial Group John C. “Jack” Watson passed away on January 24, 2018. He joined Midland National in 1992 as President, CEO, and Chairman, and when Sammons Financial Holdings (later renamed Sammons Financial Group) was established four years later, Watson was named Chairman and CEO. He served in these roles for eight years, retiring in 2000.

During his tenure, Midland National celebrated its 90th anniversary in 1996 and commemorated reaching $50 billion of life insurance in force. Under Jack’s leadership, Midland National increased its life insurance in force from $42.3 billion to $69.3 billion. “Jack had a huge impact on the company,” said Mike Masterson, former SFG Chairman and CEO, and currently on the board of directors for Midland National® Life Insurance Company and North American Company for Life and Health®. “He was responsible for changing the culture and helped set the stage for the significant growth the company has experienced over the last 20 years.” Read more about Jack’s leadership. 

Monday, February 26, 2018

With You at Every Moment - Sammons Financial Group’s New Website

At its core, Sammons® Financial Group’s goal is to help people and businesses across America be financially prepared for the future so they can enjoy life’s moments today. With its member companies – including Midland National®– Sammons Financial Group Member Companies offer contentment by way of a secure future.

In the spirit of future growth, Sammons Financial Group launched its new website and taglineWith You at Every MomentSM. The redesigned site quickly guides users to essential information about the company and its financial services organizations.

Accompanying the tagline is a video exemplifying the “moments” Sammons Financial Group Member Companies’ policyowners should enjoy, knowing their financial future is protected. 

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.