Choosing a life insurer is a big financial decision. It’s about protecting your family and securing your future. Midland National has been trusted for over a century. It’s known for its strong ratings and reliability.
This review covers Midland National’s insurance plans and rates. We look at term, universal life, and indexed universal options. We also examine annuity offerings, customer service, and any complaints or lawsuits.
Find out if Midland National is right for you. See how its annuity rates compare and what to ask a financial advisor. This review includes sample costs, competitor comparisons, and next steps for you.
Key Points;
- Midland National offers a broad mix of life and annuity products backed by strong ratings and long history.
- Expect competitive midland national rates for annuities and several policy types; pricing varies by age, health class, and tobacco use.
- Product lineup includes term, guaranteed universal life, indexed universal life, FIAs, MYGAs, and SPIAs.
- Look for riders, living benefits, and the WriteAway underwriting options when comparing policy features.
- Availability excludes New York; consult a licensed adviser for illustrations and tax implications before buying.
Overview of Midland National Life Insurance and company ratings
Midland National has been writing life insurance for over a century. It’s part of Sammons Financial Group. The company works with financial pros to help families, business owners, and those planning for retirement.
Looking for insurance? Midland offers both permanent and term products through its network.
Company history and ownership
Midland National started over a hundred years ago. It focuses on life insurance and annuities. Being owned by Sammons Financial Group means it has more resources and risk management.
This setup helps with product development and getting policies out through agents and broker-dealers.
What is Midland national life insurance phone number?
- Life Insurance: 800-843-3316
- Agent Solutions: 800-843-3316
- Licensing & Contracting: 800-843-3316
📞 Customer Service Hours: Monday – Thursday, 7:00 AM – 5:30 PM (CST)
Financial strength and third‑party ratings
Independent ratings are key for long-term promises. A.M. Best gives Midland National an A+ (Superior) rating. This is a high mark they’ve kept for years.
S&P Global Ratings also gives them an A+ (Strong). This shows they have a solid financial base. Fitch has an A+ rating with a stable outlook. These ratings show Midland’s strong finances and steady returns.
Where Midland National sells policies
Midland National sells policies in most U.S. states. They don’t sell in New York, but they do in Washington, D.C., Puerto Rico, Guam, and the U.S. Virgin Islands. They also offer coverage on many military bases worldwide.
But, state rules can change what products and riders are available. So, it’s important to check what’s available in your state.
When looking at insurance options, it’s good to read reviews and check ratings. Also, talking to a licensed financial advisor can help. They can help you find the right product for your needs, keeping in mind the company’s financial health and how they sell policies.
midland national life insurance product lineup
Midland National has a range of life insurance options. They focus on term life, guaranteed universal life, and indexed universal life. Agents help guide buyers through these choices.
Term life insurance options and typical term lengths
Term life insurance comes in 10, 15, 20, and 30-year options. Premiums stay the same for the term chosen. You can convert term life to permanent coverage before it ends.
Some policies let you access cash value for chronic or critical illness. This helps while you’re alive.
Guaranteed universal life and its intended use
Guaranteed universal life offers a death benefit for life at a lower cost. It has little cash value growth. It’s good for final expenses, legacy planning, or long-term needs.
Indexed universal life (IUL) and how index crediting works
IUL policies grow cash value based on the S&P 500 index. They have caps, rates, and a floor to protect against losses. This mix offers growth with some safety.
But, it’s complex and needs careful planning. Advisers use tools to show how it works and avoid surprises.
Products are sold by agents and financial pros. Online quotes are rare, mostly for term life. To get a clear picture, use Midland National’s tools to see all the details before buying.
Midland National annuities and Midland National annuity rates
Midland National offers a range of retirement annuities. They focus on steady income and keeping your money safe. You can choose from fixed indexed annuities, multi-year guarantee annuities, and single-premium immediate annuities.
Each type works differently to give you returns and income. It’s important to compare them when planning for retirement. Look at their features, how long you can keep your money, and the rates they offer.
Fixed indexed annuities earn interest based on a market index like the S&P 500. They use different ways to add interest, like point-to-point or annual reset. These annuities also have floors to protect your money and caps to limit gains.
This makes them good for those who want to grow their money but also keep it safe.
Multi-year guarantee annuities give a fixed interest rate for a set time. Midland National sees MYGAs as a safe choice for retirement. The interest rates change based on when you buy it and how long you keep it.
To get the exact rates, talk to an advisor. They can help you find the best MYGA rates for your needs.
Single-premium immediate annuities turn a big sum of money into a steady income right away. The amount you get depends on your age, sex, and the type of annuity you choose. Midland National focuses on making sure you get a steady income for as long as you need it.
Before buying, think about how easy it is to get your money back, any fees, and if you can use your money when you need it. Compare Midland National’s options with others. Also, consider how they might do in times of inflation. A financial advisor can help you see if Midland National’s rates and plans fit your retirement goals.
Policy features, riders, and living benefits
Midland National lets you customize your coverage with various riders and living benefits. These options can increase protection or add income sources. They also offer early access to part of the death benefit for serious health issues.
Common riders for flexible protection
An accidental death rider adds extra money for qualifying accidents. It’s good for jobs or lifestyles that are risky. It’s found on some universal life products.
A children’s term rider gives coverage for kids. It’s cheap and helps with short-term needs. It doesn’t change the main policy.
The guaranteed insurability rider lets you buy more coverage later without health checks. It’s great for those expecting income growth or family changes.
Disability riders and premium protection
The flexible disability benefit rider pays a monthly sum after six months of disability. It’s not in every state, like California. Check if it’s available before you apply.
A waiver of charges for disability rider stops policy charges during disability. It keeps the policy alive and cash value safe during long disabilities.
Living benefits and accelerated death benefit provisions
Living benefits let you use part of the death benefit early for serious illnesses. This reduces the death benefit and may affect taxes and cash value.
Accelerated death benefit provisions help with medical or long-term care costs. Talk to a tax expert before choosing this option. It can affect taxes and public benefits in states like Texas.
Practical checklist before adding riders
- Compare rider cost versus expected benefit over time.
- Verify state availability and specific exclusions for each rider.
- Confirm how loans or withdrawals alter cash value and death benefit.
- Discuss tax and public assistance implications with a qualified advisor.
Quick comparison of common options
| Rider | Primary Benefit | Typical Limits / Notes |
|---|---|---|
| Accidental death rider | Extra payout on covered accidental death | Available on select universal life products; benefit multiple varies |
| Children’s term rider | Term coverage for dependent children | Low cost; convertible to permanent coverage on some plans |
| Guaranteed insurability rider | Buy additional coverage later without medical exam | Subject to age and purchase limits; ideal for growing families |
| Flexible disability benefit | Monthly benefit after extended disability | Six-month waiting period common; not available in all states |
| Waiver of charges for disability | Suspends policy charges during qualifying disability | Protects cash value and ensures policy continuity |
| Accelerated death benefit | Early access to part of death benefit for serious illness | Reduces death benefit and may have tax consequences |
When looking at riders, check midland national insurance reviews and product details. Talk to your agent about cost examples. They can show how each rider affects your policy’s value and death benefit over time.
Coverage options, underwriting, and eligibility
Midland National Life Insurance has options for everyone. Term policies are for the young who want affordable, short-term coverage. Guaranteed universal life is for those seeking lifelong coverage with some cash growth.
Indexed universal life is for those who like flexible payments and the chance for their cash value to grow with the market.
Who qualifies for term, universal and indexed policies
Who gets what depends on age, health, and policy type. Younger people with good health can get term policies. Guaranteed universal life is for those who accept fixed payments and don’t mind less cash growth.
Indexed universal life is for those who like flexible payments and the chance for their cash value to grow with the market.
Underwriting process, paramedical exam requirements, and WriteAway
The underwriting process is standard. Midland National looks at medical records and prescriptions. They also use third-party data for risk assessment.
People over 50 need a paramedical exam. This includes a medical questionnaire, physical exam, and blood and urine tests. You’ll get a call from a local paramed vendor and need to schedule it.
WriteAway is for those under 50. It’s fast, taking about 48 hours, if you meet certain health standards. Talk to your agent about WriteAway rules and health requirements.
Age limits, state availability and special considerations
Policies are available in most U.S. states, except New York for some products. Riders and features can vary by state, affecting what’s available.
Veterans and non-U.S. residents might need extra steps or documents. Military personnel abroad should check their location’s eligibility rules. Texas has special notices about how accelerated benefits might affect public aid.
To speed up approval, gather your medical history, prescriptions, and beneficiary info. Check if WriteAway is right for you. If needed, prepare for a paramedical exam. Good communication with the underwriter helps get your policy faster.
Costs and Midland National rates by age group and risk profile
Premiums and Midland National rates are influenced by several factors. These include age, gender, health class, and tobacco use. Coverage amount, policy type, and term length also play a role. Understanding these factors helps when comparing premium costs.
How premiums typically vary by age and gender
People aged 25–40 usually get the lowest term policy premiums. As you get older, premiums go up because of higher mortality risk. Term policies are often the cheapest option for a certain death benefit.
Permanent policies, like guaranteed universal life, have higher initial rates. They also have ongoing charges that affect cash value growth.
Impact of health class and tobacco use on pricing
Applicants are placed in health classes like preferred plus, preferred, standard, or substandard. Being in a preferred or preferred plus class and not smoking can lower rates. Smoking and health issues raise premium costs a lot.
Midland National uses medical exams and lab tests to determine health class.
Projected costs for term vs permanent policies and sample scenarios
Life insurance pricing varies based on individual factors and state laws. A 20-year term policy is often the cheapest at first. GUL and IUL have higher premiums due to extra costs and interest mechanics.
Riders also increase premium costs. To make informed choices, get quotes from Midland National or an agent. Use the EasySolve tool for illustrations and ask for different index scenarios for IUL.
Compare total premium costs over time to decide between term and permanent policies. This helps meet long-term financial goals.
Take action: get at least three quotes and confirm health class assumptions. Ask for detailed illustrations that show cash value, costs, and hypothetical interest. This helps understand true costs and compare Midland National plans with others.
Policy management, claims experience, and customer service contacts
Managing your Midland National policy is easy. You can keep all your documents and policy numbers in one spot. Online tools help you access your account and find information quickly.
But, some tasks need help from a financial expert or the company’s portal. Use Midland National login to check your coverage, view statements, and update your contact info when you can.
Claims experiences vary. Some people get payments quickly, while others face delays. Keep your policy number and death certificate ready to speed up the process.
Clear identification and good notes help avoid delays with claims handlers.
How to manage a Midland National policy online and Midland National login
Sign up for the company portal with your policy number and personal info. The portal lets you manage your policy, download documents, and see premium payments. If you hit a limit, call customer service or talk to your agent for more help.
Filing a claim and typical documentation required
- Call the claims line at 1-800-733-2524 to start a life claim or submit an online claim form.
- Provide the policy number, date of death, a certified death certificate, beneficiary contact details, and claimant identification.
- Include any physician statements, medical records, or coroner reports if requested to support contestability or accelerated benefit review.
Customer service phone numbers, claims line, email, and mailing address
| Purpose | Contact |
|---|---|
| General customer service | 1-800-923-3223 |
| Claims line | 1-800-733-2524 |
| Email for life correspondence | LifeCorrespondence@SFGmembers.com |
| Mailing address | One Sammons Plaza, Sioux Falls, SD 57193 |
| Company website | www.midlandnational.com |
Steps can help if a claim is slow. Escalate to claims management, document each contact, and file a complaint with your state insurance department if needed. Check midland national insurance reviews to see how others have dealt with claims and customer service.
Midland National insurance reviews, complaints, and legal history
Customer experiences with Midland National Insurance are mixed. Some praise the product design, while others face service issues. Websites highlight the company’s financial strength and clear policy details. Yet, user forums and reviews show mixed feelings about claims handling and policy upkeep.
Reviews on Bankrate, Yelp, and Reddit offer real-life insights. Bankrate gives Midland National a 4.1 out of 5 rating, praising its financial health but noting fewer products and weaker digital tools. Yelp users often mention issues with claim timelines and policy terminations due to small payment problems. Reddit users appreciate the flexibility of universal life policies but warn about the complexity of servicing and illustrations.
The NAIC complaint index and J.D. Power scores provide benchmarks. Midland National has a NAIC complaint index below the industry average for life insurance, indicating fewer complaints. J.D. Power ranked the company 784 out of 1,000 in 2023, slightly below the average, showing room for improvement in customer satisfaction.
Common complaints include poor communication, payment issues, and slow claim processing. There have been disputes over delayed claim payments and customer service responsiveness. No major class-action lawsuits or regulatory actions are publicly known against Midland National.
For those interested in regulatory updates, check state insurance department databases and NAIC complaint summaries. These records show complaint patterns by state and help determine if issues are isolated or widespread.
| Source | What reviewers note | Implication for buyers |
|---|---|---|
| Bankrate | 4.1/5 overall; strong financials; limited digital features | Good claim-paying ability; expect slower online tools |
| Yelp | Claims delay reports; stress around small payment issues | Monitor billing setup and maintain payment records |
| Praise for universal life design; caution on complexity | Seek advisor help for policy structure and riders | |
| NAIC complaint index | Below industry baseline for life insurance complaints | Fewer formal complaints versus peers, but check state files |
| J.D. Power | 784/1,000 in 2023 study, slightly below average | Customer satisfaction okay but room to improve service |
When choosing an insurance company, consider Midland National’s financial rating and independent reviews. The company’s strong finances support its ability to pay claims, despite customer service issues. Compare the company’s products, policy terms, and service expectations before making a decision.
Comparing Midland National with competitors and alternatives
When looking at life insurance, focus on what fits you best. This includes product fit, financial strength, and rider choices. Also, consider pricing, how it’s sold, digital tools, and customer service.
midland national vs massmutual
MassMutual is great for traditional whole life policies. It offers deep cash-value capacity. Buyers who want whole life and lots of rider options often choose MassMutual.
Midland National is known for guaranteed universal life and indexed universal life. It also has strong annuity solutions. If you’re looking at accumulation and legacy, compare these features to find the best permanent policy.
midland national vs state farm
State Farm has a wide agent network and simple term products. It also has good customer satisfaction for term buyers. Midland National sells term options but has fewer online tools and a smaller agent footprint in some areas.
If you want easy term quoting and a local agent, compare Midland National and State Farm. Think about distribution and how easy it is to buy.
midland national vs globe life
Globe Life offers fast underwriting and no-exam paths for many. Midland National requires paramedical exams for older applicants but has programs for younger clients. If quick issuance or guaranteed issue is important, compare Midland National and Globe Life for underwriting flexibility.
| Comparison Element | Midland National | MassMutual | State Farm | Globe Life |
|---|---|---|---|---|
| Permanent product focus | GUL, IUL and annuities | Whole life depth and cash accumulation | Limited whole life options via agents | Minimal whole life, focus on term/simplified |
| Term product strength | Available, fewer online tools | Offered through advisors | Strong agent network and quoting | Simple issue term options |
| Underwriting approach | Paramedical exam common, WriteAway for select cases | Traditional underwriting with flexibility | Standard underwriting via agents | Simplified or guaranteed issue options |
| Rider availability | Common riders, living benefits on some products | Extensive rider menus for whole life | Core riders via agents | Limited rider depth |
| Digital tools and quoting | Moderate digital presence | Advisor tools, limited direct quoting | Strong online and agent quoting | Quick application for simplified issue |
| Best for | Buyers seeking annuities and permanent options like GUL/IUL | Customers wanting whole life cash growth | Term buyers who value local agents | Applicants needing fast, no‑exam coverage |
Choose a carrier that fits your needs. If you want annuities and permanent options, Midland National is good. For whole life cash growth, MassMutual is better.
If you prefer term simplicity and agent reach, compare Midland National and State Farm. For quick issue or no-exam paths, consider Midland National and Globe Life as alternatives.
Pros and cons of choosing Midland National insurance
Midland National has top ratings from A.M. Best, S&P, and Fitch. This means they are very good at paying claims and are likely to stay strong for a long time. They focus on helping people with retirement and life protection, not on a wide range of products.
Strengths
- They offer a wide range of annuities, including FIAs, MYGAs, and SPIAs. These are great for people who want steady growth and guaranteed returns.
- They have many rider options, like accidental death and disability riders. This lets advisors create life insurance plans that fit each person’s needs.
- They work with financial professionals who can help with complex needs. This makes it easier to manage policies and get advice.
Limitations
- They don’t have as many products as some big companies. If you’re looking for whole life insurance or a wide range of products, you might not find it here.
- Their online tools and quoting are not as good as some others. You might need to work with an agent to manage your policy.
- Some people have mixed feelings about their service and claims process. While they have a low number of complaints, some customers have had issues.
Who suits Midland National
- People who value financial strength and a good insurance company rating.
- Those looking for guaranteed universal life or indexed universal life with flexible riders and advisor help.
- Retirees who want fixed-indexed annuities or MYGAs for their retirement income.
Who should consider alternatives
- Those who want whole life insurance or a wide range of products.
- People who need quick, easy coverage without medical exams. Companies like Globe Life might be a better fit.
- Consumers who prefer easy, app-based policy management and direct online quoting over working with an agent.
Conclusion
Midland National Life Insurance offers strong financial security. It has a long history and high ratings from others. It has many products like term life, universal life, and annuities.
It also has riders and living benefits. If you want stable annuity options, Midland National is a good choice.
Policy management and claims experience can vary. Online quoting and mobile tools are not as good as some others. You will need to work with a licensed agent.
Use Midland National’s EasySolve illustrations to compare policies. Keep your beneficiary info and policy documents up to date. Know who to contact for claims and customer service.
Get personalized quotes from Midland National and at least two others. Check if they are available in your state. Make sure you know about rider eligibility and underwriting.
Look at surrender charges, policy loan rules, and MEC impacts. Talk to a tax advisor about accelerated benefits and public assistance. Midland National has strong financial security and annuity options.
But, it has limited digital tools and fewer products. Use agent-led illustrations and compare to find the best plan. Read midland national insurance reviews to help make your decision.
