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Home > Health Insurance > Life Insurance > Midland National Life
Midland National Life
Midland National was founded in 1906 as Dakota Mutual Life Insurance Company. It reorganized to a stock company in 1909, changing its name to Midland National Life Insurance Company in 1925. In 1970, the company recorded its first billion dollars of life insurance in force. In 1999, the company expanded its operations to include two main locations, the Executive Office, based in Sioux Falls, South Dakota, and the Principal Office, based in Des Moines, Iowa. Since its beginnings in 1906, Midland National has survived two World Wars, the Great Depression, and numerous turns in the economy. Today, it is one of the leading life insurance companies in the country.
As a member of the Sammons Financial Group, Midland National is one of the industries only privately held insurance companies in the process of becoming fully employee-owned. This means that virtually all Midland National employees are shareholders of the company. Life Insurance is a unique financial product. It was designed to provide a death benefit for your beneficiaries if you die, but permanent life insurance can be used for a multitude of other financial needs as well.
With permanent life insurance, you can protect against death, yet plan for life. The primary purpose of life insurance is to provide income tax free death benefits, but life insurance can be used for other purposes as well. To determine how much life insurance you need, you may want to seek the counsel of a qualified Midland National agent. Their representatives have a number of resources at their disposal to help determine your life insurance needs.
They pride themselves on being there for customers when they need them and having the know how to simplify all financial and insurance issues and procedures. The mission is to become the life insurance company of choice by enriching the lives of their customers through quality products and reliable service, built upon a history of success.
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