February, 26 2017

855-322-0783

Life insurance reviews, news and prices from the top companies

Midland National Life Insurance Company Review

Midland National Life Insurance Company Review

Author
  • Price
  • Underwriting
  • Financial Strength

Midland National Life Insurance Company Review

Pros: Rating- Midland National has an A+ (Superior) financial rating from A.M. Best and a 92 out of 100 Comdex score.  Longevity- Midland National was founded in 1906 with a long stable company history dating back to over 100 years.  Website-  Their website provide instant rate quotes without having to speak to anyone. Universal Life- Their universal life products offer some of the best rates in the entire country.

Cons: They typically don’t offer the lowest prices on term life insurance (but they do for on universal life).

Bottom Line: Midland National Life Insurance Company is a highly rated and financially strong life insurance company.  They have been around for over 100 years and with a strong balance sheet are in excellent position to be around for another 100 years.  While there are may be other insurance companies that will offer lower term rates, their universal life rates are among the best in the nation and Midland is a company you should defiantly check out.

About

Type: Employee Owned (Sammons Financial Group-Holding Company)

Issued by: Midland National Life Insurance Company

Founded: 1906

Website: midlandnational.com

Phone: (605) 335-5700

Address: 1 Midland Plaza Sioux Falls, SD 57193

A.M Best Rating: A+ (Superior) Second highest of 16 possible ratings

Comdex Ranking: 92 out of 100

BBB Rating: A+

Competitors: Ohio National Life, New York Life, Northwestern Mutual, Mass Mutual, Mutual of Omaha, John Hancock, PennMutual, Principal, State Farm, Allstate, American General Life, Banner Life, Protective Life, Primerica, State Farm, USAA, Genworth Life, Pacific Life Insurance, North American Co, Lincoln National Life, ING-ReliaStar, Transamerica, Prudential.

 

Price Comparison Chart

Sample rates for a female in each company’s best health class for $500,000-20 year term for a 40 year old.

AgeMidland National SBLIProtectiveJohn Hancock
40$32.26$26.54$26.43$35.70

 

Summary
Review Date
Reviewed Item
Midland National Life Insurance Company
Author Rating
4