Today we review Midland National for you. What is Midland National? Midland National has been in operation for quite some years now and some of those who want to rely on the services that it offers might still be debating on whether it is the best option out there.
Name of the Company: Midland National Life Insurance
Official Website URL: https://www.midlandnational.com/
Owner: Sammons Financial Group Inc (SFG)
Overall rating: (4.4 / 5)
Recommended? : Yes
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In this article, I will break down for you what this company is offering, what is being said of this company and the benefits and drawbacks of relying on the products and services that it offers. Below are some of the major pointers that I think you will find quite useful.
We help you answer the following questions:
- What is Midland National?
- How does it work?
- Products and services offered?
- IRAs offered?
- Are their services genuine?
- Investment opportunities offered?
- The pros and cons?
- Are there better alternatives out there?
What is Midland National?
Midland National Life Insurance (or Midland National as popularly known) is a well-renowned insurance company that specializes in offering both term and whole life insurance. Traditional life insurance policies are unique covers that guarantee benefits to the family and loved ones of the policyholder, upon the death of the policyholder.
There are many companies that offer this kind of cover, but Midland National happens to be one of the most outstanding service providers in this niche.
This company, which came to birth in 1906 as Dakota Midland Life Insurance, and has all through those years been serving its clients consistently, thus cementing its position as one of the best insurance companies in the USA. As such, the company has managed to introduce a wide range of financial services that have appealed to its all clients. Midland National is a household name with its excellent customer care and the quality of the products and services on its offering.
How does it work?
As a client approaching Midland National for a business deal, you are highly to be interested in checking out the products that it is offering for you to pay for them. The application process followed by clients is pretty much traditional, but it not any less effective. The process is as shown below:
1. Provision of your basic information.
2. Answering a series of questions that are health related.
3. Going through a medical examination.
4. Waiting for 4 to 6 weeks for your application to be reviewed.
5. Receiving a notice of approval.
For the other products that Midland National has on its offering, clients are required to ask for a free quotation (provided on the official website).
Products and services offered?
As discussed above Midland National offers a wide range of products that are of high quality. These are products that are considered to be quite helpful in ensuring that the policyholder and his or her loved on do not go through hardships in the event the policyholder is not in a position to work, or he or she dies.
The products offered by Midland National are all priced differently, which is why it is essential for a person to get a quotation that suits their current as well as the future anticipated situation. These products include:
1. Life Insurance covers.
Term and Whole life Insurance are essentially the two most popular life insurance covers that are offered by Midland National as well as other traditional life insurance companies. In addition to these two insurance policies, Midland also offers Universal Life Insurance, Indexed Universal Life Insurance, and Variable Universal Life Insurance.
This is an investment product that has been a favorite to many people who are headed to their retirement years. Clients who choose Midland National to provide them with this product usually channel funds to an investment account, for which they usually get steady cash flows upon retiring. Midland National offers a number of Annuity products including Immediate Annuities, Traditional Fixed Annuities, and Fixed Index Annuities.
3. Other insurance products
Midland National also offers its clients other insurance products that are often reliable policies that cover different areas of those who are concerned. These include corporate insurance, bank products insurance and credit union-owned policies.
There is no info on any IRAs on their website so we have to assume that they do not offer that.
Is Midland National a Scam or is it Legit?
With the kind of reputation that Midland National has managed to build itself over the one century, it has been in business, it would be a disservice to even think of this company as a scam. The reviews given by consumer trust sites and companies are a testimonial to the proverbial excellence that Midland National has cultivated over the years it has been in existence.
Some of the main ratings that Midland National has received include:
A.M. Best: A+
S&P Rating: A+
Better Business Bureau: A+
All the above ratings have been given to Midlands National due to:
– Its ability to maintain a strong commitment to forging great relationships with its clients.
– Well-established growth strategies.
– Having a strong business profile.
– A strong financial risk profile.
Besides these ratings, this company has received very positive reviews from a number of sites that are considered trustworthy by insurance cover and investment instruments seekers. Some of the most outstanding and detailed reviews are provided by Life Insurance blog (https://www.lifeinsuranceblog.net/midland-national-life-insurance-company-reviews/), US Insurance Agents (https://usinsuranceagents.com/reviews/midland-national-life/), Best Life Rates (https://www.bestliferates.org/companies/midland-national-life-insurance-review/), and AnnuityGator(https://www.annuitygator.com/independent-review-of-the-midland-national-life-livewell-fixed-indexed-annuity/). The independent reviews provided on these sites are sufficient proof that Midland National is a genuine company providing excellent products and services.
Midland National provides investors with the opportunity to grow their wealth as they seek to secure their age at retirement. This company has annuity products on offer. Clients usually channel their funds to the annuity accounts created by Midland National, and they are usually guaranteed steady cash flows when they head for retirement.
Pros and Cons
We always provide you with both the positive as well as the negative sides of a company in our reviews, below you got some clear points on both sides of the spectrum:
-Has an A+ rating on A.M Best, S&P, Fitch and BBB.
-Excellent customer service.
-Has assets exceeding $51 Billion, hence is a well-performing financial services company.
-Has a variety of products on offer.
-Misinformation of elderly clients on their product offerings in 2011 (led to this company’s $1.3 million lawsuit)
-No IRAs offered
Do You Own or represent Midland National?
If you are a representative, or associate of Midland National and have found something not to be correct in this review please, feel free to tell and I will make sure to update the info on this post. The easiest way to do it is in the comment section below or else you got the e-mail on the about page.
Final words and verdict:
Overall rating: (4.4 / 5)
Ok, I think that sums up the overall view of this company pretty good. It is a legit one for sure, however, if it is your best alternative out there is another story. That is something you have to decide yourself, and of course, it, first of all, depends on what you are looking for.
If you are looking for life insurance and annuities they might be a good alternative, if you are looking for IRAs and rollovers I always recommend GOLDCO as they have a flawless record and are the (by far) most top rated company in the precious metals (and also bitcoin) industry so I suggest you check them out as well if you haven´t already.
Always review and compare different alternatives against each other before you make any investment decisions.
You made a wise decision to read this review and you are a smart person, so I am absolutely sure that you will find the right company that suits your particular need the best and that you feel comfortable doing business with.
There are many great investment services out there, I have listed many of them on this website, however, the absolute best one I can recommend (when it comes to IRAs and 401k rollovers) is GOLDCO, it is USAs #1 rated company to invest in Precious Metals IRAs:
I hope you found this short review of Midland National to be helpful and you now have a better understanding of what it is and if they offer IRAs. Please, if you have used any of their services then share your experience in the comment section below as it can help others! Also, if you got any questions about this review I will be more than happy to answer them below!
I wish you success!
founder of: Goldretired.com