Newsroom

Sammons^® Financial Group, Inc. (SFG) is pleased to announce the recent hiring of Jill Esser as vice president, annuity product development. Esser will be responsible for all aspects of the fixed and fixed indexed annuity product development and pricing, working with both Sammons Independent Annuity Group and Sammons Institutional Group.

North American Company for Life and Health Insurance^® launched a new Premium Deposit Agreement (Agreement) for most single life Indexed Universal Life products. The new feature allows the policyowner to submit a lump sum and creates a Premium Deposit Account (PDA) for the purpose of automatically funding future annual premium payments on the policy. This provides many potential benefits including worry-free premium payments, opportunity for growth, and helping avoid creating a Modified Endowment Contract (MEC).

North American Company for Life and Health Insurance^® announced the addition of the Accelerated Death Benefit Endorsements (ADBE) for critical and chronic illness on ADDvantage^® Term. This is a welcome addition to the already included terminal illness benefit. The new endorsements will be added to eligible ADDvantage Term life insurance policies at the time of issue for no additional premium.

Midland National^® Life Insurance Company announced the release of a new Premium Deposit Agreement (Agreement) feature for most single life Indexed Universal Life products. The new feature allows the policyowner to submit a lump sum and creates a Premium Deposit Account (PDA) for the purpose of automatically funding future annual premium payments to a policy.

Midland National^® Life Insurance Company announced the addition of Accelerated Death Benefit Endorsements (ADBE) for critical, chronic, and terminal illness on Premier Term products. This is a welcome addition to the already included terminal illness benefit. The new endorsements will be added to eligible Premier Term life insurance policies at the time of issue for no additional premium.