News
Midland National Life Insurance Company Adds Accelerated Death Benefit Endorsements for Critical, Chronic, and Terminal Illness Premier Term Series Products
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.
A.M. Best Affirms A+ Rating for Sammons Financial Group and its Member Companies
A.M. Best has affirmed the Financial Strength Rating A+ (Superior) rating for Sammons® Financial Group, Inc’s (SFG) member companies, Midland National®l Life Insurance Company (Midland National) and North American Company for Life and Health Insurance® (North American).
Midland National Life Insurance Company Named to 2018 Ward’s Top 50 List
Midland National® has been named to the 2018 Ward’s 50® list of top performing life-health insurance companies. The top 50 list is generated annually after careful analysis of more than 700 life-health companies. Each top 50 company has achieved superior performance and passed all safety and consistency screens over the five-year (2013-2017) period analyzed by the Ward Group.
Sammons Retirement Solutions Launches LiveWell Freedom Variable Annuity
Sammons Retirement Solutions®, which creates simple, innovative and straightforward solutions to help individual investors live well in retirement has launched the LiveWell® Freedom Variable Annuity (VA) which features a first-of-its-kind Guaranteed Lifetime Withdrawal Benefit (GLWB) feature. The innovative VA is the first that provides investors with greater freedom in retirement on their “Freedom Date,” a specific date determined at issue.
Sammons Financial Group Donates Funds Towards Galileo Scholastic Academy of Math & Science’s New Science Laboratories
Sammons® Financial Group Member Companies employees recently participated in the ribbon cutting ceremony for Galileo Scholastic Academy of Math & Science’s (Galileo) new science laboratories. The event marked the completion of construction for the labs, a project that was initiated by a parent-led fundraising group, Friends of Galileo, and supported by Sammons Financial Group, Chicago Public Schools, a private family and the school’s 2017 Reach for the Stars fundraiser.