Life Insurance Sales at Sammons Financial Group Surge to Number 10 in 2016
CHICAGO, IL, April 5, 2017 — Life insurance sales were ranked number 10 for Sammons® Financial Group life companies, which include North American for Life and Health Insurance® and Midland National® Life Insurance Company, and its Corporate Market division, in combined sales, according to LIMRA International (LIMRA), a research association for life and health companies.1 The survey includes 83 major companies and the ranking was measured by annual premiums.
North American Company and Midland National President and Chief Operating Officer Steve Palmitier said, “This is quite the achievement when you consider some of the companies on each side of us are household names. The consistent execution of our strategy and relationships with our distribution partners has put us in a great place. Our growth rates have averaged 11% the past five years compared with an industry average of 2%.”2
LIMRA, a worldwide research, consulting and professional development organization, is a trusted source of industry knowledge; helping more than 850 insurance and financial services companies in 73 countries increase their marketing and distribution effectiveness. Visit LIMRA at www.limra.com.
About Sammons Financial Group, Inc.
The member companies of Sammons® Financial Group, Inc. (SFG), are here to help families and businesses protect their future, so they can enjoy life’s moments today. A subsidiary of Sammons Enterprises, SFG is a group of privately-owned financial companies, including several of the most enduring and stable companies in our industry. SFG’s member companies, Midland National Life Insurance Company®, North American Company for Life and Health Insurance®, and Sammons Institutional GroupSM offer some of today’s most sought-after life insurance, annuity, and retirement planning products. Sammons Financial Group: With You for Every MomentSM.
1. Source: LIMRA International, U.S. Retail Individual Life Insurance Sales, fourth quarter 2016 results. Sales based on annualized premium plus excess.
2. Source: Internal Distribution Reports, 2011 and 2016
3. Variable products distributed by Sammons Financial Network® LLC, member FINRA
Variable products distributed by Sammons Financial Network® LLC, member FINRA. Sammons Financial Network® LLC is a member of Sammons® Financial Group an indirect wholly owned subsidiary of Sammons Enterprises, Inc. of Dallas, Texas.