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WEST DES MOINES, IA - March 5, 2020 — Sammons Financial Group has named Carmen Walter, a financial product development expert, as vice president of the company’s Corporate Markets Group. Walter has more than 30 years of experience in product development, pricing, and implementation in financial services. His expertise ranges from retirement solutions to individual life insurance policies, annuities, and corporate-owned markets. 

Since 2004, Walter has led the product development team for Sammons Financial Group’s Corporate Markets division, playing an integral role in building and strengthening in-force and risk-management capabilities. The Corporate Markets team at Sammons Financial is dedicated to developing and bringing to market the innovative financial solutions to meet the changing needs of its business customers.  

“Carmen is an excellent example of someone who models our company’s core values in his daily work,” said Ron Ottenbacher, president of the Corporate Markets Group at Sammons Financial. “Since joining our team, he has enhanced the team’s in-force and risk-management excellence.  I look forward to his ongoing leadership in developing new financial products to meet our growing customer need.” 

As vice president, Walter will be responsible for managing all aspects of financial product development for the Corporate Markets division. He will work closely with bank, credit union, insurer, and pension partners to implement new products in their key markets. Additionally, Walter will continue to have responsibilities related to in-force management and reinsurance policies.  

Walter holds an undergraduate degree in mathematics from Minnesota State University in Moorhead. He is a member of the American Academy of Actuaries and a Fellow of the Society of Actuaries. Walter and his family reside in Moorhead, Minnesota.

About Sammons^® Financial Group, Inc.

The companies of Sammons^® Financial Group, Inc. help families and businesses protect their future to enjoy life’s moments today. A subsidiary of Sammons Enterprises, Inc., Sammons Financial Group is privately owned with member companies that are among the most enduring and stable in the financial services industry. Our companies include Midland National^® Life Insurance Company (including Sammons^® Corporate Markets); North American Company for Life and Health Insurance^®; and  Sammons Institutional Group^SM (including Midland Retirement Distributors^® and  Sammons Retirement Solutions^®). Together, we offer today’s most sought-after life insurance, annuity, and retirement planning products. Sammons Financial Group: With You for Every Moment^®.