About Midland National 

Since 1906, Midland National has provided fixed annuities and life insurance policies to individuals and families across the United States. Originally founded as Dakota Mutual Life Insurance Company, and assuming the name Midland National Life Insurance Company in 1925, the company dedicates itself to preserving its legacy of providing insurance financial services that protect individuals and families alike.

Midland National has enjoyed steady growth, stability, and industry success through its annuities and life insurance solutions for more than 110 years. An essential part of continuing that tradition of stability is the organization’s broad product portfolio designed to fit the individual needs of both personal and business policyholders, and its focus on long-term sustained growth and outstanding achievements of agents, distribution partners, and employees.

Midland National offerings

Trust is perhaps the most valuable commodity in the insurance business. Life insurance and annuities offer financial protection for individuals and families. After more than 100 of providing quality products and excellent service, Midland National looks forward to celebrating many more milestones in the years to come.

Midland National's independent agents offer a wide array of products to suit many individual needs:

Fixed index, traditional fixed and immediate annuities

Designed to produce guarantees backed by the financial strength of Midland National. Independent agents appointed by Midland National help guide customers in seeking insurance products suitable for their individual needs based on state-by-state buying guides.

Life insurance

Midland National's independent agents also offer term, whole, universal, and indexed universal life insurance policies to provide policyowners and beneficiaries with financial protection. Midland National knows the value and importance of having the right policy in place and weighing all factors involved to help determine which policies are right for each individual.

Midland National's division, Sammons® Corporate Markets Group, provides life insurance products specifically for banks, credit unions, business corporations, and government entities. The Corporate Markets Group provides life insurance products to help fund future benefit obligations such as retirement benefits and post-retirement medical costs. Today, Sammons Corporate Markets Group is a leading provider of Bank Owned Life Insurance in our country.

Midland National at every step of life

A heritage of trust

Midland National recently celebrated its 110th year of providing quality service, financial strength, and life insurance and annuity products. The company looks forward to another 100+ years of providing quality products and excellent service.

As a privately-held company, Midland National is not subject to the short-term earnings pressures that publicly-held companies often face. Midland National focuses on long-term strategic growth, rather than short-term earnings.

Midland National has earned high year-over-year ratings from third-party, independent reporting companies. Independent agency ratings provide a vital picture of an insurer's ability to keep commitments to its customers. The following ratings are based on our financial strength, operating performance, and ability to meet obligations to our policy owners and contract holders.


  • Midland National earned A+ (Superior) Rated by AM Best1, as a part of Sammons Financial Group, based on the company's financial strength, operating performance, and ability to meet its obligations to contract holders (2nd highest category of 15). The rating was affirmed on August 29, 2023.
  • Midland National earned an A+ (Strong) Rating by S&P Global Ratings, as part of Sammons Financial Group The A+ rating, affirmed on May 24, 2023, is the 5th highest rating out of 22 categories.

Indexed Universal Life Insurance products are not an investment in the “market” or in the applicable index and are subject to all policy fees and charges normally associated with most universal life insurance.

Life insurance policies have terms under which the policy may be continued in force or discontinued. Permanent life insurance requires monthly deductions to pay the policy’s charges and expenses, some of which will increase as the insured gets older. These deductions may reduce the cash value of the policy. Current cost of insurance rates and current interest rates are not guaranteed. Therefore, the planned periodic premium may not be sufficient to carry the contract to maturity.  The policy's death benefit is paid upon the death of the insured. The policy does not continue to accumulate cash value and excess interest after the insured's death. Please refer to the customized illustration provided by your agent for additional detail. For costs and complete details, call or write Midland National Life Insurance Company, Administrative Office, One Sammons Plaza Sioux Falls, SD 57193. Telephone: (605) 335-5700.

Fixed index annuities are not a direct investment in the stock market. They are long term insurance products with guarantees backed by the issuing company. They provide the potential for interest to be credited based in part on the performance of specific indices, without the risk of loss or premium due to market downturns or fluctuations. Although fixed index annuities guarantee no loss of premium due to market downturns, deductions from your accumulation value for optional benefit riders or strategy fees or charges associated with allocations to enhanced crediting methods could under certain scenarios exceed interest credited to the accumulation value, which would result in loss of premium. They may not be appropriate for all clients. Interest credits to a fixed index annuity will not mirror the actual performance of the relevant index.

1 A.M. Best is a large third-party independent reporting and rating company that rates an insurance company on the basis of the company's financial strength, operating performance and the ability to meet its obligations to policyholders.

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Best's Ratings are under continuous review and subject to change and/or affirmation. To confirm the current rating, please visit the A.M. Best website, www.ambest.com.

S&P Global Ratings awarded its "A+" (Strong) rating for insurer financial strength on February 26, 2009, and affirmed on May 23, 2023, to Midland National Life Insurance Company, The "A+" (Strong) rating is the fifth-highest out of 22 available ratings as a member of Sammons ® Financial Group.