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.
Sammons® Financial Group broke ground on their new local headquarters and expanded office space. Designed to accommodate the company’s growth for the next 10 to 20 years, the building will provide space for approximately 200 new jobs in addition to the existing workforce of over 500 employees in the West Des Moines area.
Sammons® Financial Group, Inc. Chairman and CEO, Esfand Dinshaw, received the Glassdoor Employees’ Choice Award honoring the Top CEOs in 2019. Glassdoor, one of the world’s largest job and recruiting sites, released its annual award recognizing the Top CEOs, which highlights leaders that employees love working for in countries throughout North America and parts of Europe.
North American Company for Life and Health Insurance® introduced Classic Term, a top-ranked life insurance product featuring simplicity and highly competitive rates. Classic Term can be an ideal product for those seeking affordable, basic death benefit protection. It is consistently top tier for an annual premium, strongest in non-tobacco classes from $500,000 to $2,000,000 of the death benefit.
Midland National Life Insurance Company Releases Guaranteed Income Annuity with Simplified Income Calculator
Midland National® Life Insurance Company (Midland National), a member of Sammons Financial Group and one of America’s leading insurance companies, today unveiled their MNL Income Planning Annuity, a new 10-year fixed index annuity. This annuity product includes an embedded Guaranteed Lifetime Withdrawal Benefit (at an additional cost), and it features an easy-to-use income quote calculator for customers to determine their lifetime income amount based on net premium, issue age, and their age at the time of income election.