Midland National Life Insurance: What You Should Know

Midland National Life Insurance offers a range of life insurance products, including term and universal life options, with a reputation for low complaint rates, making it a reliable choice for securing your financial future.

An Overview

Midland National started as Dakota Mutual Life Insurance Co. in 1906. It later changed its name in 1925 and is now part of Sammons Financial Group Inc., along with North American Company for Life and Health Insurance.

Midland National offers different types of life insurance, like term, universal life, and indexed universal life insurance. They also have extras you can add to your policy, such as accidental death benefits, accelerated death benefits, and coverage for children. Their insurance policies are budget-friendly and can be adjusted to suit your needs.

Midland National Life Insurance: What You Should Know

Midland National offers various insurance products, including Premium Term, Essential Guaranteed UL 5, Strategic Protector IUL with Premium Guarantee Rider, Strategic Accumulator IUL 2, Strategic Protector IUL (Base Policy), and Strategic Accelerator IUL 2 with Waiver of Surrender Charge Option.

According to the National Association of Insurance Commissioners (NAIC), Midland National receives very few complaints compared to the average, with a complaint index of only 0.22.


  • Affordable term life insurance premiums: Midland National offers very affordable premiums for term life insurance, as confirmed in a review of 32 term life insurers.
  • Many available riders: If you want to customize your life insurance policy, Midland National provides numerous optional riders, and some come at no extra cost.
  • No-medical-exam policies offered: Midland National uses an accelerated underwriting process called WriteAway to waive the medical exam requirement on certain term and permanent life insurance policies.
  • Various policy types: Midland National offers a range of policy types, including term, whole, universal, and indexed universal. If you’re uncertain about which policy suits you best, you’re likely to find the right one here.


  • Unable to apply online: To apply for a life insurance policy from Midland National, you’ll need to collaborate with an agent via phone or in-person.
  • Website lacks policy information: Midland National’s website doesn’t provide clear information regarding their life insurance policy types and product details.

Midland National life insurance

Midland National, a company under the Sammons Financial Group, offers life insurance in various forms. They’ve been providing coverage since 1906 and are available in 49 states, as well as Washington, D.C., Puerto Rico, Guam, the Virgin Islands, and both domestic and international military installations. However, they do not offer coverage in New York. Besides life insurance, they also provide annuities.

Midland National’s life insurance comes in three main types: term, guaranteed universal life, and indexed universal life. Depending on your location and specific needs, you might find other products beyond what’s listed on their website. The best way to learn about your options is by speaking with a Midland National Life Insurance Company representative.

Midland National life insurance

Term Life Insurance

This type of insurance remains in effect for a set period and involves a consistent premium payment. Some policies may allow policyholders to convert to permanent life insurance before the term ends. Term life insurance is typically more affordable for younger individuals and families.

Permanent Life Insurance

Permanent insurance covers you for your entire life, as long as you keep up with premium payments. Midland National offers two types of permanent life insurance: guaranteed universal life and indexed universal life. They do not provide whole life insurance.

Universal Life Insurance

Their basic universal life insurance, called “guaranteed universal life,” ensures a death benefit as long as premiums are paid, but it may not be guaranteed-issue. This aspect is similar to most life insurance policies.

Indexed Universal Life Insurance

This type of policy invests the cash value in an index, like the S&P 500 or the Dow Jones Industrial Average. It’s a more complex form of life insurance, and it’s recommended to consult with a licensed agent if you’re interested in this option.

Midland National life insurance endorsements

Life insurance riders, often referred to as endorsements, are extra features that can enhance your coverage. While adding a rider usually means paying more for your life insurance, it might not be the best option if you’re looking for a very affordable policy. Nevertheless, riders can provide important safeguards that could outweigh the additional cost. Midland National offers several riders, including:

Accidental death benefit rider

This option, exclusively offered with Midland National’s universal life policies, provides an additional payout on top of the death benefit in the unfortunate event of your passing due to a qualifying accident.

Children’s term rider

You can add this choice to any of Midland National’s life insurance products, enabling you to acquire term life insurance for your child alongside the coverage you obtain for yourself.

Guaranteed insurability rider

For universal life policies, this feature allows you to raise the death benefit on an existing policy, but there is a limit to the increase, and you won’t need to undergo a health questionnaire or medical exam to qualify.

Waiver of charges for disability rider

Both universal and term life policies offer a variation of this rider, permitting you to cease premium payments if you experience a qualifying disability.

Midland National life insurance endorsements

Midland National offers extra features for their life insurance policies, often called “riders.” These can expand your coverage, but they usually come at an added cost. So, if your main goal is to find inexpensive life insurance, these may not be the best choice. However, these riders provide valuable protections that might justify the extra expense. Here are some of Midland National’s riders:

Midland National life insurance endorsements
  • Accidental Death Benefit Rider: This rider is available for Midland National’s universal life policies only. If you have this, it adds an extra payment to the death benefit if you pass away in a qualifying accident.
  • Children’s Term Rider: You can add this to any Midland National life insurance product. It allows you to purchase term life insurance for your child alongside your coverage.
  • Guaranteed Insurability Rider: This rider is for universal life policies. It lets you increase the death benefit on your existing policy (up to a certain limit) without needing to answer health questions or undergo a medical exam.
  • Waiver of Charges for Disability Rider: A version of this rider is available for both universal and term life policies. If you develop a qualifying disability, it allows you to stop paying your premiums.

How to file a claim with Midland National

If you have a life insurance policy with Midland National and want to guide your beneficiary on how to file a claim, you can make the process easier during an emotional time. Your beneficiary should:

  • Call 1-800-733-2524.
  • Fill out the claim form online.

To complete the claim, your beneficiary will usually need your policy number, date of death, your death certificate, and their contact details, including their name, phone number, and address.

Is Midland National a good insurance company?

We’ve examined Midland National from different angles in our life insurance review to help you decide if it’s the right choice for you. Our insurance experts, including a licensed life insurance agent, understand what’s crucial for life insurance shoppers, and our aim is to give you the information you need to make an informed decision.

Midland National can be a good insurance company, particularly if you’re interested in universal life insurance with a range of rider options. While they do offer term coverage, their policies are not exceptionally distinctive compared to other companies. Moreover, Midland National life insurance has a customer satisfaction rating below the average, as per J.D. Power. However, they also have a lower number of complaints registered with the NAIC. Given this mixed information, it may be useful to speak with current policyholders while you compare life insurance quotes and select a company.

Midland Life Insurance: FAQs

How safe is Midland National Life Insurance Company?

Midland National Life Insurance Company is considered safe as it is a well-established and financially stable insurance company. They have a strong reputation in the industry, and their policies are designed to provide financial security and peace of mind to policyholders.

Is Midland National a good company?

Whether Midland National is a good company for you depends on your specific needs and preferences. They offer various life insurance products, including term and universal life insurance, and have a range of rider options.

If their offerings align with your requirements, and you are comfortable with their customer service and digital offerings, they could be a good choice for you. It’s always a good idea to compare their offerings with those of other insurance companies to make an informed decision based on your individual circumstances.

Are there any additional features or riders available with Midland National’s life insurance policies?

Yes, Midland National provides optional riders such as accidental death benefit, children’s term rider, guaranteed insurability rider, and waiver of charges for disability rider.

In which states is Midland National Life Insurance Company licensed to provide coverage? 

Midland National offers coverage in 49 states, as well as in Washington, D.C., Puerto Rico, Guam, the Virgin Islands, and domestic and international military installations. However, they do not offer coverage in New York.

How can beneficiaries file a claim with Midland National for a life insurance policy? Beneficiaries can file a claim with Midland National by calling 1-800-733-2524 or by filling out the online claim form. They will need details such as the policy number, date of death, the policyholder’s death certificate, and their own contact information.


We created a detailed method for ranking over 90 insurance companies by considering what consumers value and essential aspects of these companies. We focused on five main areas: how financially secure they are, how satisfied customers are, the variety of products and features they offer, the overall experience of buying from them, and the cost.

To accomplish this, we gathered information from more than 5,000 sources and evaluated each company using 55 different measures. We grouped these measures into categories to see how companies did in each area, and then we gave more importance to some categories to determine the overall rankings.

Bottom Line

Midland Life Insurance Company could be a suitable option for individuals seeking term or universal life insurance and those who like to work with a local agent. However, the company’s online services may not be as comprehensive as some other insurers, and their range of products is somewhat restricted.

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