National Life - Life Insurance
National Life - A History of Success
company's history can be a major indicator of its strength
and stability in years to come:
many in the industry, Midland National Life was founded
in 1906 as Dakota Mutual Life Insurance Company, changing
its name to Midland National Life in 1925.
1970, the Company recorded its first billion dollars of
life insurance in force.
Midland is licensed to operate in 49 states (New York
is the only exception), the District of Columbia, and
several areas beyond the United States.
the company has in excess of $61 billion of life insurance
in force on over 675,000 policies.
National Life is owned by Sammons Enterprises, Inc. of
Dallas, Texas, one of the largest privately owned companies
Company ranks in the top two percent of all life insurance
companies rated by Weiss Ratings for financial strength,
and Midland National Life products have consistently earned
high rankings in the industry.
Life - Term Life
life insurance policies are policies that provide affordable,
temporary coverage. Term policies contain no cash value, are
designed for pure protection, and are particularly suitable...
protection against outstanding loans and debts for which
family members or others may be responsible;
families who feel they cannot currently afford a permanent
policy but who need to protect their children from financial
hardship due to the potential loss of a parent.
a means of protecting against mortgage obligations
guard against uninsurability in the future: If you buy
term insurance now, you can continue this coverage even
if you become uninsurable.
provide coverage on other family members
protect key people of a business in its formative years
purchase time _ time to increase your earnings so that
the coverage can be converted to a permanent cash value
life insurance policy without evidence of insurability
addition to providing necessary coverage at an affordable
rate, Term life insurance protects your insurability. By buying
a convertible Term policy now, you can convert your policy
to a permanent life insurance policy without providing evidence
of insurability _ even if your health tomorrow is not as good
as it is today.
Midland National Life - Universal Life
Life is a flexible premium, adjustable life insurance product
that provides you with the flexibility of choosing the policy
features that are appropriate for you and of adjusting those
features as your financial priorities and needs change.
you are in the formative years of raising a family, for
example, you can increase your policy's death benefit
for extra needed protection.
a child reaches the age of higher education, you can borrow
or withdraw from the cash value of the policy to help
you pay college expenses. *
your family obligations are reduced, you can decrease
your death benefit or increase your premiums up to specified
maximums to build a cash value that can help you enjoy
a retirement with dignity.
of its flexibility and choice, Universal Life could be the
only choice you'll ever need for life insurance.
Midland National Life - Whole Life
Life is the traditional form of permanent life insurance.
certainty of level premiums;
guaranteed interest rate; and
guaranteed death benefit.
ideal product for the young and the old, Whole Life provides
the extra security of guaranteed protection at affordable
rates, yet it maintains the element of cash value accumulation
for pre- and post-retirement needs.
forms of Whole Life insurance enable policyowners to benefit
from favorable experience and a strong economy by crediting
excess interest to the policy. These "interest-sensitive"
Whole Life policies are popular with individuals who value
strong underlying guarantees but don't want to miss out on
the opportunity for increased cash-value performance.
all forms of permanent life insurance, Whole Life may be converted
into retirement income. When you reach retirement, you can
use loans and withdrawals from the policy's cash value to
purchase an annuity that can provide additional funds for
your retirement needs. *
Midland National Life - Variable Life
Universal Life is a flexible premium, adjustable life insurance
policy. You can adjust the level of coverage; you can set
the amount and timing of your premium payments; and you can
use the cash value of the policy to meet other financial needs
- including funding a college education and building additional
In addition to offering you this flexibility, however, Variable
Universal Life allows you to invest in stocks, bonds and money
market instruments by choosing from among a number of Separate
Account investment portfolios.
not the insurance company, decide how you want your premiums
can reduce risk by spreading your money among a number
of Separate Account investment portfolios; and
can choose the investment options that most closely match
your tolerance for risk and your financial goals.
providing you with investment flexibility and the potential
for growth, Variable Universal Life can offer you a powerful
opportunity to invest in your life.
South Dakota 57193-0001