Midland National Life Insurance Review (2026)
Rated A+ (Superior) by AM Best,¹ Midland National Life Insurance has a policy lineup that includes term life and permanent options designed to support both straightforward protection needs and longer-term financial planning. Midland National is backed by the financial stability of parent company Sammons Financial Group. However, its term life rates are generally less competitive than other contemporary carriers.
Key Takeaways
Best for: Adults seeking indexed universal life insurance with flexible premium and cash-value growth potential tied to market indexes.
Standout feature: Robust indexed universal life portfolio with multiple crediting strategies and a living benefits feature that is not commonly available from competitors.
Products offered: Term life, universal life, indexed universal life insurance.
Financial strength: A+ (Superior) from AM Best.
How to access: Sold exclusively through independent agents and financial advisors; no direct online application.
About Midland National Life Insurance
Founded in 1906 as Dakota Mutual Life Insurance Company, Midland National has grown into a well-established life insurance provider in the US. The company adopted the Midland National name in 1925 and today operates as an employee-owned member of Sammons Financial Group.² It has offered life insurance products for over a century and operates independently from its parent with no publicly traded stock.
Beyond life insurance, Midland National offers fixed indexed annuities, which represent a significant share of its overall business. The company primarily distributes its policies through financial professionals instead of a fully direct online model, with product availability varying by state.
Midland National Life Insurance Review for 2026
In this Midland National life insurance review, we’ll examine the company’s financial strength, policy options, underwriting process, riders, and overall customer experience to help determine whether it’s the right fit for your life insurance needs.
Midland National Financial Strength and Ratings
Midland National maintains strong financial ratings across major independent rating agencies. These ratings are based on factors such as financial reserves, operating performance, investment strategy, and overall stability within the insurance market.
- AM Best: A+ (Superior)¹
- S&P Global: A+³
- Fitch Ratings: A+⁴
- BBB (Better Business Bureau): A+ (Accredited Business)⁵
Overall, Midland National is considered a financially dependable insurer with a solid claims-paying reputation and relatively few customer complaints compared to similarly sized carriers. Its A+ rating from the Better Business Bureau also indicates a strong track record for customer complaint handling and business transparency
Midland National Life Insurance Products
Midland National's product lineup centers on term and permanent coverage, with indexed universal life as its flagship offering. Here are the life insurance options that you can avail from Midland National:
Term Life Insurance
Midland National offers flexible term life insurance options designed for individuals seeking affordable temporary coverage with the ability to convert to permanent insurance later. Some of the key features include:⁶
- Available for applicants between ages 18 and 75
- Offers 10-year term, 15-year term, 20-year term, and 30-year term lengths
- Coverage amounts typically range from $100,000 to $5 million
- Conversion option available without additional medical underwriting
- Higher or lower coverage amounts may require speaking with an agent
- Policies are not available in New York
Universal Life Insurance
Midland National offers universal life insurance policies that combine lifelong coverage with flexible premium structures and potential cash value growth. Depending on the policy type and applicant age, minimum coverage amounts generally start at $50,000 or $100,000.
Indexed Universal Life (IUL)
IUL is Midland National’s core product that allow policyholders to build cash value based on the performance of a market index, such as the S&P 500, while protecting against direct market losses. Some of the key features may include:⁶
- Cash value growth linked to a market index
- Protection from direct stock market losses
- Comes with living benefits coverage in case of chronic, critical and terminal illness
- Available for applicants ages 15 days to 79 years
- Can be more expensive than term life policy due to growth-focused features and policy flexibility
Guaranteed Universal Life (GUL)
Guaranteed universal life insurance is designed for individuals who primarily want long-term death benefit protection with predictable coverage guarantees rather than significant cash value accumulation. These policies include no-lapse guarantees that help keep coverage active as long as required premiums are paid.⁶
Midland National Underwriting and Application Process
Midland National uses a primarily traditional underwriting model, with accelerated underwriting available for qualifying applicants at lower coverage amounts. All life insurance applications are submitted through an independent agent since there is no direct consumer application path.
Medical Exam Requirements
Midland National offers both accelerated and traditional underwriting, with medical exam requirements depending on the applicant’s health profile, coverage amount, and policy type.
- Accelerated Underwriting: Eligible applicants may qualify for coverage without a medical exam through prescription history checks and predictive risk analysis
- Traditional Underwriting: Some applicants may need to complete a medical exam, detailed health questionnaire, and medical records review. Traditional underwriting can also include blood and urine testing, along with details about current medications and health history.
How to Apply for Midland National Life Insurance?
Applying for Midland National life insurance typically involves working with a licensed financial professional, as the company does not offer a fully direct online application process. Here’s how you can apply:
- Find a licensed agent: Connect with a Midland National financial professional or independent agent to start the application process by finding the right policy type for your needs.
- Request a quote: Obtain a quote based on your preferred policy type, coverage amount, and personal profile. Quotes for coverage between $100,000 to $5 million can be available online but any coverage above or beyond that requires agent assistance.
- Submit an application: Complete the application electronically or through a paper form, depending on eligibility requirements.
- Complete underwriting requirements: Provide medical and financial information, and complete a medical exam if required.
- Review your policy: Once approved, carefully review your policy details, riders, and beneficiary information before coverage begins.
Midland National Life Insurance Customer Experience
Midland National operates through an agent-centric service model. Day-to-day policy management, premium payments, and general service inquiries are handled primarily through the company's customer service team and online portal, with the agent serving as the primary relationship contact.
Customer Service and Contact Options
- Phone: 800-923-3223 (available Monday through Thursday, 7:30 a.m. to 5:00 p.m. CT and 7:30 AM - 12:30 PM on Friday).⁷
- Online portal: Available at midlandnational.com for policy management, premium payments, and document access.
- Mailing address: Midland National Life Insurance Company, One Sammons Plaza, Sioux Falls, SD 57193.⁷
- Agent contact: Independent agents remain the primary point of contact and their detailed information is available at the website.
Midland National Life Insurance Claims Process
Beneficiaries can file a death claim by contacting Midland National's claims department by phone or by downloading claim forms from the company website. Here’s a step-by-step guide on filing the claim:
- Initiate the claim by contacting Midland National’s claims department or accessing the claim forms through the company website.
- Gather the necessary documents, including a certified death certificate showing the cause and manner of death, along with any additional paperwork required for trusts, estates, or power of attorney claims.
- Carefully review and sign all forms, as Midland National requires physical signatures and does not accept electronic signatures.
- Choose a payout method, such as direct deposit or check, and include any required banking documents for payments.
- Submit the completed claim form and all supporting documents to Midland National for processing.
Mobile App and Online Access
Midland National offers a policyholder portal at midlandnational.com for account access, premium payments, and policy documents. A policyholder-facing mobile app called Midland Life is available, offering access to policy details, loan and withdrawal information, death benefit amounts, and tax documents. A separate agent-facing app, Midland+, is available on the App Store for agents managing annuity sales and client accounts
Midland National Life Insurance Pros and Cons
Midland National is a financially strong carrier with an expertise in indexed universal life (IUL) coverage. However, there may be limitations in terms of online experience or availability across all states.
Pros of Midland National Life Insurance
- Holds an A+ (Superior) rating from AM Best and is backed by Sammons Financial Group, one of the largest privately held financial organizations in the U.S.
- Offers a strong indexed universal life (IUL) portfolio with multiple crediting strategies and a 0% floor that protects against direct market losses.
- Term life insurance policies include a conversion option, allowing policyholders to switch to permanent coverage without additional medical underwriting.
- Provides high coverage limits of up to $5 million or more, making it suitable for larger income protection and estate planning needs.
- Living benefit riders may allow eligible policyholders to access part of the death benefit during their lifetime for qualifying chronic or terminal illnesses.
Cons of Midland National Life Insurance
- Does not offer a fully online purchase experience, as policies must be purchased through an independent agent or financial professional
- Life insurance products are not available directly in New York, where consumers are referred to an affiliated company with potentially different offerings
- Does not currently offer traditional whole life insurance policies, which may be a drawback for buyers seeking guaranteed cash value growth and fixed lifelong coverage
Ethos vs. Midland National Life Insurance
Ethos and Midland National serve different segments of the life insurance market. Ethos is built around a fast, digital-first experience for shoppers seeking simple term and whole life coverage, while Midland National focuses more heavily on permanent life insurance solutions and advisor-guided financial planning.
- Application process: Ethos offers a fully online application experience with instant quotes and same-day coverage for many eligible applicants, whereas Midland National requires buyers to work through an independent agent from application to policy approval.
- Underwriting experience: Ethos uses streamlined underwriting that eliminates medical exams for many applicants, while Midland National follows a more traditional underwriting approach that may require exams and longer processing times for certain policies.
- Best for: Ethos is generally a stronger option for consumers prioritizing a fully-digital life insurance experience without requiring a medical exam, while Midland National may appeal more to buyers interested in indexed universal life insurance, and long-term estate planning strategies.
More Life Insurance Reviews
FAQs on Midland National Life Insurance
Midland National life insurance generally works well for consumers seeking permanent life insurance solutions, particularly indexed universal life (IUL) coverage with cash value growth potential and living benefits riders. It may also appeal to buyers who prefer working with a financial advisor for long-term estate planning or retirement-focused insurance strategies.
Midland National offers term life insurance, indexed universal life (IUL), and guaranteed universal life (GUL) policies. Its product lineup focuses heavily on permanent life insurance solutions that combine lifelong coverage with features such as cash value accumulation, flexible premiums, and optional living benefits riders.
Midland National sells life insurance through licensed independent agents and financial professionals rather than a fully online platform. Applicants typically work with an advisor to compare policies, complete the application process, submit underwriting requirements, and finalize coverage based on their financial needs and eligibility.
To file a Midland National life insurance claim, beneficiaries must complete a claimant statement form and submit it along with a certified death certificate and any additional required documents. Once the paperwork is reviewed and approved, the company processes the selected payout method.
Midland National offers several optional riders depending on the policy type, including chronic illness riders, overloan protection riders, accelerated death benefit features, and other living benefits options. Rider availability can vary based on the policy, applicant profile, and state regulations.
Midland National life insurance products are available in most U.S. states, but coverage is not directly offered in New York. Residents of New York are typically referred to an affiliated insurer that may provide different policy options and product availability.
Author
Chief Underwriter
Expert review
Chief Compliance & Privacy Officer
June 16, 2026
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