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Friday, July 04, 2008 History
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A company's history can be a major indicator of its strength and stability in years to come:
  • Midland National was founded in 1906 as Dakota Mutual Life Insurance Company.
  • It reorganized to a stock company in 1909, changing its name to Midland National Life Insurance Company in 1925.
  • In 1970, the company recorded its first billion dollars of life insurance in force.
  • In 1999, the company expanded its operations to include two main locations - the Executive Office, based in Sioux Falls, South Dakota, and the Principal Office, based in Des Moines, Iowa.
  • Since its beginnings in 1906, Midland National has survived two World Wars, the Great Depression, and numerous turns in the economy.
  • Today, it is one of the leading life insurance companies in the country.
  • Midland National is a member of the Sammons Financial Group, which is a group of financial companies that share resources and services for optimal efficiency and growth.
  • The Sammons Financial Group is privately held and will ultimately become fully employee-owned. As a result, you gain enhanced service from employee-shareholders who think and act like owners. You also get the stability of a company that is not publicly traded or as susceptible to market fluctuations.
  • The Sammons Financial Group has in excess of $211 billion of life insurance in force on nearly 1.2 million policies.
  • Midland National itself has in excess of $72 billion of life insurance in force and 759,000 Life and Annuity policies.
  • Through its own quality life insurance and annuity products, as well as the relationships established through its membership in the Sammons Financial Group, Midland National offers a comprehensive financial platform to help all your financial needs.
  • When you purchase life insurance protection from Midland National, you are purchasing valuable protection from a sound and stable company.
Copyright © 1998-2008 Midland National Life Insurance Company, Sioux Falls, SD. All rights reserved.
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