 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.
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