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  • Written By
    Jennifer Schell

    Jennifer Schell

    Financial Writer

    Jennifer Schell is a professional writer focused on demystifying annuities and other financial topics including banking, financial advising and insurance. She is proud to be a member of the National Association for Fixed Annuities (NAFA) as well as the National Association of Insurance and Financial Advisors (NAIFA).

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  • Edited By Michael Santiago
  • Financially Reviewed By
    Thomas J. Brock, CFA®, CPA
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    Thomas J. Brock, CFA®, CPA

    Investment, Corporate Finance and Accounting Expert

    Thomas Brock, CFA®, CPA, is a financial professional with over 20 years of experience in investments, corporate finance and accounting. He currently oversees the investment operation for a $4 billion super-regional insurance carrier.

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  • Updated: July 6, 2023
  • 4 min read time
  • This page features 4 Cited Research Articles
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How to Cite's Article

APA Schell, J. (2023, July 6). Midland National Annuities. Retrieved June 22, 2024, from

MLA Schell, Jennifer. "Midland National Annuities.", 6 Jul 2023,

Chicago Schell, Jennifer. "Midland National Annuities." Last modified July 6, 2023.

Why Trust
Why You Can Trust has provided reliable, accurate financial information to consumers since 2013. We adhere to ethical journalism practices, including presenting honest, unbiased information that follows Associated Press style guidelines and reporting facts from reliable, attributed sources. Our objective is to deliver the most comprehensive explanation of annuities and financial literacy topics using plain, straightforward language.

Our Partnerships, Vision and Goals

We pride ourselves on partnering with professionals like those from Senior Market Sales (SMS) — a market leader with over 30 years of experience in the insurance industry — who offer personalized retirement solutions for consumers across the country. Our relationships with partners including SMS and Insuractive, the company’s consumer-facing branch, allow us to facilitate the sale of annuities and other retirement-oriented financial products to consumers who are looking to purchase safe and reliable solutions to fill gaps in their retirement income. We are compensated when we produce legitimate inquiries, and that compensation helps make an even stronger resource for our audience. We may also, at times, sell lead data to partners in our network in order to best connect consumers to the information they request. Readers are in no way obligated to use our partners’ services to access the free resources on carefully selects partners who share a common goal of educating consumers and helping them select the most appropriate product for their unique financial and lifestyle goals. Our network of advisors will never recommend products that are not right for the consumer, nor will Additionally, operates independently of its partners and has complete editorial control over the information we publish.

Our vision is to provide users with the highest quality information possible about their financial options and empower them to make informed decisions based on their unique needs.

Key Takeaways

  • Midland National is a privately held insurance company offering fixed annuities.
  • The company consistently receives high ratings from third-party rating agencies like S&P, AM Best and Fitch. 
  • They have several fixed annuity offerings, including fixed-indexed annuities, multi-year guarantee annuities and single premium immediate annuities.
  • Most of their annuities come with an annual penalty-free withdrawal amount, so you can maintain access to some of your funds.

About Midland National

Midland National is a life insurance company headquartered in the American Midwest. As, part of the Sammons Financial Group, Midland National sells life insurance and annuities under its own branding. Originally founded as Dakota Mutual Life Insurance Company in 1906, the company became the Midland National Life Insurance Company in 1925. 

Midland National has an employee stock ownership plan for its 1,500 engaged employees, who routinely connect with and support their local communities. In 2022 alone, Sammon Financial and Midland National employees provided more than 10,400 hours of volunteer community service. 

Working with another 60,000 distribution agents and partners, Midland National has provided life insurance and annuities to more than one million customers over its 117 years of existence. The company consistently receives high ratings for the value of its insurance and annuity offerings and the benefits of its workplace culture. 

Contact Info

Existing Midland National annuity customers can access their account information by calling Midland National’s customer service line at 877-586-0244, Monday to Thursday between 7:30 a.m. and 5 p.m. or Friday between 7:30 a.m. and 12:30 p.m. CST. 

Annuity rates on a phone

Purchase an Annuity Today

Learn how an investment today can provide guaranteed income for life.

Credit Ratings

To promote transparency and protect consumers, credit rating companies examine and publish the financial strength of insurance companies. These credit rating companies outline the financial performance and solvency of insurance companies so consumers can make informed decisions when buying annuities and life insurance. Midland National consistently receives top ratings from major credit rating companies. 

Each credit rating company uses its own metrics to evaluate performance. It’s wise to check more than one rating when researching an insurance company, to get a broader sense of their overall performance. 

Midland National Credit Ratings

Credit Agency Rating
A.M. Best A+
Fitch A+
Standard & Poor’s A+

Credit rating company scores and reports are a good start when evaluating an annuity provider, but it’s only the first step. Consult with a trusted financial advisor whenever you want to make a major investment decision. Together, you can explore which investment vehicles might be best for your particular needs.

Annuities Products Offered by Midland National

Midland National offers several different kinds of fixed annuities.

Fixed Index Annuities (FIAs)
As the most popular type of fixed annuity at Midland, the FIA helps you grow your savings while minimizing risk. This product fits a variety of customer needs with its flexibility.
Multi-Year Guarantee Annuities (MYGAs)
Midland Nationals’ multi-year guarantee annuity pays a guaranteed interest rate for the selected time period (often three, five or seven years).
Single Premium Immediate Annuities (SPIAs)
Single premium immediate annuities pay out to you right away.

Source: Midland National

Midland National also offers several riders you can choose to add to your annuity contract. Depending on your needs you might choose an income rider that gives you a guaranteed lifetime withdrawal benefit separate from your accumulation value, or a death benefit rider which allows you to build a legacy to leave to your beneficiaries. 

Most Midland National annuities also come with an annual penalty-free withdrawal amount, so you can maintain access to your money. Although most of their basic annuity contracts have no annual fees, there are percentage fees associated with several of their riders – the exact amount of which will vary depending on the specific riders you choose.

Client Resources

Midland National prides itself on helping people plan for a comfortable retirement. Their website contains a robust section of educational resources on topics like annuities, debt management, estate planning and more. They also provide a calculator to help you assess your comfort with risk. In addition, the buyer’s guide and prospectus for each Midland National annuity are publicly available on their website. 

If you are a Midland National customer, you can log in online to see or make changes to your policy. Their claim forms are available on their website and can be uploaded to your account. If you do not have a financial advisor of your own, Midland National can connect you with an independent financial professional who can help you assess your needs for a retirement plan.

About has provided reliable, accurate and trustworthy financial information to readers since 2013. We partner with professionals like those from Senior Market Sales (SMS), a market leader with over 30 years of experience in the insurance industry, to offer personalized retirement solutions for consumers across the country.

Any information offered about the company above is provided free of charge and individual product offerings are verified and accurate as of publication.

Our partners work with the provider companies mentioned on our site. However, is not a service provider. Actual products, terms and rates offered through the above company are subject to in-state availability and a variety of other factors. Visit the Our Partners page for additional information.

Editor Malori Malone contributed to this article.

Please seek the advice of a qualified professional before making financial decisions.
Last Modified: July 6, 2023

4 Cited Research Articles writers adhere to strict sourcing guidelines and use only credible sources of information, including authoritative financial publications, academic organizations, peer-reviewed journals, highly regarded nonprofit organizations, government reports, court records and interviews with qualified experts. You can read more about our commitment to accuracy, fairness and transparency in our editorial guidelines.

  1. Standard & Poor’s. (2023, June 6). Midland National Life Insurance Co. Credit Rating. Retrieved from
  2. Sammons Financial. (2023, January 25). Sammons Financial Group Announces Record Volunteerism in 2022. Retrieved from
  3. Fitch Ratings. (2022, December 7). Fitch Affirms Sammons Financial Group’s Ratings; Outlook Stable. Retrieved from
  4. A.M. Best. (2022, July 29). Midland National Life Insurance Company. Retrieved from