December 28, 2014 11:39 PM ET

Insurance

Company Overview of Midland National Life Insurance Company

Company Overview

Midland National Life Insurance Company provides various life insurance products and services. The company offers term, universal, whole, and variable universal life insurance, and annuities. It also provides personal financial planning services in the areas of life insurance, retirement planning, and financial calculators. The company was formerly known as Dakota Mutual Life Insurance Company and changed its name to Midland National Life Insurance Company in 1925. The company was founded in 1906 and is based in Sioux Falls, South Dakota. It has additional locations in the United States, the District of Columbia, Puerto Rico, Guam, the Virgin Islands, and the island of Anguilla. Midland Nati...

One Sammons Plaza

Sioux Falls, SD 57193

United States

Founded in 1906

Phone:

605-335-5700

Fax:

605-335-3621

Key Executives for Midland National Life Insurance Company

Chairman and Chief Executive Officer
President and Chief Operating Officer
Chief Compliance Officer
Chief Distribution Officer and Vice President
Vice President of Policy Administration
Compensation as of Fiscal Year 2014.

Midland National Life Insurance Company Key Developments

State Announces Multi-Million Dollar Settlement with Midland National Life Insurance Company and North American Company for Life and Health Insurance

Illinois Department of Insurance (DOI) Director Andrew Boron announced an agreement with Midland National Life Insurance Company and North American Company for Life and Health Insurance as part of a multi-million dollar settlement with several states regarding its use of the Social Security Administration's Death Master File (DMF). Under the settlement, the companies will pay $3.3 million dollars to states that are a party to the settlement. DOI served as the principal lead in this investigation, with support of insurance regulators from Florida, California, New Hampshire, Iowa, North Dakota, and Pennsylvania. Under the agreement, the companies will implement business reforms to promote a timely and efficient search for the beneficiaries of both its in-force life insurance policies and annuities using the DMF.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
February 5, 2014
Parkland Securities, LLC
 

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