Life Insurance
Midland National offers several different types of life insurance. Life insurance comes in a variety of forms to meet your financial goals and objectives. Find out what type of life insurance is right for you by visiting www.mnlife.com
Term Life Insurance
Term life insurance policies are policies that provide affordable, temporary coverage. Term policies contain no cash value, are designed for pure protection, and can provide necessary coverage at an affordable rate.
Whole Life Insurance
Whole Life is the traditional form of permanent life insurance. Whole Life provides the extra security of guaranteed protection at affordable rates, yet it maintains the element of cash value accumulation for pre- and post-retirement needs. It provides:
- the certainty of level premiums;
- a guaranteed interest rate;
- a guaranteed death benefit.
Universal Life Insurance
Universal Life is a flexible premium, adjustable, whole life insurance product that provides clients the flexibility of choosing the policy features, such as death benefit and premium, that are appropriate and the option to adjust those features in the future as financial priorities and needs change. Because of its flexibility and choice, Universal Life could be the only choice you'll ever need for life insurance.
Indexed Universal Life
Like all universal life insurance, Indexed Universal Life allows you to choose the policy features that are most appropriate for you and to adjust those features as your financial priorities and needs change. Unlike other interest-earning life insurance policies, however, Indexed Universal Life offers the opportunity for interest linked to a stock market index - without risk of investing directly in the market.
Variable Universal Life
Variable Universal Life is a flexible premium, adjustable life insurance policy. You can adjust the level of coverage; you can set the amount and timing of premium payments; and you can use the cash value of the policy to meet other financial needs. In addition to offering you this flexibility, Variable Universal Life allows you to invest in a number of Separate Account investment portfolios.
Please consider the fund's investment objectives, risks, charges, and expenses carefully before investing. No variable product offers any guaranteed rate of return. All Separate Account investment portfolios are subject to market risk. The product prospectus and the fund prospectuses contain this and other information about Midland National's variable products and the funds. To obtain current product and fund prospectuses, you can call or write to Midland National Life Insurance Company, Executive Office, One Sammons Plaza, Sioux Falls, SD, 57193-0001, (605)335-5700. Please read the prospectus carefully before you invest or send any money.
The broker/dealer for Midland National's variable products is Sammons Securities Co.®, member FINRA/SIPC. Sammons Securities Co.® is a registered broker/dealer under the Securities Exchange Act of 1934. Sammons Securities Co.® is an indirect wholly owned subsidiary of Sammons Enterprises, Inc., of Dallas, Texas, the ultimate parent company of Midland National.
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