Midland National Life Insurance Review

Midland National Life Insurance’s monthly premium costs are based on a variety of factors, including your age, gender, health, where you live, and the type of insurance you have.

How to get a quote from Midland National life insurance

Midland National Life Insurance Review - Midland National Insurance Logo

A policy can’t be started online. The first thing you should do is contact a real estate agent who can assist you. What you need to do is as follows:

  1. For more information about Midland National’s life insurance, visit their website by clicking on the link provided above.
  2. According to the landing page’s question: What are your nighttime worries?
  3. You have four options for answering the question: Life insurance gap, serious sickness risk, retirement gap and opportunity risk.
  4. This is where Midland National recommends several types of coverage. Scroll down to the bottom of the page and click on Find a financial expert to find the one you’re looking for.

What happens next?

You’ll be asked to provide personal information such as your name, address, and e-mail address to Midland National. After that, you’ll be paired with a broker who can help you purchase a policy.

What types of life insurance coverage does Midland National offer?

Life insurance policies offered by Midland National range widely and include the following:

  • Term. Coverage that begins and ends on a specific date. In the event of your death before the insurance expires, a specified benefit sum is paid out. It’s the most cost-effective choice, and you have complete control over how much your recipients receive.
  • Universal life. Protection is available for as long as you own the policy, and the money you pay in premiums earns interest at a predetermined, fixed rate over time.
  • Guaranteed universal life. Premiums that remain constant throughout time, as well as a benefit amount that is certain to last. Paying in monthly installments is more expensive in the long run since interest is not earned on the money put toward premiums.
  • Indexed universal life. If you have a long-term cash value, it’s tied to the stock market index and can rise over time. Additionally, you have the option to make withdrawals along the road to assist with funding daily costs. It’s important to keep in mind that this kind of insurance comes at a significant cost.

What riders can I add to my policy?

If you’re diagnosed with a terminal disease while you’re still living, Midland National provides an expedited death benefit rider that lets you access some of the death benefit while you’re still alive.

Midland National life insurance reviews and complaints

Since 2017, it’s been recognized by the Better Business Bureau, which gives it an A+ rating. Although the company has received just five negative customer reviews with an average rating of only three stars, Midland National has reacted to each one, providing support and solutions when necessary.

The company came in 15th place for total customer satisfaction in the 2018 J.D. Power U.S. Life Insurance Study, behind industry giants like State Farm and Prudential. The company’s service was also characterized as “the rest” by J.D. Power, giving it the lowest possible grade.

Even yet, according to the National Association of Insurance Commissioners, Midland National has a complaint ratio of 0.29. It has less complaints in general when compared to the country’s median of one.

You may check out our review of Gerber Life Insurance Review.

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Levi Jorgensen
Levi Jorgensen is a life-long explorer. When he's not writing about life insurance, he works as an appraiser of antiques. He's based in Columbus, Ohio with his wife and 2 children.
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