Overview
Midland National Life Insurance Company is a privately held life insurance and annuity carrier founded in 1906 as Dakota Mutual Life Insurance Company, renamed Midland National in 1925. Headquartered in Sioux Falls, South Dakota, and operating as a member of Sammons Financial Group, the company has maintained an AM Best A+ (Superior) rating since 1980. Midland National serves over one million policyholders with term, permanent, and indexed universal life (IUL) insurance as well as fixed and variable annuities. The company distributes through a national network of approximately 60,000 agents and agencies and has paid over USD 747 million in life insurance claims.
At a Glance
- Founded
- 1906
- Headquarters
- Sioux Falls, South Dakota
- Employees
- 1,500+
Category & Focus
- Insurance Verticals
- Individual Life Retirement Income
Customers
- Individual policyholders (1 million+ policies in force)
- Distribution through approximately 60,000 independent agents and agencies across the US
Links
Last updated: 2026-05-17