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Midland National Insurance: 7,000+ Policyholders Benefit from Expanded Coverage

Midland National Life Insurance Company, a leading provider of life insurance and annuities, recently announced an expansion of coverage for its Midland National Advantage policyholders. This expansion will provide additional benefits and protection to over 7,000 policyholders, including:

  • Increased death benefit amounts
  • Enhanced living benefits riders
  • Access to a network of financial professionals

Key Benefits of Midland National Advantage

Midland National Advantage is a whole life insurance policy that offers a number of benefits, including:

  • Guaranteed death benefit
  • Cash value accumulation
  • Tax-deferred growth
  • Living benefits riders

The recent expansion of coverage includes:

midland national insurance

  • Increased death benefit amounts: Policyholders can now choose death benefit amounts up to $5 million, an increase from the previous maximum of $2 million.
  • Enhanced living benefits riders: Policyholders can now add riders that provide benefits for critical illness, chronic illness, and long-term care.
  • Access to a network of financial professionals: Policyholders now have access to a network of financial professionals who can help them manage their finances and plan for the future.

Midland National: A Trusted Name in Insurance

Midland National Life Insurance Company has been providing life insurance and annuities for over a century. The company is financially strong and has a long history of paying claims quickly and efficiently.

Midland National is committed to providing its policyholders with the best possible coverage and service. The recent expansion of coverage for Midland National Advantage policyholders is just one example of the company's dedication to its customers.

Table 1: Midland National Advantage Expanded Coverage

Feature Previous Coverage Expanded Coverage
Death benefit Up to $2 million Up to $5 million
Living benefits riders Basic riders Enhanced riders
Access to financial professionals Not available Available

Table 2: Midland National's Financial Strength

Rating Agency Rating
AM Best A+ (Superior)
Moody's Aa3 (Excellent)
Standard & Poor's AA- (Very Strong)

Table 3: Benefits of Whole Life Insurance

Benefit Description
Guaranteed death benefit Provides a financial safety net for your loved ones.
Cash value accumulation Allows you to save money for the future on a tax-deferred basis.
Tax-deferred growth Helps your money grow faster by deferring taxes on the growth of your cash value.
Living benefits riders Provides additional benefits if you experience a covered event, such as a critical illness or chronic illness.

Table 4: Strategies for Using Whole Life Insurance

Strategy Description
Retirement planning: Use whole life insurance to supplement your retirement savings.
Estate planning: Use whole life insurance to provide a death benefit to your beneficiaries and help reduce estate taxes.
Education funding: Use whole life insurance to help pay for your children's education.
Business succession planning: Use whole life insurance to provide liquidity for your business in the event of your death.

How to Apply for Midland National Advantage

To apply for Midland National Advantage, you can:

  1. Visit the Midland National website at www.midlandnational.com.
  2. Call Midland National at 1-800-669-7724.
  3. Contact a local financial professional.

Conclusion

Midland National Advantage is a whole life insurance policy that offers a number of benefits, including a guaranteed death benefit, cash value accumulation, and tax-deferred growth. The recent expansion of coverage provides policyholders with additional benefits and protection.

Midland National Insurance: 7,000+ Policyholders Benefit from Expanded Coverage

Midland National is a trusted name in insurance with a long history of paying claims quickly and efficiently. If you are looking for a whole life insurance policy that provides you with the best possible coverage and service, Midland National Advantage is a great option.

Time:2024-12-23 16:02:14 UTC

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