New Indexed Universal Life policy enhances financial protection and wealth-building potential

Midland National® Life Insurance Company and North American Company for Life and Health Insurance®, member companies of Sammons® Financial Group, Inc., are proud to unveil their enhanced Indexed Universal Life (IUL) products. Midland National announces Strategic Accumulator® IUL 3, and North American announces Builder Plus IUL® 4. These highly competitive, next generation products build upon the design of the companies’ flagship IUL products by providing strong death benefit protection and robust long-term cash value accumulation potential. These IULs can help policyowners plan for their futures while minimizing the impact of market volatility and taxes.

“We are dedicated to providing life insurance products that meet the evolving needs of our clients,” said Jerry Blair, President of Sammons Life Insurance Group. “Strategic Accumulator IUL 3 and Builder Plus IUL 4 are designed to perform exceptionally well over time, making it a standout option in a competitive market.”

The products are engineered to offer strong cash values, particularly in later durations, enhancing its appeal for clients seeking reliable ways to help supplement retirement income. With features like a unique¹ protected death benefit, these products stand out in the market.

“The protected death benefit is a differentiator that no other company offers, offering unparalleled security for our policyowners,” Blair added.

One of the key highlights of Strategic Accumulator IUL 3 and Builder Plus IUL 4 is the variety of loan options available to policyowners. Clients can choose from standard loans, variable interest participating loans, and fixed interest participating loans², which helps provide flexible financial tools to manage their policies effectively.

The IULs also offer improved product features like increased premium load and duration, and a reduced percent of account value charge per month to encourage cash value growth. Plus, a current floor rate above 0% for funds allocated to the S&P 500® provides another index selection that can achieve positive credits even during down years.

“With the introduction of Strategic Accumulator IUL 3 and Builder Plus IUL 4, we reaffirm our commitment to innovation and client satisfaction,” said Blair. “These products will help our clients achieve their financial goals, offering robust protection and growth potential in one comprehensive package.”

In addition to enhancing these IULs, Midland National and North American remain committed to modernizing its operational platforms to find ways to make doing business with the companies easier than ever before.

“We recognize the importance to deliver outstanding products and a seamless experience to our clients and agents,” said Blair. “We are investing in processes and technology upgrades that enhance the overall customer experience.”

About Midland National Life Insurance Company

For more than 115 years, Midland National® Life Insurance Company has been a financial services industry leader, crediting the company’s strength to its commitment to stability, innovation, and dedicated customer service. Midland National is a member of Sammons® Financial Group, a subsidiary of Sammons Enterprises, Inc.

About North American Company for Life and Health Insurance

North American Company for Life and Health Insurance^® is a member of Sammons^® Financial Group, Inc. They offer a comprehensive portfolio of term, universal life, and indexed universal life insurance products, as well as a wide variety of traditional fixed and fixed index annuities. Learn more about North American.

About Sammons® Financial Group, Inc.

The companies of Sammons Financial Group® help families and businesses by empowering futures and changing lives. Sammons Financial Group is employee owned with member companies that are among the most enduring and stable in the financial services industry. Our companies include Midland National^® Life Insurance Company (including Sammons® Corporate Markets); North American Company for Life and Health Insurance^®; Sammons Institutional Group® (including Midland Retirement Distributors® and Sammons Retirement Solutions^®) and Beacon Capital Management, Inc. Committed to our communities, Sammons Financial Group is Midwest-based, with offices in Iowa, Illinois, North Dakota, Ohio, and South Dakota.

1. To the best of our knowledge, this feature is not available for products outside of Sammons Financial Group Companies.
2. The net cost of a Variable Interest Participating and Fixed Interest Participating Policy Loan could be negative if the credits earned are less than the interest charged. The net cost of the loan could also be larger than under standard policy loans if the amount credited is less than the interest charged. In the extreme example, the amount credited could be zero and the net cost of the loan would equal the maximum interest rate charged less any guaranteed bonus. In brief, variable interest and fixed interest rate loans have more uncertainty than standard policy loans in the interest rate credited.

Indexed universal life products are not an investment in the “market” or in the applicable index and are subject to all policy fees and charges normally associated with most universal life insurance.

HE S&P 500® COMPOSITE STOCK PRICE INDEX - S&P 500® Index

THE S&P 400® COMPOSITE STOCK PRICE INDEX - S&P MidCap 400® Index

These Indices do not include dividends paid by the underlying companies.

The S&P MidCap 400® and the S&P 500® (“the Indices”) are products of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”) and have been licensed for use by Midland National Life Insurance Company and North American Company for Life and Health Insurance (“the Company”). S&P®, S&P 500®, US 500, The 500, iBoxx®, iTraxx® and CDX® are trademarks of S&P Global, Inc. or its affiliates (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). The Company’s Product(s) is(are) not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, or their respective affiliates and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the Indices.

Strategic Accumulator® IUL 3 is issued on form P100/ICC22P100/P100CA (policy), E100/ICC22E100, E101/ICC22E101, E103/ICC22E103, E104/ICC22E104, E105/ICC22E105, E109/ICC22E109/TR197, E110/ICC22E110/TR20904, E111/ICC22E111/TR20804, E113/ICC24E113, E114/ICC24E114, R100/ICC23R100, R101/ICC23R101, R102/ICC23R102, R103/ICC22R103 and R106/ICC23R106 (riders/endorsements) or appropriate state variation by Midland National® Life Insurance Company, West Des Moines, IA. Products, features, endorsements, riders or issue ages may not be available in all states. Limitations or restrictions may apply.

Builder Plus IUL®4 is issued on form P100/ICC22P100/P100CA (policy), E100/ICC22E100, E101/ICC22E101, E103/ICC22E103, E104/ICC22E104, E105/ICC22E105, E109/ICC22E109, LR498, E110/ICC22E110/LR50704, E111/ICC22E111/LR50604, E113/ICC24E113, E114/ICC24E114, R100/ICC23R100, R101/ICC23R101 ,R102/ICC23R102, and R103/ICC22R103 and R106/ICC23R106 (riders/endorsements) or appropriate state variation by North American Company for Life and Health Insurance®, West Des Moines, IA. Products, features, endorsements, riders or issue ages may not be available in all states. Limitations or restrictions may apply.

Sammons Financial® is the marketing name for Sammons® Financial Group, Inc.’s member companies, including Midland National® Life Insurance Company. Annuities and life insurance are issued by, and product guarantees are solely the responsibility of, Midland National Life Insurance Company.

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