Midland National offers quick approval for qualified applicants, but they'll have to work with one of its agents to buy a policy.
Rating Breakdown
Financial strength rating
Exceptional
Online purchase
No
NAIC complaints
Fewer than expected
Policies offered
Term & permanent
A good fit for people who are looking for term or IUL and willing to work with an agent.
If you want whole life coverage, see NerdWallet’s list of the best whole life insurance companies.
About Midland National life insurance
Midland National offers term and permanent life insurance, and some applicants may qualify for coverage without a medical exam. The company’s exceptional financial strength and low rate of consumer complaints make it a reputable option, but you’ll need to work with an agent to get a policy.
Midland National earned 4.7 stars out of 5 for overall performance. NerdWallet’s ratings are determined by our editorial team. The scoring formula takes into account consumer experience, complaint data from the National Association of Insurance Commissioners and financial strength ratings.
» MORE: Best life insurance companies
Where Midland National stands out
You can get a quick term life insurance quote on the Midland National website for an idea of how much you might pay.
The company also offers a fairly uncommon policy, guaranteed universal life insurance, for people who want lifelong coverage but don’t need to build much cash value.
Where Midland National falls short
You’ll need to enlist an agent to buy a policy, and you won’t find much detail on the Midland National website to help you research your options. The company doesn’t offer whole life policies, either.
Midland National life insurance policies
Term life insurance. Midland National sells term life insurance to applicants ages 18 to 75, with coverage ranging from $100,000 to $5 million. You can choose a 10-, 15-, 20- or 30-year term, and get a detailed premium estimate on the insurer’s site. If you’re looking for coverage amounts below $100,000 or above $5 million, you’ll have to speak with an agent for a quote. Midland National’s term policies aren’t available in New York.
Universal life insurance. The company offers two kinds of universal life insurance, with coverage starting at $50,000 or $100,000 depending on your age and the policy you choose:
Indexed universal life. This type of policy ties the cash value growth to an index, such as the S&P 500. Midland National’s policy is typically open to applicants between 15 days and 79 years old.
Guaranteed universal life. This policy also lets you link your cash value to a stock market index, although guaranteed universal life insurance generally doesn’t accumulate much cash value. It offers a guaranteed death benefit and a no-lapse guarantee, meaning your policy will remain in force for a set period of time as long as you pay your premiums.
Midland National life insurance riders
Options vary by policy, but these are some of Midland National’s life insurance riders:
Accidental death benefit. Offers an extra payout to your beneficiaries if you die in an accident.
Children’s term insurance. Covers your children under your policy.
Waiver of premium. Pauses your premiums if you become disabled and can’t work for a period of time.
Flexible disability benefit. If you have the waiver of premium rider, this option pays a disability benefit while your premiums are being waived.
Guaranteed insurability. Lets you increase your death benefit on specific policy anniversaries without taking a medical exam.
Return of premium. Refunds your paid premiums if you surrender your policy within a certain timeframe.
Waiver of surrender charge. Allows you to give up your permanent policy without a surrender fee.
Midland National customer complaints and satisfaction
A strong sign of consumer satisfaction is how many people complain about their insurance company to state agencies. Over three years, Midland National has drawn fewer than the expected number of complaints to state regulators for a company of its size, according to a NerdWallet analysis of data from the National Association of Insurance Commissioners.
Midland National ranked No. 21 out of 22 companies in J.D. Power's 2025 U.S. Life Insurance Study for overall customer satisfaction.
» MORE: Compare life insurance quotes
How Midland National’s customer experience stacks up
Although the Midland National website offers basic life insurance information, there are few specifics about the policies available. You can get a term life insurance quote online but will have to reach out to a financial professional to move forward with an application. The site has a “find an agent” tool that promises a response in three to five business days.
You can use the site’s online portal to manage your policy, including changing beneficiaries, paying bills and requesting a loan from your cash value.
How Midland National compares to other insurers
Midland National | Prudential | Guardian | |
|---|---|---|---|
Star rating | |||
Financial strength | Exceptional. | Exceptional. | Exceptional. |
NAIC complaints | Fewer than expected. | Close to expected. | Fewer than expected. |
J.D. Power ranking | #21 out of 22. | #12 out of 22. | #4 out of 22. |
Policy types offered | Term, permanent. | Term, permanent. | Term, permanent. |
Online experience | Can get a quote, change beneficiaries and file a claim online. | Can change beneficiaries and file a claim online. | Can get a quote, change beneficiaries and file a claim online. |
Transparency on website | Average. | Above average. | Average. |
Best for | N/A. | Overall life insurance. Term life insurance. Whole life insurance. Seniors. Mutual life insurance. Veterans. Universal life insurance. 40- and 50-year olds. Cheapest life insurance. | |
Read full reviews |
More about Midland National
Founded in 1906 as Dakota Mutual Life Insurance Co., the insurer became Midland National in 1925.
Midland National also sells annuities, and provides resources on debt management, estate planning, retirement planning and more.
How to contact Midland National
Midland National can be reached by:
Phone: Call 800-923-3223 Monday through Thursday from 7:30 a.m. to 5 p.m. CT and Fridays from 7:30 a.m. to 12:30 p.m. CT.
Email: Send a message to LifeCorrespondence@SFGmembers.com.
Live chat: Not available.
Article sources
NerdWallet writers are subject matter authorities who use primary, trustworthy sources to inform their work, including peer-reviewed studies, government websites, academic research and interviews with industry experts. All content is fact-checked for accuracy, timeliness and relevance. You can learn more about NerdWallet's high standards for journalism by reading our editorial guidelines.
- 1.J.D. Power. J.D. Power 2025 U.S. Individual Life Insurance Study. Accessed Dec 17, 2025.
How we rate the best life insurance companies
✅ 445 life insurers reviewed
📝 210 policies assessed
🔢 1,515 data points analyzed
📊 Star rating categories
When NerdWallet evaluates life insurance companies, our editorial team considers the insurer's strengths and weaknesses, as well as the things that matter most to customers buying a long-term financial product. We then weigh these factors carefully:
💰 Financial strength (35%). We use AM Best ratings to confirm an insurer’s financial stability and ability to pay claims far into the future. The top life insurance companies have an exceptional financial strength rating of A+ or A++ (Superior).
🗣️ Consumer complaints (35%). Our top-rated life insurance companies have fewer than the expected number of complaints to state regulators over a three-year period, according to the National Association of Insurance Commissioners — so you can expect a smoother customer experience.
☎️ Consumer experience (20%). Insurers who allow consumers to contact them by email, phone and live chat earn the highest scores. The same goes for insurers who support online quotes, beneficiary changes and claims.
👀 Transparency (10%). Our methodology gives higher scores to transparent insurers who clearly display information about their policy options, coverage amounts and term lengths (if applicable) on their site.
⭐ What our star ratings mean
Companies with 5 stars are exceptional, with strong financials, diverse policy lineups and great reputations for customer service.
Companies with 4.5 stars are excellent, with solid financials and policy offerings, and good customer service track records.
Companies with 4.0 stars are good, and potentially great for people looking for niche coverage options.
Companies with 3.5 stars or fewer could do better in certain categories, like financial strength and customer complaints.
NerdWallet does not receive compensation for our star ratings or our reviews. Read more about our life insurance ratings methodology and editorial guidelines.
