Are North American Life Insurance and Midland National a reliable annuity company?

Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

Wondering if North American or Midland National is a solid company to purchase an annuity or life insurance policy from? After reading this review, you’ll have a better understanding of both companies and if they are a solid choice to purchase a retirement plan or life insurance from.

North American Life Insurance Company and Midland National are sister companies underneath the Sammons Financial Group umbrella.

North American Life Insurance Ratings

Midland National Annuity Reviews

Midland National Ratings

  • A.M. Best Rating: A+ (Superior)
  • S&P Rating: A+ (Strong)
  • Fitch Rating: A+ (Stable)
  • Comdex Score: 89
Midland National Rating

The Pros

Midland National Ratings

The Cons

Next Steps

Midland National and North American have almost identical products. However, in most cases, Midland National offers slightly better benefits than North American.

Both are in the top 10 best-rated insurance companies for annuities.

The growth potential is above average on their fixed index annuities, while their lifetime income riders offer an average income payout compared to 157 other lifetime income riders.

Midland National

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Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

Shawn Plummer is a Chartered Retirement Planning Counselor, insurance agent, and annuity broker with over 14 years of first-hand experience with annuities and insurance. Since beginning his journey in 2009, he has been pivotal in selling and educating about annuities and insurance products. Still, he has also played an instrumental role in training financial advisors for a prestigious Fortune Global 500 insurance company, Allianz. His insights and expertise have made him a sought-after voice in the industry, leading to features in renowned publications such as Time Magazine, Bloomberg, Entrepreneur, Yahoo! Finance, MSN, SmartAsset, The Simple Dollar, U.S. News and World Report, Women’s Health Magazine, and many more. Shawn’s driving ambition? To simplify retirement planning, he ensures his clients understand their choices and secure the best insurance coverage at unbeatable rates.

The Annuity Expert is an independent online insurance agency servicing consumers across the United States. The goal is to help you take the guesswork out of retirement planning and find the best insurance coverage at the cheapest rates

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