Midland National Life Insurance Review 2025

Midland National works well for younger buyers looking for a policy they can modify or upgrade to meet their needs over time. It's also great for people with pre-existing conditions or who want the convenience of not having to take a medical exam to apply.

It's among the best universal life insurance companies in MoneyGeek's 2025 ranking of major insurers.

Use this Midland National life insurance review to learn more about the company’s offerings so you can decide what's right for you before applying.

Midland National offers several life insurance products, including term and universal. Compare policy features to determine which fits your family's needs.

Term life insurance works well for younger buyers, new families and recent homeowners. Compared to permanent policies, term coverage costs less while providing financial protection during high-obligation years.

Universal life insurance policies could be the best option if you're looking for permanent life insurance coverage that can adapt to your changing insurance needs.

IUL works best if you want permanent coverage with higher growth potential than traditional universal life and can afford premiums beyond the minimum required to keep your policy active

Riders are features you can add to your insurance policy for an extra cost. They can help tailor your insurance plan to your specific needs. Midland National offers the following riders:

Your life insurance costs depend on your age, health, coverage amount and policy type. Younger, healthier buyers pay less than older applicants or those with medical conditions. Your lifestyle choices also matter, with tobacco users paying more than non-smokers do, and risky hobbies like skydiving can increase your premiums.

Here are average annual rates for Midland National's term policies across different coverage amounts, term lengths, and ages for healthy non-tobacco users:

Rates shown are based on MoneyGeek's 2025 survey of major life insurance providers and represent average market pricing. Individual quotes may vary significantly based on health, lifestyle, and underwriting factors.

Filing a life insurance claim with Midland National starts with notifying the company as soon as possible after the insured's death. You can initiate the claim by calling Midland National at 800-923-3223 or contacting your insurance agent. The company will guide you through the required documentation and next steps.

You'll need to submit a completed claim form along with a certified copy of the death certificate. Midland National may request additional documents depending on the policy type and circumstances, such as medical records, beneficiary identification, or proof of relationship to the deceased. The company reviews claims promptly once it receives all required documentation.

Midland National pays death benefits directly to named beneficiaries through check, electronic transfer or by establishing an interest-bearing account that beneficiaries can access. If your policy includes riders like the Accelerated Death Benefit for critical, chronic, or terminal illness, you can file claims while the insured is still living by providing medical documentation proving eligibility.

Midland National offers term and universal life insurance. Policies are available from $100,000- $5 million. Based on our Midland National life insurance review, the company works well for young buyers looking for short-term coverage and those seeking universal policies.

MoneyGeek answered commonly asked questions about Midland National life insurance:

We analyzed Midland National's rates across multiple customer profiles to show how your personal characteristics affect costs and help you determine if this insurer offers competitive pricing for your situation.

Sample Profile Foundation

We started with a baseline profile to establish consistent comparisons:

• 40-year-old male
• Nonsmoker
• 5 feet 9 inches tall, 160 pounds
• Average health rating

This profile reflects a typical shopper and creates fair comparisons across the life insurance market. We then modified age, gender, height, weight, tobacco use, and health rating to calculate average costs for different customer types. This approach reveals how Midland National's underwriting affects premiums across various risk profiles.

Coverage Analysis

We gathered quotes for different term lengths and coverage amounts to show how Midland National's prices change as policy sizes increase. Larger policies don't always mean proportionally higher premiums. Some insurers offer better value at higher coverage amounts.

Our Midland National life insurance review examines the company's full lineup of life insurance products to show how the company compares to other insurers in the market. This includes term life policies and permanent coverage options.

Scoring Factors

We evaluated three key areas:

• Affordability (55%): Average life insurance quotes
• Customer Experience (30%): J.D. Power ratings, complaint indexes, and usability
• Coverage Options (15%): Product range, riders, conversion options, and living benefits

Data sources include rate filings, AM Best ratings and MoneyGeek's proprietary insurer database. These weighted scores reflect what matters most when choosing life insurance: competitive pricing, reliable service, and flexible coverage that adapts to your changing needs.