Why Midland National is My #1 Recommendation
Midland National is My #1 Recommendation
I want to share with you why Midland National is my #1 recommendation when it comes to choosing a company for your annuity needs. I’ve been in the business for quite some time, and I’ve seen a lot of companies. But Midland National stands out for many reasons. Let me tell you why.
Why Midland National?
First, let’s talk about what makes Midland National special. They have a unique way of doing business that benefits both you and me. They use an “agent-direct” model. This means I work directly with the company, not through a middleman. This is great because:
- You get better rates.
- I make a little more money.
- We both win!
Midland National offers a variety of products. Whether you need income annuities, multi-year guaranteed fixed annuities, or indexed annuities for accumulation, they have it all. They are always in the conversation when it comes to the best options available.
Meeting the People
I recently had the chance to meet some of the people at Midland National. Let me tell you, they are some of the smartest, most ethical, and successful people I’ve met in this business. Everyone I met was like-minded and shared the same values. It was refreshing to be around people who care about their clients and want to do the right thing.
One of the highlights was meeting the Chief Investment Officer. He is the person in charge of managing the money you invest with Midland National. He has over 20 years of experience and could work anywhere, but he chose Midland National. That says a lot about the company.
Strong Financial Position
Midland National is in a very strong financial position. They have 94% of their portfolio in investment-grade assets. This means your money is in safe hands. Here’s a simple chart to show how they compare to the industry average:
| Asset Type | Midland National | Industry Average |
|---|---|---|
| Investment-Grade | 94% | 85% |
| Alternative Investments | 6% | 15% |
As you can see, Midland National is more conservative, which is a good thing when it comes to your money.
Employee-Owned Company
Another reason why Midland National is my #1 recommendation is that they are an Employee Stock Ownership Plan (ESOP) company. This means the employees own the company. They have a vested interest in making sure the company does well. This leads to:
- High employee retention.
- Better customer service.
- More cash to offer better rates.
The employees are happy and motivated, which means you get the best service possible.
Why Choose Midland National?
You might be wondering why you should choose Midland National over other companies. Here are a few reasons:
- Safety: They have a strong financial position, which means your money is safe.
- Service: The employees are motivated to provide the best service.
- Rates: You get better rates because of their agent-direct model.
Even if you have to give up a little in yield or income, it’s worth it to do business with a company that takes care of you.
Conclusion
In conclusion, Midland National is my #1 recommendation for anyone looking for a reliable and trustworthy company for their annuity needs. They have a strong financial position, a great team of people, and a unique business model that benefits everyone involved. If you’re looking for a company that will take care of you and your money, look no further than Midland National.
Thank you for taking the time to read about why I believe Midland National is the best choice. If you have any questions or want to learn more, feel free to reach out. I’m always here to help you make the best decision for your financial future.
Bryan
Episode 93: Why Midland National is My #1 Recommendation
Last Updated on January 7, 2025 by Bryan Anderson
Hi Brian, I have been toiling with regards to putting some of my retirement savings into an annuity. With roughly XXX to work with broken currently into 26% stocks, 60% ETF’s and 12% in Mutual funds. Just turned 61 and hope to continue to work full time at least until 65 before retiring. I have enjoyed listening to your podcasts on the subject, especially the one on Allianz and their benefit control. I have looked at the Midland National website and not able to find any specific information regarding their products. Only the generic information related to products that other sell that mimic that of Allianz from what I could tell. With that said, your recommendation for Midland is based on that they have been around for a long time, they are stable, you like the people and that they are employee owned. These are all good things to consider however I am curious, is the product that they offer any different?