We would love to hear from you. Click on the ‘Contact Us’ link to the right and choose your favorite way to reach-out!

wscdsdc

media/speaking contact

Jamie Johnson

business contact

Victoria Peterson

Contact Us

855.ask.wink

Close [x]
pattern

Industry News

Categories

  • Industry Articles (15,459)
  • Industry Conferences (2)
  • Industry Job Openings (9)
  • Negative Media (134)
  • Positive Media (73)
  • Sheryl's Articles (572)
  • Sheryl's Blogs (157)
  • Wink's Articles (216)
  • Wink's Blogs (204)
  • Wink's Press Releases (89)
  • Blog Archives

  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • November 2010
  • October 2010
  • September 2010
  • August 2010
  • July 2010
  • June 2010
  • May 2010
  • April 2010
  • March 2010
  • February 2010
  • January 2010
  • December 2009
  • November 2009
  • October 2009
  • August 2009
  • June 2009
  • May 2009
  • April 2009
  • March 2009
  • November 2008
  • May 2008
  • February 2008
  • August 2006
  • Midland National and DPL introduce first commission-free fixed index annuity with health-activated income multiplier

    July 29, 2020 by Midland National

    WEST DES MOINES, Iowa, July 21, 2020 (GLOBE NEWSWIRE) — Midland National® Life Insurance Company (Midland National) and DPL Financial Partners have launched a new, commission-free fixed index annuity (FIA). The Midland National Capital IncomeSM offers a unique health-activated income multiplier feature1 which can double income payments for up to five years to help prepare for increased personal care costs. Capital Income offers this feature through an income rider creating guaranteed lifetime income to help safeguard retirement lifestyles.

    “We had been looking to enter the fee-only advisor space when we began talking to DPL about combining our strengths to create a product that would serve an unmet need in the market,” said Rob TeKolste of Midland National. “When DPL brought us the idea for a commission-free FIA with an income rider offering a health-activated income benefit feature, we knew we could bring a powerful solution to RIAs. This fixed index annuity is competitive in its own right, but the health-related income multiplier feature provides an income stream just when many people need it most. This is a solution we believe many advisors seek for their clients.”

    Capital Income offers the income rider with a health-activated multiplier for a cost. Although not intended to replace long-term care, it can be turned on in the event the policyowner can’t perform at least two out of six basic activities of daily living, like bathing, continence, dressing, eating, toileting, and transferring in and out of beds and chairs. Other conditions and limitations apply, including a waiting period and an elimination period.

    “Health problems can dramatically impact a retiree’s expenses,” said David Lau, founder and CEO of DPL, the leading insurance network for registered investment advisors (RIAs). “We wanted to create a first-of-its-kind product that provides additional income should a client experience an unexpected health event that impacts their ability to care for themselves. We were delighted when Midland National stepped up to build it.”

    DPL Financial Partners is the first and leading RIA turnkey insurance management platform that brings commission-free insurance solutions from a variety of the nation’s top carriers to RIA practices. DPL has created a marketplace of commission-free insurance products that enables RIAs to incorporate insurance and annuities into their practice to more holistically serve their clients. Clients benefit from products that offer competitive pricing and fiduciary implementation.

    Capital Income became exclusively available to DPL’s RIA member firms on July 21, 2020.

    About Midland National Life Insurance Company
    For more than 110 years, Midland National® Life Insurance Company (Midland National) has been an industry leader, crediting the company’s strength to its commitment to stability, innovation and dedicated customer service. Midland National is accredited by the Better Business Bureau, and has earned an A+ (Superior) rating from A.M. Best, a large third-party independent reporting and rating company that rates an insurance company on the basis of the company’s financial strength, operating performance and ability to meet its ongoing obligations to policyowners. This rating is the second highest out of 15 categories and was affirmed by A.M. Best for Midland National as part Sammons® Financial Group, Inc. on Aug. 7, 2019.

    Founded as Dakota Mutual Life Insurance Company in 1906, Midland National has protected families and preserved legacies for generations. Midland National is one of the leading insurance companies in the United States. Midland National is a member of Sammons Financial Group, a subsidiary of Sammons Enterprises, Inc. With its annuity division in West Des Moines, Iowa, and its life insurance operations in Sioux Falls, South Dakota, Midland National operates in 49 states and the District of Columbia through its 12,000 licensed sales professionals. For more information, click here.

    1 Known as ADL Benefit Rider in the contract. See contract for full ADL definitions and additional conditions required to elect it. THE ADL BENEFIT RIDER (ALSO KNOWN AS THE HEALTH-ACTIVATED INCOME MULTIPLIER) IS NOT LONG TERM CARE INSURANCE NOR IS IT INTENDED TO REPLACE LONG TERM CARE INSURANCE.

    Insurance products issued by Midland National® Life Insurance Company, West Des Moines, Iowa. Product and features/options may not be available in all states or appropriate for all clients. See product materials for further details, specific features/options, and limitations by product and state.
    The Midland National Capital IncomeSM is issued on base contract form AS202A/ICC19-AS201A or appropriate state variations including all applicable endorsements and riders.

    PR-74-7-20

    Media Contact
    Kevin Waetke
    Sammons Financial Group
    kwaetke@sfgmembers.com
    Cell: 515-608-2558

    Originally Posted at Globe Newswire on July 21, 2020 by Midland National.

    Categories: Industry Articles
    currency