# Midland National Life Insurance Company

Midland National Life Insurance Company is an Insurance based in West Des Moines, United States.

## Overview

- **Organization type:** Insurance
- **Headquarters:** West Des Moines, United States
- **Region:** North America
- **Address:** 8300 Mills Civic Parkway, West Des Moines, IA 50266, United States
- **Founded:** 1906
- **Assets under management:** Undisclosed
- **Website:** midlandnational.com
- **LinkedIn:** https://www.linkedin.com/company/midland-national-life

## Regulatory record

- **Reports private funds:** No

## About

Midland National is a leader in insurance, protecting your family and future with life insurance & annuity products.

## Sectors

- Insurance
- Private Credit
- Real Estate

## Offices

- One Sammons Plaza, Sioux Falls, SD 57193

## People

- Esfand Dinshaw — Chairman and CEO, Sammons Financial Group
- Rob TeKolste — President, Midland National Life Insurance Company

## Questions

### Who makes investment decisions for Midland National Life's general account?

Investment management for Midland National Life sits within Sammons Financial Group, the parent entity chaired and led by CEO Esfand Dinshaw. The group's investment team oversees general-account assets across both Midland and its affiliate North American Company for Life and Health Insurance. They allocate across commercial mortgage loans, private-placement bonds, and institutional separate accounts, including a disclosed strategic partnership with BlackRock for portfolio strategy and technology.

### What is Midland National's relationship with North American Company for Life and Health Insurance?

Midland National Life and North American Company for Life and Health Insurance are affiliate carriers under Sammons Financial Group, a subsidiary of Sammons Enterprises. They share a common parent, back-office infrastructure, investment-management resources, and the same senior leadership team led by Esfand Dinshaw. Each company maintains its own product portfolio and distribution relationships, with Midland historically stronger in fixed and indexed annuity distribution.

### Does Midland National participate in third-party fund commitments or only direct investments?

Midland National's general account includes both directly originated assets and fund commitments. The firm originates commercial mortgage loans directly and holds private-placement bonds. It has also invested in third-party vehicles, including the Guggenheim Partners Opportunistic Investment Grade Securities Fund. The strategic partnership with BlackRock provides access to additional institutional strategies and technology infrastructure for portfolio management.

### What is the Constance annuity product and why was it noteworthy?

Constance, launched in 2021 in partnership with RetireOne, is a zero-commission contingent deferred annuity designed for fee-based registered investment advisors. It represented a distribution-channel departure for Midland, which has historically sold fixed and indexed annuities through commissioned independent agents and broker-dealers. The product targets the RIA fiduciary channel, where zero-commission structures are a prerequisite for inclusion on advisory platforms.

## Related profiles

- [Middle East Financial Investment Company](https://altss.com/profile/middle-east-financial-investment-company-mefic)
- [Midland States Bancorp](https://altss.com/profile/midland-states-bancorp)

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Last updated: 2026-06-03T20:00:00.000Z

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