Midland National Announces New IUL Policy

Midland National Life Insurance Company, based in Sioux Falls, SD, recently announced the perfect complement to its highly successful Innovation Universal Life (IUL), with the introduction of a new universal life insurance product – Executive Universal Life 5 (EUL5).  

Unlike the IUL, which was primarily designed for low-cost permanent protection (with flexible lifetime death-benefit guarantees), the EUL5 was designed with an emphasis on cash accumulation and liquidity. “The great thing about the EUL5,” says Christ Cruit, Director of Marketing and Research, “is that it creates a true Win/Win relationship for the agent and client by offering industry-leading compensation – without sacrificing policy performance. That’s why we call it ‘The King of Cash’.” 

The Executive Universal Life offers…

• First-year compensation up to 125 percent with production bonuses.
• Target premium increases up to 59 percent (over the former version of this product).
• Increases in cash accumulation at age 100 (up to 24 percent above Midland National’s former Executive product), depending on age, underwriting class and face amount.
• Significant potential for accumulation of the policy’s cash values through two interest bonuses, a premium bonus, and reduced cost of insurance.
• Industry-leading loan provisions – contractually guaranteed Zero Cost Loans in year 6+ on the full loan value, which equals the contract fund minus surrender charges.

For more information, go to www.mnlife.com/EUL5 or contact Christ Cruit, Director of Marketing and Research (605-335-5700, extension 32134).