Midland National Life Insurance Company is offering new term rates for its Premier Term CS4 product. The company has also reinstated a 30-year term option for the product, which is geared toward price-conscious clients and high face sales.
Premier Term CS4 has 10-, 15-, 20- and 30-year level-premium guaranteed periods, competitive premiums, five underwriting classes, four bands and guaranteed convertibility. The product also offers a base GA commission of up to 90%, plus a production bonus, and increased commission on 20-year term by 5 percentage points.