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New rates for Midland National term product

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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.

“Thirty-year term is an important aspect of our product portfolio, and we’re pleased to once again offer it to our dedicated producers and their clients,” says Steve Palmitier, CLU, LLIF, president and chief operating officer at Midland National. “These rate changes, along with our guaranteed convertibility feature and competitive compensation, help make Premier Term a steady top performer.”

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