New NA/Midland Term Rates

Jul 2, 2015

  1. Cash
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    Cash Guru

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    I just took a look at North American/Midland National's new term rates. They are pretty competitive on price alone never mind the conversion options. Does anyone see themselves putting a lot of term business with either? I think for healthy people, they are starting to look like a really great option.
     
    Cash, Jul 2, 2015
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  2. BNTRS
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    BNTRS Guru

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    This happened once before a little less than 10 years ago. Great companies so make hay while the sun is shining (i.e. would not be surprised if this pricing changes in a year or two)
     
    BNTRS, Jul 2, 2015
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  3. sman
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    Which products do they allow you to convert to? That's the problem with several term providers, their conversion options suck.
     
    sman, Jul 2, 2015
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  4. Cash
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    Any currently available permanent policy.
     
    Cash, Jul 3, 2015
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  5. mcouper
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    Their ease of doing business almost makes it not worthwhile --- strict underwriting and bad new business communication.
     
    mcouper, Jul 5, 2015
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  6. sman
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    So even their GUL (assuming they still have one)?
     
    sman, Jul 5, 2015
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  7. Cash
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    Yeah, that is why I said healthy people. I haven't experienced bad communication.

    ----------

    Yep................... you got it.
     
    Cash, Jul 5, 2015
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  8. scagnt83
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    scagnt83 Worldwide Expert of Everything

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    I have found Midland to be much easier to work with than NA. I think their UW decisions are even slightly more generous too. When you cut out a layer of cost/admin they can afford to loosen up a bit plus be more efficient.

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    Yes, every single permanent product is available to convert to.

    They currently have 3 GULs:
    Custom Guarantee(Gen 8)
    CustomTerm GUL
    Survivorship GIUL
     
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