Estate planning at Midland National

Midland National is a insurance company with 7 products relevant to estate planning. Life insurance and annuity proceeds transfer directly to named beneficiaries outside of probate, making beneficiary designations one of the most important estate planning steps for Midland National policyholders.

Midland National lets account holders update beneficiary designations online, by mail, and by phone, typically taking 15-20 minutes to complete; Midland National asks that 10 calendar days be allowed for review of submitted documents. Trust funding is also available, allowing families to name a trust as the policy beneficiary or establish an irrevocable life insurance trust (ILIT).