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North American or Midland National Life? Is there a significant difference in the products that they offer? Are their compensation packages about the same? Thanks in advance.
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North American or Midland National Life? Is there a significant difference in the products that they offer? Are their compensation packages about the same? Thanks in advance.
North American or Midland National Life? Is there a significant difference in the products that they offer? Are their compensation packages about the same? Thanks in advance.
There are definite differences in the Annuities. The life is almost exactly the same.
1st year Street is slightly higher with NA on Term if I remember right. Many IMOs will give you over street with them.
You can get better residuals /trails with Midland. (they pay an asset based trail on IUL if you take a 20bps cut on 1st year)
Annuity comp is very similar.
Annuity rates are better with Midland. Annuity Renewals are much better with Midland.
I prefer working with Midland over NA. They are just easier to deal with on that side.
North American or Midland National Life? Is there a significant difference in the products that they offer? Are their compensation packages about the same? Thanks in advance.
I believe North American's Rapid Builder IUL will give the waiver of surrender charges, indexed gains, and chronic illness. I am not sure if there have been changes with Midland to make it better. They are probably the same.
That might be true; however, it's probably a good idea to put EVERY PENNY they pay you into a separate bank account to be prepared for when they demand it back.Close but no cigar...
Although Midland and North Americans products appear identical they are not.... The caps are different on Midlands IUL's than on North Americans. For North American the rapid builder does have a waiver of surrender charge option however.
On the comp end, midland pays better renewals and almost twice as much on excess over target.
That might be true; however, it's probably a good idea to put EVERY PENNY they pay you into a separate bank account to be prepared for when they demand it back.