Your long-term success in this business is based, in large part, on the
strength and stability of the company (or companies) you represent.
Both Midland National and Sammons Securities Company, LLC, are members of the
Sammons Financial Group. The Sammons Financial Group is a group of privately
owned insurance companies that bring value and stability to you and your
customers through unique ownership,
distinguished membership, and financial strength.
Unique Ownership
Unlike most financial companies, the Sammons Financial Group is not publicity
traded. Its parent companies - Sammons Enterprises, Inc. of Dallas, Texas -
owns a variety of diversified businesses in addition to financial companies and
is one of the nation's largest privately held companies.* In addition,
employees of the Sammons Financial Group are shareholders in the group's parent
company through an employee stock ownership plan available to eligible
employees. This ownership translates into two main benefits for you and your
clients:
-
Better Service:
Whenever you talk to someone at the Sammons Financial Group, you will most
likely be talking to an employee-shareholder. As shareholders, our employees
have a stake in the company's success, and they take your business seriously.
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Stability: Because of its unique ownership, the Sammons Financial Group
is not as susceptible to market fluctuations as are publicly traded companies.
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Distinguished Membership
The Sammons Financial Group is comprised of a number of companies that
maintain their own distinct marketing focus yet share experience and services
for optimal efficiency, strength, and growth. The Sammons Financial Group
includes Midland National - Sioux Falls, SD; Sammons Securities Company, LLC -
Ann Arbor, MI; The Sammons Annuity Group - Des Moines, IA; North American
Company for Life and Health Insurance - Chicago, IL and North American Company
for Life; and Health Insurance for New York - NY.
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Strength
The Sammons Financial Group is a strong organization that has grown
significantly over the past several years:
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In 1995, the Sammons Financial Group had $76 million of earnings and just under
$3 billion in assets. In 2002, only seven years later, the group finished with
$172 million in earnings and nearly $15 billion in assets.
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In 1995, the Group's life insurance was in force was at $62 billion. In 2002,
the Group's life insurance in force grew to over $211 billion representing
nearly 1.2 million policyholders.
The Sammons Financial Group is not the biggest, but it is stable and strong,
and it is one of the only financial groups in the process of becoming fully
employee-owned. We call it "Big Enough to Play, Yet Small Enough to Care." The
members of the Sammons Financial Group are big enough to be competitive at all
levels, yet small enough to care about you and your clients. That's a key part
of Life at its Best®
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FOR AGENT/REGISTERED REPRESENTATIVE USE ONLY. NOT TO BE USED FOR
CONSUMER SOLICITATION PURPOSES.
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