Premier Term

Midland National's Premier Term life insurance product can provide your client with the affordable, short term death benefit protection they need with the added value of offering accelerated death benefits for critical, chronic, and terminal illness, available at no extra premium at time of issue.¹

These resources can help you to familiarize yourself with Premier Term and its value-add features.

Agent Materials

These materials can be downloaded to share in a meeting, send in a follow-up email or visit Supply Warehouse to order copies to keep on hand!

Consumer Materials

Explore common sales concepts of Premier Term

Business Concepts

Mortgage Protection

Highlights

10, 15, 20, and 30-year level premium guarantee* periods, depending on issue age¹
Accelerated death benefits for critical, chronic and terminal illnesses²
Face amounts starting at $100,000

Key Focuses

Affordable death benefit protection
Term coverage with conversion options

Term Life Insurance Blog Posts

You can use these client-friendly blog posts in your social media content or as an additional resource to help clients understand the value of life insurance.

A young mixed-race family unpack boxes in their new home

How long should your life insurance last?

A life insurance policy should last as long as you have people who depend on you financially, and until your last major financial obligation is paid. But how do you determine that? Here is some helpful information.

Term life insurance policies for every milestone

Term life insurance can help protect your family throughout life’s milestones and ensure they have the financial support they need.

How term life insurance conversion works

In the early stages of life, a term life insurance policy may be sufficient for many individuals’ needs. For those in this position, a possible option may be converting a term life insurance policy to permanent coverage.

1. Premiums are guaranteed to remain level for the initial 10, 15, 20, or 30-year period. After the premium guarantee period, premiums will increase annually but will never exceed the guaranteed Annual Renewal Premium.

2. Accelerated Death Benefits are subject to eligibility requirements. An administration fee is required at time of election of an accelerated death benefit. The face amount will be reduced by the accelerated death benefit amount. Since benefits are paid prior to death, a discount will be applied to the face amount accelerated. As a result, the actual amount received will be less than the amount of face amount accelerated.

Subject to the terms of the policy. Conversions are allowed according to the following schedule:

• 10-year term length: the earlier of 7 years or age 70

• 15-year term length: the earlier of 12 years or age 70

• 20-year term length: the earlier of 15 years or age 70

• 30-year term length: the earlier of 20 years or age 70

• The conversion period is never less than 5 years regardless of issue age.

Premier Term is issued on (policy form series T142), Children’s Term Life Insurance Rider (form series TR151A), Accelerated Death Benefit Endorsement for Terminal Illness (form series TR208 (CA), TR164 (USVI) or E111), Accelerated Death Benefit Endorsement for Chronic/Terminal Illness (form series TR209 (CA) or E110), Accelerated Death Benefit Endorsement for Critical, Chronic & Terminal Illness (form series E109), Waiver of Term Premium for Disability Rider (form series WP162), or state version including all applicable endorsements and riders, by Midland National® Life Insurance Company, West Des Moines, IA. Products, features, riders, endorsements, or issues ages may not be available in all jurisdictions. Limitations or restrictions may apply.

While the primary use of life insurance is death benefit protection, your clients may also have other needs that can be met through life insurance. The sales concepts and accompanying marketing materials on this page may help you broaden your sales potential. As independent contractors, it is up to you to choose which of these concepts may work for your particular sales strategy and clients, and which do not. Please note that Midland National does not require you to use any of these sales concepts; they are resources that can be used at your discretion for your own individualized sales presentations

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FOR AGENT USE ONLY. NOT TO BE USED FOR CONSUMER SOLICITATION PURPOSES.

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