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Ripoff Report | Midland National Review - Sioux Falls, South Dakota
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Report: #596460

Complaint Review: Midland National Life Insurance Company - Sioux Falls South Dakota

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  • Reported By: MNGirl — metro Minnesota United States of America
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  • Midland National Life Insurance Company One Sammons Plaza Sioux Falls, South Dakota United States of America

Midland National Life Insurance Company Midland National Life Insurance Company has a very questionable reputation for their sales practices Sioux Falls, South Dakota

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I would never do business with Midland National Life (whose parent company is Sammon's Financial Group).  Their history regarding their insurance sales practices concerns me greatly, and I am looking elsewhere to make my purchase.
 
The main office for Midland National Life is in Sioux Falls, South Dakota, but in addition to a recent local lawsuit, their have been additional lawsuits filed against them.

In 2007 in Minnesota, the State Attorney General's Office filed against Midland National Life Insurance Company, in Sioux Falls, South Dakota, alleging the company was making inappropriate long-term annuity sales to seniors.  Ripping off our senior citizens?!? How shameful.  In Dec 2008 Midland National Life Insurance Company agreed to pay back those customers.

There have been similar class action lawsuits filed against them in California, Iowa, Hawaii, and Rhode Island.  They have been fined in Arizona twice as well.  You can see these lawsuits at: www.midland-national-life-review.com.

In my opinion, Midland National Life is ripping people like you and I off (as supported by the lawsuits) and should not be allowed to continue doing so.  Take or move your business to a more reputable company.

This report was posted on Ripoff Report on 04/25/2010 10:20 AM and is a permanent record located here: https://www.ripoffreport.com/reports/midland-national-life-insurance-company/sioux-falls-south-dakota-57193/midland-national-life-insurance-company-midland-national-life-insurance-company-has-a-very-596460. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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