CHICAGO, April 05, 2017 (GLOBE NEWSWIRE) -- Life insurance sales were ranked number 10 for Sammons® Financial Group life companies, which include North American for Life and Health Insurance® and Midland National® Life Insurance Company, and its Corporate Market division, in combined sales, according to LIMRA International (LIMRA), a research association for life and health companies.1 The survey includes 83 major companies and the ranking was measured by annual premiums.
North American Company and Midland National President and Chief Operating Officer Steve Palmitier said, “This is quite the achievement when you consider some of the companies on each side of us are household names. The consistent execution of our strategy and relationships with our distribution partners has put us in a great place. Our growth rates have averaged 11% the past five years compared with an industry average of 2%.”2
LIMRA, a worldwide research, consulting and professional development organization, is a trusted source for industry knowledge; helping more than 850 insurance and financial services companies in 73 countries increase their marketing and distribution effectiveness. Visit LIMRA at www.limra.com.
ABOUT SAMMONS FINANCIAL GROUP
Sammons® Financial Group, Inc. (SFG), an SEI wholly-owned subsidiary, is the parent of a group of member companies under the insurance Holding Company Act made up of several successful financial services companies offering a variety of financial and retirement products through multiple distribution channels. These consist of retirement products, annuities, variable annuities3, variable life insurance3, and life insurance (including bank, corporate, and credit union-owned life insurance). The member companies of SFG include North American Company for Life and Health Insurance®, Midland National® Life Insurance Company, including its divisions, Sammons Annuity GroupSM and Sammons ®Corporate Markets Group, Sammons Retirement Solutions® Inc., and Sammons Financial Network® LLC. For more information, please visit www.sammonsfinancialgroup.com.
1 Source: LIMRA International, U.S. Retail Individual Life Insurance Sales, fourth quarter 2016 results. Sales based on annualized premium plus excess.
2 Source: Internal Distribution Reports, 2011 and 2016
3 Variable products distributed by Sammons Financial Network® LLC, member FINRA
Variable products distributed by Sammons Financial Network® LLC, member FINRA . Sammons Financial Network® LLC is a member of Sammons® Financial Group, an indirect wholly-owned subsidiary of Sammons Enterprises, Inc. of Dallas, Texas.
PR23-3-17