Corporate Markets Group
Sammons Corporate Markets Group, a division of Midland National Life Insurance Company (which is a member of Sammons Financial Group), specializes in Bank-Owned Life Insurance (BOLI). In 1982, Sammons Corporate Markets Group, which was then known as Western States Life Insurance Company and later became part of Midland National, became the first company to provide BOLI products. Since then BOLI revenue has grown consistently with over 1,500 commercial bank customers.
Sammons Corporate Markets Group is devoted to understanding the needs of banks and providing them with innovative, state-of-the-art products. Sammons Corporate Markets Group is based in Fargo, North Dakota, and is a separate business unit from the retail life insurance and annuity operations of Midland National.
Recently Sammons Corporate Markets began serving credit unions and small businesses with funding solutions. These represent new markets with unique needs.