Investigation and pending class action lawsuit against Midland National Life Insurance Company, claiming Midland National Life engages in a scheme to reap profits by exploiting and preying on senior citizens.
The class action complaint states that Midland National knowingly sells deferred annuity products to senior citizens that would not mature until after the annuitant's life expectancy. The suit is asking the court to end what it claims are unfair, improper and unlawful practices and seeks damages caused by Midland National's actions.
Name (Stock Symbol)
Midland National Life Insurance Company
Midland National Life Insurance Company sells life insurance and annuities.
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