Sun Life Financial Services of Canada Inc. announced today that it has closed the previously announced sale of Clarica Life Insurance Co.’s U.S. operations, Clarica U.S., Inc., to Midland National Life Insurance Company.

Clarica U.S. lines of business include individual life insurance and annuity solutions. The company serves its 225,000 U.S. customers from offices in Fargo, North Dakota. The company has approximately 200 employees.

Midland National Life is a provider of life insurance and annuity products and has key operations in Sioux Falls, South Dakota and Des Moines, Iowa. It is owned by Sammons Enterprises, Inc. of Dallas, one of the largest privately owned companies in America.