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			mdwt_Current_Folio_8K_20200414
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			<font style="display:inline;font-weight:bold;font-size:18pt;">UNITED STATES</font>
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			<font style="display:inline;font-weight:bold;font-size:18pt;">SECURITIES AND EXCHANGE COMMISSION</font>
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			<font style="display:inline;font-weight:bold;">Washington, D.C. 20549</font>
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			<font style="display:inline;font-weight:bold;font-size:18pt;">FORM 8-K<a name="FIS_UNIDENTIFIED_TABLE"></a></font>
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			<font style="display:inline;font-weight:bold;font-size:11pt;">CURRENT REPORT</font>
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			<font style="display:inline;font-weight:bold;font-size:11pt;">Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</font>
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			<font style="display:inline;font-weight:bold;font-size:11pt;">Date of Report (Date of earliest event reported): April 15, 2020</font>
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			<font style="display:inline;font-weight:bold;font-size:18pt;">Midwest Holding&nbsp;Inc.</font>
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			<font style="display:inline;font-style:italic;">(Exact name of registrant as specified in its charter)</font>
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						<font style="display:inline;font-weight:bold;font-size:14pt;">NEBRASKA</font></p>
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						<font style="display:inline;font-style:italic;">(State or other jurisdiction </font></p>
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						<font style="display:inline;font-weight:bold;font-size:14pt;">000-10685</font></p>
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						<font style="display:inline;font-style:italic;">(Commission File Number)</font></p>
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						<font style="display:inline;font-weight:bold;font-size:14pt;">20-0362426</font></p>
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						<font style="display:inline;font-style:italic;">(IRS Employer Identification No.)</font></p>
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						<font style="display:inline;font-style:italic;">of incorporation)</font></p>
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			<font style="display:inline;">&nbsp;</font>
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			<font style="display:inline;font-weight:bold;font-size:14pt;">2900 South 70th Street, Suite 400</font>
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			<font style="display:inline;font-weight:bold;font-size:14pt;">Lincoln, Nebraska 68506<br></font><font style="display:inline;"></font><font style="display:inline;font-style:italic;">(Address of principal executive offices) (Zip Code)</font><font style="display:inline;">&nbsp;<br></font>
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			<font style="display:inline;font-weight:bold;font-size:14pt;">(402)&nbsp;489-8266</font>
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			<font style="display:inline;font-style:italic;font-size:10pt;">(Registrant&#x2019;s telephone number, including area code)</font>
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			<font style="display:inline;font-size:14pt;">&nbsp;</font>
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						<font style="display:inline;font-weight:bold;">Not Applicable </font></p>
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						<font style="display:inline;">&nbsp;</font></p>
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						<font style="display:inline;font-size:10pt;">&nbsp;</font></p>
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						<font style="display:inline;font-style:italic;font-size:10pt;">(Former name or former address, if changed since last report)</font></p>
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						<font style="display:inline;font-size:10pt;">&nbsp;</font></p>
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			<font style="display:inline;">&nbsp;</font>
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			<font style="display:inline;color:#000000;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):\</font>
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			<font style="display:inline;">&nbsp;</font>
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			<font style="text-indent:0pt;margin-left:0pt; padding-right:27pt;"><font style="display:inline;font-family:Segoe UI Symbol;">&#x2610;</font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"></font><font style="display:inline;"></font><font style="display:inline;color:#000000;">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></font>
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			<font style="display:inline;">&nbsp;</font>
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			<font style="text-indent:0pt;margin-left:0pt; padding-right:27pt;"><font style="display:inline;font-family:Segoe UI Symbol;">&#x2610;</font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"></font><font style="display:inline;"></font><font style="display:inline;color:#000000;">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></font>
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			<font style="display:inline;font-size:12pt;">&nbsp;</font>
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		<p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:27pt;"><font style="display:inline;font-family:Segoe UI Symbol;">&#x2610;</font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"></font><font style="display:inline;"></font><font style="display:inline;color:#000000;">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2 (b))</font></font>
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			<font style="display:inline;font-size:12pt;">&nbsp;</font>
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		<p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:27pt;"><font style="display:inline;font-family:Segoe UI Symbol;">&#x2610;</font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"></font><font style="display:inline;"></font><font style="display:inline;color:#000000;">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4 (c))</font></font>
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		<p style="margin:9pt 0pt 7pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">Securities registered pursuant to Section 12(b) of the Act:</font>
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					<p style="margin:2pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
						<font style="display:inline;color:#000000;">Title of each class</font></p>
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						<font style="display:inline;color:#000000;">Trading Symbol(s)</font></p>
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						<font style="display:inline;color:#000000;">Name of each exchange on which registered</font></p>
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						<font style="display:inline;">&nbsp;</font></p>
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						<font style="display:inline;">&nbsp;</font></p>
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						<font style="display:inline;">&nbsp;</font></p>
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			<font style="display:inline;">&nbsp;</font>
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		<p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;color:#000000;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#xA7;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#xA7;240.12b-2 of this chapter).</font>
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			<font style="display:inline;color:#000000;">Emerging growth company </font><font style="display:inline;font-family:Segoe UI Symbol;">&#x2610;</font>
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		<p style="margin:0pt;border-bottom:1pt none #D9D9D9 ;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;color:#000000;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.&nbsp; </font><font style="display:inline;font-family:Segoe UI Symbol;">&#x2610;</font>
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			&nbsp;
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			<font style="display:inline;"></font></p></div><div style="margin-left:5.88235294117647%;margin-right:5.88235294117647%;">
		<p><font size="1"> </font></p></div><div style="margin-left:5.88235294117647%;margin-right:5.88235294117647%;page-break-after:always;"><div style="background-color:#000000;clear:both;height:2pt;border:0;margin:30pt 0pt 30pt 0pt;"></div></div><div style="margin-left:8.82352941176471%;margin-right:8.82352941176471%;"></div><div style="margin-left:8.82352941176471%;margin-right:8.82352941176471%;"><p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"><font style="display:inline;"></font>
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			<font style="display:inline;font-weight:bold;color:#000000;font-size:11.5pt;">Item 1.01 &#x2013; Entry into a Material Definitive Agreement.</font>
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			<font style="display:inline;font-size:11.5pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:34pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display:inline;color:#000000;font-size:11.5pt;">Finalized on April 15, 2020, and effective&nbsp;as of January 1, 2020, American Life &amp; Security Corp. (&#x201C;American Life&#x201D;), a wholly owned subsidiary of Midwest Holding Inc. (&#x201C;Midwest&#x201D;), entered into a&nbsp;Funds Withheld and Funds Paid Coinsurance Agreement (MYGA and FIA Business) &nbsp;(the &#x201C;Agreement&#x201D;) with US Alliance Life and Security Company, a reinsurance company organized under the laws of the State of Kansas&nbsp;(the &#x201C;Reinsurer&#x201D;). The Agreement provides, among other things, as follows:</font></font>
		</p>
		<p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11.5pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 20.00pt;">
			<p style="color:#000000;font-family:Times New Roman,Times,serif;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size:11pt;;"> 1.</font>
			</p>
		</td><td style="width:16pt;"><p style="width:16pt;width:16pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="color:#000000;font-family:Times New Roman,Times,serif;font-size: 11pt;margin:0pt;">
			<font style="display:inline;color:#000000;font-size:11.5pt;">As of January 1, 2020&nbsp;(the &#x201C;Effective Date&#x201D;), American Life ceded on a funds withheld coinsurance basis certain reinsured liabilities of its Multi Year Guarantee Annuities&nbsp;(&#x201C;MYGA&#x201D;)&nbsp;and Fixed Income Annuity (&#x201C;FIA&#x201D;) business (the &#x201C;Reinsurance Treaty&#x201D;).&nbsp;</font><font style="display:inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">In general, under a </font><font style="display:inline;color:#000000;font-size:11.5pt;">coinsurance</font><font style="display:inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&nbsp;program, the reinsurer receives its agreed upon share of all of the risks and cash flows of the covered business.&nbsp;&nbsp;The reinsurer receives its share of the premiums and benefits, and assets to support its share of the reserves transferred to the reinsurer.&nbsp;&nbsp;However, in the case of the Agreement, under the &#x201C;funds withheld&#x201D;&nbsp;</font><font style="display:inline;color:#000000;font-size:11.5pt;">coinsurance</font><font style="display:inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;"> program, American Life did not transfer the assets or the assets and the reserves underlying the ceded MYGA and FIA business to the Reinsurer, and American Life is required to pay interest to replace that which would have been earned by the Reinsurer if it had held the assets corresponding to the reserves in its own investment portfolio.&nbsp; </font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 72pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11.5pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 20.00pt;">
			<p style="color:#000000;font-family:Times New Roman,Times,serif;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size:11pt;;"> 2.</font>
			</p>
		</td><td style="width:16pt;"><p style="width:16pt;width:16pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="color:#000000;font-family:Times New Roman,Times,serif;font-size: 11pt;margin:0pt;">
			<font style="display:inline;color:#000000;font-size:11.5pt;">The Reinsurer shall pay American Life an administrative expense fee (&#x201C;Policy Expenses&#x201D;) to cover the cost of providing all administrative and other services necessary or appropriate in connection with the administration and distribution (including the product development fee) of the reinsured policies and the reinsured liabilities.</font></p></td></tr></table></div>
		<p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11.5pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11.5pt;;font-size: 11pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;color:#000000;font-size:11.5pt;">The Agreement remains in full force until (i) American Life has no further liabilities or obligations with respect to the policies that have been coinsured under the Agreement, (ii) the Agreement is terminated by mutual agreement of the parties. </font>
		</p>
		<p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11.5pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11.5pt;;font-size: 11pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;color:#000000;font-size:11.5pt;">The foregoing description of the Agreement is qualified by its actual language, and a copy of the Agreement is filed herewith as Exhibit 10.1 and is incorporated herein by reference in its entirety. </font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent: -36pt;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11.5pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 11.25pt;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-weight:bold;color:#000000;font-size:11.5pt;">Item 9.01. Financial Statements and Exhibits.</font>
		</p>
		<p style="margin:0pt 0pt 11.25pt;text-indent:15pt;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;color:#000000;font-size:11.5pt;">(d)&nbsp;</font><font style="display:inline;color:#000000;font-size:11.5pt;text-decoration:underline;">Exhibits&nbsp;</font><font style="display:inline;color:#000000;font-size:11.5pt;">.</font>
		</p>
		<p style="margin:0pt 0pt 11.25pt;text-indent:15pt;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;color:#000000;font-size:11.5pt;">The following exhibits are filed herewith:</font>
		</p>
		<div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.20%;">
			<tr>
				<td valign="bottom" style="width:42.75pt;padding:2pt 0pt 2pt 0pt;">
					<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 11pt;">
						<a name="FIS_UNIDENTIFIED_TABLE_2"></a><font style="display:inline;font-weight:bold;font-size:11.5pt;">Exhibit</font></p>
				</td>
				<td valign="bottom" style="width:01.00pt;padding:2pt 0pt 2pt 0pt;">
					<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 11pt;">
						<font style="display:inline;font-size:11.5pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:461.25pt;padding:2pt 0pt 2pt 0pt;">
					<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
						<font style="display:inline;font-weight:bold;font-size:11.5pt;">Description</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:42.75pt;border-bottom:1pt solid #000000 ;padding:2pt 0pt 2pt 0pt;">
					<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 11pt;">
						<font style="display:inline;font-weight:bold;font-size:11.5pt;">No.</font></p>
				</td>
				<td valign="bottom" style="width:01.00pt;padding:2pt 0pt 2pt 0pt;">
					<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 11pt;">
						<font style="display:inline;font-size:11.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:461.25pt;border-bottom:1pt solid #000000 ;padding:2pt 0pt 2pt 0pt;">
					<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
						<font style="display:inline;font-size:11.5pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:42.75pt;background-color: #C0C0C0;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 11pt;">
						<font style="display:inline;font-size:11.5pt;">10.1 (*)</font></p>
				</td>
				<td valign="top" style="width:01.00pt;background-color: #C0C0C0;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 11pt;">
						<font style="display:inline;font-size:11.5pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:461.25pt;background-color: #C0C0C0;padding:0pt;">
					<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
						<font style="display:inline;font-size:11.5pt;">Funds Withheld and Funds Paid Coinsurance Agreement (MYGA and FIA Business) between US Alliance Life and Security Company and American Life &amp; Security Corp., effective as of January 1, 2020.</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt 0pt 12pt 36pt;text-indent: -36pt;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11.5pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 12pt 36pt;text-indent: -36pt;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11.5pt;">(*) Portions of this exhibit have been redacted in compliance with Regulation S-K Item 601(b)(10).</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-weight:bold;font-size:11.5pt;"></font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;"></font></p></div><div style="margin-left:8.82352941176471%;margin-right:8.82352941176471%;">
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">

			<font style="display:inline;">2</font>

		</p>

</div></div><div style="margin-left:8.82352941176471%;margin-right:8.82352941176471%;page-break-after:always;"><div style="background-color:#000000;clear:both;height:2pt;border:0;margin:30pt 0pt 30pt 0pt;"></div></div><div style="margin-left:8.82352941176471%;margin-right:8.82352941176471%;"></div><div style="margin-left:8.82352941176471%;margin-right:8.82352941176471%;"><p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"><font style="display:inline;"></font>
		</p>
		<p style="margin:0pt 0pt 11.25pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-weight:bold;font-size:11.5pt;">EXHIBIT INDEX</font>
		</p>
		<div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.20%;">
			<tr>
				<td valign="bottom" style="width:51.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:2pt 0pt 2pt 0pt;height:1.00pt">
					<p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;">
						<a name="FIS_UNIDENTIFIED_TABLE_3"></a><font style="display:inline;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:2pt 0pt 2pt 0pt;height:1.00pt">
					<p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:452.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:2pt 0pt 2pt 0pt;height:1.00pt">
					<p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:51.50pt;padding:2pt 0pt 2pt 0pt;">
					<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 11pt;">
						<font style="display:inline;font-weight:bold;font-size:11.5pt;">Exhibit</font></p>
				</td>
				<td valign="bottom" style="width:01.00pt;padding:2pt 0pt 2pt 0pt;">
					<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 11pt;">
						<font style="display:inline;font-size:11.5pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:452.50pt;padding:2pt 0pt 2pt 0pt;">
					<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
						<font style="display:inline;font-weight:bold;font-size:11.5pt;">Description</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:51.50pt;border-bottom:1pt solid #000000 ;padding:2pt 0pt 2pt 0pt;">
					<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 11pt;">
						<font style="display:inline;font-weight:bold;font-size:11.5pt;">No.</font></p>
				</td>
				<td valign="bottom" style="width:01.00pt;padding:2pt 0pt 2pt 0pt;">
					<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 11pt;">
						<font style="display:inline;font-size:11.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:452.50pt;border-bottom:1pt solid #000000 ;padding:2pt 0pt 2pt 0pt;">
					<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
						<font style="display:inline;font-size:11.5pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:51.50pt;background-color: #C0C0C0;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 11pt;">
						<font style="display:inline;font-size:11.5pt;">10.1 (*)</font></p>
				</td>
				<td valign="top" style="width:01.00pt;background-color: #C0C0C0;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 11pt;">
						<font style="display:inline;font-size:11.5pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:452.50pt;background-color: #C0C0C0;padding:0pt;">
					<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
						<a href="mdwt-20200415xex10d1.htm"><font style="display:inline;font-size:11.5pt;">Funds Withheld and Funds Paid Coinsurance Agreement (MYGA and FIA Business) between US Alliance Life and Security Company and American Life &amp; Security Corp., effective as of January 1, 2020..</font></a></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11.5pt;">(*) Portions of this exhibit have been redacted in compliance with Regulation S-K Item 601(b)(10).</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11.5pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-weight:bold;font-size:11.5pt;"></font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;"></font></p></div><div style="margin-left:8.82352941176471%;margin-right:8.82352941176471%;">
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">

			<font style="display:inline;">3</font>

		</p>

</div></div><div style="margin-left:8.82352941176471%;margin-right:8.82352941176471%;page-break-after:always;"><div style="background-color:#000000;clear:both;height:2pt;border:0;margin:30pt 0pt 30pt 0pt;"></div></div><div style="margin-left:8.82352941176471%;margin-right:8.82352941176471%;"></div><div style="margin-left:8.82352941176471%;margin-right:8.82352941176471%;"><p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"><font style="display:inline;"></font>
		</p>
		<p style="margin:0pt 0pt 12pt 36pt;text-indent: -36pt;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-weight:bold;font-size:11.5pt;">SIGNATURES</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11.5pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11.5pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</font>
		</p>
		<p style="margin:0pt;text-indent:14.4pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11.5pt;">&nbsp;</font>
		</p>
		<div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 93.70%;">
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:278.90pt;padding:0pt;">
					<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
						<font style="display:inline;font-size:11.5pt;">Dated: April 21, 2020</font></p>
				</td>
				<td colspan="2" valign="top" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:193.35pt;padding:0pt;">
					<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
						<font style="display:inline;font-size:11.5pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:278.90pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 11pt;">
						<font style="display:inline;font-size:11.5pt;">&nbsp;</font></p>
				</td>
				<td colspan="2" valign="top" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:193.35pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 11pt;">
						<font style="display:inline;font-size:11.5pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:278.90pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 11pt;">
						<font style="display:inline;font-size:11.5pt;">&nbsp;</font></p>
				</td>
				<td colspan="2" valign="top" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:193.35pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 11pt;">
						<font style="display:inline;font-size:11.5pt;">MIDWEST HOLDING INC.</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:278.90pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 11pt;">
						<font style="display:inline;font-size:11.5pt;">&nbsp;</font></p>
				</td>
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					<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 11pt;">
						<font style="display:inline;font-size:11.5pt;">&nbsp;</font></p>
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					<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 11pt;">
						<font style="display:inline;font-size:11.5pt;">By:</font></p>
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				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:176.70pt;border-bottom:1pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 11pt;">
						<font style="display:inline;font-size:11.5pt;"> &nbsp;/s/ Mark A. Olive</font></p>
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			</tr>
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						<font style="display:inline;font-size:11.5pt;">&nbsp;</font></p>
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				<td colspan="2" valign="top" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:193.35pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 11pt;">
						<font style="display:inline;font-size:11.5pt;">Name: Mark A. Oliver</font></p>
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			</tr>
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				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:278.90pt;padding:0pt;">
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						<font style="display:inline;font-size:11.5pt;">&nbsp;</font></p>
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					<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 11pt;">
						<font style="display:inline;font-size:11.5pt;">Title:&nbsp;&nbsp;President</font></p>
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			<font style="display:inline;font-size:11.5pt;">&nbsp;</font>
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			<font style="display:inline;">4</font>

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{"company-data": {"conformed-name": "MIDWEST HOLDING INC.", "cik": "0000355379", "assigned-sic": "6311", "irs-number": "200362426", "state-of-incorporation": "NE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-10685", "film-number": "20805800"}, "business-address": {"street1": "8101 O STREET", "street2": "SUITE S111", "city": "LINCOLN", "state": "NE", "zip": "68510", "phone": "402-489-8266"}, "mail-address": {"street1": "8101 O STREET", "street2": "SUITE S111", "city": "LINCOLN", "state": "NE", "zip": "68510"}, "former-company": [{"former-conformed-name": "MIDWEST HOLDING INC", "date-changed": "20000101"}, {"former-conformed-name": "MIDWEST NATIONAL CORP", "date-changed": "19860123"}]}
mdwt_Current_Folio_8K_20200414
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 15, 2020
Midwest Holding Inc.
(Exact name of registrant as specified in its charter)
NEBRASKA
(State or other jurisdiction
000-10685
(Commission File Number)
20-0362426
(IRS Employer Identification No.)
of incorporation)
2900 South 70th Street, Suite 400
Lincoln, Nebraska 68506
(Address of principal executive offices) (Zip Code)
(402) 489-8266
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):\
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2 (b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4 (c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
☐
Item 1.01 – Entry into a Material Definitive Agreement.
Finalized on April 15, 2020, and effective as of January 1, 2020, American Life & Security Corp. ("American Life"), a wholly owned subsidiary of Midwest Holding Inc. ("Midwest"), entered into a Funds Withheld and Funds Paid Coinsurance Agreement (MYGA and FIA Business)  (the "Agreement") with US Alliance Life and Security Company, a reinsurance company organized under the laws of the State of Kansas (the "Reinsurer"). The Agreement provides, among other things, as follows:
1.
As of January 1, 2020 (the "Effective Date"), American Life ceded on a funds withheld coinsurance basis certain reinsured liabilities of its Multi Year Guarantee Annuities ("MYGA") and Fixed Income Annuity ("FIA") business (the "Reinsurance Treaty").
In general, under a
coinsurance
program, the reinsurer receives its agreed upon share of all of the risks and cash flows of the covered business.  The reinsurer receives its share of the premiums and benefits, and assets to support its share of the reserves transferred to the reinsurer.  However, in the case of the Agreement, under the "funds withheld"
coinsurance
program, American Life did not transfer the assets or the assets and the reserves underlying the ceded MYGA and FIA business to the Reinsurer, and American Life is required to pay interest to replace that which would have been earned by the Reinsurer if it had held the assets corresponding to the reserves in its own investment portfolio.
2.
The Reinsurer shall pay American Life an administrative expense fee ("Policy Expenses") to cover the cost of providing all administrative and other services necessary or appropriate in connection with the administration and distribution (including the product development fee) of the reinsured policies and the reinsured liabilities.
The Agreement remains in full force until (i) American Life has no further liabilities or obligations with respect to the policies that have been coinsured under the Agreement, (ii) the Agreement is terminated by mutual agreement of the parties.
The foregoing description of the Agreement is qualified by its actual language, and a copy of the Agreement is filed herewith as Exhibit 10.1 and is incorporated herein by reference in its entirety.
Item 9.01. Financial Statements and Exhibits.
(d)
Exhibits
.
The following exhibits are filed herewith:
Exhibit
Description
No.
10.1 (*)
Funds Withheld and Funds Paid Coinsurance Agreement (MYGA and FIA Business) between US Alliance Life and Security Company and American Life & Security Corp., effective as of January 1, 2020.
(*) Portions of this exhibit have been redacted in compliance with Regulation S-K Item 601(b)(10).
2
EXHIBIT INDEX
Exhibit
Description
No.
10.1 (*)
Funds Withheld and Funds Paid Coinsurance Agreement (MYGA and FIA Business) between US Alliance Life and Security Company and American Life & Security Corp., effective as of January 1, 2020..
(*) Portions of this exhibit have been redacted in compliance with Regulation S-K Item 601(b)(10).
3
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Dated: April 21, 2020
MIDWEST HOLDING INC.
By:
/s/ Mark A. Olive
Name: Mark A. Oliver
Title:  President
4