Lightstone backs Heartland National Life

Lightstone has closed on a strategic investment in The McDaniel Company, the parent company of Heartland National Life .

Lightstone will support Heartland’s next phase of growth by providing capital resources, investment expertise, and strategic support to expand Heartland’s annuity and supplemental health product offerings.

The deal includes leadership updates, with Nick Micheletti becoming president, while Lightstone executives take roles across the board and investment function, including Moshe Lichtenstein as chief investment officer.

“Lightstone has a long history of identifying durable, long-term investment opportunities. This partnership with Heartland reflects our shared commitment to thoughtful growth, conservative asset management, and expanding access to high-quality retirement and insurance products.” – Mitchell Hochberg, President of Lightstone.

“This transaction represents our long-term commitment to creating value for our policyholders, distribution partners, and shareholders. By combining Heartland’s insurance expertise with Lightstone’s disciplined investment approach, we are well-positioned to deliver certainty, security, and innovative solutions for American retirees and their families.” – Christopher M. McDaniel, Chairman and CEO of Heartland National Life.

“We believe the best results come from focused, intentional partnerships. Our priority is building a best-in-class platform with distribution partners who value strong products, financial stability, and long-term relationships.” – Nick Micheletti, President of Heartland National Life.