Step 1: Problem Definition. We are analyzing a steady-state heat conduction scenario. The insulated end of the shorter rod is at 55°C, and both rods are in an environment at 40°C. Temperature distribution in both rods will adhere to Fourier's law of heat conduction.
Step 2: Symmetry Application. Given identical material, diameter, and ambient conditions for both rods, a similar linear temperature gradient is anticipated.
The shorter rod has a 55°C temperature at its insulated end and 100°C at its heated end, indicating a 45°C temperature difference over length L.
Step 3: Longer Rod Midpoint Temperature Estimation. For the longer rod, with a heated end at 100°C and the same linear temperature gradient, the temperature at the midpoint is calculated as:
\[ \text{Temperature at midpoint} = 100 - \left(\frac{100 - 40}{2}\right) = 50°C \]
Final Answer: \[ \boxed{50°C} \]