Fixed index annuity review and rates

MNL Accelerate 5

MNL Accelerate 5 is a short term five year fixed index deferred annuity. MNL Accelerate 5 offers industry-leading index accounts designed to help reduce the impact of market volatility. The value will grow at a rate based on the fixed or index accounts you choose. Index accounts are tied to market performance, but they are not an actual investment in the stock market. In other words, you’ll get credit for some of the market’s growth in up times. In down times, when the market sees zero gains or actually loses value, your accumulation value will never be at risk of decreasing due to those losses. 
Available in states: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY

Allocation Accounts

Name Type Rates
5-Year Fixed Account
Fixed
3.5% Fixed
1-Year BlackRock ESG US 5% PTP Participation Rate
Point to Point
Annual
135% Participation
1-Year Fidelity Multifactor Yield 5% ER PTP Participation Rate
Point to Point
Annual
140% Participation
1-Year S&P MARC 5% ER PTP Participation Rate
Point to Point
Annual
135% Participation
1-Year BlackRock ESG US 5% PTP Enhanced Participation Rate
Point to Point
Annual
175% Participation
1-Year Fidelity Multifactor Yield 5% ER PTP Enhanced Participation Rate
Point to Point
Annual
185% Participation
1-Year S&P MARC 5% ER PTP Enhanced Participation Rate
Point to Point
Annual
175% Participation

Surrender schedule

Year 1 2 3 4 5
Penalty 9% 8% 7% 6% 5%
Midland National Life Insurance Company
Founded: 1906
A.M. Best: A+
Fitch: A+
S&P: A+
Carrier details
Free withdrawal
1st year: 0%
2nd+ year: 10%
Surrender schedule
5 years
Return of premium
Market value adjustment
Minimum contribution
$20,000
Types of funds
Non-Qualified, IRA, IRA Rollover, IRA Transfer, TSA 403b, SEP IRA, IRA-Roth, 1035 Exchange, Inherited IRA, NQ Stretch, and TSP