MNL Capital Income Rate & Reviews

MNL Capital Income

The Midland National Capital Income is a single premium deferred fixed index annuity. This annuity provides an accumulation value that may earn interest through a fixed account and various index accounts (if selected). While the fixed account earns a fixed rate of interest each year, index accounts earn interest credits based on how an underlying index performs. Interest credits are guaranteed to never be less than zero. This annuity also provides several options for accessing funds.

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
7-Year Fixed Account	Fixed	4% Fixed
1-Year Fidelity Multifactor Yield 5% ER PTP Participation Rate	Point to Point Annual	170% Participation
1-Year S&P 500 PTP Participation Rate with Spread	Point to Point Annual	50% Participation 2% Spread
1-Year S&P 500 PTP Cap	Point to Point Annual	7.5% Cap

Surrender schedule

Year	1	2	3	4	5	6	7
Penalty	6%	6%	5%	4%	3%	3%	2%

Riders

Name	Inbuilt	Fee
Capital Income GLWB Level	Yes	1.00% annually
Capital Income GLWB Increasing	Yes	1.00% annually