Fixed index annuity review and rates

MNL Endeavor 8

MNL Endeavor 8 is a deferred, flexible-premium, fixed index annuity. The value will grow at a rate based on the fixed or index account (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 premium 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
1-Year Fixed Account
Fixed
3.6% Fixed
1-Year Fidelity Multifactor Yield 5% ER PTP Spread
Point to Point
Annual
0.75% Spread
2-Year Fidelity Multifactor Yield 5% ER PTP Participation Rate
Point to Point
Biennial
190% Participation
1-Year S&P 500 PTP Daily Average Spread
Point to Point
Annual
Daily average
4% Spread
1-Year S&P 500 LV DRC 5% TR PTP Cap
Point to Point
Annual
8.75% Cap
2-Year S&P 500 LV DRC 8% TR PTP Spread
Point to Point
Biennial
2.05% Spread
2-Year S&P MARC 5% ER PTP Participation Rate
Point to Point
Biennial
180% Participation
1-Year Nasdaq-100 PTP Monthly Sum Cap
Point to Point
Annual
Monthly sum
2.5% Cap
1-Year S&P 500 LV DRC 5% TR PTP Spread
Point to Point
Annual
1% Spread
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
35% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
7.25% Cap
1-Year S&P 500 PTP Monthly Sum Cap
Point to Point
Annual
Monthly sum
2.5% Cap
1-Year S&P MARC 5% ER PTP Participation Rate
Point to Point
Annual
125% Participation
1-Year S&P 500 Inverse Performance Triggered
Inverse Perf Triggered
Annual
8.25% Performance triggered
1-Year Fixed Account
Fixed
3.9% Fixed
1-Year Fidelity Multifactor Yield 5% ER PTP Spread
Point to Point
Annual
2-Year Fidelity Multifactor Yield 5% ER PTP Participation Rate
Point to Point
Biennial
225% Participation
1-Year S&P 500 PTP Daily Average Spread
Point to Point
Annual
Daily average
3% Spread
1-Year S&P 500 LV DRC 5% TR PTP Cap
Point to Point
Annual
10% Cap
2-Year S&P 500 LV DRC 8% TR PTP Spread
Point to Point
Biennial
1.25% Spread
2-Year S&P MARC 5% ER PTP Participation Rate
Point to Point
Biennial
210% Participation
1-Year S&P MARC 5% ER PTP Participation Rate
Point to Point
Annual
140% Participation
1-Year S&P 500 PTP Monthly Sum Cap
Point to Point
Annual
Monthly sum
2.7% Cap
1-Year S&P 500 PTP Cap
Point to Point
Annual
8% Cap
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
40% Participation
1-Year S&P 500 LV DRC 5% TR PTP Spread
Point to Point
Annual
0.5% Spread
1-Year Nasdaq-100 PTP Monthly Sum Cap
Point to Point
Annual
Monthly sum
2.7% Cap
1-Year S&P 500 Inverse Performance Triggered
Inverse Perf Triggered
Annual
9% Performance triggered

Surrender schedule

Year 1 2 3 4 5 6 7 8
Penalty 10% 10% 10% 10% 9% 8% 5% 3%
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
8 years
Return of premium
Market value adjustment
Minimum contribution
$20,000
Types of funds
Non-Qualified, IRA, Spousal IRA, IRA Transfer, SEP IRA, IRA-Roth, Inherited IRA, NQ Stretch, and TSP