Fixed index annuity review and rates

MNL IncomeVantage Pro

This single-premium, fixed index annuity with a built-in withdrawal benefit rider* is designed to provide you flexibility in retirement planning with a variety of benefits.
* Rider is included for no annual charge.
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
3.5% Fixed
1-Year S&P 500 PTP Monthly Sum Cap
Point to Point
Annual
Monthly sum
2.5% Cap
1-Year S&P 500 PTP Cap
Point to Point
Annual
7% Cap
1-Year S&P 500 LV DRC 5% TR PTP Spread
Point to Point
Annual
0.75% Spread
2-Year S&P MARC 5% ER PTP Participation Rate
Point to Point
Biennial
190% Participation
1-Year S&P MARC 5% ER PTP Participation Rate
Point to Point
Annual
135% Participation
2-Year Fidelity Multi Factor Yield 5% ER PTP Participation Rate
Point to Point
Biennial
200% Participation
1-Year Fidelity Multi Factor Yield 5% ER PTP Spread
Point to Point
Annual
1-Year BlackRock ESG US 5% ER PTP Enhanced Participation Rate
Point to Point
Annual
195% Participation
1-Year S&P MARC 5% ER PTP Enhanced Participation Rate
Point to Point
Annual
190% Participation
2-Year S&P MARC 5% ER PTP Enhanced Participation Rate
Point to Point
Biennial
275% Participation
2-Year Fidelity Multi Factor Yield 5% ER PTP Enhanced Participation Rate
Point to Point
Biennial
300% Participation
1-Year BlackRock ESG US 5% ER PTP Spread
Point to Point
Annual
2-Year S&P 500 LV DRC 8% TR PTP Spread
Point to Point
Biennial
2% Spread
2-Year BlackRock ESG US 5% ER PTP Participation Rate
Point to Point
Biennial
190% Participation
1-Year S&P 500 Inverse Performance Triggered
Inverse Perf Triggered
Annual
8% Performance triggered

Surrender schedule

Year 1 2 3 4 5 6 7 8 9 10
Penalty 10% 10% 10% 10% 10% 9% 8% 6% 4% 2%

Riders

Name Inbuilt Fee
IncomeVantage Pro WBR Yes None
IncomeVantage Pro Increasing WBR Yes None
IncomeVantage Pro WBR (CA) Yes None
IncomeVantage Pro Increasing WBR(CA) Yes None
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: 5%
Surrender schedule
10 years
Return of premium
Market value adjustment
Minimum contribution
$20,000
Types of funds
Non-Qualified, IRA, and TSP