Fixed index annuity review and rates

MNL IndexBuilder 10 Low Band (State Variation)

The MNL IndexBuilder 10 is a flexible premium, fixed index annuity that offers you growth potential for your retirement assets but also protection from losses due to downside market fluctuations 
Available in states: AK, CA, CT, DE, HI, ID, MN, MO, MT, NV, NJ, OH, OK, OR, PA, SC, TX, UT, VA, and WA

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
2.6% 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
160% Participation
1-Year S&P 500 LV DRC 5% TR PTP Spread
Point to Point
Annual
2.25% Spread
1-Year S&P MARC 5% ER PTP Participation Rate
Point to Point
Annual
100% Participation
2-Year S&P MARC 5% ER PTP Participation Rate
Point to Point
Biennial
145% Participation
1-Year S&P 500 PTP Monthly Sum Cap
Point to Point
Annual
Monthly sum
2% Cap
1-Year S&P 500 PTP Cap
Point to Point
Annual
5.25% Cap
2-Year BlackRock ESG US 5% ER PTP Enhanced Participation Rate
Point to Point
Biennial
210% Participation
1-Year BlackRock ESG US 5% ER PTP Enhanced Participation Rate
Point to Point
Annual
145% Participation
2-Year Fidelity Multifactor Yield 5% ER PTP Enhanced Participation Rate
Point to Point
Biennial
225% Participation
1-Year Fidelity Multifactor Yield 5% ER PTP Enhanced Participation Rate
Point to Point
Annual
155% Participation
2-Year S&P MARC 5% ER PTP Enhanced Participation Rate
Point to Point
Biennial
210% Participation
1-Year S&P MARC 5% ER PTP Enhanced Participation Rate
Point to Point
Annual
145% Participation
1-Year BlackRock ESG US 5% ER PTP Spread
Point to Point
Annual
2-Year BlackRock ESG US 5% ER PTP Participation Rate
Point to Point
Biennial
150% Participation
2-Year S&P 500 LV DRC 8% PTP Participation Rate
Point to Point
Biennial
55% Participation
1-Year S&P 500 Inverse Performance Triggered
Inverse Perf Triggered
Annual
6.5% Performance triggered

Surrender schedule

Year 1 2 3 4 5 6 7 8 9 10
Penalty 9% 9% 8% 7% 6% 5% 4% 3% 2% 1%
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%
Premium bonus
5%
Surrender schedule
10 years
Return of premium
Market value adjustment
Minimum contribution
$20,000
Types of funds
Non-Qualified, 401k, IRA, Spousal IRA, IRA Rollover, 401a, IRA Transfer, TSA 403b, SEP IRA, IRA-Roth, and TSP