Summit Edge 7 Rate & Reviews

Summit Edge 7

The Summit Edge Fixed Index Annuity may be a good fit if you want:

Protection against losses during stock market downturns
Growth potential through multiple index options and crediting methods
Guarantees through the certainty of a fixed rate option
Stability provided by A+ rated Midland National® Life Insurance Company
Tax deferral
Death benefit to help provide a legacy to loved ones or a favorite cause
Access to additional features including:
- Penalty-free withdrawals
- Nursing home confinement waiver
- Flexible payout options

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	3.35% Fixed
2-Year BlackRock ESG US 5% ER PTP Enhanced Participation Rate	Point to Point Biennial	270% Participation
1-Year BlackRock ESG US 5% ER PTP Enhanced Participation Rate	Point to Point Annual	190% Participation
2-Year BlackRock ESG US 5% ER PTP Participation Rate	Point to Point Biennial	190% Participation
1-Year BlackRock ESG US 5% ER PTP Participation Rate	Point to Point Annual	140% Participation
1-Year S&P 500 LV DRC 5% TR PTP Spread	Point to Point Annual	2.5% Spread
2-Year S&P MARC 5% ER PTP Participation Rate	Point to Point Biennial	195% Participation
1-Year S&P MARC 5% ER PTP Participation Rate	Point to Point Annual	140% Participation
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	9.25% Cap
1-Year S&P 500 PTP Monthly Sum Cap	Point to Point Annual Monthly sum	2.7% Cap
1-Year Fidelity Multifactor Yield 5% ER PTP Participation Rate	Point to Point Annual	150% Participation
2-Year Fidelity Multifactor Yield 5% ER PTP Participation Rate	Point to Point Biennial	210% Participation
1-Year Fidelity Multifactor Yield 5% ER PTP Enhanced Participation Rate	Point to Point Annual	200% Participation
2-Year Fidelity Multifactor Yield 5% ER PTP Enhanced Participation Rate	Point to Point Biennial	280% Participation
1-Year S&P 500 Inverse Performance Triggered	Inverse Perf Triggered Annual	7.75% Performance triggered
1-Year Fixed Account	Fixed	3.6% Fixed
2-Year BlackRock ESG US 5% ER PTP Enhanced Participation Rate	Point to Point Biennial	280% Participation
1-Year BlackRock ESG US 5% ER PTP Enhanced Participation Rate	Point to Point Annual	200% Participation
2-Year BlackRock ESG US 5% ER PTP Participation Rate	Point to Point Biennial	205% Participation
1-Year BlackRock ESG US 5% ER PTP Participation Rate	Point to Point Annual	150% Participation
1-Year S&P 500 PTP Monthly Sum Cap	Point to Point Annual Monthly sum	2.8% Cap
1-Year S&P 500 PTP Cap	Point to Point Annual	10.25% Cap
1-Year S&P 500 PTP Participation Rate	Point to Point Annual	35% Participation
1-Year S&P MARC 5% ER PTP Participation Rate	Point to Point Annual	150% Participation
2-Year S&P MARC 5% ER PTP Participation Rate	Point to Point Biennial	205% Participation
1-Year S&P 500 LV DRC 5% PTP Spread	Point to Point Annual	1.75% Spread
1-Year Fidelity Multifactor Yield 5% ER PTP Participation Rate	Point to Point Annual	160% Participation
2-Year Fidelity Multifactor Yield 5% ER PTP Participation Rate	Point to Point Biennial	225% Participation
1-Year Fidelity Multifactor Yield 5% ER PTP Enhanced Participation Rate	Point to Point Annual	210% Participation
2-Year Fidelity Multifactor Yield 5% ER PTP Enhanced Participation Rate	Point to Point Biennial	290% Participation
1-Year S&P 500 Inverse Performance Triggered	Inverse Perf Triggered Annual	8.25% Performance triggered

Surrender schedule

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

Riders

Name	Inbuilt	Fee
Summit Income Strategy Level	No	1.25% annually
Summit Income Strategy Increasing	No	1.25% annually