Summit Navigate 7 Rate & Reviews

Summit Navigate 7

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

Growth potential through both annual and term credits
Protection against losses during stock market downturns
Tax deferral, you pay no taxes until a withdrawal is taken
Stability, provided by A+ (Superior) rated Midland National® Life Insurance Company
Provide a legacy for loved ones or a favorite cause

Annuity payout options
In all states but Florida: With the exception of lifetime income options, income options are available from five to 20 years. Choose from:

Income for a specified period
Life income
Income for a specified amount
Joint and survivor life income
Life income with a period certain
Joint and survivor life income with a period certain.

For Florida: You may select an annuity payout option based on the accumulation value at any time after the first contract year. The following options are available:

Life income
Life income with a 10-year or 20-year period certain
Joint and survivor life income
Joint and survivor life income with a 10-year or 20-year period certain

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 Fidelity Multi Factor Yield 5% (ER) PTP Participation Rate with Annual Performance Credits	Term Participation & Annual Performance Annual	100% Participation 7.5% Performance triggered
1-Year BlackRock ESG US 5% ER PTP Participation Rate with Annual Performance Credits	Term Participation & Annual Performance Annual	100% Participation 7.3% Performance triggered
7-Year Fixed Account	Fixed	4.3% Fixed

Surrender schedule

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