Fixed annuity review and rates

MNL Guarantee Pro

MNL Guarantee Pro can help protect your retirement savings, while also offering the potential for higher interest rates. You have the ability to take some withdrawals penalty-free, and after the initial three, five, or seven-year guarantee period you get to choose to renew your annuity at a new guaranteed interest rate either at a three, five, or seven-year period, or you can choose to start drawing income from the annuity.
A premium of $20,000 or more is required for this single premium product, whether qualified or non-qualified.

Issue ages
Available to issue ages 0-90 (qualified and non-qualified)
For issue ages 0-17, a Uniform Gift to Minors Act (UGMA) or Uniform Transfers to Minors Act (UTMA) custodial account must be established.

Penalty-free withdrawals
After the first contract anniversary, you may choose to take a penalty-free withdrawal (also known as a penalty-free partial surrender) equal to the interest earned in the prior contract year. If you withdraw more than interest earned in a year, a surrender charge and market value adjustment may apply.

Market value adjustment
Your contract also includes an MVA feature, which may decrease or increase your surrender value depending on the change in the market value adjustment external index rate since the start of the term. Due to the mechanics of an MVA, surrender values decrease as the MVA external index rate rises. When the MVA external index rate decreases, the surrender value increases. However, the MVA is limited to the surrender charge or the interest credited to the accumulation value.

Note: if eligible you may roll over TSP to us to be administered as a qualified tax status that we offer.

Interest Rates

Guaranteed Years Surrender Years Guaranteed Yield Current Yield
3 3 3.65% 3.65%
3 3 4.05% 4.05%
5 5 4.35% 4.35%
5 5 4.6% 4.6%
7 7 4.4% 4.4%
7 7 4.7% 4.7%
3 3 3.65% 3.65%
3 3 4.05% 4.05%
5 5 4.35% 4.35%
5 5 4.6% 4.6%
Midland National Life Insurance Company
Founded: 1906
A.M. Best: A+
Fitch: A+
S&P: A+
Carrier details
Free withdrawal
0%
Types of funds
Non-Qualified, IRA, TSA 403b, and TSP