LiveWell Dynamic 2.0 Annuity

First established in 1906, the Midland National Life Insurance Company has become a prominent figure in the life insurance and annuities market. With a goal to provide fixed annuities and life insurance products to individuals and families across the US, Midland National seeks to preserve its clients’ legacies. Their financial strength and stability are reflected through consistently high ratings from largescale rating firms, including A.M. Best, Standard and Poor’s, and even Fitch Ratings.

Midland National Life Insurance Company
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LiveWell Dynamic 2.0 Annuity-brochure LiveWell Dynamic 2.0 Annuity-brochure

LiveWell Dynamic 2.0 Annuity

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Ratings:

  • A.M. Best A+
  • Fitch A+
  • S&P A+
  • Comdex 89

About Product

Type
Registered Index-Linked
Purpose
Accumulation & Legacy
Term
6 Years
Surrender schedule
8%7%6%5%4%3%
Fee withdrawal:
10%
Flexible premium
Product Life
Market Value Adjustment
No x
Return Of Premium
No x
Minimum Contribution
$25,000
Maximum Contribution
$2,000,000
Max Age Qualified
85
Types Of Funds
Non-Qualified, IRA, IRA Rollover, IRA Transfer, IRA-Roth, and 1035 Exchange
Launch Date
11/13/2023
The Live Well Dynamic Annuity Contract is a flexible premium deferred registered index and variable annuity that is designed to aid in long-term financial planning for retirement or other savings needs. It is available for purchase as a Non-Qualified Contract, as well as through Individual Retirement Accounts (“IRAs”), including Traditional IRAs and Roth IRAs.

For information about this product, please visit  http://SRSLiveWell.com

Please note: a separate version of this product is available in MO, NE, UT, and VT states.
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, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY

Allocation Accounts

Name Type Rates
1-Year S&P 500 PTP Cap with 10% Buffer
Point to Point
Annual
14% Cap
1-Year S&P 500 PTP Cap with -10% Floor
Point to Point
Annual
12.75% Cap
3-Year S&P 500 PTP Cap with -10% Floor
Point to Point
Triennial
30% Cap
3-Year S&P 500 PTP Cap with 10% Buffer
Point to Point
Triennial
65% Cap
6-Year S&P 500 PTP Cap with -10% Floor
Point to Point
6-Year
60% Cap
6-Year S&P 500 PTP Cap with 20% Buffer
Point to Point
6-Year
275% Cap
6-Year S&P 500 PTP Cap with 30% Buffer
Point to Point
6-Year
65% Cap
1-Year MSCI EAFE PTP Cap with 10% Buffer
Point to Point
Annual
20% Cap
1-Year Russell 2000 PTP Cap with 10% Buffer
Point to Point
Annual
19.5% Cap
1-Year S&P 500 PTP Cap with 30% Buffer
Point to Point
Annual
9% Cap
6-Year S&P 500 PTP Participation Rate with 10% Buffer
Point to Point
6-Year
110% Participation
1-Year Nasdaq-100 Max 30 PTP Cap with 10% Buffer
Point to Point
Annual
40% Cap
1-Year Nasdaq-100 Max 30 PTP Cap with 30% Buffer
Point to Point
Annual
12.5% Cap
6-Year Nasdaq-100 Max 30 PTP Participation Rate with 10% Buffer
Point to Point
6-Year
130% Participation
6-Year MSCI EAFE PTP Participation Rate with 10% Buffer
Point to Point
6-Year
110% Participation
6-Year Nasdaq-100 Max 30 PTP Cap with 30% Buffer Uncapped
Point to Point
6-Year
6-Year Nasdaq-100 Max 30 PTP Participation Rate with 20% Buffer
Point to Point
6-Year
115% Participation

Surrender schedule

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

Riders

Name Inbuilt Fee
Return of Premium Death Benefit rider No 0.20% annually
Waiver of Surrender Charge rider Yes 0.30% annually

Waivers

No Waivers for LiveWell Dynamic 2.0 Annuity annuity.

Premium Notes

Any person wishing to purchase a Contract must submit an application form and an initial premium payment of at least $25,000. The sale must take place through a representative who is licensed, registered and authorized to sell the Contract. The maximum Issue Age for the Contract is 85 years.

Minimum investment
$25,000; maximum investment is $2,000,000

Minimum additional premiums
$1,000 or $100 for premiums made through monthly electronic funds transfer (EFT) 

Withdrawal Provisions

Death benefit
Equal to the accumulation value at the time of proof of owner’s death is received.

Return of Premium Death Benefit rider (0.20% annual charge)
Available for issue ages 0-75. Greater of the accumulation value or return of premium (premiums paid, adjusted for withdrawals). Death benefit value is determined when proof of death is received, payment type is elected, and any other applicable forms are in good order.

Free withdrawal amount
Starting in year two, the free withdrawal amount is 10% of remaining premiums less than six years old at the beginning of the contract year, or RMD, if greater. Any remaining premiums six years old or older is also considered a free withdrawal and no penalties would apply.

Waiver of Surrender Charge rider (0.30% annual charge)
Creates a fully liquid contract. Withdrawals can be taken with no surrender charges 

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