MNL Accelerate 5
The MNL Accelerate 5 is a wonderful annuity product that assures steady income post-retirement. It's like a safety net for your golden years, ensuring you enjoy life without financial worries.
The plan stands out for its flexibility and reliability. You can decide when your payouts start, providing great control over your financial planning. You've saved hard, now let your money work for you.
MNL Accelerate 5
About Product
Lock in a guaranteed participation rate
Having a guaranteed participation rate means that regardless of index performance, your participation rates won’t go down over the 5-year surrender charge period, and is only subject to change annually after that.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 5-Year Fixed Account |
Fixed
|
4.25%
Fixed
|
| 1-Year Fidelity Multifactor Yield 5% ER PTP Participation Rate Guaranteed for Term |
Point to Point
Annual
|
185%
Participation
|
| 1-Year S&P MARC 5% ER PTP Participation Rate Guaranteed for Term |
Point to Point
Annual
|
185%
Participation
|
| 1-Year Fidelity Multifactor Yield 5% ER PTP Enhanced Participation Rate Guaranteed for Term |
Point to Point
Annual
|
220%
Participation
|
| 1-Year S&P MARC 5% ER PTP Enhanced Participation Rate Guaranteed for Term |
Point to Point
Annual
|
220%
Participation
|
| 1-Year S&P 500 Dynamic Intraday TCA PTP Participation Rate Guaranteed for Term |
Point to Point
Annual
|
65%
Participation
|
| 1-Year S&P 500 Dynamic Intraday TCA PTP Enhanced Participation Rate Guaranteed for Term |
Point to Point
Annual
|
80%
Participation
|
| 1-Year Nasdaq-100 Volatility Control 12% PTP Participation Rate Guaranteed for Term |
Point to Point
Annual
|
75%
Participation
|
| 1-Year Nasdaq-100 Volatility Control 12% PTP Enhanced Participation Rate Guaranteed for Term |
Point to Point
Annual
|
90%
Participation
|
| 1-Year S&P 500 PTP Cap Guaranteed for Term |
Point to Point
Annual
|
8%
Cap
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 |
|---|---|---|---|---|---|
| Penalty | 9% | 8% | 7% | 6% | 5% |
Riders
No Riders for MNL Accelerate 5 annuity.
Waivers
Nursing Home
Unavailable in states: CA, and SD
After the first contract anniversary, if the annuitant becomes confined to a qualified nursing care center, as defined in the rider, up to 100% of the accumulation value is available each year while the annuitant is confined. If 100% of the accumulation value is taken, it will be considered a full surrender. This waiver is automatically included with your annuity for ages 75 or less at no additional charge. If joint annuitants are named on the annuity, the waiver will apply to the first annuitant who qualifies for the benefit. The nursing home waiver does not include home health care.
Premium Notes
$20,000 minimum for non-qualified and qualified premium.
Issue ages
The MNL Accelerate 5 is available at issue ages 0-85 (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.
Withdrawal Provisions
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) of up to 10% of the beginning of year accumulation value each year. If you withdraw more than that, a surrender charge and market value adjustment may apply. After the surrender charge period, surrender charges and a market value adjustment will no longer apply. By current company practice, we’ll waive surrender charges and market value adjustments on any portion of an IRS-required minimum distribution that goes beyond what’s available to you penalty-free.
- A.M. Best A+
- Fitch A+
- S&P A+
- Comdex 89
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