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MNL Accelerate 5 (OR Only)

The MNL Accelerate 5 (OR Only) is a great annuity option for the future-mindful retiree. It provides consistent income that ensures your retirement is worry-free. The security it provides is unparalleled.

This annuity stands out for its simplicity and reliability. It promises steady growth of your investment over time. No unpleasant surprises, just steady progress towards your retirement goals. Truly, a smart choice for a stress-free future.

MNL Accelerate 5 (OR Only)

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About Product

Type

Fixed Index

Purpose

Accumulation

Term

5 Years

Surrender schedule

Fee withdrawal:

10%

Market Value Adjustment

Yes

Return Of Premium

Minimum Contribution

$20,000

Maximum Contribution

$2,000,000

Max Age Qualified

Types Of Funds

Non-Qualified, IRA, IRA Rollover, IRA Transfer, TSA 403b, SEP IRA, IRA-Roth, 1035 Exchange, Inherited IRA, NQ Stretch, and TSP

Launch Date

03/30/2021

MNL Accelerate 5 is a short term five year fixed index deferred annuity. MNL Accelerate 5 offers industry-leading index accounts designed to help reduce the impact of market volatility. The value will grow at a rate based on the fixed or index accounts you choose. Index accounts are tied to market performance, but they are not an actual investment in the stock market. In other words, you’ll get credit for some of the market’s growth in up times. In down times, when the market sees zero gains or actually loses value, your accumulation value will never be at risk of decreasing due to those losses.

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.

Available in states: OR

Allocation Accounts

Name	Type	Rates
5-Year Fixed Account	Fixed	4.25% Fixed
1-Year BlackRock ESG US 5% PTP Participation Rate Guaranteed for Term	Point to Point Annual	170% Participation
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 BlackRock ESG US 5% PTP Enhanced Participation Rate Guaranteed for Term	Point to Point Annual	205% 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

Surrender schedule

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

Riders

No Riders for MNL Accelerate 5 (OR Only) annuity.

Waivers

Nursing Home

Unavailable in states: 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

Premium
$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.

Company Founded: 1906

TOP Rated Company

Midland National Life Insurance Company

Company Ratings

4.2