MNL Endeavor 8
The MNL Endeavor 8 Annuity is a smart retirement pick. It gives solid returns and offers an impressive 8-year interest rate guarantee. You can put your mind at ease knowing you've secured steady income for your golden years. Right when you need it.
You'll love the flexibility. You can start receiving payments immediately or defer them to a later date. Plus, MNL Endeavor 8 has your back with death benefit options in case of the unexpected. Retirement planning has never been this seamless.
MNL Endeavor 8
About Product
Allocation Accounts
Name | Type | Rates |
---|---|---|
1-Year Fixed Account |
Fixed
|
3.3%
Fixed
|
1-Year Fidelity Multifactor Yield 5% ER PTP Spread |
Point to Point
Annual
|
0.75%
Spread
|
2-Year Fidelity Multifactor Yield 5% ER PTP Participation Rate |
Point to Point
Biennial
|
190%
Participation
|
1-Year S&P 500 PTP Daily Average Spread |
Point to Point
Annual
Daily average
|
4%
Spread
|
1-Year S&P 500 LV DRC 5% TR PTP Cap |
Point to Point
Annual
|
5.75%
Cap
|
2-Year S&P 500 LV DRC 8% TR PTP Spread |
Point to Point
Biennial
|
3.05%
Spread
|
2-Year S&P MARC 5% ER PTP Participation Rate |
Point to Point
Biennial
|
195%
Participation
|
1-Year Nasdaq-100 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
2.25%
Cap
|
1-Year S&P 500 LV DRC 5% TR PTP Spread |
Point to Point
Annual
|
4%
Spread
|
1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
35%
Participation
|
1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
7.75%
Cap
|
1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
1.85%
Cap
|
1-Year S&P MARC 5% ER PTP Participation Rate |
Point to Point
Annual
|
140%
Participation
|
1-Year S&P 500 Inverse Performance Triggered |
Inverse Perf Triggered
Annual
|
8.75%
Performance triggered
|
1-Year Fixed Account |
Fixed
|
3.6%
Fixed
|
1-Year Fidelity Multifactor Yield 5% ER PTP Spread |
Point to Point
Annual
|
|
2-Year Fidelity Multifactor Yield 5% ER PTP Participation Rate |
Point to Point
Biennial
|
225%
Participation
|
1-Year S&P 500 PTP Daily Average Spread |
Point to Point
Annual
Daily average
|
3%
Spread
|
1-Year S&P 500 LV DRC 5% TR PTP Cap |
Point to Point
Annual
|
6%
Cap
|
2-Year S&P 500 LV DRC 8% TR PTP Spread |
Point to Point
Biennial
|
2.75%
Spread
|
2-Year S&P MARC 5% ER PTP Participation Rate |
Point to Point
Biennial
|
225%
Participation
|
1-Year S&P MARC 5% ER PTP Participation Rate |
Point to Point
Annual
|
155%
Participation
|
1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
2.15%
Cap
|
1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
8.5%
Cap
|
1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
40%
Participation
|
1-Year S&P 500 LV DRC 5% TR PTP Spread |
Point to Point
Annual
|
3.5%
Spread
|
1-Year Nasdaq-100 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
2.35%
Cap
|
1-Year S&P 500 Inverse Performance Triggered |
Inverse Perf Triggered
Annual
|
9.5%
Performance triggered
|
Surrender schedule
Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
---|---|---|---|---|---|---|---|---|
Penalty | 10% | 10% | 10% | 10% | 9% | 8% | 5% | 3% |
Riders
No Riders for MNL Endeavor 8 annuity.
Waivers
Nursing Home
Unavailable in states: CA, and MA
For those 75 years old and under when your annuity is issued, you’ll automatically get a benefit at no additional cost that helps you out if you ever need the services of a qualified nursing home facility. After your first contract anniversary, a qualifying stay of at least 90 consecutive days will grant you a 10% increase in the penalty-free amount you can withdraw each year you remain in the nursing home. You can spend these funds on whatever you would like. The nursing home waiver does not include home health care.
Premium Notes
Withdrawal Provisions
Penalty-free withdrawals Like most annuities, you’ll be limited in when and how much you can withdraw from your annuity penalty-free. 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 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. Withdrawals may be treated by the government as ordinary income. If taken before age 59 1/2, you may also have to pay a 10% IRS penalty. Withdrawals will reduce your accumulation value accordingly.By current company practice*, we’ll waive surrender charges and interest adjustments on any portion of an IRS-required minimum distribution that goes beyond what’s available to you penalty-free.*A feature offered “by current company practice” is not a contractual guarantee of this annuity contract and can be removed or changed at any time.
- A.M. Best A+
- Fitch A+
- S&P A+
- Comdex 89