MNL Endeavor 8
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Highlights
MNL Endeavor 8 is a deferred, flexible-premium, fixed index annuity. The value will grow at a rate based on the fixed or index account (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 premium will never be at risk of decreasing due to those losses.
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, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY
|
Type
|
Fixed Index
|
|---|---|
|
Term
|
8 Years |
|
Surrender schedule
|
10%10%10%10%9%8%5%3% |
|
Free withdrawal
|
1st year: 0% 2nd+ year: 10% |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Minimum contribution
|
$20,000 |
|
Types of funds
|
Non-Qualified, IRA, Spousal IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, Inherited IRA, NQ Stretch, and TSP |
Brochure
|
Open brochure |
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
3.45%
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
|
195%
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
|
3.5%
Spread
|
| 2-Year S&P MARC 5% ER PTP Participation Rate |
Point to Point
Biennial
|
200%
Participation
|
| 1-Year Nasdaq-100 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
2.1%
Cap
|
| 1-Year S&P 500 LV DRC 5% TR PTP Spread |
Point to Point
Annual
|
3.5%
Spread
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
30%
Participation
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
7%
Cap
|
| 1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
1.9%
Cap
|
| 1-Year S&P MARC 5% ER PTP Participation Rate |
Point to Point
Annual
|
150%
Participation
|
| 1-Year S&P 500 Inverse Performance Triggered |
Inverse Perf Triggered
Annual
|
8.75%
Performance triggered
|
| 1-Year Fixed Account |
Fixed
|
3.75%
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
|
230%
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
|
7%
Cap
|
| 2-Year S&P 500 LV DRC 8% TR PTP Spread |
Point to Point
Biennial
|
2.7%
Spread
|
| 2-Year S&P MARC 5% ER PTP Participation Rate |
Point to Point
Biennial
|
230%
Participation
|
| 1-Year S&P MARC 5% ER PTP Participation Rate |
Point to Point
Annual
|
165%
Participation
|
| 1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
2.2%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
7.75%
Cap
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
35%
Participation
|
| 1-Year S&P 500 LV DRC 5% TR PTP Spread |
Point to Point
Annual
|
3%
Spread
|
| 1-Year Nasdaq-100 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
2.3%
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% |