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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

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Your State

Investment

Your Gender

Your Age

Retire At

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About Product

Type

Fixed Index

Purpose

Accumulation

Term

8 Years

Surrender schedule

10%

Fee withdrawal:

10%

Flexible premium

Product Life

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, Spousal IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, Inherited IRA, NQ Stretch, and TSP

Launch Date

10/15/2010

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

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

The MNL Endeavor 8 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 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.

Company Founded: 1906

TOP Rated Company

Midland National Life Insurance Company

Company Ratings

4.2