MNL Income Planning Annuity

The MNL Income Planning Annuity is a fantastic tool for those approaching retirement or needing a reliable income. This product stands out with dependable returns and the flexibility to adjust to your life's changes.

Protecting your hard-earned savings while growing your nest egg is their forte. Peace of mind and security - that's what you get with MNL Income Planning Annuity.

MNL Income Planning Annuity

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About Product

Type

Fixed Index

Purpose

Lifetime Income

Term

10 Years

Surrender schedule

10%

Fee withdrawal:

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, SEP IRA, IRA-Roth, and TSP

Launch Date

05/07/2019

With the MNL Income Planning Annuity, you can rest confidently knowing what your guaranteed payout will be. While life doesn’t always offer the same kind of guarantees, the GLWB helps protect you for some of the unpredictable “what ifs” in life.

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	2.5% Fixed
2-Year Fidelity Multifactor Yield 5% ER PTP Participation Rate	Point to Point Biennial	160% Participation
1-Year Fidelity Multifactor Yield 5% ER PTP Spread	Point to Point Annual
1-Year S&P 500 LV DRC 5% TR PTP Cap	Point to Point Annual	5% Cap
1-Year S&P 500 LV DRC 5% TR PTP Spread	Point to Point Annual	2% Spread
2-Year S&P 500 LV DRC 8% TR PTP Spread	Point to Point Biennial	3.5% Spread
1-Year S&P 500 PTP Daily Average Spread	Point to Point Annual Daily average	5% Spread
1-Year S&P 500 PTP Monthly Average Cap	Point to Point Annual Monthly average	2% Cap
1-Year S&P 500 PTP Cap	Point to Point Annual	5% Cap
1-Year S&P 500 PTP Participation Rate	Point to Point Annual	25% Participation
1-Year S&P MARC 5% ER PTP Participation Rate	Point to Point Annual	100% Participation
2-Year S&P MARC 5% ER PTP Participation Rate	Point to Point Biennial	150% Participation
1-Year Nasdaq-100 PTP Monthly Sum Cap	Point to Point Annual Monthly sum	2.1% Cap
1-Year S&P 500 Inverse Performance Triggered	Inverse Perf Triggered Annual	6% Performance triggered

Surrender schedule

Year	1	2	3	4	5	6	7	8	9	10
Penalty	10%	10%	10%	10%	10%	9%	8%	6%	4%	2%

Riders

Name	Inbuilt	Fee
MNL Income Planning Rider	Yes	1.25% annually

Waivers

Nursing Home

Unavailable in states: CA, and SD

After your first contract year, if you become confined to a qualified nursing care facility for 90 consecutive days, you can withdraw 100% of your accumulation value without a surrender charge and without application of an MVA. You cannot be confined at the time your contract is issued. This rider is automatically included with your annuity at no additional charge. If joint annuitants are named on the annuity, waiver will apply to the first annuitant who qualifies for the benefit, but not both. The nursing home waiver does not include home health care.