Ratings:

A.M. Best A+
Fitch A+
S&P A+
Comdex 89

James Alden

Experienced Financial Advisor

25 years

experience

3,712

career consultations

Your Name

Your Phone

Thank you for your trust! I have received your contact information. Please wait for a call within 30 minutes. 😌

MNL Income Planning Annuity

First established in 1906, the Midland National Life Insurance Company has become a prominent figure in the life insurance and annuities market. With a goal to provide fixed annuities and life insurance products to individuals and families across the US, Midland National seeks to preserve its clients’ legacies. Their financial strength and stability are reflected through consistently high ratings from largescale rating firms, including A.M. Best, Standard and Poor’s, and even Fitch Ratings.

MNL Income Planning Annuity

Your Email

Ratings:

A.M. Best A+
Fitch A+
S&P A+
Comdex 89

About Product

Type

Fixed Index

Purpose

Lifetime Income

Term

10 Years

Surrender schedule

10%10%10%10%10%9%8%6%4%2%

Fee withdrawal:

Market Value Adjustment

Yes

Return Of Premium

Minimum Contribution

$20,000

Maximum Contribution

$1,000,000

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.

ADL

Unavailable in states: CA

LPA multiplier can double LPA for up to five years if unable to perform two of six activities of daily living (ADLs)

Premium Notes

The amount paid to the insurance company to fund an annuity. $20,000 minimum (qualified and non-qualified)

Note: if eligible you may roll over TSP to us to be administered as a qualified tax status that we offer.