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MNL IncomeVantage Pro

The MNL IncomeVantage Pro is a superb choice for anyone planning for a secure future. It promises stable income, ensuring a worry-free retirement. Your money grows over time providing a safe nest egg.

With valuable features from inflation protection to a death benefit option, this annuity product offers peace of mind for retirees or those planning retirement. MNL IncomeVantage Pro is indeed a solid, reliable choice!

MNL IncomeVantage Pro

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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

02/25/2020

This single-premium, fixed index annuity with a built-in withdrawal benefit rider* is designed to provide you flexibility in retirement planning with a variety of benefits.
*Rider is included for no annual charge.

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	3.45% Fixed
1-Year S&P 500 PTP Monthly Sum Cap	Point to Point Annual Monthly sum	2.25% Cap
1-Year S&P 500 PTP Cap	Point to Point Annual	7% Cap
1-Year S&P 500 LV DRC 5% TR PTP Spread	Point to Point Annual	3.75% Spread
2-Year S&P MARC 5% ER PTP Participation Rate	Point to Point Biennial	200% Participation
1-Year S&P MARC 5% ER PTP Participation Rate	Point to Point Annual	140% Participation
2-Year Fidelity Multi Factor Yield 5% ER PTP Participation Rate	Point to Point Biennial	210% Participation
1-Year Fidelity Multi Factor Yield 5% ER PTP Spread	Point to Point Annual
1-Year BlackRock ESG US 5% ER PTP Enhanced Participation Rate	Point to Point Annual	190% Participation
1-Year S&P MARC 5% ER PTP Enhanced Participation Rate	Point to Point Annual	190% Participation
2-Year S&P MARC 5% ER PTP Enhanced Participation Rate	Point to Point Biennial	270% Participation
2-Year Fidelity Multi Factor Yield 5% ER PTP Enhanced Participation Rate	Point to Point Biennial	300% Participation
1-Year BlackRock ESG US 5% ER PTP Spread	Point to Point Annual
2-Year S&P 500 LV DRC 8% TR PTP Spread	Point to Point Biennial	3.75% Spread
2-Year BlackRock ESG US 5% ER PTP Participation Rate	Point to Point Biennial	210% Participation
1-Year S&P 500 Inverse Performance Triggered	Inverse Perf Triggered Annual	8.5% 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%

Hypothetical Projection

Comparison against S&P 500 using current rates

See if this annuity ranks in your top 3 for Ohio

Investment Amount

Riders

Name	Inbuilt	Fee
IncomeVantage Pro WBR	Yes
IncomeVantage Pro Increasing WBR	Yes
IncomeVantage Pro WBR (CA)	Yes
IncomeVantage Pro Increasing WBR(CA)	Yes

Waivers

Nursing Home

Unavailable in states: CA, MA, and SD

After the first contract anniversary, if the annuitant becomes confined to a qualified nursing home facility for at least 90 consecutive days, up to 100% of the accumulation value each year while the annuitant is confined is available. This waiver 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. The nursing home waiver does not include home health care.

Withdrawal Provisions

Penalty-free withdrawals Like most annuities, you’ll be limited on when and how much you can withdraw from your annuity penalty-free. However, MNL IncomeVantage Pro allows you to access a portion of funds each year. 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 5% of the beginning of the year accumulation value each year. Taking out more money than what’s available penalty-free will incur a surrender charge. A market value adjustment may also 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 market value adjustments on any portion of an IRSrequired 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