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MNL IndexBuilder 10 High Band (State Variation) with ABR

The MNL IndexBuilder 10 High Band Annuity is a great choice for retirees. This annuity guarantees a consistent income, providing security and peace of mind for your golden years.

Importantly, with an added ABR feature, it also offers protection against financial uncertainties. Reliable and reassuring, this annuity is a sound investment for a stress-free retirement.

MNL IndexBuilder 10 High Band (State Variation) with ABR

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About Product

Type

Fixed Index

Purpose

Accumulation

Premium Bonus

20%

Term

10 Years

Surrender schedule

8.5%

7.5%

6.5%

5.5%

4.5%

3.5%

Fee withdrawal:

10%

Flexible premium

Product Life

Market Value Adjustment

Yes

Return Of Premium

Yes

Minimum Contribution

$75,000

Maximum Contribution

$2,000,000

Max Age Qualified

Types Of Funds

Non-Qualified, 401k, IRA, Spousal IRA, IRA Rollover, 401a, IRA Transfer, TSA 403b, SEP IRA, IRA-Roth, and TSP

Launch Date

09/01/2015

The MNL IndexBuilder 10 is a flexible premium, fixed index annuity that offers you growth potential for your retirement assets but also protection from losses due to downside market fluctuations

Available in states: AK, CA, CT, DE, HI, ID, IN, MD, MN, MO, MT, NV, NJ, OH, OK, PA, SC, TX, UT, VA, and WA

Allocation Accounts

Name	Type	Rates
1-Year Fixed Account	Fixed	2.4% Fixed
1-Year S&P MARC 5% ER PTP Enhanced Participation Rate	Point to Point Annual	120% Participation
1-Year Fidelity Multifactor Yield 5% ER PTP Enhanced Participation Rate	Point to Point Annual	120% Participation
1-Year S&P 500 PTP Cap	Point to Point Annual	5.75% Cap
1-Year S&P 500 PTP Monthly Sum Cap	Point to Point Annual Monthly sum	1.3% Cap
2-Year S&P MARC 5% ER PTP Participation Rate	Point to Point Biennial	105% Participation
1-Year S&P MARC 5% ER PTP Participation Rate	Point to Point Annual	70% Participation
2-Year Fidelity Multifactor Yield 5% ER PTP Participation Rate	Point to Point Biennial	115% Participation
1-Year S&P 500 Inverse Performance Triggered	Inverse Perf Triggered Annual	5.5% Performance triggered
1-Year Nasdaq-100 Volatility Control 12% PTP Enhanced Participation Rate	Point to Point Annual	45% Participation
1-Year S&P 500 Dynamic Intraday TCA PTP Enhanced Participation Rate	Point to Point Annual	35% Participation
2-Year Nasdaq-100 Volatility Control 12% PTP Participation Rate	Point to Point Biennial	45% Participation
2-Year S&P 500 Dynamic Intraday TCA PTP Participation Rate	Point to Point Biennial	35% Participation
2-Year S&P 500 PTP Participation Rate	Point to Point Biennial	25% Participation
1-Year Fidelity Multifactor Yield 5% ER PTP Participation Rate	Point to Point Annual	75% Participation
1-Year Nasdaq-100 Volatility Control 12% PTP Participation Rate	Point to Point Annual	30% Participation
1-Year S&P 500 Dynamic Intraday TCA PTP Participation Rate	Point to Point Annual	25% Participation
1-Year S&P 500 PTP Participation Rate	Point to Point Annual	15% Participation

Surrender schedule

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

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
IndexBuilder Additional Benefit Rider	Yes	0.95% annually (0.00% after 10 years)

Waivers

Nursing Home

Unavailable in states: CA

After the first contract anniversary, if you are confined to a qualified nursing care center as defined in the rider (skilled nursing facility or residential care facility for the elderly in CA), you may withdraw up to 100% of your accumulation value without a surrender charge, MVA, or premium bonus recapture as long as you meet the eligibility requirements for this rider. If you withdraw 100% of your accumulation value, your contract and any applicable riders will terminate. This rider is automatically included with your annuity at no additional charge. Refer to the rider for additional details, including benefit terms, conditions, and limitations.

Withdrawal Provisions

Market Value AdjustmentYour Contract also includes a market value adjustment feature—which may decrease or increase your surrender value depending on the change in the index value of the market value adjustment external index since your annuity purchase. Due to the mechanics of a market value adjustment, surrender values generally decrease as the market value adjustment external index rises or remains constant. When the market value adjustment external index decreases enough over time, the surrender value generally increases. However, the market value adjustment is limited to the interest credited to the accumulation value. Penalty-free withdrawalsBeginning second contract year, up to 10% of the accumulation value may be taken each year. By current company practice, surrender charges, premium bonus recapture, and MVA will be waived on any portion of an IRS-required minimum distribution that goes beyond what’s available to you penalty-free.

Company Founded: 1906

TOP Rated Company

Midland National Life Insurance Company

Company Ratings

4.2