MNL IndexBuilder 10 Low Band (Most States)
The MNL IndexBuilder 10 Low Band is a solid annuity product, particularly appreciable for its competitive rates and great payout plan. Handy for those preparing for a financially secured retirement. Its index-linked growth potential makes it a smart choice for future earnings.
Though the brochure details may seem overwhelming, remember, it's all about your peace of mind in the later years. This annuity is a good balance of risk and steady income, making it a worthwhile investment for your golden years. Thumbs up for the MNL IndexBuilder 10 Low Band!
MNL IndexBuilder 10 Low Band (Most States)
About Product
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
3%
Fixed
|
| 2-Year Fidelity Multifactor Yield 5% ER PTP Participation Rate |
Point to Point
Biennial
|
125%
Participation
|
| 2-Year S&P MARC 5% ER PTP Participation Rate |
Point to Point
Biennial
|
125%
Participation
|
| 1-Year S&P MARC 5% ER PTP Participation Rate |
Point to Point
Annual
|
80%
Participation
|
| 1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
1.5%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
6.5%
Cap
|
| 1-Year S&P MARC 5% ER PTP Enhanced Participation Rate |
Point to Point
Annual
|
130%
Participation
|
| 1-Year Fidelity Multifactor Yield 5% ER PTP Enhanced Participation Rate |
Point to Point
Annual
|
130%
Participation
|
| 1-Year S&P 500 Inverse Performance Triggered |
Inverse Perf Triggered
Annual
|
6.5%
Performance triggered
|
| 1-Year Nasdaq-100 Volatility Control 12% PTP Enhanced Participation Rate |
Point to Point
Annual
|
55%
Participation
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
25%
Participation
|
| 1-Year S&P 500 Dynamic Intraday TCA PTP Participation Rate |
Point to Point
Annual
|
35%
Participation
|
| 1-Year Nasdaq-100 Volatility Control 12% PTP Participation Rate |
Point to Point
Annual
|
35%
Participation
|
| 1-Year Fidelity Multifactor Yield 5% ER PTP Participation Rate |
Point to Point
Annual
|
80%
Participation
|
| 2-Year S&P 500 PTP Participation Rate |
Point to Point
Biennial
|
35%
Participation
|
| 2-Year S&P 500 Dynamic Intraday TCA PTP Participation Rate |
Point to Point
Biennial
|
45%
Participation
|
| 2-Year Nasdaq-100 Volatility Control 12% PTP Participation Rate |
Point to Point
Biennial
|
55%
Participation
|
| 1-Year S&P 500 Dynamic Intraday TCA PTP Enhanced Participation Rate |
Point to Point
Annual
|
45%
Participation
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Penalty | 10% | 10% | 9% | 9% | 8% | 8% | 7% | 6% | 4% | 2% |
Riders
No Riders for MNL IndexBuilder 10 Low Band (Most States) annuity.
Waivers
Nursing Home
Unavailable in states: CA, and MA
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.
Premium Notes
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 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, a penalty-free withdrawal (also known as a penalty-free partial surrender), of up to 10% of the accumulation value may be taken each year. After the surrender charge period, surrender charges, premium bonus recapture and a market value adjustment no longer apply to any withdrawals. 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, premium bonus recapture, and market value 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.
- A.M. Best A+
- Fitch A+
- S&P A+
- Comdex 89
