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MNL IndexBuilder 10 Low Band (State Variation)

The MNL IndexBuilder 10 Low Band is a reliable choice for those looking to secure their future. It's not only easy to understand but also offers a great way to grow your retirement savings, while safeguarding them from market downturns.

The annuity truly shines with its distinct low band feature, meaning it's designed to mitigate risk even further. With this annuity, you can rest easy knowing your hard-earned savings are protected while still having ample growth opportunities. Opt for MNL IndexBuilder 10 Low Band and enjoy a worry-free retirement!

MNL IndexBuilder 10 Low Band (State Variation)

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About Product

Type

Fixed Index

Purpose

Accumulation

Premium Bonus

10%

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

Minimum Contribution

$20,000

Maximum Contribution

$74,999

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	3% Fixed
2-Year Fidelity Multifactor Yield 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	75% Participation
2-Year S&P MARC 5% ER PTP Participation Rate	Point to Point Biennial	120% 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	6.25% Cap
1-Year Fidelity Multifactor Yield 5% ER PTP Enhanced Participation Rate	Point to Point Annual	130% Participation
1-Year S&P MARC 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 S&P 500 PTP Participation Rate	Point to Point Annual	20% Participation
1-Year S&P 500 Dynamic Intraday TCA PTP Participation Rate	Point to Point Annual	30% Participation
1-Year Nasdaq-100 Volatility Control 12% PTP Participation Rate	Point to Point Annual	30% Participation
1-Year Fidelity Multifactor Yield 5% ER PTP Participation Rate	Point to Point Annual	75% Participation
2-Year S&P 500 PTP Participation Rate	Point to Point Biennial	30% Participation
2-Year S&P 500 Dynamic Intraday TCA PTP Participation Rate	Point to Point Biennial	40% Participation
2-Year Nasdaq-100 Volatility Control 12% PTP Participation Rate	Point to Point Biennial	50% Participation
1-Year S&P 500 Dynamic Intraday TCA PTP Enhanced Participation Rate	Point to Point Annual	40% Participation
1-Year Nasdaq-100 Volatility Control 12% PTP Enhanced Participation Rate	Point to Point Annual	50% 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%

Riders

No Riders for MNL IndexBuilder 10 Low Band (State Variation) annuity.

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.

Premium Notes

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

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 withdrawalsLike 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.

Company Founded: 1906

TOP Rated Company

Midland National Life Insurance Company

Company Ratings

4.2