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MNL IndexBuilder 14 Low Band

The MNL IndexBuilder 14 Low Band is a dependable choice for solid financial planning. It safeguards your investments, letting you retire comfortably with a guaranteed stream of income.

With its unique indexing options, you can enjoy potential growth while reducing risk. It's a retirement life-raft designed just for you!

MNL IndexBuilder 14 Low Band

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About Product

Type

Fixed Index

Purpose

Accumulation

Premium Bonus

10%

Term

14 Years

Surrender schedule

12%

11%

10%

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, SEP IRA, IRA-Roth, and TSP

Launch Date

09/01/2015

The MNL IndexBuilder 14 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: AL, AZ, AR, CA, CO, DC, FL, GA, IL, IA, KS, KY, LA, ME, MA, MI, MS, NE, NH, NM, NC, ND, RI, SD, TN, VT, WV, WI, and WY

Allocation Accounts

Name	Type	Rates
1-Year Fixed Account	Fixed	2.6% Fixed
1-Year Fidelity Multifactor Yield 5% ER PTP Enhanced Participation Rate	Point to Point Annual	125% Participation
1-Year S&P MARC 5% ER PTP Enhanced Participation Rate	Point to Point Annual	125% Participation
1-Year S&P MARC 5% ER PTP Participation Rate	Point to Point Annual	80% Participation
2-Year S&P MARC 5% ER PTP Participation Rate	Point to Point Biennial	120% Participation
2-Year Fidelity Multifactor Yield 5% ER PTP Participation Rate	Point to Point Biennial	125% 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 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	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	40% Participation
1-Year Fidelity Multifactor Yield 5% ER PTP Participation Rate	Point to Point Annual	85% 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	11	12	13	14
Penalty	12%	12%	11%	11%	10%	9%	8%	7%	6%	5%	4%	3%	2%	1%

Hypothetical Projection

Comparison against S&P 500 using current rates

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Investment Amount

Riders

No Riders for MNL IndexBuilder 14 Low Band 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

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 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.

Company Founded: 1906

TOP Rated Company

Midland National Life Insurance Company

Company Ratings

4.2