Midland National Life Insurance Company
5.0
based on complex data
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MNL IndexBuilder 14 Low Band with ABR

The MNL IndexBuilder 14 Low Band with ABR offers a reassuringly safe route to secure your golden years. With low-risk indexing, your money won't just sit; it will grow steadily over time.

Additional benefits riders provide a safety cushion, ensuring your planned income stream remains uninterrupted. A worry-free, secure investment for your retirement goals!

MNL IndexBuilder 14 Low Band with ABR-brochure MNL IndexBuilder 14 Low Band with ABR-brochure

MNL IndexBuilder 14 Low Band with ABR

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About Product

Type
Fixed Index
Purpose
Accumulation
Premium Bonus
17%
Term
14 Years
Surrender schedule
12%
12%
11%
11%
10%
9%
8%
7%
6%
5%
4%
3%
2%
1%
Fee withdrawal:
10%
Flexible premium
Product Life
Market Value Adjustment
Yes
Return Of Premium
Yes
Minimum Contribution
$20,000
Maximum Contribution
$74,999
Max Age Qualified
75
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 S&P 500 PTP Cap
Point to Point
Annual
6.25% Cap
1-Year S&P 500 PTP Monthly Sum Cap
Point to Point
Annual
Monthly sum
1.5% Cap
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
120% Participation
1-Year S&P MARC 5% ER PTP Participation Rate
Point to Point
Annual
80% Participation
1-Year S&P MARC 5% ER PTP Enhanced Participation Rate
Point to Point
Annual
125% Participation
1-Year Fidelity Multifactor Yield 5% ER PTP Enhanced Participation Rate
Point to Point
Annual
125% Participation
1-Year S&P 500 Inverse Performance Triggered
Inverse Perf Triggered
Annual
5.5% Performance triggered
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
25% Participation
1-Year Nasdaq-100 Volatility Control 12% PTP Enhanced Participation Rate
Point to Point
Annual
55% Participation
1-Year S&P 500 Dynamic Intraday TCA PTP Enhanced Participation Rate
Point to Point
Annual
45% Participation
2-Year Nasdaq-100 Volatility Control 12% PTP Participation Rate
Point to Point
Biennial
55% Participation
2-Year S&P 500 Dynamic Intraday TCA PTP Participation Rate
Point to Point
Biennial
45% Participation
2-Year S&P 500 PTP Participation Rate
Point to Point
Biennial
35% Participation
1-Year Fidelity Multifactor Yield 5% ER PTP Participation Rate
Point to Point
Annual
85% Participation
1-Year Nasdaq-100 Volatility Control 12% PTP Participation Rate
Point to Point
Annual
40% Participation
1-Year S&P 500 Dynamic Intraday TCA PTP Participation Rate
Point to Point
Annual
35% 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
indexed chart
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Riders

Name Inbuilt Fee
IndexBuilder Additional Benefit Rider Yes 0.95% annually

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 Beginning 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
  • A.M. Best A+
  • Fitch A+
  • S&P A+
  • Comdex 89
Assets: $71,575,926,183
Iowa

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