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MNL RetireVantage 10

The MNL RetireVantage 10 annuity stands out for its guaranteed income stream that guarantees peace of mind for retirees. It's an effortless way to secure a steady income, ensuring a comfortable and worry-free retirement.

Moreover, the flexibility of this annuity allows you to personalize it to your financial goals. The MNL RetireVantage 10 annuity is a solid choice for those planning for a financially secure future. A true friend for your golden years!

MNL RetireVantage 10

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About Product

Type

Fixed Index

Purpose

Accumulation

Term

10 Years

Surrender schedule

10%

Fee withdrawal:

10%

Flexible premium

Product Life

Market Value Adjustment

Yes

Return Of Premium

Minimum Contribution

$20,000

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, NQ Stretch, and TSP

Launch Date

11/01/2011

The MNL RetireVantage 10 flexible premium fixed index annuity provides a flexible long-term solution that offers a variety of choices and guarantees to fit your ultimate retirement planning goals.

Summary of benefits

Multiple index account options available
Tax deferral, income for life, and full accumulation value at death

Strategy charge: In exchange for a strategy charge, the client unlocks greater upside potential through an enhanced participation rate. The strategy charge is deducted from the accumulation value at the end of each term and is guaranteed to stay the same for the life of the contract.
Strategy charges are considered a partial surrender and for purposes of the Return of Premium feature will reduce the Net Premium accordingly. The charge will be deducted at the time of full surrender and at the time of a partial withdrawal that exceeds the penalty-free withdrawal amount.
The strategy fee is known as a Strategy Fee Annual Percentage in your contract. The annual charge is multiplied by 2 for the two-year crediting strategy.

Available in states: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY

Allocation Accounts

Name	Type	Rates
1-Year Fixed Account	Fixed	3.4% Fixed
2-Year Fidelity Multifactor Yield 5% ER PTP Participation Rate	Point to Point Biennial	205% Participation
1-Year S&P MARC 5% ER PTP Participation Rate	Point to Point Annual	135% Participation
1-Year S&P 500 PTP Cap	Point to Point Annual	8.5% Cap
1-Year S&P 500 PTP Monthly Sum Cap	Point to Point Annual Monthly sum	2.05% Cap
2-Year S&P MARC 5% ER PTP Participation Rate	Point to Point Biennial	205% Participation
1-Year S&P MARC 5% ER PTP Enhanced Participation Rate	Point to Point Annual	185% Participation
1-Year S&P 500 Inverse Performance Triggered	Inverse Perf Triggered Annual	9% Performance triggered
1-Year Fixed Account	Fixed	3.7% Fixed
2-Year Fidelity Multifactor Yield 5% ER PTP Participation Rate	Point to Point Biennial	230% Participation
1-Year S&P MARC 5% ER PTP Participation Rate	Point to Point Annual	160% Participation
1-Year S&P 500 PTP Monthly Sum Cap	Point to Point Annual Monthly sum	2.3% Cap
1-Year S&P 500 PTP Cap	Point to Point Annual	9.5% Cap
2-Year S&P MARC 5% ER PTP Participation Rate	Point to Point Biennial	230% Participation
1-Year S&P MARC 5% ER PTP Enhanced Participation Rate	Point to Point Annual	200% Participation
1-Year S&P 500 Inverse Performance Triggered	Inverse Perf Triggered Annual	10% Performance triggered
1-Year Fidelity Multifactor Yield 5% ER PTP Enhanced Participation Rate	Point to Point Annual	190% Participation
1-Year Fidelity Multifactor Yield 5% ER PTP Participation Rate	Point to Point Annual	140% Participation
1-Year Nasdaq-100 Volatility Control 12% PTP Enhanced Participation Rate	Point to Point Annual	80% Participation
2-Year Nasdaq-100 Volatility Control 12% PTP Participation Rate	Point to Point Biennial	85% Participation
1-Year Nasdaq-100 Volatility Control 12% PTP Participation Rate	Point to Point Annual	60% Participation
1-Year S&P 500 Dynamic Intraday TCA PTP Enhanced Participation Rate	Point to Point Annual	65% Participation
2-Year S&P 500 Dynamic Intraday TCA PTP Participation Rate	Point to Point Biennial	75% Participation
1-Year S&P 500 Dynamic Intraday TCA PTP Participation Rate	Point to Point Annual	55% Participation
2-Year S&P 500 PTP Participation Rate	Point to Point Biennial	50% Participation
1-Year S&P 500 PTP Participation Rate	Point to Point Annual	40% Participation
1-Year Fidelity Multifactor Yield 5% ER PTP Enhanced Participation Rate	Point to Point Annual	200% Participation
1-Year Fidelity Multifactor Yield 5% ER PTP Participation Rate	Point to Point Annual	160% Participation
1-Year Nasdaq-100 Volatility Control 12% PTP Enhanced Participation Rate	Point to Point Annual	85% Participation
2-Year Nasdaq-100 Volatility Control 12% PTP Participation Rate	Point to Point Biennial	95% Participation
1-Year Nasdaq-100 Volatility Control 12% PTP Participation Rate	Point to Point Annual	65% Participation
1-Year S&P 500 Dynamic Intraday TCA PTP Enhanced Participation Rate	Point to Point Annual	70% Participation
2-Year S&P 500 Dynamic Intraday TCA PTP Participation Rate	Point to Point Biennial	80% Participation
1-Year S&P 500 Dynamic Intraday TCA PTP Participation Rate	Point to Point Annual	60% Participation
2-Year S&P 500 PTP Participation Rate	Point to Point Biennial	55% Participation
1-Year S&P 500 PTP Participation Rate	Point to Point Annual	50% 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 RetireVantage 10 annuity.

Waivers

Nursing Home

Unavailable in states: CA, and MA

After the first contract anniversary, should the annuitant become confined to a qualified nursing home facility for at least 90 consecutive days, we will increase the penalty-free withdrawal by 10% of the accumulation value each year while the annuitant is confined. This waiver is only available for issue ages 75 and younger and is automatically included with your annuity at no additional charge. If joint annuitants are named on the annuity, waiver will apply to the first annuitant who qualifies for the benefit. The nursing home waiver does not include home health care.

Withdrawal Provisions

Penalty-free withdrawals MNL RetireVantage allows you to access a portion of funds each year without incurring a surrender charge and Market Value Adjustment (MVA). Starting in the first contract year, you may choose to take a penalty-free withdrawal of up to 10% of the accumulation value annually. Withdrawals may be treated by the government as ordinary income. If taken before age 59 1/2, you may be subject to additional IRS penalties for early withdrawal. Market Value Adjustment (MVA)Your contract also includes a market value adjustment feature – which may decrease or increase your surrender value depending on the change in the market value adjustment external index rate since your annuity purchase. Market value adjustments are applied only during the surrender charge period to surrenders in excess of the penalty-free amount.

Company Founded: 1906

TOP Rated Company

Midland National Life Insurance Company

Company Ratings

4.2