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Maintain access to your money

Maintain access to your money

Most fixed annuities offer an annual penalty-free withdrawal amount, typically a percentage of your accumulation value that you can take out without incurring a surrender charge. Products in this category offer enhanced penalty-free withdrawals for additional liquidity. Others have specific features which trigger even more liquidity options if certain conditions are met, like an extended nursing home stay or the loss of ability to complete certain activities of daily living. One product allows you a one-time enhanced withdrawal that you can take for any reason.

 

Contact your financial professional to determine if this kind of annuity is right for you.

Don’t have a financial professional?

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The term financial professional is not intended to imply engagement in an advisory business in which compensation is not related to sales. Financial professionals that are insurance licensed will be paid a commission on the sale of an insurance product.

While certain included features may have no explicit cost, a product with a built-in GLWB feature may offer lower credited interest rates, lower index cap rates, lower participation rates and/or greater index margins than products that don't have these built-in features.

Fixed index annuities are not a direct investment in the stock market. They are long term insurance products with guarantees backed by the issuing company. They provide the potential for interest to be credited based in part on the performance of specific indices, without the risk of loss of premium due to market downturns or fluctuation. Although fixed index annuities guarantee no loss of premium due to market downturns, deductions from your accumulation value for additional optional benefit riders could under certain scenarios exceed interest credited to the accumulation value, which would result in loss of premium. They may not be appropriate for all clients.

Withdrawals taken prior to age 59 1/2 may be subject to IRS penalties.

Premium bonus may vary by annuity product, premium band and surrender charge period selected and may be subject to a premium bonus recapture. Products that have premium bonuses may offer lower credited interest rates, lower index cap rates, lower participation rates and/or greater index margins than products that don’t offer a premium bonus. Over time and under certain scenarios the amount of the premium bonus may be offset by the lower credited interest rates, lower index cap rates, lower Participation Rates and/or greater index margins.

 

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