Midland National A Sammons Financial Company

Constance®

group contingent deferred annuity (CDA)

Eligible model portfolios

Model portfolio name
Asset allocation tier
American Funds Conservative Growth and Income F-2
A
American Funds Growth and Income F-2
C
American Funds Moderate Growth and Income F-2
B
American Funds Retirement Income - Enhanced F-2
B
American Funds Retirement Income - Moderate F-2
A
AWF Core-Statelite 40/60
A
AWF Core-Statelite 50/50
B
AWF Core-Statelite 60/40
B
AWF Pure Index - Large 60/40
B
Beacon Vantage - 2.0 Aggressive
A
Beacon Vantage - 3.0 Aggressive
A
BlackRock 50/50 Target Allocation ETF
A
BlackRock 60/40 Target Allocation ETF
B
BlackRock 80/20 Target Allocation ETF
C
BlackRock Global Allocation Selects Model (Aggressive Growth)
C
BlackRock Global Allocation Selects Model (Growth)
B
BlackRock Global Allocation Selects Model (Moderate Growth)
A
Commonwealth PPS Select Active-Balance Equity
B
Commonwealth PPS Select Active-Primarily Equity
C
Commonwealth PPS Select Core/Satellite-Balance Equity
B
Commonwealth PPS Select Passive-Balance Equity
B
Commonwealth PPS Select Passive-Primarily Equity
C
Delaware Funds Premier Strategic Core Moderate - MF - GWI
B
Delaware Funds Premier Strategic Core Moderately Aggressive -MF-G
C
Delaware Funds Premier Strategic Core w/Alts Mod Aggressive -MF-G
C
Delaware Funds Premier Strategic Core w/Alts Moderate - MF - GWI
B
Dimensional Core 40/60 Wealth Models
A
Dimensional Core 60/40 Wealth Models
B
Dimensional Core 80/20 Wealth Models
C
Dimensional Core ETF 40/60 Wealth Model
A
Dimensional Core ETF 60/40 Wealth Model
B
Dimensional Core ETF 80/20 Wealth Model
C
Dimensional Core Plus 40/60 Wealth Model
A
Dimensional Core Plus 60/40 Wealth Model
B
Dimensional Core Plus 80/20 Wealth Model
C
Dimensional Market Plus ETF 40/60 Wealth Models
A
Dimensional Market Plus ETF 60/40 Wealth Models
B
Dimensional Market Plus ETF 80/20 Wealth Models
C
Dimensional Social 40/60 Wealth Model
A
Dimensional Social 60/40 Wealth Model
B
Dimensional Social 80/20 Wealth Model
C
Dimensional Sustainability 40/60 Wealth Model
A
Dimensional Sustainability 60/40 Wealth Model
B
Dimensional Sustainability 80/20 Wealth Model
C
Dimensional Tax-Sensitive 40/60 Wealth Model
A
Dimensional Tax-Sensitive 60/40 Wealth Model
B
Dimensional Tax-Sensitive 80/20 Wealth Model
C
Dynamic Wealth Advisors DFA Mid-Size Mkt Cap 60% Model
B
Dynamic Wealth Advisors DFA Mid-Size Mkt Cap 70% Model
C
Dynamic Wealth Advisors DFA Models-Mid-size 50%
C
Dynamic Wealth Advisors ETF Mid-Size Mkt Cap 60% Model
B
Dynamic Wealth Advisors ETF Mid-Size Mkt Cap 70% Model
C
Dynamic Wealth Advisors ETF Mid-Size Mkt Cap 80% Model
C
Dynamic Wealth Advisors ETF Models-Mid-size 50%
B
Inspire Tier A Model
A
Inspire Tier B Model
B
Inspire Tier C Model
C
Kingsview Investment Management Multi-Strat-Balanced
B
Kingsview Investment Management Multi-Strat-Conservative
A
Kingsview Investment Management Multi-Strat-Moderate Aggressive
C
Kingsview Investment Management Multi-Strat-Moderate conservative
A
Limerick LFG 1 Conservative Growth
A
Limerick LFG 2 Conservative Growth
A
Limerick LFG 3 Moderate Growth
B
Limerick LFG 4 Moderate Growth
C
Limerick LFG 5 Growth
C
Nuveen Aggessive growth
C
Nuveen Conservative growth
A
Nuveen Moderate conservative growth
A
Nuveen Moderate growth
B
Peavine Capital - Conservative
A
Peavine Capital - Growth
B
Peavine Capital - Moderate
A
Pension & Wealth Management Advisors PWM Global-Aggressive Growth
C
Pension & Wealth Management Advisors PWM Global-Conservative
A
Pension & Wealth Management Advisors PWM Global-Growth and Income
B
SEI Tactical ETF Model (Growth)
B
SEI Tactical ETF Model (Stability)
A
SEI Tactical ETF Model (Stability/Growth)
A
Wake Wealth Care Management
C
WealthCare Balanced (50e/50f) - Pure Gamma Domestic Core - Not Tax Deferred
A
WealthCare Balanced (50e/50f) - Pure Gamma Domestic Core - Tax Deferred
A
WealthCare Balanced (50e/50f) - Resilient Domestic Core - Not Tax Deferred
A
WealthCare Balanced (50e/50f) - Resilient Domestic Core - Tax Deferred
A
WealthCare Conservative (30e/70f) - Pure Gamma Domestic Core - Not Tax Deferred
A
WealthCare Conservative (30e/70f) - Pure Gamma Domestic Core - Tax Deferred
A
WealthCare Conservative (30e/70f) - Resilient Domestic Core - Not Tax Deferred
A
WealthCare Conservative (30e/70f) - Resilient Domestic Core - Tax Deferred
A
WealthCare Growth (80e/20f) - Pure Gamma Domestic Core - Not Tax Deferred
C
WealthCare Growth (80e/20f) - Pure Gamma Domestic Core - Tax Deferred
C
WealthCare Growth (80e/20f) - Resilient Domestic Core - Not Tax Deferred
C
WealthCare Growth (80e/20f) - Resilient Domestic Core - Tax Deferred
C
WealthCare Moderate Growth(65e/35f) - Pure Gamma Domestic Core - Not Tax Deferred
B
WealthCare Moderate Growth(65e/35f) - Pure Gamma Domestic Core - Tax Deferred
B
WealthCare Moderate Growth(65e/35f) - Resilient Domestic Core - Not Tax Deferred
B
WealthCare Moderate Growth(65e/35f) - Resilient Domestic Core - Tax Deferred
B

Asset allocation tiers

Your portfolio tier must be elected at issue. There are specific guidelines around the underlying investments, their mix, and rebalancing, so it is important to review the prospectus.

Constance model portfolios tiers bar graph

 

The Certificate is designed to protect investors who are concerned that, either because of withdrawals over time, poor market performance, or both, their Covered Asset Pool may be depleted during their lifetime. To address that need, the Certificate in effect provides a limited form of insurance against outliving your assets. The Certificate has no cash value, surrender value or death benefit. The Certificate is intended for long-term investment purposes. You should consider the risks and expenses of the annuity carefully before investing. The prospectus contains this and other information. You may contact your financial professional or call 877-575-2742 to obtain a current prospectus for the contingent deferred annuity. Please read it carefully.

The Constance® Group Contingent Deferred Annuity (AG206A (contract) and AC206A (certificate) is issued by Midland National® Life Insurance Company, West Des Moines, Iowa 50266, distributed by Sammons Financial Network®, LLC., member FINRA. The Constance® Group Contingent Deferred Annuity is not available in New York.

Product and feature availability may vary by state and program sponsor. In some states, the annuity is issued as an individual contract instead of a group certificate.

Sammons Financial Network®, LLC. and Midland National® Life Insurance Company are wholly owned subsidiaries of Sammons® Financial Group, Inc.

The Constance® group contingent deferred annuity is not a subscription service and the amounts you pay for the benefits provided by this annuity are referred to in the group contract and certificate as fees. Failing to pay the required fees may result in termination of benefits including the “coverage amount” described herein.

Registered investment advisors* (financial advisors) who work with our appointed insurance agents (financial professional(s)) operate independently from Midland National and vary in the extent to which they use the insurance products available to any respective financial professional.

*Midland National does not evaluate, endorse, recommend, or guarantee the services of any financial advisor. You have the relationship and hiring decisions with your financial advisor. As such, we will not supervise or monitor the financial advisor’s activities or your overall investment portfolio, nor are we responsible for the performance of your investments. We have no discretionary authority or control, or liability for any damages with respect to how your financial advisor manages your investment assets.

Midland National® Life Insurance Company does not give tax, legal, or investment advice. Please consult with and rely on your own tax, legal, or investment professional(s).

The Constance® Group Contingent Deferred Annuity can play an important role in your retirement plan but may not be for everyone. Before investing, you and your financial advisor should discuss aspects that affect the appropriateness of your situation, including cost, investment timeframe and other retirement assets you may have.

Guarantees are backed by the claims-paying ability of Midland National ® Life Insurance Company. They are not backed by the broker/dealer from which this contingent deferred annuity is purchased, by the insurance agency from which this contingent deferred annuity is purchased, or any affiliates of those entities, and none makes any representations or guarantees regarding the claims-paying ability of Midland National® Life Insurance Company.

Only certain investments are available under the Certificate. You are required to invest assets in accordance with either a model portfolio or a restricted asset allocation portfolio. Your investments may experience a higher return if you were not subject to the investment requirements. We may change the requirements for the assets permissible under the coverage. We may remove a financial institution from our list of approved financial institutions at any time. Please review prospectus carefully.

The Certificate is not designed for resale or speculation, arbitrage, viatical settlements, or any type of collective investment scheme. The contract cannot be traded on any stock exchange or secondary market. By purchasing the contract, you represent and warrant that you are not purchasing or intending to use the contract, and any of its riders, for resale, speculation, arbitrage, viatical settlements, or any type of collective investment scheme.

Securities distributed by Sammons Financial Network®, LLC., member FINRA. Insurance products are issued by Midland National® Life Insurance Company (West Des Moines, IA). Sammons Institutional Group®, Inc. provides administrative services. Sammons Financial Network®, LLC., Midland National® Life Insurance Company and Sammons Institutional Group®, Inc. are wholly owned subsidiaries of Sammons® Financial Group, Inc. Sammons Retirement Solutions ® is a division of Sammons Institutional Group®, Inc.

NOT FDIC/NCUA INSURED, MAY LOSE VALUE INCLUDING LOSS OF PRINCIPAL, NO BANK/CU GUARANTEE, NOT A DEPOSIT, NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY.

2060539

33334Y-MREV 11-14-23