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
CAAP – 3EDGE Conservative
A
CAAP – 3EDGE ESG
A
CAAP – 3EDGE Growth
C
CAAP – 3EDGE Income Plus
A
CAAP – 3EDGE Total Return
A
CAAP – American Funds Conservative Growth and Income Model
B
CAAP – American Funds Conservative Income and Growth Model
B
CAAP – American Funds Conservative Income Model
B
CAAP – American Funds Global Growth Model
C
CAAP – American Funds Growth and Income Model
C
CAAP – American Funds Growth Model
C
CAAP – American Funds Moderate Growth and Income Model
C
CAAP – American Funds Moderate Growth Model
C
CAAP – American Funds Preservation Model
A
CAAP – American Funds Retirement Income Model - Conservative
C
CAAP – American Funds Retirement Income Model - Enhanced
C
CAAP – American Funds Retirement Income Model - Moderate
B
CAAP – American Funds Tax-Aware Conservative Growth and Income Model
B
CAAP – American Funds Tax-Aware Conservative Income Model
A
CAAP – American Funds Tax-Aware Growth and Income Model
C
CAAP – American Funds Tax-Aware Moderate Growth and Income Model
C
CAAP – American Funds Tax-Aware Moderate Growth Model
C
CAAP – American Funds Tax-Aware Moderate Income Model
A
CAAP – American Funds Tax-Exempt Preservation Model
A
CAAP – BlackRock 0/100 GA Selects Portfolio
A
CAAP – BlackRock 0/100 GA Selects Tax-Aware
C
CAAP – BlackRock 100/0 GA Selects Model
A
CAAP – BlackRock 20/80 GA Selects Model
A
CAAP – BlackRock 20/80 GA Selects Tax-Aware
B
CAAP – BlackRock 40/60 GA Selects Model
B
CAAP – BlackRock 40/60 GA Selects Tax-Aware
C
CAAP – BlackRock 60/40 GA Selects Model
C
CAAP – BlackRock 60/40 GA Selects Tax-Aware
C
CAAP – BlackRock 80/20 GA Selects Model
C
CAAP – BlackRock 80/20 GA Selects Tax-Aware
A
CAAP – BlackRock Long Horizon ETF 10/90
A
CAAP – BlackRock Long Horizon ETF 20/80
A
CAAP – BlackRock Long Horizon ETF 30/70
A
CAAP – BlackRock Long Horizon ETF 40/60
B
CAAP – BlackRock Long Horizon ETF 50/50
C
CAAP – BlackRock Long Horizon ETF 60/40
C
CAAP – BlackRock Long Horizon ETF 70/30
C
CAAP – BlackRock Long Horizon ETF 80/20
C
CAAP – BlackRock Long Horizon ETF 90/10
C
CAAP – BlackRock Long Horizon ETF EQ
A
CAAP – BlackRock Long Horizon ETF FI
B
CAAP – BlackRock Target Alloc ESG ETF 40/60
C
CAAP – BlackRock Target Alloc ESG ETF 60/40
C
CAAP – BlackRock Target Alloc ESG ETF 80/20
C
CAAP – BlackRock Target Alloc ESG ETF EQ
A
CAAP – BlackRock Target Alloc ETF 10/90
A
CAAP – BlackRock Target Alloc ETF 20/80
A
CAAP – BlackRock Target Alloc ETF 30/70
B
CAAP – BlackRock Target Alloc ETF 40/60
B
CAAP – BlackRock Target Alloc ETF 50/50
C
CAAP – BlackRock Target Alloc ETF 60/40
C
CAAP – BlackRock Target Alloc ETF 70/30
C
CAAP – BlackRock Target Alloc ETF 80/20
C
CAAP – BlackRock Target Alloc ETF 90/10
C
CAAP – BlackRock Target Alloc ETF EQ
A
CAAP – Brinker Capital Aggressive
A
CAAP – Brinker Capital Aggressive - Tax Aware
A
CAAP – Brinker Capital Aggressive Equity
A
CAAP – Brinker Capital Aggressive Equity - Tax Aware
A
CAAP – Brinker Capital Balanced Income
A
CAAP – Brinker Capital Balanced Income - Tax Aware
A
CAAP – Brinker Capital Conservative
A
CAAP – Brinker Capital Conservative - Tax Aware
A
CAAP – Brinker Capital Defensive
A
CAAP – Brinker Capital Defensive - Tax Aware
A
CAAP – Brinker Capital Diversified Income
A
CAAP – Brinker Capital Diversified Income - Tax Aware
A
CAAP – Brinker Capital Moderate
A
CAAP – Brinker Capital Moderate - Tax Aware
A
CAAP – Brinker Capital Moderately Aggressive
A
CAAP – Brinker Capital Moderately Aggressive - Tax Aware
A
CAAP – Brinker Capital Moderately Conservative
A
CAAP – Brinker Capital Moderately Conservative - Tax Aware
A
CAAP – Fidelity Core Bond
A
CAAP – Fidelity Core Plus Bond
A
CAAP – Fidelity Dynamic Bond
A
CAAP – Fidelity Index-Focused 10/90
A
CAAP – Fidelity Index-Focused 100/0
C
CAAP – Fidelity Index-Focused 30/70
A
CAAP – Fidelity Index-Focused 50/50
B
CAAP – Fidelity Short Multi-Sector Bond
A
CAAP – Fidelity Target Allocation Tax Aware 100/0
C
CAAP – Fidelity Target Allocation Tax Aware 20/80
A
CAAP – Fidelity Target Allocation Tax Aware 40/60
A
CAAP – Fidelity Target Allocation Tax Aware 50/50
B
CAAP – Fidelity Target Allocation Tax Aware 60/40
C
CAAP – Fidelity Target Allocation Tax Aware 70/30
C
CAAP – Fidelity Target Allocation Tax Aware 85/15
C
CAAP – Frontier Asset Mgmt Balanced
B
CAAP – Frontier Asset Mgmt Capital Preservation
A
CAAP – Frontier Asset Mgmt Conservative
A
CAAP – Frontier Asset Mgmt Conservative Income
A
CAAP – Frontier Asset Mgmt Global Opportunities
C
CAAP – Frontier Asset Mgmt Long-Term Growth
C
CAAP – Frontier Asset Mgmt Moderate Growth
C
CAAP – Frontier Asset Mgmt Tax Managed Conservative Income
A
CAAP – Frontier Asset Mgmt Tax-Managed Balanced
B
CAAP – Frontier Asset Mgmt Tax-Managed Capital Preservation
A
CAAP – Frontier Asset Mgmt Tax-Managed Conservative
A
CAAP – Frontier Asset Mgmt Tax-Managed Global Opportunities
C
CAAP – Frontier Asset Mgmt Tax-Managed Long-Term Growth
C
CAAP – Frontier Asset Mgmt Tax-Managed Moderate Growth
C
CAAP – Horizon Conservation Plus
A
CAAP – Horizon Conservative
A
CAAP – Horizon Focused
C
CAAP – Horizon Growth
C
CAAP – Horizon Moderate
C
CAAP – Horizon Real Spend 3
B
CAAP – Horizon Real Spend 4
B
CAAP – Horizon Real Spend 5
B
CAAP – Horizon Real Spend 6
B
CAAP – Horizon Real Spend 7
B
CAAP – Horizon Risk Assist Focused
C
CAAP – Horizon Risk Assist Growth
C
CAAP – Horizon Risk Assist Moderate
B
CAAP – Innovator All-World Hedged Equity
B
CAAP – Innovator Balanced Alternative Model Portfolio
A
CAAP – Innovator Capital Shield 100% Buffer
A
CAAP – Innovator Controlled Growth Model Portfolio
C
CAAP – Principal Growth & Income Multi-Manager Moderate
B
CAAP – Principal Growth & Income Multi-Manager Moderately Aggressive
C
CAAP – Principal Growth & Income Multi-Manager Moderately Conservative
A
CAAP – Russell Active-Passive Balanced
B
CAAP – Russell Active-Passive Balanced Growth
C
CAAP – Russell Active-Passive Conservative
A
CAAP – Russell Active-Passive Equity Growth
C
CAAP – Russell Active-Passive Growth
C
CAAP – Russell Active-Passive Moderate
A
CAAP – Russell Active-Passive Moderate Growth
B
CAAP – Russell Balanced Tax-Managed
B
CAAP – Russell Conservative Tax-Managed
A
CAAP – Russell Equity Growth Tax-Managed
C
CAAP – Russell Growth Tax-Managed
C
CAAP – Russell Model Strategy Balanced
B
CAAP – Russell Model Strategy Balanced Growth
C
CAAP – Russell Model Strategy Conservative
A
CAAP – Russell Model Strategy Equity Growth
C
CAAP – Russell Model Strategy Growth
C
CAAP – Russell Model Strategy Moderate
A
CAAP – Russell Moderate Tax-Managed
B
CAAP – Russell Tax-Managed Balanced Growth
C
CAAP – Russell Tax-Managed Moderate Growth
B
Cambridge AF MODERATE GROWTH AND INCOME AMFBMP
C
Cambridge JP Morgan Tactical 60/40
B
Cambridge Vanguard CORE 60%Equity/40%Fixed Income
B
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

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.

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33334Y-MREV 9-1-26