A Midland National annuity is an insurance contract that represents a simple promise. For your premium and the time you leave it with us, we promise to offer growth potential and the option for guaranteed income.
What is a fixed index annuity (FIA)?
Midland National's most popular type of annuity - fixed index annuities are versatile products able to help fit a wide variety of potential needs.
What is a multi-year guarantee annuity (MYGA)?
A multi-year guarantee annuity guarantees an interest rate for the time period selected when you open your contract.
What is a single premium immediate annuity (SPIA)?
A single premium immediate annuity is guaranteed income you can generate starting today.
Many people will find their financial goals fall into one of the four categories below. Earlier in your career, you may want to seek growth potential. Later on, you’re likely looking for a retirement income stream or focusing on your legacy.
If you’re finding it tough to pick a single category, don’t worry. Everyone’s situation is different. A financial professional can help you combine products to address more complex needs and help get you on your way to a happy retirement.
Finding the right mix of growth potential and protection for your retirement assets can be a challenging balancing act. We get that. That’s why Midland National offers fixed index annuities (FIAs) designed to do just that.
Talk with your financial professional today.
We can connect you.
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. 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 or strategy fees associated with allocations to enhanced crediting methods could exceed interest credited to the accumulation value, which would result in loss of premium. They may not be appropriate for all clients. Interest credits to a fixed index annuity will not mirror the actual performance of the relevant index.
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.
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.
985MW-1b REV 5-18-21