West Des Moines, IA | October 15, 2015
Midland National® Life Insurance Company has introduced MNL IndexBuilder, a flexible premium, fixed index annuity that features an upfront premium bonus, and a choice of fixed and indexed crediting options.
"There's a widespread uncertainty about retirement readiness in America," said Cindy Reed, President of Midland National's Annuity Division. "The MNL IndexBuilder annuity helps policyowners take action on some of those concerns, by getting a head start on their retirement savings with a strong upfront premium bonus."
Fixed index annuities are a popular retirement saving strategy, offering potential for their retirement assets while also offering protection from losses due to downside market fluctuations. MNL IndexBuilder offers six index crediting options, each performing differently in various market scenarios, as well as a fixed interest account, which provides flexibility in design for retirement dollars based on policyowners' changing needs.
"The IndexBuilder fixed index annuity is a strong solution for those looking to supplement their retirement income," said Reed. "It allows policyholders to earn interest on dollars that would otherwise be paid in taxes, resulting in faster growth through tax-deferral."
ABOUT MIDLAND NATIONAL
Founded as Dakota Mutual Life Insurance Company in 1906, Midland National® Life Insurance Company has protected families and preserved legacies for generations. Midland National is one of the leading insurance companies in America. Midland National is a member of Sammons® Financial Group, Inc. With its Annuity Division located in West Des Moines, Iowa and its Life Operations location in Sioux Falls, South Dakota, Midland National operates in 49 states and the District of Columbia through its 12,000 licensed sales professionals. For more information, please visit www.midlandnational.com.
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. They may not be appropriate for all clients.
Premium bonus may vary by annuity product and surrender charge period. 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.
Under current law, annuities grow tax-deferred. An annuity is not required for tax-deferral in qualified plans. Annuities may be subject to taxation during the income or withdrawal phase.
The MNL IndexBuilderSM is issued on form AC/AS145A (certificate/contract), AR307A, AR306A, AR308A, AR310A.PB, AR311A, AR312A, AR313A, AR314A, AR315A, AR316A and AR317A (riders/endorsements) or appropriate state by Midland National Life Insurance Company, West Des Moines, IA. This product, its features and riders may not be available in all states.
Before purchasing this product, buyers should be presented with complete product materials, which include describe issue ages, surrender charges, riders, and more.
