Issued by Midland National® Life Insurance Company
Could your retirement journey be affected by these risks?
During the income (or decumulation) phase of retirement, two of the biggest risks to your income plan are market volatility and longevity.
Retirement income needs
Now that you’re aware of some of the risks in the decumulation phase of retirement, the next step in building a retirement strategy is to assess your anticipated expenses and income. The following exercise will give us an idea of potential gaps you may have.
Using your gap
Now that you’ve determined your gap, you might be wondering, ‘what’s next?’ If there’s a gap between your expected income and projected expenses in retirement, the MNL Income Planning Annuity calculator can help show a retirement “paycheck” for the rest of your life.
MNL Income Planning Annuity® fixed index annuity
How the MNL Income Planning Annuity works:
Talk to your independent financial professional with Midland National about your income needs in retirement.
This marketing material may not be available for use in all states.
The information published on the website is not intended as a recommendation to purchase an annuity. We encourage you to talk to your financial professional and research other retirement planning and income solutions to determine if an annuity is right for you. Guarantees are backed by the financial strength and claims-paying ability of Midland National Life Insurance Company.
Neither Midland National, nor any agents acting on its behalf should be viewed as providing legal, tax or investment advice. Always consult with and rely on a qualified advisor.
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 the accumulation value for optional benefit riders or strategy fees or charges 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.
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.
Insurance products issued by Midland National® Life Insurance Company, West Des Moines, Iowa. Product and features/options may not be available in all states or appropriate for all clients. See product materials for further details, specific features/options, and limitations by product and state. The MNL Income Planning Annuity® 10 is issued on form AS200A/ICC19-AS200A (contract), AR359A, ICC19-AR370A, AR360A/ICC19-AR360A, AR361A/ICC19-AR361A, AR362A/ICC19-AR362A, AR363A/ICC19-AR363A, AR365A/ICC19-AR365A, AR366A/ICC19-AR366A, AR367A/ICC19-AR367A and AR369A/ICC19-AR369A, riders/endorsements or appropriate state variation.
The term “premium amount” is based on net premium, which is your initial premium, reduced by any withdrawals and reductions for surrender charges and market value adjustment.
“Income” or “lifetime income” refers to guaranteed payment of lifetime payment amounts (“LPAs”). It does not refer to interest credited to the contract. Consult with your tax advisor regarding tax treatment of LPAs, which will vary according to individual circumstances.
*Estimated income amount is based upon election of lifetime payment amounts under the guaranteed lifetime withdrawal benefit, which is required at time of purchase and has an annual cost of 1.25% which is deducted from the accumulation value. Estimated annual income is calculated based on the net premium amount, age at issue, and age when you turn on income. Taking withdrawals after issue will reduce the income amount available.
Statements regarding industry position are based on current research and comparisons and do not completely compare all annuity product features.
1. After year 10, the annual lifetime payment increase is 2.00% until the earlier of year 25 or attained age 80.
2. The rider is included for an annual fee of 1.25% of initial premium taken from your accumulation value on each contract anniversary until either your contract or GLWB terminates.
3. Must be able to complete all six ADLs at issue. To activate these benefits, need to receive written proof, acceptable to us, from a physician who has determined, in a manner consistent with accepted standards and practice for the diagnosis, that you are unable to meet two of six ADLs with an expectation the condition(s) are permanent. For ADL Definitions please see the product brochure.
4. Visit MidlandNational.com/CompanyStrength to learn more about Midland National and our current rating affirmation dates and disclosures.
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