Add protected income for life to your strategy

SummitSM Discovery 7 Fixed Index Annuity

Issued by Midland National® Life Insurance Company

Building a retirement strategy that supports your long-term goals can be complex, especially if you’re worried you may not have reliable income that lasts throughout your lifetime. Without a source of guaranteed income, market uncertainty and longevity risk can make planning feel even more challenging.

The Summit Discovery Fixed Index Annuity is designed to help address those concerns by adding guaranteed lifetime income to your retirement strategy. With protected growth potential and income you can count on, it can help provide greater stability and confidence for the years ahead.

Summit Discovery offers:

  • Protected lifetime income 1
  • An option to double income payments for up to 5 contract years, if you’re unable to perform two out of six activities of daily living 1
  • Market-linked growth potential with full premium protection from market downturns
  • Guaranteed growth with the fixed account option2

With Summit Discovery, you get a solution that helps you protect against market downturns, lock in upside potential, and create a guaranteed income stream.

Explore Summit Discovery

Summit Discovery
Client Brochure (MA only)
28757D-7-MA

 

 

 

 

 

 

 

Summit Discovery
At A Glance (MA only)
27840D-MA

 

Connect with your financial professional to
explore if Summit Discovery may be a good fit
to help you reach your retirement goals.

Marketing materials may not be available for use in all states.

1 Activities of daily living (ADLs); not available in all states; must meet multiplier benefit conditions and limitations, as defined in the contract.

2 The declared fixed rate is an annual effective rate.

NOT FOR USE IN OREGON. 

The SummitSM Discovery Fixed Index Annuity, its features, and riders may not be available in all financial institutions or states.

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. 

A surrender during the surrender charge period could result in a loss of premium. Surrender charge structure may vary by state. 

“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 own tax professional regarding tax treatment of LPAs, which will vary according to individual circumstance.

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. Midland Retirement Distributors® is a division of Sammons Institutional Group®, Inc. 

Please view these important product-specific disclosures.

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

38461D-11 | PRT 07-26