New business guidelines

The following guidelines may vary by product. Please see product rate sheets for specific guidelines by product.

Annuity e-Biz

Applications completed through e-Biz and e-signed do not require a mailed copy; use the 1035 Yellow Pages feature to determine when transfer forms require a wet signature
If e-signature is declined and the application is mailed in, the application received date applies rather than the signed date
e-Biz applications can be submitted up to 11:59 p.m. (Central Time) on the business day prior to a change effective date to hold current rates
e-Biz applications submitted on weekends or holidays will have a received date of the next business day

Paper applications

Paper applications must be received or signed by the date indicated by product guidelines below to hold current rates
To hold rates, paper applications must be received in our office prior to the effective date; if on a Friday, by 12:30 p.m. (Central Time)
Paper applications received on weekends or holidays will have a received date of the next business day

Interest rate/interest credit factor changes
Interest rates and interest credit factors (“rates”) can change after we receive applications and before we receive the premiums. See chart below in order to determine how to qualify for a rate hold. Rate hold only applies for the first contract year.

Product feature changes
In general, a product feature change, such as premium bonuses, lifetime payment percentages, etc., may be based on the application received or signed date depending on the product (see chart below). No premium funding deadline applies to hold the more favorable rate. See the change announcement for specific details.

Product type	Based on date / premium due date	Rate and rate hold determination
Fixed index annuities (FIAs)	Based on application received date Premium due within 45 days from application received date	Rate will be based on more favorable rates between: application received date premium received date
Multi-year guarantee annuities YGAs)	Based on application signed date Premium due within 60 days after application signed date	Rate will be based on more favorable rates between: application signed date premium received date
MNL Accelerate® FIA	Based on application signed date Must receive signed application within 10 days AND premium within 60 days of application signed date.	Rate will be based on application signed date
Premium due date for weekends and holidays: If the 45th or 60th day falls on a weekend or holiday, the premium must be received on the business day before the weekend or holiday to hold current rates.

Subsequent contract years (Interest rates and interest credit factors are reflected on the annual statement)

For most products, the fixed and index account rates are effective for the first contract year or crediting period.
For MNL Accelerate, the fixed and index account rates are guaranteed for the contract’s surrender charge period.
In subsequent contract years, rates will be declared on the contract anniversary.

FOR FINANCIAL PROFESSIONAL USE ONLY. NOT TO BE USED FOR CONSUMER SOLICITATION PURPOSES.

Premium bonus may vary by annuity product, premium band, issue state, 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.

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 MNL Accelerate® 5 is issued on base contract form ICC19-AS201A/AS201A/AS202A or appropriate state variation including all applicable endorsements and riders by Midland National® Life Insurance Company, West Des Moines, IA. Product and features/options may not be available in all states or appropriate for all clients. See product materials and state availability chart for further details, specific features/options, and limitations by product and state.

Sammons Financial® is the marketing name for Sammons® Financial Group, Inc.’s member companies, including Midland National® Life Insurance Company. Annuities and life insurance are issued by, and product guarantees are solely the responsibility of, Midland National Life Insurance Company.

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