Types of Annuities
At Midland National we understand that, depending on your individual situation, you need the ability to choose whatever type of annuity fits you best. With Midland National, you have the ability to choose: Traditional Fixed Annuity - Offers a declared fixed interest rate that is guaranteed for a specific period and guaranteed to never go below a specific percentage. Fixed Index Annuity - Interest rate credited to your annuity contract is linked to specific market indices that you can choose on an annual basis. Once the interest is credited you are guaranteed that it can never go down based on future market fluctuations. Immediate Annuity - You are guaranteed an income stream ranging from a specific period of time to your entire life. An immediate annuity offers a solution to the problem of outliving your money.