Fixed Indexed Annuity
Summit Edge 5
Midland National Life Insurance Company · AM Best A+
S&P 500 annual cap
9.25%
CANNEX via AdvisorWorld · as of June 23, 2026
DB-backed product comparison
Summit Edge 5 vs Allianz 222
Decision-first comparison using current product data, carrier backing, review ratings, liquidity, surrender terms, rider mechanics, and sourced disclosures.
Live CANNEX-backed data via AdvisorWorld. Each figure below carries its source and as-of timing.
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Fixed Indexed Annuity
Allianz 222
Allianz Life Insurance Company of North America · AM Best A+
3.5/5
Headline stat
unavailable
CANNEX via AdvisorWorld · as of June 23, 2026
Auto-verdict
Summit Edge 5 leads on income rider availability; Allianz 222 leads on annual fee; carrier strength is tied. This compares current accumulation metrics and is not a personalized recommendation.
- On income rider availability, Summit Edge 5 has rider data returned (2 income riders returned vs No income rider returned).
- On annual fee, Allianz 222 has the lower figure (No annual fee returned vs 1.25% max annual rider/strategy fee); Summit Edge 5 is higher.
- On carrier strength, both show A+ AM Best.
Auto-generated from live data, accumulation metrics only, not a recommendation.
Live side by side
Compare on the numbers
Only metrics that apply to this product type are shown. Missing applicable values show unavailable.
| Metric | Summit Edge 5 | Allianz 222 |
|---|---|---|
| Top annual capAnnual point-to-point cap; S&P 500 preferred when the live strategy set includes it. | 9.25% cap · S&P 500 · 1-yr point-to-point CANNEX via AdvisorWorld · as of June 23, 2026 | unavailable CANNEX via AdvisorWorld · as of June 23, 2026 |
| Top participation rateAnnual participation strategy; not ranked against cap rates. | 180% participation · Fidelity Multifactor Yield Index 5% ER · annual · 1% strategy fee CANNEX via AdvisorWorld · as of June 23, 2026 | unavailable CANNEX via AdvisorWorld · as of June 23, 2026 |
| Performance triggerAnnual trigger strategy returned by the live FIA strategy feed. | 10% trigger · S&P 500 · annual CANNEX via AdvisorWorld · as of June 23, 2026 | unavailable CANNEX via AdvisorWorld · as of June 23, 2026 |
| Fixed account rateFixed account strategy when returned by the live feed. | 3.4% fixed account CANNEX via AdvisorWorld · as of June 23, 2026 | unavailable CANNEX via AdvisorWorld · as of June 23, 2026 |
| AM Best ratingCarrier financial strength from the live product/rating feed when available. | A+ AM BestTie CANNEX via AdvisorWorld · as of June 23, 2026 | A+ AM BestTie CANNEX via AdvisorWorld · as of June 23, 2026 |
| Free withdrawalAnnual free-withdrawal percentage returned in product detail. | 10%/yr free withdrawal CANNEX via AdvisorWorld · as of June 23, 2026 | unavailable CANNEX via AdvisorWorld · as of June 23, 2026 |
| Surrender periodShorter surrender period is highlighted as more flexible. | 5 years surrender period CANNEX via AdvisorWorld · as of June 23, 2026 | unavailable CANNEX via AdvisorWorld · as of June 23, 2026 |
| Annual feeHighest annual rider or strategy fee returned; lower is highlighted. | 1.25% max annual rider/strategy fee CANNEX via AdvisorWorld · as of June 23, 2026 | No annual fee returnedLeading CANNEX via AdvisorWorld · as of June 23, 2026 |
| Income riderAvailability only; rider fit depends on payout, cost, and goals. | 2 income riders returnedLeading CANNEX via AdvisorWorld · as of June 23, 2026 | No income rider returned CANNEX via AdvisorWorld · as of June 23, 2026 |
| Minimum premiumLower minimum premium is highlighted as easier to access. | $100,000 minimum premium CANNEX via AdvisorWorld · as of June 23, 2026 | unavailable CANNEX via AdvisorWorld · as of June 23, 2026 |
Scenario tool
Which one credits more in one index year?
Interactive comparison unavailable
The live feed did not return enough overlapping rate data to run this illustration. We show unavailable instead of reusing stale assumptions.
Illustrative tool inputs use live product figures from CANNEX via AdvisorWorld · as of June 23, 2026.
Review-backed context
What the reviews say about each product
Linked review
Allianz 222
3.5/5
“Understand the Allianz 222 Fixed Indexed Annuity: rates, features, riders, and company details. A comprehensive review for informed decisions.”
Attributed to Nikhil Bhauwala.
Read the full reviewCommon questions
Decision FAQs from the same numbers
Is Summit Edge 5 or Allianz 222 better for growth?
The live feed does not return enough overlapping growth metrics for Summit Edge 5 and Allianz 222; unavailable cells are intentionally not filled with estimates.
Is Summit Edge 5 or Allianz 222 better for income?
On income rider availability, Summit Edge 5 has rider data returned (2 income riders returned vs No income rider returned). Rider availability is only one income input; payout rates, rider fees, start age, and state availability still need review.
Is Summit Edge 5 or Allianz 222 better for liquidity?
On annual fee, Allianz 222 has the lower figure (No annual fee returned vs 1.25% max annual rider/strategy fee); Summit Edge 5 is higher.
How to read this comparison
Compare the product job, not just one number.
Rates matter, but surrender terms, liquidity, rider mechanics, state availability, and carrier strength decide whether a product actually fits.
Rate context
Caps, participation rates, triggers, and fixed buckets show how each FIA creates accumulation potential.
Control
Free-withdrawal and surrender terms are visible because liquidity can be worth as much as a small rate difference.
Carrier backing
Guarantees are backed by the issuing insurer, so carrier ratings and product availability belong next to the rate table.
Disclosures and sources
Live product figures are sourced from CANNEX via the AdvisorWorld public API and are labeled with source and as-of timing. Product-type-specific rows are shown only when they apply; missing applicable values show unavailable and are not backfilled with stale figures.
The verdict is auto-generated from live accumulation metrics only and is not a recommendation. The crediting and guaranteed-growth tools are illustrative, use the stated assumptions, and are not projections, quotes, or carrier-approved illustrations.
Rates vary by state, premium band, and issue age. Caps and participation rates can change. Annuity guarantees are backed by the issuing carrier's claims-paying ability and are not FDIC-insured. Educational only.
Use the comparison as a starting point.
Then go back to the main rate pages to see the broader market, or run the whole-income comparison when income guarantees are the question.
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Use the public comparison freely. A personalized report is optional when you want projections based on your age, state, premium, and goals.
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