Rates, state availability, rider terms, and contract language must be confirmed with a licensed financial advisor or insurance professional before purchase. Guarantees are backed by the issuing insurer.
Model this product
See what LiveWell Preferred Fixed Index Annuity would do for you
Set your numbers and switch between growth, income, and liquidity. Negative index performance does not produce a negative index credit. Fees, withdrawals and surrender charges can reduce contract value.
Product analyzer
Illustrative — live CANNEX rates as of October 2, 2026; not a projection or guarantee.
Crediting strategy
Compare against
$309,222
Gross crediting illustration at age 80 (LiveWell Preferred Fixed Index Annuity)
Excludes the 1.2% annual LiveWell Income for Life charge (income option; applicability depends on contract terms); 1.2% annual LiveWell Income for Life charge (income option; applicability depends on contract terms). This is not a net contract value.
9.5%
Best S&P 500 1-yr point-to-point cap
Gross crediting illustration for each line; excludes the 1.2% annual LiveWell Income for Life charge (income option; applicability depends on contract terms); 1.2% annual LiveWell Income for Life charge (income option; applicability depends on contract terms).
S&P 500 Index — 9.5% Cap (Annual)
✦
How crediting works: the cap limits positive index returns; a down index year has 0% index credit before rider charges. This illustration deducts no rider charge and is not a net contract value. A cap strategy tracks the index within its terms. What is a cap vs participation? →
Assumptions: illustrative — applies LiveWell Preferred Fixed Index Annuity's published cap rate (9.5% on S&P 500 Index) to a standard benchmark hypothetical index path (~5.4%/yr average, including down years) with a 0% floor over 20 years. Gross crediting only: this illustration excludes the 1.2% annual LiveWell Income for Life charge (income option; applicability depends on contract terms); 1.2% annual LiveWell Income for Life charge (income option; applicability depends on contract terms) reported in the source. Applicable rider charges depend on contract terms; their deduction bases are not modeled. Each listed charge is not deducted, and no net contract value is shown. Not a projection, quote, or guarantee. Live CANNEX rates as of October 2, 2026.
Free Comparison Report
Get a LiveWell Preferred Fixed Index Annuity rate report
See how LiveWell Preferred Fixed Index Annuity compares for your age, state, premium, and income goals alongside other Midland National fixed indexed annuity options.
Run numbers for LiveWell Preferred Fixed Index Annuity
rates, riders, crediting strategies, state availability, and contract facts stay scoped to this Midland National product.
Live product data
Rates as of October 2, 2026, from AdvisorWorld and CANNEX.
GLWB lifetime payout rate
7.05% lifetime payout + 10%/yr · simple roll-up
An income-led fixed indexed annuity from A-plus-rated Midland National with four surrender-term variants, an optional LiveWell Income for Life GLWB rider, and a shows-of-Premium death benefit — positioned for the high-balance rollover market in 50 jurisdictions.
1.2% annual rider feeRMD-friendly income ridersAdvisorWorld + CANNEX data
Best fit
Buyers with a six-figure deposit who are planning around lifetime income and want the flexibility to match the surrender chassis to their income-start date — a shorter chassis if income turns on soon, a longer chassis if deferral is the plan — and who value the shows-of-Premium death benefit alongside the GLWB rider.
AM Best
A+ Superior
Surrender options
5, 7, 8, and 10 years
Free withdrawal
10%/yr
Availability
50 jurisdictions (excl. New York)
Minimum premium
$10,000
Featured crediting strategies
Caps, participation rates, and declared rates are shown separately.
Index / strategyRate mechanicsCreditingSurrenderPremium
S&P 500
S&P 500 Index
9.25% cap rate
Rate effective May 27, 2026
Annual point-to-point
Requested state: TX
1-year term · 5-year surrender · $100,000 to $250,000
1-year term
5-year surrender
$100,000 to $250,000
S&P 500
S&P 500 Index
9.4% cap rate
Rate effective May 27, 2026
Annual point-to-point
Requested state: TX
1-year term · 7-year surrender · $100,000 to $250,000
1-year term
7-year surrender
$100,000 to $250,000
S&P 500
S&P 500 Index
9.45% cap rate
Rate effective May 27, 2026
Annual point-to-point
Requested state: TX
1-year term · 8-year surrender · $100,000 to $250,000
1-year term
8-year surrender
$100,000 to $250,000
S&P 500
S&P 500 Index
9.5% cap rate
Rate effective May 27, 2026
Annual point-to-point
Requested state: TX
1-year term · 10-year surrender · $100,000 to $250,000
1-year term
10-year surrender
$100,000 to $250,000
S&P 500
S&P 500 Index
40% participation rate
Rate effective May 27, 2026
Annual point-to-point
Requested state: TX
1-year term · 5-year surrender · $100,000 to $250,000
1-year term
5-year surrender
$100,000 to $250,000
S&P 500
S&P 500 Index
45% participation rate
Rate effective May 27, 2026
Annual point-to-point
Requested state: TX
1-year term · 7-year surrender · $100,000 to $250,000
1-year term
7-year surrender
$100,000 to $250,000
S&P 500
S&P 500 Index
45% participation rate
Rate effective May 27, 2026
Annual point-to-point
Requested state: TX
1-year term · 8-year surrender · $100,000 to $250,000
1-year term
8-year surrender
$100,000 to $250,000
S&P 500
S&P 500 Index
50% participation rate
Rate effective May 27, 2026
Annual point-to-point
Requested state: TX
1-year term · 10-year surrender · $100,000 to $250,000
1-year term
10-year surrender
$100,000 to $250,000
S&P 500
S&P 500 Index
50% participation rate
Rate effective May 27, 2026
2-year point-to-point
Requested state: TX
2-year term · 5-year surrender · $100,000 to $250,000
2-year term
5-year surrender
$100,000 to $250,000
S&P 500
S&P 500 Index
55% participation rate
Rate effective May 27, 2026
2-year point-to-point
Requested state: TX
2-year term · 7-year surrender · $100,000 to $250,000
2-year term
7-year surrender
$100,000 to $250,000
S&P 500
S&P 500 Index
60% participation rate
Rate effective May 27, 2026
2-year point-to-point
Requested state: TX
2-year term · 8-year surrender · $100,000 to $250,000
2-year term
8-year surrender
$100,000 to $250,000
S&P 500
S&P 500 Index
65% participation rate
Rate effective May 27, 2026
2-year point-to-point
Requested state: TX
2-year term · 10-year surrender · $100,000 to $250,000
2-year term
10-year surrender
$100,000 to $250,000
Fixed Account
Fixed Account
2.65% declared rate
Rate effective May 27, 2026
Fixed account
Requested state: TX
1-year term · 5-year surrender · $100,000 to $250,000
1-year term
5-year surrender
$100,000 to $250,000
Fixed Account
Fixed Account
2.75% declared rate
Rate effective May 27, 2026
Fixed account
Requested state: TX
1-year term · 7-year surrender · $100,000 to $250,000
1-year term
7-year surrender
$100,000 to $250,000
Fixed Account
Fixed Account
3.85% declared rate
Rate effective May 27, 2026
Fixed account
Requested state: TX
1-year term · 8-year surrender · $100,000 to $250,000
1-year term
8-year surrender
$100,000 to $250,000
Fixed Account
Fixed Account
2.95% declared rate
Rate effective May 27, 2026
Fixed account
Requested state: TX
1-year term · 10-year surrender · $100,000 to $250,000
Four surrender-term variants are filed under one product (the contract publishes a short, two mid-length, and a long surrender chassis), letting buyers match the surrender chassis to when they plan to turn income on — short for a buyer with a near-term income-start date, long for a buyer who can defer.
Income mechanism is concrete: an optional LiveWell Income for Life GLWB rider with documented lifetime withdrawal rates and a roll-up on the withdrawal base during deferral. The rider is RMD-friendly for qualified money.
A-plus rated carrier (A.M. Best) — Midland National is one of the larger fixed-annuity writers in the U.S.
Crediting menu pairs annual point-to-point caps on the S&P 500 and the Nasdaq-100 Volatility Control index with participation-rate strategies on the same and other proprietary indexes — the cap and participation rates step up as the surrender chassis gets longer, so the longer-term variants get the better crediting.
Death benefit is a shows of Premium guarantee ('LiveWell Legacy Protector') — unusual for an FIA in this rider-bearing tier; most income-led FIAs offer only the cash surrender value as the death benefit.
Annual penalty-free withdrawal allowance preserved alongside the income rider, with nursing-home and RMD surrender-charge waivers in the contract.
What to confirm
The GLWB rider carries an annual fee charged on the withdrawal base, not on the account value — effective cost runs higher than a flat percent of cash value once the base rolls up, and that drag compounds over the deferral years.
Premium minimum is published on the live feed and reflects a six-figure floor — this contract is positioned for the high-balance rollover market, not for smaller deposits.
Several index strategies use proprietary volatility-controlled indexes (Nasdaq-100 Volatility Control, S&P 500 Low Volatility Daily Risk Control, Fidelity Multifactor Yield). Their participation rates look high in absolute terms but are not directly comparable to an S&P 500 cap — evaluate each strategy on its own historical behavior.
Crediting rates vary by surrender variant — the longer chassis carries higher caps than the shorter chassis. Compare like-for-like by chassis length before deciding which variant fits.
Market value adjustment applies on early surrender on top of the surrender-charge ladder, which runs the full surrender window on the longest variant.
Filed in 50 jurisdictions (every state and DC except New York) — New York residents are not on this contract.
Not ideal for
Anyone shopping below the published premium minimum, anyone who wants pure tax-deferred accumulation without paying the rider fee, anyone who may need full liquidity inside the surrender window (MVA layers on top), and New York residents (not filed there).
Free Comparison Report
Get a LiveWell Preferred Fixed Index Annuity rate report
See how LiveWell Preferred Fixed Index Annuity compares for your age, state, premium, and income goals alongside other Midland National fixed indexed annuity options.
Common questions about LiveWell Preferred Fixed Index Annuity
● Can I lose money in LiveWell Preferred Fixed Index Annuity?
A negative index return by itself does not reduce the contract's account value: LiveWell Preferred Fixed Index Annuity credits 0% — the floor — for that indexed period. The account value can still decrease from the published rider fee, withdrawals, surrender charges, other contract-specific deductions. In years with no credited interest, those deductions can reduce the account value. Up to 10% of your value can be withdrawn each year without a charge; withdrawals above the penalty-free amount during the surrender period can incur a surrender charge.
● Is the LiveWell Income for Life income rider worth the 1.2% fee?
It depends on whether you will use the guaranteed income. If you are accumulating only, you can skip it. If you want guaranteed lifetime income later, the published roll-up (10%/yr · simple) and 7.05% withdrawal rate can make it worthwhile — model it in the Income tab of the analyzer above.
● When can I access my money without a surrender charge?
Up to 10% of your account value each year is penalty-free. The scheduled surrender charges run 10 years; after that the surrender-charge schedule ends. Bonus vesting, market value adjustments when applicable, and other contract rules can still affect the amount available. The Liquidity tab of the analyzer shows the year-by-year surrender charge.
● How do LiveWell Preferred Fixed Index Annuity's crediting strategies compare?
Use "Compare against" in the analyzer to overlay another available LiveWell Preferred Fixed Index Annuity strategy on the same premium, age, years, and hypothetical index path. The control labels the strategy type, rate, index, and context so caps, participation rates, triggers, spreads, and fixed-account choices are not treated as interchangeable.
Key Features
Free withdrawal
10%/yr
Annual amount that may be available without surrender charges, subject to contract terms.
Surrender waivers
2
Nursing home waiver, RMD waiver
Death benefit
LiveWell Legacy Protector
Beneficiary value depends on contract terms, withdrawals, and rider elections.
Cap-rate floor
0.50%
Minimum guaranteed cap for cap-based indexed strategies.
Fixed account guarantee
0.10%
Guaranteed minimum interest rate for the fixed account.
Participation-rate floor
5.00%
Minimum guaranteed participation rate for participation-rate indexed strategies.
Annuitization options
Certain period, Single life
Published payout options from the normalized contract facts.
Fund types
Non-qualified, Qualified
Availability can vary by state and product terms.
Surrender schedule
Yr 1
8%
Yr 2
8%
Yr 3
8%
Yr 4
7%
Yr 5
6%
Yr 6
5%
Yr 7
4%
Yr 8
3%
Yr 9
2%
Yr 10
1%
After
0%
Nursing home waiver, RMD waiver
Documents
product guide
livewellpreferredseries.pdf
Confidence: highReviewed Apr 6, 2026
Direct link not published — request the document from the carrier.
Carrier Ratings
AM BestA+
FitchA+
S&PA+
Contract notes from product data
Crediting design
How the interest-crediting choices are framed
LiveWell Preferred Fixed Index Annuity currently shows 84 indexed or fixed crediting options, including S&P 500 Index, with 54 volatility-controlled index options grouped separately. These choices matter because caps, participation rates, fixed accounts, spreads, and renewal terms are different mechanics and should not be ranked as one simple rate list.
What to look for before treating the rider as income
LiveWell Income for Life is the main income rider listed for this product. Rider terms can affect the tradeoff between future lifetime withdrawals, contract value, beneficiary value, and cost, so the exact state version and rider election should be confirmed before comparing it to annuitization or income-only contracts.
7.05% withdrawal rate
1.2% rider fee
RMD friendly
Joint life availability
Liquidity terms
Why access rules deserve as much attention as rates
A fixed indexed annuity can preserve more control than an income-only contract, but access is still governed by the surrender schedule, free-withdrawal terms, and waiver language. Those details are where many product comparisons become more meaningful than a simple rate list.
10%/yr free withdrawal
10 surrender years
Nursing home waiver
RMD waiver
Verification note
Use carrier materials as term evidence, then confirm the current version
Carrier materials such as livewellpreferredseries.pdf help explain the contract language behind the data on this page; the latest document activity we see is Apr 8, 2026. For the current brochure, rate sheet, or specimen contract, confirm the state-specific version with the carrier or a licensed financial professional.
Rates and rider terms can vary by state and issue age
Carrier guarantees depend on claims-paying ability
Current contract forms should be confirmed before purchase
Free Comparison Report
Get a LiveWell Preferred Fixed Index Annuity rate report
See how LiveWell Preferred Fixed Index Annuity compares for your age, state, premium, and income goals alongside other Midland National fixed indexed annuity options.
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