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Fixed Indexed Annuity

MNL IndexBuilder 10

Midland National

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6%

Best S&P 500 Annual Cap

10%

Free W/D

50

Available jurisdictions

Product data status: September 18, 2026

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 MNL IndexBuilder 10 would do for you

Set your numbers and switch between growth strategies and liquidity scenarios. Index losses credit 0% — the floor — so a down market never reduces your value.

Product analyzer
Illustrative — live CANNEX rates as of September 18, 2026; not a projection or guarantee.
Crediting strategy
Compare against
$294,721
Est. value at age 80 (MNL IndexBuilder 10)
17%
Premium bonus offered
S&P 500 Index — 6% Cap (Annual)
✦
How crediting works: the cap limits positive index returns; a down year credits 0%, never a loss. A cap strategy tracks the index within its terms. What is a cap vs participation? →
Assumptions: illustrative — applies MNL IndexBuilder 10's published cap rate (6% 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. Growth starts from a bonus-adjusted illustrative account value: $100,000 premium + $17,000 premium bonus (17%) = $117,000. Bonus vesting and withdrawal treatment follow the contract. Not a projection, quote, or guarantee. Live CANNEX rates as of September 18, 2026.

Free Comparison Report

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See how MNL IndexBuilder 10 compares for your age, state, premium, and income goals alongside other Midland National fixed indexed annuity options.

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rate data

Run numbers for MNL IndexBuilder 10

rates, riders, crediting strategies, state availability, and contract facts stay scoped to this Midland National product.

Live product data

Rates as of September 18, 2026, from AdvisorWorld and CANNEX.

S&P 500 annual point-to-point cap

6% cap on S&P 500

A ten-year accumulation-focused fixed indexed annuity from A-plus-rated Midland National with an up-front premium bonus, a wide menu of S&P 500 / Nasdaq-100 caps and proprietary participation-rate strategies, and a mid-tier premium minimum — no income rider attached.

1-year term10-year surrender$75,000+AdvisorWorld + CANNEX data

Best fit

Buyers committing to a decade-long deferral who want the day-one boost of a premium-bonus FIA, are willing to compare tighter caps against the up-front bonus, and don't need a lifetime-income rider.

AM Best

A+ Superior

Surrender period

10 years

Free withdrawal

10%/yr

Availability

50 jurisdictions (excl. New York)

Minimum premium

$20,000

Featured crediting strategies

Index / strategyRate mechanics

S&P 500

S&P 500 Index

Monthly Point-to-Point · monthly sum cap

1.5% cap rate

Monthly cap

1-year term · 10-year surrender · $75,000+

S&P 500

S&P 500 Index

6% cap rate

Annual cap

1-year term · 10-year surrender · $75,000+

S&P 500

S&P 500 Index

6% trigger rate

Performance trigger

1-year term · 10-year surrender · $75,000+

S&P 500

S&P 500 Index

15% participation rate

Participation

1-year term · 10-year surrender · $75,000+

S&P 500

S&P 500 Index

25% participation rate

Participation

2-year term · 10-year surrender · $75,000+

Fixed Account

Fixed Account

3.1% declared rate

Fixed account

1-year term · 10-year surrender · $75,000+

+ 12 additional crediting options (S&P MARC, Fidelity Multifactor, S&P 500...)

Product analyst notes

How to think about this contract

Why it can stand out

  • Premium bonus is built into the contract — the chassis credits an up-front bonus on premium that vests across the surrender window, boosting the day-one accumulation value above the buyer's deposit. Bonus FIAs typically carry tighter caps in exchange for the up-front credit; compare net-of-bonus crediting versus a non-bonus alternative.
  • Wide strategy menu — the published feed shows many strategies on this product, spanning recognizable S&P 500 and Nasdaq-100 caps alongside participation-rate strategies on multiple proprietary volatility-controlled indexes. More crediting paths means more comparison work but also more flexibility.
  • A-plus rated carrier (A.M. Best) — Midland National is one of the larger fixed-annuity writers in the U.S.
  • Ten-year surrender chassis is the standard accumulation-FIA deferral length and aligns with the bonus vesting schedule.
  • Annual penalty-free withdrawal allowance plus nursing-home and RMD surrender-charge waivers.

What to confirm

  • There is no income rider on this contract — IndexBuilder 10 is an accumulation product with a premium bonus, not an income product. Buyers planning around lifetime income need to look at Midland's income-rider-bearing filings (Capital Income, IncomeVantage Pro, Summit Edge series) instead.
  • Premium-bonus chassis: the bonus has a year-by-year vesting schedule, so early surrender forfeits a portion of the bonus on top of the surrender charge and the MVA. The headline accumulation value at day one is larger than the buyer's actual locked-in capital until the bonus fully vests.
  • Several strategies are fee-bearing variants — the published cap on those is gross of the strategy fee, which can run a meaningful percentage and overstates the buyer's net credit versus the base-strategy cap on the same index. The strategy menu also contains monthly-sum cap options; those are structurally different and not comparable to an annual cap.
  • Premium minimum is published on the live feed and reflects a mid-tier floor — positioned above entry-level FIA premium minimums.
  • Caps on this product are tighter than on the non-bonus accumulation siblings in the lineup (a consequence of the premium-bonus chassis). Confirm the trade-off against a non-bonus alternative for the same surrender length.
  • Market value adjustment applies on early surrender on top of the surrender-charge ladder, which runs the full ten-year window.
  • Filed in 50 jurisdictions (every state and DC except New York) — New York residents are not on this contract.

Not ideal for

Anyone planning around lifetime income (no rider on this product), anyone shopping below the published premium minimum, anyone who may need full liquidity inside the ten-year surrender window (surrender charge, MVA, and bonus claw-back all layer together on early exit), and New York residents (not filed there).

Free Comparison Report

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See how MNL IndexBuilder 10 compares for your age, state, premium, and income goals alongside other Midland National fixed indexed annuity options.

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All crediting strategies

View rate listings (32 strategies)

These are the current crediting strategies available for this product. Use the filters to narrow by index, term, premium band, or rate type.

Par: 120% · 1-yr

S&P MARC 5% Excess Return

Enhanced Participation Rate · participation

10-yr surrender$75,000+

Par: 120% · 1-yr

Fidelity Multifactor Yield Index 5% ER

Enhanced Participation Rate · participation

10-yr surrender$75,000+

Par: 65% · 1-yr

S&P MARC 5% Excess Return

participation

10-yr surrender$75,000+

Par: 65% · 1-yr

Fidelity Multifactor Yield Index 5% ER

participation

10-yr surrender$75,000+

Par: 65% · 1-yr

S&P MARC 5% Excess Return

participation

10-yr surrender$75,000+

Par: 65% · 1-yr

Fidelity Multifactor Yield Index 5% ER

participation

10-yr surrender$75,000+

Par: 50% · 1-yr

Nasdaq-100 Volatility Control 12% Index

Enhanced Participation Rate · participation

10-yr surrender$75,000+

Par: 45% · 1-yr

S&P 500 Dynamic Intraday TCA Index (USD) ER

Enhanced Participation Rate · participation

10-yr surrender$75,000+

Par: 30% · 1-yr

S&P 500 Dynamic Intraday TCA Index (USD) ER

participation

10-yr surrender$75,000+

Par: 30% · 1-yr

Nasdaq-100 Volatility Control 12% Index

participation

10-yr surrender$75,000+

Par: 30% · 1-yr

S&P 500 Dynamic Intraday TCA Index (USD) ER

participation

10-yr surrender$75,000+

Par: 30% · 1-yr

Nasdaq-100 Volatility Control 12% Index

participation

10-yr surrender$75,000+

Par: 15% · 1-yr

S&P 500 Index

participation

10-yr surrender$75,000+

Par: 15% · 1-yr

S&P 500 Index

participation

10-yr surrender$75,000+

Cap: 6% · 1-yr

S&P 500 Index

cap

10-yr surrender$75,000+

Trigger: 6% · 1-yr

S&P 500 Index

trigger

10-yr surrender$75,000+

Cap: 6% · 1-yr

S&P 500 Index

cap

10-yr surrender$75,000+

Trigger: 6% · 1-yr

S&P 500 Index

trigger

10-yr surrender$75,000+

Fixed: 3.1% · 1-yr

Fixed Account

fixed

10-yr surrender$75,000+

Fixed: 3.1% · 1-yr

Fixed Account

fixed

10-yr surrender$75,000+

Cap: 1.5% · 1-yr

S&P 500 Index

Monthly Point-to-Point · monthly_sum_cap

10-yr surrender$75,000+

Cap: 1.5% · 1-yr

S&P 500 Index

Monthly Point-to-Point · monthly_sum_cap

10-yr surrender$75,000+

Par: 110% · 2-yr

Fidelity Multifactor Yield Index 5% ER

participation

10-yr surrender$75,000+

Par: 110% · 2-yr

Fidelity Multifactor Yield Index 5% ER

participation

10-yr surrender$75,000+

Par: 105% · 2-yr

S&P MARC 5% Excess Return

participation

10-yr surrender$75,000+

Par: 105% · 2-yr

S&P MARC 5% Excess Return

participation

10-yr surrender$75,000+

Par: 45% · 2-yr

Nasdaq-100 Volatility Control 12% Index

participation

10-yr surrender$75,000+

Par: 45% · 2-yr

Nasdaq-100 Volatility Control 12% Index

participation

10-yr surrender$75,000+

Par: 40% · 2-yr

S&P 500 Dynamic Intraday TCA Index (USD) ER

participation

10-yr surrender$75,000+

Par: 40% · 2-yr

S&P 500 Dynamic Intraday TCA Index (USD) ER

participation

10-yr surrender$75,000+

Par: 25% · 2-yr

S&P 500 Index

participation

10-yr surrender$75,000+

Par: 25% · 2-yr

S&P 500 Index

participation

10-yr surrender$75,000+

Accumulation profile

Accumulation-focused contract

The CANNEX information identifies this product as tax-deferred accumulation. Compare cap, participation rate, fees, liquidity, and surrender terms; use a separate payout-focused contract when guaranteed payout mechanics are required.

Common questions about MNL IndexBuilder 10

● Can I lose money in MNL IndexBuilder 10?

A negative index return by itself does not reduce the contract's account value: MNL IndexBuilder 10 credits 0% — the floor — for that indexed period. The account value can still decrease from published strategy fees, 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.

● 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 MNL IndexBuilder 10's crediting strategies compare?

Use "Compare against" in the analyzer to overlay another available MNL IndexBuilder 10 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

Premium bonus

17%

Bonus terms can vary by state, premium band, and rider election.

Death benefit

Accumulation Value Death Benefit

Beneficiary value depends on contract terms, withdrawals, and rider elections.

Cap-rate floor

0.25%

Minimum guaranteed cap for cap-based indexed strategies.

Declared-rate floor

0.25%

Minimum guaranteed declared rate for declared-rate or performance-trigger strategies.

Fixed account guarantee

0.25%

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, Joint life, 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

9%

Yr 2

8.5%

Yr 3

7.5%

Yr 4

6.5%

Yr 5

5.5%

Yr 6

4.5%

Yr 7

3.5%

Yr 8

3%

Yr 9

2%

Yr 10

1%

After

0%

Nursing home waiver, RMD waiver

Documents

brochure

29720Y-1 - MNL IndexBuilder 10 brochure-2.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

MNL IndexBuilder 10 currently shows 32 indexed or fixed crediting options, including S&P 500 Index, with 20 volatility-controlled index options grouped separately. These choices matter because caps, participation rates, fixed accounts, spreads, renewal terms, and fee-bearing strategy variants are different mechanics and should not be ranked as one simple rate list.

  • S&P 500 Index: 1.5% monthly point-to-point cap, 0% annual strategy fee
  • S&P 500 Index: 6% annual cap, 0% annual strategy fee
  • S&P 500 Index: 1.5% monthly point-to-point cap
  • S&P 500 Index: 6% annual cap

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 29720Y-1 - MNL IndexBuilder 10 brochure-2.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

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See how MNL IndexBuilder 10 compares for your age, state, premium, and income goals alongside other Midland National fixed indexed annuity options.

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