Summit Laddered
Midland National
10%
Free W/D
48
States
Summit Laddered is a fixed index annuity that automatically manages premium allocations across multiple crediting terms, providing market downside protection with index-linked growth potential for clients seeking simplified retirement planning.
Free Withdrawal
10%/yr
Available In
48 states
Min Premium
$20,000
Surrender
7 years
Current Rates & Strategies
| Index | Crediting | Cap | Participation | Fixed |
|---|---|---|---|---|
| Nasdaq-100 Volatility Control 12% Index | 2-Year | -- | 90% | -- |
| Nasdaq-100 Volatility Control 12% Index | 3Y | -- | 115% | -- |
| Nasdaq-100 Volatility Control 12% Index | 4Y | -- | 140% | -- |
| Nasdaq-100 Volatility Control 12% Index | Annual | -- | 70% | -- |
| S&P 500 Dynamic Intraday TCA Index (USD) ER | 2-Year | -- | 80% | -- |
| S&P 500 Dynamic Intraday TCA Index (USD) ER | 3Y | -- | 100% | -- |
| S&P 500 Dynamic Intraday TCA Index (USD) ER | 4Y | -- | 130% | -- |
| S&P 500 Dynamic Intraday TCA Index (USD) ER | Annual | -- | 60% | -- |
| S&P 500 Index | 2-Year | -- | 55% | -- |
| S&P 500 Index | 3Y | -- | 65% | -- |
| S&P 500 Index | 4Y | -- | 65% | -- |
| S&P 500 Index | Annual | -- | 55% | -- |
| Fixed Account | Annual | -- | -- | -- |
| Fixed Account | Daily | -- | -- | 4.1% |
Key Features
Laddered Allocation Strategy
No manual reallocation requiredPremium is automatically diversified across four strategies with varying crediting term lengths that transfer to new terms throughout the surrender charge period
Market Protection
Principal protectedGuarantees no loss of premium due to market downturns or fluctuations
Index-Linked Growth
Upside potential with downside protectionInterest credited based on performance of specific indices without direct stock market investment
Surrender Charge Periods
5 or 7 yearsClients choose either a 5-year or 7-year surrender charge period at contract issue
Fixed Account Option
Allocation flexibilityA traditional fixed account is available as an alternative to index-linked options
Highlights
Automatic laddered allocation strategy removes the need for annual or biannual reallocations
Built-in diversification across four strategies with varying crediting term lengths to help smooth timing risk
Downside protection from market losses combined with index-linked upside potential
Set-it-and-forget-it simplicity—clients decide allocation once at issue and nothing needs adjustment
Surrender Schedule
Yr 1
8%
Yr 2
7%
Yr 3
6%
Yr 4
5%
Yr 5
4%
Yr 6
3%
Yr 7
2%
After
0%
Nursing home waiver, RMD waiver
Best For
Clients seeking market downside protection with growth potential who want to avoid ongoing reallocation decisions and prefer a streamlined, automatically managed approach to retirement planning.
Consider Alternatives If
Clients who need frequent access to their money or require maximum liquidity, as fixed index annuities are long-term insurance products with surrender charge periods.
Carrier Ratings
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