Midland National

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Financial Ratings

A.M. Best A+Stable

Fitch A+Stable

About Midland National

Midland National Life Insurance Company, founded in 1906, is a well-established provider of life insurance and annuity products. Headquartered in Sioux Falls, South Dakota, with its annuity division in West Des Moines, Iowa, the company serves customers across the United States (excluding New York). It operates as a member of Sammons Financial Group, Inc., a privately held financial organization. Midland National offers a wide range of financial products, including term life, whole life, universal life, indexed universal life insurance, and fixed and fixed indexed annuities. Known for its strong financial stability, the company holds an A+ rating from A.M. Best, S&P Global Ratings, and Fitch Ratings. Midland National emphasizes long-term financial strength and customer-focused service, managing over one million active policies and paying hundreds of millions in claims annually.

Product Lineup

Capital Income

Fixed Indexed Annuity

Fixed Index Annuity with Income Protection & Care Benefit

Annual Reset0% floor on losses

Guaranteed Lifetime Income1.00% annual rider cost

Health-Activated Income Multiplier200% multiplier for single payout

Multiple Growth StrategiesParticipation rates, cap rates, or margin options available

Best for: Retirees and near-retirees (age 50-80) seeking guaranteed lifetime income with d...

IndexMax ADV

Fixed Indexed Annuity

Principal-Protected Index Growth with Tax Deferral

Minimum Premium$50,000

Interest Crediting MethodsBlackRock ESG US 5% Index ER, Fidelity Multifactor Yield Index 5% ER, S&P 500 Low Volatility 5% Index ER, or Fixed

Surrender Charge Period5-year or 7-year initial terms

Penalty-Free WithdrawalsUp to 10% of beginning-of-year accumulation value annually

Best for: Investors nearing or in retirement who want tax-deferred growth, principal prote...

LiveWell Guarantee Max

Multi-Year Guaranteed

Guaranteed growth. Predictable retirement.

Guaranteed Interest RateRate varies by premium amount and term selected

Premium Range$20,000 to $1,000,000

Tax-Deferred GrowthNo annual tax liability during accumulation phase

Penalty-Free WithdrawalsEqual to prior year interest earned

Best for: Conservative retirees and pre-retirees who value guaranteed income, predictabili...

LiveWell Preferred Fixed Index Annuity

Fixed Indexed Annuity

Principal Protection + Market Potential

Principal Protection100% of initial premium protected

Three Crediting OptionsFixed, capped, or margin-based crediting methods

Tax-Deferred GrowthCompound growth without annual tax drag

Guaranteed Lifetime Income (Optional)Lifetime Payment Percentages from 4.0% to 6.5% based on age

Best for: Conservative investors age 45-85 who are planning for retirement within 5-10 yea...

MNL Endeavor 8

Fixed Indexed Annuity

Growth + Protection. Market upside. Downside safety.

Downside Protection0% floor on interest credits

Index Crediting Methods6 crediting method options

Index Variety9 index options available

Annual Reset FeatureGuaranteed annually

Best for: Retirees and near-retirees who want market-linked growth with principal protecti...

MNL Guarantee Pro

Multi-Year Guaranteed

Guaranteed rates. Flexible access. Peace of mind.

Guaranteed Interest Rate3, 5, or 7-year options

Minimum Premium$20,000 minimum; higher rates at $100,000+

Penalty-Free WithdrawalsUp to annual interest earned penalty-free

Nursing Home WaiverFull access in qualifying circumstances

Best for: Retirees and pre-retirees who want guaranteed, predictable growth with flexibili...

MNL IncomeVantage Pro

Fixed Indexed Annuity

Guaranteed income growth with market upside, no downside risk

Lifetime Payment Amount (LPA)3.2% to 6.3% depending on age at issue and payment structure

Interest Crediting Methods9 methods available

Penalty-Free WithdrawalsUp to 5% annually beginning year 2

Surrender Charge Schedule10% declining to 0% over 11 years

Best for: Individuals aged 40-79 seeking guaranteed lifetime income with market-linked gro...

MNL IndexBuilder 10

Fixed Indexed Annuity

Protected Growth + Premium Bonus for Retirement

Premium BonusUp to 10% base bonus + 7% enhanced bonus (with optional rider) = up to 17% total

Penalty-Free Withdrawals10% standard (or 20% maximum in years with no prior withdrawals if you have optional rider)

Index Strategy Options17 total strategies including S&P 500, multi-asset risk control, ESG, dividend-focused, and low-volatility options

Death Benefit100% of accumulated funds pass to heirs

Best for: Retirees or near-retirees who want market growth potential with downside protect...

MNL RetireVantage 10

Fixed Indexed Annuity

Growth potential with retirement income flexibility

Multiple Index StrategiesS&P 500, Nasdaq-100, Fidelity Multifactor Yield Index and others

Enhanced Crediting MethodsHigher growth potential for a set fee

Penalty-Free Withdrawals10% annual penalty-free access

Nursing Home Confinement WaiverAutomatic inclusion, no additional charge

Best for: Individuals seeking long-term retirement income with tax deferral who want marke...

Oak ADVantage

Multi-Year Guaranteed

Guaranteed growth. Tax-deferred. No market risk.

Guaranteed Fixed Interest Rate3-, 5-, or 7-year guarantee periods

Tax-Deferred GrowthDefer taxes until withdrawal

Penalty-Free Interest WithdrawalsUp to 100% of annual interest earned

No Upfront Costs0% initial charges

Best for: People approaching or in retirement who want guaranteed returns, tax deferral, a...

Summit Discovery 7

Fixed Indexed Annuity

Protected income + market growth opportunity

Guaranteed Lifetime Withdrawal Benefit (GLWB)No additional cost

GLWB Stacking Roll-Up Credit3% + 150% of accumulation gains

LPA Multiplier BenefitUp to 5 years of doubled payments

Premium Protection & Annual Reset0% floor on losses

Best for: Retirees or pre-retirees aged 40-85 concerned about market volatility, longevity...

Summit Edge 10

Fixed Indexed Annuity

Market protection + growth potential

Premium Protection0% minimum annual credit

Annual ResetGains locked annually

Index Options5 index choices

Crediting Methods8 crediting methods

Best for: Pre-retirees and retirees aged 0-79 who want to balance portfolio growth with ma...

Summit Edge 5

Fixed Indexed Annuity

Growth + Protection. Market-Linked Returns, Downside Protection.

Annual Reset (Premium Protection)0% floor on returns

Multiple Index Options6 index choices

Flexible Crediting Methods9+ crediting options

Penalty-Free Withdrawals10% per year penalty-free

Best for: People within 5-10 years of retirement who want to reduce their exposure to mark...

Summit Edge 7

Fixed Indexed Annuity

Growth with downside protection. Lock in gains. Sleep well.

Premium Protection0% minimum annual credit

Annual ResetGains locked in annually

Multiple Index Options5 index options available

Flexible Crediting Methods8 crediting method combinations

Best for: Individuals age 0-85 approaching or in retirement who want portfolio growth tied...

Summit Focus 3

Fixed Indexed Annuity

3-Year FIA: Simple Growth + Full Market Protection

Guaranteed Crediting Rates3 years locked in

Premium Protection100% protection

Index Options2 indexes + fixed account

Crediting MethodsMultiple options available

Best for: Investors age 0-80 seeking a short-term, straightforward annuity with market pro...

Summit Journey 10

Fixed Indexed Annuity

Guaranteed lifetime income. Market growth. Premium protection.

Guaranteed Lifetime Withdrawal Benefit (GLWB)6.25% to 10.10% annual withdrawal rates depending on age and payment option

GLWB Roll-Up7.50% simple interest annually for up to 10 years

LPA MultiplierAvailable starting year 3; up to 5 years of doubled payments

Market Growth PotentialMultiple index options including S&P 500, S&P Multi-Asset Risk Control, and Fidelity Multifactor Yield Index

Best for: Retirees or near-retirees age 40-79 who want guaranteed lifetime income, market-...

Summit Navigate

Fixed Indexed Annuity

Protected growth with layered annual and term credits

Annual Performance Credits (APC)Declared at issue

Term Participation Credit (TPC)100% of index growth

Principal Protection100% premium protection

Index Options2 managed indices

Best for: Retirees and near-retirees who want principal protection from market declines wh...

Financial Ratings

Live from CANNEX

Rating Agency

A.M. Best

Rating

A+

Description

Superior

Effective

February 26, 2014

Rating Agency

Fitch

Rating

A+

Description

Strong

Effective

May 10, 2017

Rating Agency

Standard & Poor's

Rating

A+

Description

Strong

Effective

February 26, 2014

Rating Analysis

Midland National Life Insurance Company, a member of the Sammons Financial Group, holds an A+ (Superior) rating from A.M. Best and A+ ratings from both S&P and Fitch. Headquartered in West Des Moines, Iowa, Midland National is a major player in fixed indexed annuities, offering a wide range of crediting strategies and income rider options.

Midland National Products

Fixed Indexed Annuities

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Multi-Year Guaranteed Annuities

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Immediate Annuities (SPIA)

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Deferred Income Annuities (DIA)

Explore Midland National deferred income and QLAC products.

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Free Comparison Report

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Midland National Discussions

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