What is the minimum guaranteed surrender value for Midland MNL Guarantee Pro®?

This annuity contract allows individuals to lock in a fixed interest rate for a set period and renew upon term maturity. Interest is credited daily, and owners can select payout options or renew for additional terms. The policy includes features like penalty-free interest withdrawals, a death benefit for beneficiaries, and a nursing home waiver. It supports both qualified and non-qualified funds and offers benefits such as avoiding probate and optional income payouts.

What is the minimum premium amount for Midland MNL Guarantee Pro®?

The minimum premium amount is $20,000.

What is the maximum issue age for Midland MNL Guarantee Pro®?

The maximum issue age is 90 years.

What is the current interest rate for Midland MNL Guarantee Pro®?

The current interest rate is 4.25%.

What is the surrender charge schedule for Midland MNL Guarantee Pro®?

During the guarantee period, a surrender charge is assessed on any amount withdrawn, whether as a partial or full surrender, that exceeds the penalty-free amount applicable and may result in a loss of premium. A surrender during each guarantee period could result in a loss of premium. Surrender charge schedule varies by guarantee term. For example, the 5-year term has an 8% charge in years 1–2, decreasing to 5% in year 5.

What are the best rates available for Midland MNL Guarantee Pro®?

The best available rate is 5.05% for a 5 year term.

Midland National

Midland MNL Guarantee Pro®

About this product

MNL Guarantee Pro is a single-premium multi-year guarantee annuity (MYGA) designed to help protect retirement savings while offering tax-deferred growth and guaranteed fixed interest rates for three, five, or seven years. The annuity provides flexibility through penalty-free interest withdrawals and income options after the guarantee period. It is issued by Midland National Life Insurance Company, known for its financial strength and long-standing commitment to policyholder.

Available Rates

Rates are based on current simulation settings with premium amount $100,000.00

3 Years	4.65%
5 Years	5.05%

Available Guarantee Periods

Rates are based on current simulation settings with premium amount $100,000.00

$20,000.00 - $99,999.00	4.25%
$100,000.00 - $1,000,000.00	4.65%

Features
Maximum Issue Age	90 years

Lifetime Income Details

Payout Options

Annuitization

Lump Sum Withdrawal

Additional Options

Actual payout options may vary by insurance carrier and specific products. Common alternatives include:

Life Income Only: Payments for the rest of your life, stopping upon death
Period Certain: Guaranteed payments for a specific time period (5, 10, 15, or 20 years)
Life with Period Certain: Lifetime payments with a minimum guaranteed period
Joint Life: Payments continue for both you and your spouse's lifetimes
Systematic Withdrawal: Regular withdrawals of a specified amount or percentage