What is the minimum guaranteed surrender value for Midland National – MNL Guarantee Pro (3-, 5- and 7-year terms)?

MNL Guarantee Pro is a Single Premium Deferred Annuity (SPDA) that credits a fixed interest rate for the entire duration of the selected 3-, 5-, or 7-year guarantee period. The owner makes a one-time premium payment and selects a term, during which interest grows tax-deferred. After the first contract anniversary, the policy allows penalty-free withdrawals equal to the interest earned in the prior contract year, while withdrawals above this amount may be subject to surrender charges and a Market Value Adjustment (MVA). At the end of the guarantee period, a 30-day window provides flexibility to renew into a new 3-, 5-, or 7-year term (subject to the contract maturity date), elect a payout option, or withdraw the accumulation value without surrender charges or MVA.

What is the minimum premium amount for Midland National – MNL Guarantee Pro (3-, 5- and 7-year terms)?

The minimum premium amount is $20,000.

What is the maximum issue age for Midland National – MNL Guarantee Pro (3-, 5- and 7-year terms)?

The maximum issue age is 90 years.

What is the current interest rate for Midland National – MNL Guarantee Pro (3-, 5- and 7-year terms)?

The current interest rate is 4.1%.

What is the surrender charge schedule for Midland National – MNL Guarantee Pro (3-, 5- and 7-year terms)?

Withdrawals exceeding the penalty-free amount, or a full surrender during the guarantee period, are subject to surrender charges and may also incur an MVA. Charges decline each year until reaching 0% at the end of the term. All funds become fully penalty-free at the end of the guarantee period or during the 30-day renewal window. Surrender charge structures may vary by state, and the brochure notes that a surrender during the guarantee period could result in a loss of premium.

What are the best rates available for Midland National – MNL Guarantee Pro (3-, 5- and 7-year terms)?

The best available rate is 4.70% for a 7 year term.

Midland National

Midland National – MNL Guarantee Pro (3-, 5- and 7-year terms)

About this product

The Midland National MNL Guarantee Pro® is a single-premium Multi-Year Guaranteed Annuity (MYGA) issued by Midland National® Life Insurance Company that provides fixed, tax-deferred interest growth and full principal protection across 3-, 5-, and 7-year guarantee periods. It offers contractually guaranteed rates for the selected term, simple premium-band pricing (higher rates for $100,000+), and straightforward access features designed for conservative clients seeking stable accumulation and predictable returns.

Available Rates

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

3 Years	4.50%
5 Years	4.80%
7 Years	4.70%

Available Guarantee Periods

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

$20,000.00 - $99,999.00	4.1%
$100,000.00 - $1,000,000.00	4.5%

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