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

Oak ADVantage℠ is a Single Premium Deferred Annuity (SPDA) that credits a fixed interest rate for the entire duration of the selected guarantee period (3, 5, or 7 years). The owner makes a one-time premium payment and 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; withdrawals above that 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, surrender, or annuitize, and if no election is made, the contract automatically renews into the same guarantee period (subject to the maturity-date limitation noted in the materials).

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

The minimum premium amount is $50,000.

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

The maximum issue age is 90 years.

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

The current interest rate is 5.15%.

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

Withdrawals in excess of the free amount (the prior-year interest) or surrendering the contract before the end of the 3-, 5-, or 7-year surrender charge period may result in an early withdrawal charge and may also incur an MVA. The brochure describes the early withdrawal charge as 3% during the surrender-charge period, and explains that the MVA can either increase or decrease the surrender value. All funds become fully penalty-free at the end of the guarantee period or during the renewal election window described above.

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

The best available rate is 5.15% for a 3 year term.

Midland National

Midland National – Oak ADVantage (3-, 5- and 7-year terms)

About this product

The Midland National Oak ADVantage℠ is a single-premium multi-year guaranteed annuity (MYGA) issued by Midland National® Life Insurance Company that provides fixed, tax-deferred interest growth and principal protection across 3-, 5-, and 7-year guarantee periods. It is built for conservative accumulation by locking in a guaranteed rate for the selected term, shielding contract value from market downturns, and offering renewal flexibility at the end of each guarantee period.

Available Rates

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

3 Years	5.15%
5 Years	5.05%
7 Years	5.05%

Available Guarantee Periods

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

$50,000.00 - $1,000,000.00

5.15%

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