
Midland OAK ADVantage
About this product
The Oak ADVantage is a single-premium, fixed annuity contract offering guaranteed interest rates for 3, 5, or 7 years. Designed for conservative investors, it allows for dependable growth and tax-deferred accumulation, making it suitable for those approaching retirement or seeking protection from market downturns. The annuity is issued by Midland National Life Insurance Company and includes flexible renewal options, legacy benefits, and limited liquidity features during the surrender period.
Available Rates
Rates are based on current simulation settings with premium amount $100,000.00
3 Years | 5.15% |
5 Years | 5.40% |
7 Years | 5.40% |
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
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