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...

Details

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...

Details

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...

Details

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...

Details

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...

Details

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...

Details

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...

Details

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...

Details

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

Midland National Products

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