MNL IncomeVantage Pro
Midland National
7%
Best Cap
5%
Free W/D
50
States
A fixed index annuity designed for people aged 40-79 seeking reliable income growth tied to market indices without downside risk, while maintaining access to their money and leaving a legacy.
Free Withdrawal
5%/yr
Available In
50 states
Min Premium
$20,000
Surrender
10 years
Current Rates & Strategies
| Index | Crediting | Cap | Participation | Fixed |
|---|---|---|---|---|
| Fidelity Multifactor Yield Index 5% ER | 2-Year | -- | 210% | -- |
| Fidelity Multifactor Yield Index 5% ER | Annual | -- | 190% | -- |
| Nasdaq-100 Volatility Control 12% Index | 2-Year | -- | 80% | -- |
| Nasdaq-100 Volatility Control 12% Index | Annual | -- | 80% | -- |
| S&P 500 Dynamic Intraday TCA Index (USD) ER | 2-Year | -- | 70% | -- |
| S&P 500 Dynamic Intraday TCA Index (USD) ER | Annual | -- | 50% | -- |
| S&P 500 Index | 2-Year | -- | 50% | -- |
| S&P 500 Index | Annual | 7% | 100% | -- |
| S&P 500 Index | Monthly | 2.25% | 100% | -- |
| S&P MARC 5% Excess Return | 2-Year | -- | 200% | -- |
| S&P MARC 5% Excess Return | Annual | -- | 140% | -- |
| Fixed Account | Daily | -- | -- | 3.45% |
Key Features
Lifetime Payment Amount (LPA)
3.2% to 6.3% depending on age at issue and payment structureA guaranteed income benefit that grows by 2% of the benefit base plus 150% of accumulation value gains annually, available in increasing or level payment options
Interest Crediting Methods
9 methods availableNine different crediting strategies to choose from, including fixed rates, annual/two-year/monthly/daily point-to-point options, and inverse performance triggers
Penalty-Free Withdrawals
Up to 5% annually beginning year 2Ability to withdraw up to 5% of beginning-of-year accumulation value annually starting in year two, plus RMDs taken without penalty
Surrender Charge Schedule
10% declining to 0% over 11 yearsDeclining penalty schedule for early withdrawals beyond the 5% annual free amount, reducing from 10% in years 1-5 to 0% in year 11 and beyond
Enhanced Death Benefit
5-year payout or lump sum optionAllows beneficiaries to receive the benefit base paid out over five equal annual payments or any remaining accumulation value as a lump sum
Issue Age Range
Ages 40-79Contract available for individuals in retirement-planning years
Minimum Premium
$20,000 single premiumEntry requirement for both qualified retirement accounts and non-qualified investments
Highlights
Guaranteed roll-up credit of 2% annually plus 150% of index gains protects income potential even during market downturns
Multiple index crediting methods including point-to-point, daily average, and inverse performance options provide flexibility
Lifetime payment amounts range from 3.2% to 6.3% depending on age and annuitant type, with increasing or level options
Penalty-free withdrawals up to 5% annually starting year two, plus RMD flexibility
Enhanced death benefit option allows beneficiaries to receive benefit base over five years or as lump sum
Surrender Schedule
Yr 1
10%
Yr 2
10%
Yr 3
10%
Yr 4
10%
Yr 5
10%
Yr 6
9%
Yr 7
8%
Yr 8
6%
Yr 9
4%
Yr 10
2%
After
0%
Nursing home waiver, RMD waiver
Best For
Individuals aged 40-79 seeking guaranteed lifetime income with market-linked growth, principal protection, and the flexibility to access their money without surrender penalties.
Consider Alternatives If
Investors seeking immediate liquidity, those who cannot accept a 10-year surrender period, or individuals primarily focused on aggressive growth without income guarantees.
Carrier Ratings
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