Summit Edge 10
Midland National
12.75%
Best Cap
10%
Free W/D
50
States
A fixed index annuity that provides downside protection when markets fall while allowing you to participate in upside gains when markets rise. Ideal for pre-retirees and retirees who want stability without direct stock market exposure.
Free Withdrawal
10%/yr
Available In
50 states
Min Premium
$5,000
Surrender
10 years
Current Rates & Strategies
| Index | Crediting | Cap | Participation | Fixed |
|---|---|---|---|---|
| Fidelity Multifactor Yield Index 5% ER | 2-Year | -- | 160% | -- |
| Fidelity Multifactor Yield Index 5% ER | Annual | -- | 130% | -- |
| S&P 500 Dynamic Intraday TCA Index (USD) ER | 2-Year | -- | 115% | -- |
| S&P 500 Dynamic Intraday TCA Index (USD) ER | Annual | 12.75% | 100% | -- |
| S&P 500 Index | 2-Year | -- | 55% | -- |
| S&P 500 Index | Annual | 8.5% | 100% | -- |
| S&P 500 Index | Monthly | 2% | 100% | -- |
| S&P MARC 5% Excess Return | 2-Year | -- | 150% | -- |
| S&P MARC 5% Excess Return | Annual | -- | 110% | -- |
| Fixed Account | Daily | -- | -- | 2.4% |
Key Features
Premium Protection
0% minimum annual creditYour initial premium cannot decrease due to market downturns. The annuity applies a 0% floor to interest credits.
Annual Reset
Gains locked annuallyInterest earned each year is locked in and cannot be lost to future market declines.
Index Options
5 index choicesChoose from 5 market indices including S&P 500, multi-asset diversified indices, and ESG-focused options.
Crediting Methods
8 crediting methodsSelect how interest is calculated: annual point-to-point, two-year point-to-point, monthly point-to-point, or downside protection strategy.
Penalty-Free Withdrawals
10% annual accessWithdraw up to 10% of your beginning-of-year accumulation value annually without surrender charges.
Nursing Home Waiver
Full access if qualifiedAccess up to 100% of your account value penalty-free if you require confinement to a qualified nursing care facility.
Death Benefit
Legacy protectionYour beneficiaries receive your accumulation value plus any partial-year interest credits—based on account value, not market performance.
AV TrueUp
Premium protection guaranteeIf strategy charges exceed interest credited during your contract term, you receive a one-time refund at the end of the surrender period to protect your premium.
Highlights
Premium protection against market downturns with a 0% floor—you never lose your initial investment due to market losses
Growth potential linked to multiple market indices without directly owning stocks
Annual reset feature locks in gains each year, so market declines can't erase previous earnings
Multiple index and crediting method options let you customize your strategy based on market outlook
Flexible access including penalty-free withdrawals up to 10% annually and nursing home waiver
Surrender Schedule
Yr 1
9%
Yr 2
8.5%
Yr 3
7.5%
Yr 4
6.5%
Yr 5
5.5%
Yr 6
4.5%
Yr 7
3.5%
Yr 8
3%
Yr 9
2%
Yr 10
1%
After
0%
Nursing home waiver, RMD waiver
Best For
Pre-retirees and retirees aged 0-79 who want to balance portfolio growth with market downside protection, especially those concerned about significant losses near or during retirement.
Consider Alternatives If
Investors seeking direct stock market exposure or those needing immediate, penalty-free access to all their funds should avoid this product.
Carrier Ratings
Free Comparison Report
Get a personalized Summit Edge 10 illustration
See year-by-year projections for your specific age, premium, and income goals.