Summit Focus 3
Midland National
30%
Best Cap
5%
Free W/D
49
States
Summit Focus 3 is a three-year fixed index annuity designed for those who want straightforward growth with market protection. It's ideal for investors in transition who prefer simplicity and stable crediting rates without complexity.
Free Withdrawal
5%/yr
Available In
49 states
Min Premium
$25,000
Surrender
3 years
Current Rates & Strategies
| Index | Crediting | Cap | Participation | Fixed |
|---|---|---|---|---|
| BlackRock ESG U.S. 5% Index ER | 3Y | -- | 200% | -- |
| S&P 500 Index | 3Y | 30% | 100% | -- |
| Fixed Account | Daily | -- | -- | 3.7% |
Key Features
Guaranteed Crediting Rates
3 years locked inCrediting rates are determined at issue and guaranteed to remain the same for the entire three-year term, eliminating year-to-year renewal rate uncertainty
Premium Protection
100% protectionIf index performance is flat or negative over the three-year period, no interest is credited but your premium is never lost due to market downturns
Index Options
2 indexes + fixed accountAccess to S&P 500 Index and BlackRock ESG US 5% Index ER, plus a fixed account option
Crediting Methods
Multiple options availableChoose from point-to-point crediting with cap rates, participation rates, or enhanced versions with a strategy fee for higher potential returns
Penalty-Free Withdrawals
5% annual accessAccess up to 5% of beginning-of-year accumulation value annually without surrender charges starting in year one
Nursing Home Waiver
Included at no chargeBeginning in year two, up to 100% of accumulation value available penalty-free if confined to nursing care for 90+ days
Short Surrender Period
3-year termThree-year surrender charge period (most states: 8%, 8%, 7% in years 1-3), then automatic renewal or transfer with no charges in the 30-day window
Highlights
Three-year commitment with guaranteed crediting rates that never change during the term
100% protection against stock market losses while maintaining upside growth potential
Simple choice between two quality index options or a fixed account—no complicated menu
Issued by A+ (Superior) rated company with over a century of financial strength
Tax-deferred growth with flexible withdrawal options including 5% penalty-free annual access
Surrender Schedule
Yr 1
8%
Yr 2
8%
Yr 3
7%
After
0%
Nursing home waiver, RMD waiver
Best For
Investors age 0-80 seeking a short-term, straightforward annuity with market protection who want guaranteed crediting rates and don't want complexity or long-term commitment.
Consider Alternatives If
Those requiring income immediately or seeking guaranteed growth—this product protects principal but doesn't guarantee positive returns if markets underperform.
Carrier Ratings
Free Comparison Report
Get a personalized Summit Focus 3 illustration
See year-by-year projections for your specific age, premium, and income goals.