For the LiveWell® Mutual Fund IRA Series and the LiveWell® Variable Annuity
Variable annuities are designed for long-term investing, such as retirement investing and are subject to market risk including loss of principal.
Investing in mutual funds and variable annuities involves risk, including the potential loss of investment. You should consider the investment objectives, risks, charges and expenses of the mutual fund or variable annuity and its underlying investment options carefully before investing. The prospectus and/or summary prospectus contain this and other information. You may contact your financial professional or call 866-747-3421 to obtain a current prospectus for the mutual fund or the variable annuity and its underlying investment options. Please read it carefully.
You should also consider the expenses of the IRA program before investing. You must receive a fund prospectus and the LiveWell® Mutual Fund IRA or LiveWell® Plus Mutual Fund IRA disclosure form before investing.
IRAs are considered a long term investment. Withdrawals from a Traditional or SEP-IRA are generally subject to income taxes, and if taken before age 59½, may be subject to an additional 10% IRS tax penalty. Withdrawals from a Roth IRA are generally not subject to income tax provided certain requirements are met. Information on Traditional, Roth, and SEP-IRAs is available in the LiveWell® Mutual Fund IRA or LiveWell® Plus Mutual Fund IRA disclosure.
Sammons Retirement Solutions® Inc. does not give tax or legal advice. Please consult with and rely upon your own tax and legal advisers.
Securities distributed by Sammons Financial Network® LLC, member FINRA. Insurance products are issued by Midland National® Life Insurance Company (West Des Moines, IA). Sammons Retirement Solutions® Inc. provides administrative services. Sammons Financial Network® LLC, Midland National® Life Insurance Company and Sammons Retirement Solutions are indirect wholly owned subsidiaries of Sammons Enterprises, Inc. of Dallas, Texas.
UMB Bank n.a. is the custodian for the LiveWell® Mutual Fund IRA Series. The mutual funds offered through the LiveWell® Mutual Fund IRA Series are made available through Sammons Financial Network® LLC (SFN), member FINRA, 4546 Corporate Drive, Suite 100, West Des Moines, IA 50266. Information about the LiveWell® Mutual Fund IRA Series and the funds can be obtained by calling 866-747-3421. UMB Bank n.a. is not an affiliate of Sammons Retirement Solutions® Inc.
LiveWell® Variable Annuity is issued on form AS135A and ICC11-AS135A, or appropriate state variations by Midland National® Life Insurance Company, West Des Moines, Iowa 50266.
The distributor for Midland National's variable products is Sammons Financial Network® LLC, member FINRA. Sammons Financial Network® LLC is a registered broker/dealer under the Securities Exchange Act of 1934. Sammons Financial Network® LLC is an indirect wholly owned subsidiary of Sammons Enterprises, Inc., of Dallas, Texas, the ultimate parent company of Midland National® Life Insurance Company and Sammons Retirement Solutions® Inc.
This contract, or any of its riders, is not designed for resale or speculation, arbitrage, viatical settlements or any type of collective investment scheme. This contract may not be traded on any stock exchange or secondary market. By purchasing this contract, you represent and warrant that you are not purchasing or intending to use this contract, or any of its riders, for resale, speculation, arbitrage, viatical settlements or any type of collective investment scheme.
Transparent Value Advisors, LLC, Guggenheim Distributors, LLC (f/k/a Rydex Distributors, Inc.), and Security Investors, LLC (d/b/a Guggenheim Investments) are subsidiaries of Guggenheim Partners, LLC ("Guggenheim"). Guggenheim is a global diversified financial services firm that provides asset management, investment banking and capital markets services, along with insurance, institutional finance, and investment advisory solutions. Guggenheim is an indirect, partially owned subsidiary of Sammons Enterprises, Inc. which is also the parent company of Midland National® Life Insurance Company and Sammons Retirement Solutions® Inc.
NOT FDIC/NCUA INSURED, MAY LOSE VALUE INCLUDING LOSS OF PRINCIPAL, NO BANK GUARANTEE, NOT A DEPOSIT, NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY.
For the LiveWell® Fixed Index Annuity
Fixed Index Annuities are not a direct investment of the stock market. They are long term insurance products with guarantees backed by the claims-paying ability of Midland National® Life Insurance Company. They provide the potential for interest to be credited based in part on the performance of specific indices, without the risk of loss of premium due to market downturns or fluctuation. Although Fixed Index Annuities guarantee no loss of premium due to market downturns, deductions from your Accumulation Value for additional optional benefit riders could under certain scenarios exceed interest credited to your Accumulation Value, which would result in loss of premium. They are complex insurance products and may not be appropriate for everyone. Please see the contract for features and limitations that may impact income.
Premium Taxes: Accumulation Value will be reduced for Premium Taxes as required by the state of residence.
Refer to your Contract for complete details. The LiveWell® Fixed Index Annuity is issued on form AC/AS142A/ICC14-AS142A (certificate/contract), AR269A/ICC14-AR269A (Optional LiveWell® Income for Life GLWB Rider), AR270A/ICC14-AR270A (Optional LiveWell® Legacy Protector GMDB Rider), AR271A/ICC14-AR271A and AR272A/ICC14-AR272A (riders/endorsements) or appropriate state variations by Midland National® Life Insurance Company, West Des Moines, IA. This product, its features and riders may not be available in all states.
The LiveWell® Fixed Index Annuity is administered by Sammons Retirement Solutions® Inc.
Special Notice regarding The Use of A Living Trust As Owner Or Beneficiary Of This Annuity. The use of living trusts in connection with an annuity contract can be a valuable planning mechanism. However, a living trust is not appropriate when mass-produced in connection with the sales of an insurance product. We strongly suggest you seek the advice of your qualified legal professional concerning the use of a trust with an annuity contract.
Neither Sammons Retirement Solutions®, Midland National®, nor any financial professional acting on its behalf, should be viewed as providing legal, tax or investment advice. Consult with and rely on a qualified professional. Under current law, annuities grow tax deferred. Annuities may be subject to taxation during the income or withdrawal phase. The tax-deferred feature is not necessary for a tax-qualified plan. In such instances, you should consider whether other features, such as the Death Benefit, lifetime annuity payments and riders make the Contract appropriate for your needs.
The S&P 500® is a product of S&P Dow Jones Indices LLC or its affiliates ("SPDJI"), and has been licensed for use by Midland National® Life Insurance Company (Midland National® or "the Company"). Standard & Poor's® and S&P® are registered trademarks of Standard & Poor's Financial Services LLC ("S&P") and these trademarks have been licensed for use by the SPDJI and sublicensed for certain purposes by the Company. LiveWell® Fixed Index Annuity is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, or their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500®.
Fixed Index Annuities are not bank deposits, and are not insured by the FDIC, NCUA or other regulatory agencies. They are not obligations of or guaranteed by the financial institution or other affiliated entities and are not a condition of a loan.
NOT FDIC/NCUA INSURED, NOT A DEPOSIT OF A BANK, NOT BANK GUARANTEED, NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY.