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How much do your clients need today for a predictable tomorrow? Calculate now!

The LiveWell® Fixed Index Annuity, issued by Midland National® Life Insurance Company, includes two optional riders available at an additional cost (clients may choose only one):

LIVEWELL® INCOME FOR LIFE
Guaranteed Lifetime Withdrawal Benefit (GLWB) Rider

  • Guarantees clients will never outlive payments, even if their value drops to zero
  • They can choose payments monthly, quarterly, semi-annually, or annually
  • Clients always retain control of their money
  • Value is guaranteed to grow at 7.5% simple interest up to twice net premium
  • Can be added to the contract at issue for 0.85% of the GLWB Value (cost deducted from accumulation value)
  • The longer your clients wait to take withdrawals, the greater the Lifetime Payment Amount they'll receive
  • When your client first elects lifetime payments, their payments will be based on their current GLWB Value multiplied by a percentage based on the youngest GLWB-covered person's age, called the Lifetime Payment Percentage
  • If a Required Minimum Distribution (RMD) is required, your client can take the greater of the Lifetime Payment Amount or the RMD without reducing their Lifetime Payment Amount
  • Cannot be elected with LiveWell Legacy Protector Rider

LIVEWELL® LEGACY PROTECTOR
Guaranteed Minimum Death Benefit (GMDB) Rider

  • Your clients' beneficiaries are guaranteed to receive the Accumulation Value
  • The GMDB Amount is guaranteed to grow at 5% simple interest to twice net premium until age 85
  • Available as a death benefit if greater than the Accumulation Value
  • Beneficiaries can choose a lump sum payment or a series of income payments (may be taxed to beneficiaries as ordinary income)
  • Can be added at contract issue for 0.35% of the GMDB Amount, which is taken annually from the Accumulation Value as long as the rider is in effect
  • Cannot be elected with LiveWell Income for Life Rider

Please see product brochure for more details.

Neither Sammons Institutional GroupSM, Inc., Midland National, nor any agents acting on its behalf, should be viewed as providing legal, tax, or investment advice. Advise your clients to consult with and rely on their own qualified professional.

NOTE: THE LIVEWELL FIXED INDEX ANNUITY IS NOT AVAILABLE IN ALL STATES AND MAY VARY BY STATE.

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Fixed Index Annuities are not a direct investment in the stock market. They are long-term insurance products with guarantees backed by the issuing 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 clients' Accumulation Value for additional optional benefit riders could under certain scenarios exceed interest credited to their Accumulation Value, which would result in loss of premium. They are complex insurance products and may not be appropriate for all clients. Please see the contract for features and limitations that may impact income.

Please click here to view important product-specific disclosures for the LiveWell® Fixed Index Annuity.

NOT FDIC/NCUA INSURED, NO BANK/CU GUARANTEE, NOT A DEPOSIT, NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY.

FOR INSTITUTIONAL USE ONLY. NOT INTENDED FOR CONSUMER SOLICITATION PURPOSES.