The LiveWell^® Preferred 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 8% 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 Payment Amounts, their payments will be based on their current LiveWell Income for Life 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

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