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WHAT IS A
FIXED INDEX ANNUITY?

A Fixed Index Annuity is a long-term, tax-deferred retirement planning solution that – in exchange for a premium payment – provides a guaranteed income stream during retirement. Your annuity has potential for stock-market-linked growth, while also protecting the premium you pay.

Much of retirement planning revolves around having income during a period of time in which you won't be working, or perhaps only working on a limited basis.

That's why a Fixed Index Annuity may make sense for those looking for an additional source of income during retirement.

Because with a Fixed Index Annuity, you pay an insurance company a premium, then you can count on a set amount of money each month, quarter, year, or whatever payment schedule you choose.

Click here to watch our short video about the LiveWell® Preferred Fixed Index Annuity!

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

The LiveWell® Preferred Fixed Index Annuity may be a good option for those seeking an extra income source during retirement.

That's because, in exchange for a premium payment, you receive a set amount of money each month, quarter, year, or whatever payment schedule you choose.

So in addition to Social Security, a possible pension, and perhaps an IRA – you'll receive a set amount you can rely on.

SIMPLE • INNOVATIVE • STRAIGHTFORWARD

Along with a guaranteed amount of retirement income, the LiveWell Preferred Fixed Index Annuity, issued by Midland National® Life Insurance Company, provides you with:

  • Optional guaranteed lifetime withdrawal benefit that provides guaranteed income for life and allows you to retain control of your money (available at an additional cost, ages 45-801)
  • Optional guaranteed minimum death benefit provides option for legacy protection (available at an additional cost, ages 45-801)
  • Long-term growth potential for interest credits
  • No loss of premium due to market downturns or fluctuations
  • Choice of Surrender Charge Period—from 5, 7, or 10 years2
  • Tax deferral3

The optional guaranteed withdrawal benefit (GLWB) and guaranteed minimum death benefit (GMDB) cannot be elected together, and cannot be elected on inherited IRA money. Please see product disclosure for details.

1 Issue age for the 10-year Surrender Charge Period is 45-79.

2 Certain Surrender Charge Periods may not be available. Please confirm availability with your financial professional.

3 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. Neither Sammons Institutional GroupSM, Inc., Midland National®, nor any agents acting on its behalf, should be viewed as providing legal, tax, or investment advice. Please consult with and rely upon your tax and legal professionals. A 10% IRS tax penalty may apply to withdrawals prior to age 59½.

 

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

TO FIND OUT MORE, CONTACT YOUR FINANCIAL PROFESSIONAL TODAY!

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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 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 may not be appropriate for all.

The term financial professional is not intended to imply engagement in an advisory business in which compensation is not related to sales. Financial professionals that are insurance licensed will be paid a commission on the sale of an insurance product.

GLWB Roll-Up Percentage is not applied to the Accumulation Value, only to the GLWB Value. The GLWB value is not available for withdrawal, surrender or as a death benefit. There is no GLWB Roll-Up when lifetime income payments have been elected.

GMDB Roll-Up Percentage is not applied to the Accumulation Value, only to the GMDB Amount, which is used to determine the death benefit amount. The GMDB Amount is not available for withdrawal or surrender.

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

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