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What is a variable annuity?

A variable annuity is a product used for retirement planning that combines the potential of stock market returns with the guarantee* of insurance.

It may make sense for individual investors who have maximized their 401(k) plans and other pre-tax investment options.

Watch our short video about the LiveWell® Variable Annuity!

* Guarantees are backed by the claims-paying ability of Midland National® Life Insurance Company.

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View the variable annuity product prospectus


The LiveWell® Variable Annuity is a convenient option that offers the possibility to continue growing your money on a tax-deferred1 basis ... especially if you've maxed out contributions to your other tax-deferred plans like a 401(k), 403(b), or government 457 plan.

Simple • Innovative • Straightforward

Plus, with the LiveWell Variable Annuity, you get:

  • More than 135 investment options2 and 25+ money managers to choose from for maximum customization of your retirement portfolio
  • Your choice of no surrender charge OR reduced fees in exchange for a surrender charge schedule from 5, 6, and 7 years3
  • Return of premium death benefit4—Your beneficiaries are guaranteed to receive at least the amount of contributions you made to your LiveWell Variable Annuity
  • Stretch opportunities—So you can determine exactly how and when your beneficiaries will be paid

You'll pay only the mortality and expense risk charge, asset-based administration charge, quarterly contract maintenance fee, and standard investment option fees.5

View a complete listing of all applicable fees, charges, and expenses for the LiveWell Variable Annuity.

Note: The LiveWell Variable Annuity is not available in NY.

1 The tax-deferred feature of the annuity is not necessary for a tax-qualified plan. Before purchasing this product, you should obtain competent tax advice as to the tax treatment of the annuity and the suitability of the purchase.

2 All separate account investment options are subject to market risk.

3 Certain surrender schedules may not be available. Please confirm availability with your financial professional.

4 The death benefit is based on the greater of net premium (total premiums received less any reductions for partial withdrawals) or the accumulation value which is equal to the sum of the amounts in the investment options. The death benefit amount may be reduced for withdrawals and premium taxes at death as required by state law. Guarantees are backed by the claims-paying ability of Midland National. A contract must be in force to garner a return of premium death benefit.

5 Mortality and expense risk charge, 0.35% administration fee, $10 quarterly maintenance fee for policies less than $50,000. The guaranteed maximum maintenance fee is $15 per quarter.

Please see the prospectus for details and state-specific information.


To find out more, contact your financial professional today!

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Variable Annuities are designed for long-term investing, such as retirement investing and are subject to market risk including loss of principal.

Investing in variable annuities involves risk, including potential loss of investment. You should consider the investment objectives, risks, charges, and expenses of the 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 variable annuity and its underlying investment options. Please read it carefully.

Securities distributed by Sammons Financial Network® LLC, member FINRA. Insurance products are issued by Midland National® Life Insurance Company (West Des Moines, IA). Sammons Institutional GroupSM, Inc. provides administrative services. Sammons Financial Network® LLC, Midland National® Life Insurance Company, and Sammons Institutional GroupSM, Inc. are wholly owned subsidiaries of Sammons® Financial Group, Inc. Sammons Retirement Solutions® and Midland Retirement Distributors® are divisions of Sammons Institutional GroupSM, Inc.

Please view these important product-specific disclosures for the LiveWell® Variable Annuity.

Guggenheim Capital, through its principal subsidiary Guggenheim Partners, 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 affiliate of Sammons Enterprises, Inc., the parent company of Sammons® Financial Group, Inc. and its affiliated companies.