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Fixed Indexed Annuity Details

MNL Accelerate 5

Product Name

MNL Accelerate 5

Annuity Type

Fixed Indexed Annuity

Issuing Insurance Company and Ratings

A+
(2nd of 15 ratings)
A+
(5th of 20 ratings)
Not Rated
A+
(5th of 21 ratings)
89
(percentile of rated companies)

Product Information

The MNL Accelerate 5 is a deferred fixed indexed annuity issued by Midland National Life Insurance Company.

When your full premium deposit is allocated to the fixed interest account, the current first year yield (including bonus if applicable) is 1.90% (see Rate Details below).

You can also allocate your premium between 6 different strategy and index account options (see Index Account Options below). For complete details on index account options, including current cap and participation rates, please contact AnnuityAdvantage at 1.800.239.0356.

During the time in which the annuity is subject to surrender penalties, there are policy provisions that allow partial access on a penalty free basis. Beginning in the second contract year, this annuity provides interest only (noncumulative) as the penalty free withdrawal amount.

This annuity also waives withdrawal penalties upon death. Your named beneficiary(ies) will receive a death benefit equal to the full accumulation value. A beneficiary may choose to receive their death benefit in either a lump sum or select an available annuitization option.

Details on additional penalty waivers can be found in the Penalty Free Withdrawal Provisions section below.

Midland National Life Insurance Company is rated “A+” by A.M. Best, was founded in 1906, and has over $61.4 billion in total assets.

Rate Details

Jun 8th, 2021
Not Scheduled

Premium Amount: $20,000 - $1,000,000

Current
Fixed Account First Year Yield: 1.90%
Fixed Account Current Interest Rate: 1.90%
Fixed Account Guaranteed Minimum Interest Rate: 0.10%
Index Accounts - Annual Cap and Participation Rates:
Any Index – Highest Participation Rate (WITH Charge/Fee): 115.00%
Any Index – Highest Participation Rate (NO Charge/Fee): 70.00%

Initial Surrender Charge and MVA Periods

5 years

5 years

5 years

State variations may exist, refer to product disclosure for details.

Policy Details

$20,000
$20,000
$1,000,000
$1,000,000
85
85
45 days
Yes
Accumulation Value
No

Penalty Free Withdrawal Provisions

None
Interest Only
No
Yes
Death and Nursing Home

See product brochure, disclosure and riders for additional details, limitations and availability. State variations, age restrictions and holding periods may apply.

State Variations

Not available in:  NY (as of 05/04/2021)

For SD: No Nursing Home Waiver