MNL RetireVantage 10
Fixed Indexed Annuity
The MNL RetireVantage 10 is a deferred fixed indexed annuity issued by Midland National Life Insurance Company.
This annuity is a premium banded product. The rates you are eligible to earn will vary depending on the amount of premium you deposit (see Rate Details below). When your full premium deposit is allocated to the fixed interest account, the highest first year yield available (including bonus if applicable) is 3.70% on premium amounts of $75,000 - $1,000,000.
You can also allocate your premium between various strategy and index account options. 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 with the first contract year, and each year thereafter, this annuity provides up to 10% (noncumulative) of the contract value may be withdrawn from the annuity each contract year without penalty.
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 $71.5 billion in total assets.
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Dec 10th, 2024
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| Current | ||
|---|---|---|
| Fixed Account First Year Yield: | 3.70% | |
| Fixed Account Current Interest Rate: | 3.70% | |
| Fixed Account Guaranteed Minimum Interest Rate: | 0.25% | |
| Index Accounts - Annual Cap and Participation Rates: | ||
| Any Index - Highest Participation Rate (WITH Charge/Fee): | 200.00% | |
| Any Index - Highest Participation Rate (NO Charge/Fee): | 160.00% | |
| S&P 500 - Point-to-Point Cap (NO Charge/Fee): | 10.00% | |
| S&P 500 - Participation Rate (NO Charge/Fee): | 50.00% | |
| Current | ||
|---|---|---|
| Fixed Account First Year Yield: | 3.40% | |
| Fixed Account Current Interest Rate: | 3.40% | |
| Fixed Account Guaranteed Minimum Interest Rate: | 0.25% | |
| Index Accounts - Annual Cap and Participation Rates: | ||
| Any Index - Highest Participation Rate (WITH Charge/Fee): | 190.00% | |
| Any Index - Highest Participation Rate (NO Charge/Fee): | 140.00% | |
| S&P 500 - Point-to-Point Cap (NO Charge/Fee): | 9.00% | |
| S&P 500 - Participation Rate (NO Charge/Fee): | 40.00% | |
10 years
10 years
10 years
State variations may exist, refer to product disclosure for details.
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$20,000
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$20,000
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$1,000,000
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$1,000,000
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79
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79
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45 days
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Yes
|
|
Accumulation Value
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No
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10%
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10%
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No
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Yes
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See product brochure, disclosure and riders for additional details, limitations and availability. State variations, age restrictions and holding periods may apply.
Not available in: ID and NY (as of 06/15/2020)
For CA and MA: No Nursing Home Confinement Waiver
For UT and VA: No Market Value Adjustment (MVA)
Description Here
