The more you set aside, the better your rate
Why choose Midland National®? In good times and in bad, over the last 30 years, we’ve remained one of the highest rated insurance companies in the U.S., rated A+ (Superior) by A.M. Best. a
A premium of $20,000 or more is required for this single premium product, whether qualified or non-qualified. For premium amounts of $100,000 or more, you will receive a higher interest rate. Low band: Less than $100,000 and High band: $100,000 or more. Provide a lasting legacy Your beneficiaries will get the accumulation value of your annuity less any applicable state premium taxes as a death benefit – either in an immediate lump sum or in installments. And, because annuities may avoid probate, they may not have to wait. Please consult with and rely on your own legal or tax advisor and refer to your contract for situations of joint owners and annuitants. Tax deferral improves growth potential Your annuity’s value grows on a tax-deferred basis, meaning more of it is working for you. Tax-deferred growth means you don’t owe taxes until you access funds, allowing more time for growth potential. Work with your tax advisor to find out how this might work for you. Under current law, annuities grow tax deferred. An annuity is not required for tax deferral in qualified plans. Annuities may be subject to taxation during the income or withdrawal phase. Please note that neither Midland National, nor any financial professionals acting on its behalf, should be viewed as providing legal, tax or investment advice. Consult with and rely on your own qualified advisor. Issue ages (may vary by state) Available to issue ages 0-90 (qualified and non-qualified) For issue ages 0-17, a Uniform Gift to Minors Act (UGMA) or Uniform Transfers to Minors Act (UTMA) custodial account must be established.
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