Up to 17% total immediate premium bonus To get a head start on your retirement savings, Midland National credits you a base premium bonus, which multiplies any additional premium you put into your policy during the first three years by a specified premium bonus percentage. Plus, you can get an immediate boost on your retirement savings right from the start with an enhanced premium bonus percentage available through the optional additional benefit rider (for a cost). What sets MNL IndexBuilder® 10 apart
Enhanced bonus (with ABR, for cost)
Total immediate bonus (if ABR elected)
Premium
Base bonus
7%
7%
14%
$20,000-$74,999
10%
7%
17%
$75,000+
Additional premium The premium bonus is credited to your accumulation value upon issue and is applied to the accumulation value when additional premiums are received during the first three years. All additional premiums will initially be credited a fixed interest rate, which will be guaranteed until the end of the contract year, and declared at the time the additional premium is received. On each contract anniversary, Midland National will allocate any premiums received since the prior contract anniversary, according to your most recent instructions. It’s important to note, the surrender charge is based off initial premium only, so there’s no rolling surrender charge. The base premium bonus percentage differs by the amount of initial premium.
For premium under $75,000, the base premium bonus is 7%, instead of 10%. The enhanced premium bonus percentage is 7% for all premium received in the first three years, if the optional additional benefit rider is elected. Products that have premium bonuses and enhanced premium bonuses may offer lower credited interest rates, lower index cap rates, lower participation rates, and/or greater index margins than products that don’t offer a premium bonus or enhanced premium bonus. Over time and under certain scenarios, the amount of the premium bonus may be offset by lower credited interest rates, lower index cap rates, lower participation rates, and/or greater index margins. Issue ages (may vary by state) Available issue ages 0-79 (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. Minimum premium Flexible premium, $20,000 non-qualified and qualified initial premium.
How it works
Base premium bonus applied to all premium in first three years
Enhanced premium bonus applied to all premium in first three years (with ABR, for cost)
Total premium bonus percentage (if ABR elected)
Premium timing
Premium amount
Bonus amount
$17,000 $1,700 $1,700 $1,700
At issue
$100,000 $10,000 $10,000 $10,000 $10,000
Year 1 Year 2 Year 3 Year 4
10%
7%
17%
$0
0%
0%
0%
$22,100
Total: $140,000
Total premium amount plus bonus: $162,100
Hypothetical examples are for illustrative and educational purposes only and not intended to predict future performance. The use of alternate assumptions could produce significantly different results.
29720Y-1
3
REV 12-23
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