Legacy Building

1. A life insurance death benefit is not generally subject to income tax for beneficiaries. Loans on life insurance policies are generally income tax free as long as the policy remains in force until death and the policy is not a modified endowment contract (MEC). In some situations loans and withdrawals may be subject to federal taxes. Neither Midland National Life Insurance Company nor its agents give tax or legal advice. Clients should be instructed to consult with and rely on their own tax advisor or attorney for advice on their specific situation.

Although XL Heritage is filed as a Flexible Premium Universal Life and allows additional premiums, the product is designed for a single premium payment. There are limited benefits to adding premiums after policy issue - for example, the Account Value will increase with additional premium payments, but the guaranteed death benefit and the Return of Premium Value will NOT. Therefore, clients should carefully consider whether additional premiums should be paid.

Indexed Universal Life products are not investments in the "market" or in the applicable index. They are subject to all policy fees and charges normally associated with most universal life insurance.

Essential Guaranteed Universal Life Insurance (policy form series L138) and XL Heritage (policy form series L145) are issued by Midland National Life Insurance Company, Administrative Office, One Sammons Plaza, Sioux Falls, SD 57193. Products, features, riders, endorsements, or issue ages may not be available in all jurisdictions. Limitations or restrictions apply.