Products issued by Midland National® Life Insurance Company

Income Expedition

Complete your Income Expedition to discover what risks you may have on your retirement journey.

The road to retirement is much like climbing a mountain. Many consumers are focused on the climb, or accumulating money for retirement, but don't plan for the decumulation phase of retirement.
If you feel like you need to prepare more for the climb down, you're not alone. This is a great time to start your Income Expedition.

For two 65-year olds living together, there’s a 50% chance that both will live to age 81,

and that one will live to age 921.

1 SourceOpens in a new window.

Could your retirement journey be affected by these risks?

On the way down the mountain, it can be more difficult to overcome some of the setbacks and risks you may face. Your two biggest risks on this journey are likely:
Market volatility risk icon

volatility risk

Market volatility risk

“The drawdown dilemma”

Ensuring your retirement assets still have growth potential is a smart choice as inflation and other factors can erode the purchasing power of your money. However, if all of your assets are subject to market volatility, you can run into the drawdown dilemma. In this scenario, you can run out of money sooner than anticipated simply based on the timing of when you begin withdrawing retirement income.
Longevity risk icon


Longevity risk

“Outliving your money”

It’s no secret people are living longer, which means retirement is often longer, too. Regardless of whether your retirement assets have a high, medium, or low growth potential, can you guarantee that you won’t outlive your money?

Retirement income needs

Guaranteed lifetime income can provide a retirement “paycheck” for the rest of your life.

Total estimated monthly expenses
(needs + wants)
Total estimated monthly income
Your estimated retirement income gap
Person at desk working

Using your gap

Now that you've determined your gap, you might be wondering ‘what’s next?’ Discover how to help bridge your income gap with the MNL Income Planning Annuity calculator.

Try Calculator