Discover your lifetime income potential

If there’s a gap between your expected income and projected expenses in retirement, the MNL Income Planning Annuity calculator can help provide a retirement “paycheck” for the rest of your life.

How the MNL Income Planning Annuity works

Guaranteed lifetime income

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Guaranteed lifetime income

Our simple, single premium fixed index annuity makes it easy to determine guaranteed lifetime income available to you, regardless of index performance.

Flexibility when you need it

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Flexibility when you need it

Income can be taken immediately or deferred for up to 20 years. If an unpredictable event leaves you unable to perform at least two of the six “Activities of Daily Living” (ADLs) as defined in your contract, your lifetime payment amount (LPA) can double for up to five years of payments.*

*LPA multiplier not available in California.

Offered by an industry leader with a history of stability

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Offered by an industry leader with a history of stability

For nearly 30 years, Midland National has continued to earn high ratings based on our financial strength, operating performance, and ability to meet obligating performance, and ability to meet obligations to our policyholders and contract holders. We currently hold three “A+” ratings by third-party rating agencies.

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The information published on the website is not intended as a recommendation to purchase an annuity. We encourage you to talk to your financial professional and research other retirement planning and income solutions to determine if an annuity is right for you. Guarantees are backed by the financial strength and claims-paying ability of Midland National Life Insurance Company.
Fixed Index Annuities are not a direct investment in the stock market. They are long term insurance products with guarantees backed by the issuing company. They provide the potential for interest to be credited based in part on the performance of specific indices, without the risk of loss of premium due to market downturns or fluctuation. Although Fixed Index Annuities guarantee no loss of premium due to market downturns, deductions from your Accumulation Value for additional optional benefit riders could under certain scenarios exceed interest credited to the Accumulation Value, which would result in loss of premium. They may not be appropriate for all clients. Interest credits to a fixed index annuity will not mirror the actual performance of the relevant index.
The term "premium amount" is based on net premium, which is your initial premium, reduced by all withdrawals and reductions for surrender charges and market value adjustment.
Insurance products issued by Midland National® Life Insurance Company, West Des Moines, Iowa. Product and features/options may not be available in all states or appropriate for all clients. See product materials for further details, specific features/options, and limitations by product and state. The MNL Income Planning AnnuitySM 10 is issued on form AS200A/ICC19-AS200A (contract), or appropriate state variation.
*Estimated income amount is based upon election of lifetime payment amounts under the guaranteed lifetime withdrawal benefit, which is required at time of purchase and has an annual cost of 0.95%. Estimated annual income is calculated based on the net premium amount, age at issue, and age when you turn on income. Taking withdrawals after issue will reduce the income amount available.
Sammons FinancialSM is the marketing name for Sammons® Financial Group, Inc.’s member companies, including Midland National® Life Insurance Company.  Annuities and life insurance are issued by, and product guarantees are solely the responsibility of, Midland National Life Insurance Company.