Midland National MNL Select - 10 Year Annuity Review

Midland National's Select 10 Annuity is a Fixed Indexed annuity designed for growth (not for income withdrawals). You can allocate your money, once a year on the policy anniversary, between a guaranteed interest rate account and several benchmark stock index accounts.

If you’re new to fixed index annuities start with our index annuity tutorial here. To see what other customers are buying check the list of fixed index annuities here.

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Other annuities in this series: Select 6, Select 8, Select 14.

Q: What is the minimum premium I need to pay?
A: $10,000

Q: Am I paid a bonus on my initial premium at sign-up?
A: No. There is no bonus.

Q: Can I pay additional premium later on?
A: Yes. A minimum of $50 each time.

Q:Are there any age restrictions?
A: Yes. You can purchase this annuity up to age 79. In some states the age requirements may differ.

Q:In which states is the Select 10 available?
A: Midland National's Select Series annuity is available in all states except AK, AL, CT, DE, MN, NV, NY, OR, PR, UT, VI, WA (as of May 2013).

Q:Does this annuity have an income rider (for withdrawing income)?
A: Yes, for the 10% penalty free option. Otherwise, you can annuitize after the first contract year if you choose a lifetime payout.
Click here for the income rider brochure.

Q:For how long are surrender charges in effect?
A:10 Years

Q:Does the Select 10 annuity permit any withdrawals without penalties?
A: Yes, after the first contract year.

Q:What benchmark indices do the Select 10 offer?
A:Midland National’s Select Series annuity offers six different indices into which you can allocate your premium. The current options are S&P 500, Dow Jones Industrial Average (DJIA), S&P Midcap 400, Russell 2000, Nasdaq-100 and Euro Stoxx 50.

Q:What are the index account options?
A:Monthly Point-to-Point and Annual Point-to-Point.

Q:What is the Method for Crediting Interest or Gains?
A: Cap rates (see chart below)

To read the Midland National MNL Select Annuity brochure click the image in the right bar (opens to a PDF document).

To review this annuity with an agent or to receive a free personalized illustration call 800-872-6684 (Monday-Friday, 9AM-5PM EST). You can also email your questions or comments by filling out the form in the right bar. We'll get back to you within 24 hours.

Brochure Disclosure: The contract features described in this brochure may not apply in the state in which you reside. Insurance companies often issue contracts which are 'state-specific.' Insurance companies also change their brochures often and without notice. To receive the latest version of the annuity brochure for your state call 800-872-6684.

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Read more about Midland National's Annuities

Midland National MNL Select - 10 Year Annuity Cap Rates as of August 26, 2014
For Premiums of $250,000 and Over (High Band)
5% Penalty-Free Option - 10 Year Annual Point to Point Monthly Point to Point
S&P 500 5.25% 2.35%
DJIA 4.90% N/A
S&P MIDCAP 400 4.50% N/A
RUSSELL 2000 4.50% N/A
NASDAQ-100 4.70% 2.10%
EURO STOXX 50 5.40% N/A
10% Penalty-Free Option - 10 Year Annual Point to Point Monthly Point to Point
S&P 500 5.10% 2.30%
DJIA 4.80% N/A
S&P MIDCAP 400 4.40% N/A
RUSSELL 2000 4.40% N/A
NASDAQ-100 4.60% 2.10%
EURO STOXX 50 5.25% N/A
For Premiums of $249,999 and Under (Low Band)
5% Penalty-Free Option - 10 Year Annual Point to Point Monthly Point to Point
S&P 500 4.55% 2.10%
DJIA 4.30% N/A
S&P MIDCAP 400 3.90% N/A
RUSSELL 2000 3.90% N/A
NASDAQ-100 4.10% 1.90%
EURO STOXX 50 4.60% N/A
10% Penalty-Free Option - 10 Year Annual Point to Point Monthly Point to Point
S&P 500 4.35% 2.05%
DJIA 4.05% N/A
S&P MIDCAP 400 3.70% N/A
RUSSELL 2000 3.70% N/A
NASDAQ-100 3.90% 1.80%
EURO STOXX 50 4.40% N/A

Get quick help from an annuity expert, today. Call 800-872-6684 (M-F 9-5 EST). You'll get straight answers without any sales talk! You can also request a callback here. Or, email your questions here.


Important Notice: This information is not intended to be a recommendation to purchase an annuity. You should consult with a financial planner to determine if an annuity is a suitable product in your situation. Also, be advised that tax information published at this site is written to support the promotion of annuities. It is based on limited facts and should not be relied upon. You should consult with your own tax and legal advisors for an opinion about what could or should be done in your particular situation.

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