Midland National Endeavor 12 Annuity Review
The Midland National Endeavor 12 annuity is a Fixed Indexed annuity designed for growth (not for income withdrawals). Midland also offers an 8 year version, a 6 year version, and a 4 year version of this annuity.
- Uncapped annual returns less 2.25% using the S&P Low Volatility Index
- Penalty-free interest withdrawals.
- Participate in stock market gains without any downside risk.
- Click to read the Endeavor 12 company brochure.
|Midland Endeavor 12 Annuity Interest Rates|
|Index||Strategy||Cap Rate||Spread Rate|
|S&P 500 Low Volatility Daily Risk Control 5%||APP* Index Margin (No Cap)||N/A||2.25%|
|S&P 500||MPP** Index Cap Rate||1.65%||N/A|
|APP Index Cap Rate||3.25%||N/A|
|S&P Midcap 400||APP Index Cap Rate||2.95%||N/A|
|DJIA||APP Index Cap Rate||3.05%||N/A|
|NASDAQ-100||MPP Index Cap Rate||1.50%||N/A|
|APP Index Cap Rate||3.00%||N/A|
|Russell 2000||APP Index Cap Rate||3.10%||N/A|
|Euro Stoxx 50||App Index Cap Rate||3.55%||N/A|
|Hang Seng||APP Index Cap Rate||3.65%||N/A|
|Fixed Account Rate = 1.80%|
*APP = Annual Point-to-Point
**MPP = Monthly Point-to-Point
***IPT = Inverse Performance Trigger
Frequently Asked Questions About the Endeavor 12 Annuity:
Q: What is the minimum premium I need to pay?
Q: Am I paid a bonus on my initial premium at sign-up?
A: No. There is no premium bonus.
Q: Can I pay additional premium later on?
A: Yes. A minimum of $100 each time.
Q: Are there any age restrictions?
A: Yes. You can purchase this annuity up to age 75. In some states the age requirements may differ.
Q: In which states is the Endeavor 12 annuity available?
A: The Endeavor 12 annuity is not available in all states. Call 800-872-6684 to find out if it's available in your state.
Q: Does this annuity have an income rider (for withdrawing income)?
A: Yes. An income rider can be included with your contract for an additional fee.
Click here for the Retire X-Cel rider brochure.
Q: For how long are surrender charges in effect?
A: 12 Years
Q: Does the Endeavor 12 annuity permit any withdrawals without penalties?
A: Yes, after the first contract year.
Q: What benchmark indices do the Endeavor 12 offer?
A: Midland National’s Endeavor 12 annuity offers seven 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, Euro Stoxx 50, and Hang Seng.
Q: What are the index account options?
A: Monthly Point-to-Point, Annual Point-to-Point, Biennial PTP, Inverse Performance Trigger.
Q: What is the Method for Crediting Interest or Gains?
A: Cap rates.
To review the Endeavor 12 annuity with an agent or to receive a free personalized illustration call 800-872-6684 or fill in the "Get My Free Quote" form in the upper right section of this page. You can also post your questions in the "Add a comment..." section below.
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