Midland National Life Guarantee Pro 3
Current Fixed Rates
| 4.60% | $100,000 | — | $2,000,000 |
| 4.20% | $20,000 | — | $99,999 |
The Midland National Life Guarantee Pro 3 is a single premium, fixed annuity with a three-year rate lock. After the three-year term, owners have a 30-day window to withdraw all funds, transfer to another company, annuitize for income, or start a policy with a new term. If no action is taken, a new term will begin.
Lower rates are available for deposits between $20K-$99.9K while amounts between $100K-$2mil receive the highest rate. Current company practice allows for free interest withdrawals in the first 12 months. This contract accepts both qualified and non-qualified funds and is RMD-friendly.
More Annuity options from: Midland National Life
Notable Features
At no cost, this policy includes a Nursing Home rider. It waives all surrender charges if owner is confined in a qualified facility for over 90 consecutive days.
Additional Details
Product Type
MYGA (Multi-Year Guaranteed Annuity)
Term
3 Years
Free Withdrawals Yr1 / Yr2+
0% / 10%
Surrender Schedule
9%, 8%, 7%, 0%
Maximum Age
90
Minimum Investment
$100,000
Maximum Investment
$2,000,000 without prior approval
What We Like About This Annuity
Issued by a strong A+ rated company doing business for over 100 years. No surrender charges at passing. Flexible free interest withdrawal options. Spousal continuance options.
Other Popular Products
Midland National offers very competitive fixed-indexed annuities with upfront and ongoing premium bonuses. Additionally, their single premium life insurance is popular for wealth transfer and tax avoidance.
About Midland National Life
Midland National Life
AM Best Rating: A+ Superior (2nd of 13 ratings)
https://www.midlandnational.com/
About Midland National Life
With offices in West Des Moines, IA, and Sioux Falls, SD, Midland National Life is well-respected in the life and annuity marketplace. They and their sister company, North American Company, are part of the even larger Sammons Financial Group.
Founded in 1906, Midland National is one of the oldest insurance carriers available to consumers. With an A+ rating and $75 billion under management, consumers can confidently place their insurance business with a tried and true company.