Midland National Life Guarantee Pro 7
Current Fixed Rates Bands
Rate Effective Date August 8, 2026
The Midland National Life Guarantee Pro 7 is a single premium, fixed annuity with a seven-year rate lock. After the seven-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. This contract accepts both qualified and non-qualified funds and is RMD-friendly. Current company practice allows for free interest withdrawals in the first 12 months.
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 the owner is confined to a qualified facility for over 90 consecutive days. Full and partial Roth IRA deposits are accepted.
Additional Details
Product Type
MYGA (Multi-Year Guaranteed Annuity)
Term
7 Years
Free Withdrawals Yr1 / Yr2+
0% / Int
Additional Withdrawal Information
This policy allows for penalty-free withdrawals of interest earned in the prior contract year. Under current company practice, free interest withdrawals are also allowed in the first year. This contract is RMD-friendly for IRA accountholders as well.
Surrender Schedule
9%, 8%, 7%, 6%, 5%, 4%, 3%, 0%
Maximum Age
90
Minimum Investment
$100,000
Maximum Investment
$2,000,000
What We Like About This Annuity
Issued by a strong A+ rated company doing business for over 100 years. There are no surrender charges upon the passing of the owner. Flexible free interest withdrawal options are included as well as spousal continuance options.
Other Popular Products
Midland National offers competitive fixed, immediate, and fixed-indexed annuities with upfront and ongoing premium bonuses. Additionally, their single-premium life insurance is popular for wealth transfer, tax avoidance, and estate planning purposes.
About Midland National Life
Midland National Life
AM Best Rating: A+ Superior (2nd of 13 ratings)
https://www.ohioinsureplan.com/wp-content/uploads/2026/09/Midland-National-Life-Guarantee-Pro-7-Fixed-Annuity-Brochure.pdf
About Midland National Life Insurance Company
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. They have A+ ratings with AM Best, Fitch, and Standard & Poor’s, as well as an 89 Comdex score. and $88 billion under management, consumers can confidently place their insurance business with a tried-and-true company.