Benefits of an Annuity
 Midland National wants you to make an informed decision when you consider the purchase of an annuity. Annuities
are an excellent tool to help you plan for your financial security. You can download a tip sheet to assist you in making the decision that is right for you. Annuities offer
a variety of benefits including tax-deferred growth, ability to avoid probate,
and lifetime income.
Tax-Deferred Growth
Tax-deferred growth allows your money to grow faster because
you earn interest on dollars that would otherwise be paid as taxes. Your principal
earns interest, the interest compounds within the contract, and the money
you would have paid in taxes earns interest.
May Avoid Probate
Annuities offer the ability to name a beneficiary, which
may minimize the expense, delays, and publicity that comes with probate. Your
named beneficiary may receive death proceeds as either a lump sum or monthly
income.
Lifetime Income
Midland National can provide you with a guaranteed income
stream with the purchase of a tax-deferred annuity. You have the ability to
choose from several different income options, including life or a specific
period. With non-qualified plans, a portion of each income payment represents
a return of premium that is not taxable, reducing your tax liabilities.
At Midland National we understand that, depending on your
individual situation, you need the ability to choose whatever type of annuity
fits you best. With Midland National, you have the ability to choose:
- Traditional Fixed Annuity – Offers
a declared fixed interest rate that is guaranteed for a specific period and
guaranteed to never go below a specific percentage.
- Index Annuity – Interest rate
credited to your annuity contract is linked to specific market indices that
you can choose on an annual basis. Once the interest is credited you are guaranteed
that it can never go down based on future market fluctuations.
- Variable Annuity – Offers you
the potential for high returns. When you purchase a Variable Annuity with
Midland National you have the ability to choose from a variety of well-known
funds using a variety of investment strategies1.
- Immediate Annuity – You are guaranteed
an income stream ranging from a specific period of time to your entire life.
An immediate annuity offers a solution to the problem of outliving your money.
Variable annuities are suitable for long-term investing,
such as retirement investing, and are subject to market risk.
1. No investment strategy assures a profit or protects against
losses in a declining market.
The broker/dealer for Midland National's variable products is Sammons Securities
Company, LLC, member FINRA/SIPC. Sammons Securities Company is a registered broker/dealer
under the Securities Exchange Act of 1934. Sammons Securities Company is an
indirect, wholly owned subsidiary of Sammons Enterprises, Inc,. of Dallas, Texas,
the ultimate parent company of Midland National.
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