Independent Annuity Review
Midland National
Retire Vantage
Fixed Index Annuity
BY JEREMIAH KONGER, September 5th, 2020 11:00 AM
Midland National - Retire Vantage
Annuity Type: Fixed Index
A.M. Best Carrier Rating A+
Surrender Schedule: 10, 14 years
Available Riders: Enhanced Participation Rider (1% fee), Accelerated Benefit Rider (.90% fee), Nursing Home Confinement Waiver (No Fee)
If you search hard enough in the financial industry, you will find an endless assortment of options and opinions that run the gamut of every type of thing you can imagine (and perhaps some you haven’t). But, what makes the whole process so difficult is that there is no such thing as a one-size-fits-all approach, when it comes to this very important industry. What works for your neighbor may be the worst possible approach for your specific set of circumstances. But, that’s why we’re here.
Even though we can’t read your mind right now, there are a couple of descriptive terms that a lot of people use when it comes to their financial desires - safety and growth. To be honest, there are very few situations where safe growth is not an ideal situation for someone’s money. But, how do you obtain such a sought-after place?
It doesn’t happen in the stock market. Sure, there is plenty of growth potential, but there is absolutely no safety. All it takes is one unforeseen event (like a pandemic), and your entire retirement could be in jeopardy.
Conversely, there are a number of safe options for your money out there that will protect your assets, but offer very little opportunity to build upon your money. So, where does the perfect mix come from?
For those searching for safe growth, there are a number of annuity options out there that can fit the mold. Specifically, the Midland National Retire Vantage 10 is a safe growth annuity that may be just what you need to reach this harbor. With this annuity, you are protected from market downturns, while still being able to utilize the indexed options and benefit from solid performance in the marketplaces.
What sets the Midland National Retire Vantage 10 apart from the competition? This annuity features an eye-popping 175% participation rate (as of 9/5/20) on the Fidelity Multi-Factor Index and the S&P Multi-Asset Risk Control Index. That means you have the ability to double the amount of your asset growth, all while being protected from the times where the markets are negative.
The Midland National Retire Vantage 10 annuity also provides an optional benefit rider, in order to give people increased options. This rider, available for a fee, allows for additional flexibility by providing premium bonuses, additional payout benefits, return of premium options, and enhanced penalty-free withdrawals. So, if you are someone who is afraid of having your hands off of your money for too long, the benefit rider could provide some necessary peace of mind.
There are a number of index crediting options to grow your money including daily, monthly, annual, and multi-year choices. Additionally, you can take advantage of a number of strong index strategies, including the S&P 500 MARC 5% ER, NASDAQ-100, Fidelity Multi-factor Yield Index, and other variations. And, your choice will help determine how much growth will be available.
Additionally, for those more concerned with safety than growth, the Midland National Retire Vantage 10 offers a lifetime income payout option.

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What We Like
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Enhanced Participation Rates For a 1% asset charge, the enhanced participation rider gives the investor access to a higher participation rate. Our research shows that this rider is well worth the 1% charge. 175% participation rates versus the standard 100% as of 09/05/20 subject to change.
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Multiple Volatility Controlled Indexes S&P 500 MARC 5% ER, Fidelity Multi-Factor Index are some of the top performing risk controlled indexes available in the FIA market.
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Accelerated Benefit Rider Includes a 5% premium bonus. Provides the option for enhanced liquidity up to 20% annual free withdrawal with no surrender penalty. Also provides an option for Return of Premium should one wish to exit contract early.
What Can Be Improved
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No improvements needed at this time
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