Personalized Annuity Illustration

Personalized Hypothetical Illustration
MNL IncomeVantageSM
14
Flexible Premium Deferred Annuity
Non-Qualified Contract
Prepared For:
Valued Annuitant
Issue State: GA
Agent/Representative:
McNeill, Don
Date Prepared: 06/17/2013
This is an illustration only, not an offer or contract. It is not intended to predict future This illustration is not valid unless all pages are present.
performance. Benefits are subject to the terms and conditions of the annuity contract. Page 1 of 24

Personalized Hypothetical Illustration
MNL IncomeVantageSM
14
ILLUSTRATION SNAPSHOT GLWB FEATURES
Annuitant Name: Valued Annuitant GLWB Bonus: 5.00%
Annuitant Gender: Male GLWB Roll-Up Credit: 5.00% + interest credited
Annuitant Age: 65
State: GA ILLUSTRATED WITHDRAWALS
Premium: $100,000.00 Lifetime Income Payments beginning in contract year 11
Illustration Date: 06/17/2013
This illustration is not valid unless all pages are present.
Page 2 of 24
Table of Contents Cover Page 1
Table of Contents 2
General Product Terms 3
Crediting Method Terminology 4
Index Account Option Crediting Methods 5
Guaranteed Lifetime Withdrawal Benefit Feature (GLWB) 6
Annuity Payout Options 8
Projected Illustrated Values 8
Allocation Selection Information 9
MOST RECENT Period
Hypothetical Contract Values Based on Guaranteed Rates 10
Credited Interest Rates Based on Guaranteed Rates 11
Hypothetical Contract Values Based on Current Rates 12
Credited Interest Rates Based on Current Rates 13
HIGHEST Index Growth Period
Lowest Index Growth Period
Projected Accumulation Graph 22
Market Value Adjustment (MVA) 23
Disclosure 24

MNL IncomeVantageSM
14
GENERAL PRODUCT TERMS
In order to fully understand how the MNL IncomeVantage 14 works, you
should have clear knowledge of the terms used and definitions. Listed below
are some basic terms and their definitions. Please refer to the product
brochure and disclosure for more information.
PREMIUM
The premium is the amount paid into the annuity contract.
ACCUMULATION VALUE
The Accumulation Value is the sum of premiums paid and interest credited, if
any, less withdrawals.
DEATH BENEFIT
The Death Benefit is equal to the Accumulation Value and is paid to your
beneficiary.
SURRENDER VALUE
The Surrender Value is the amount that is available at the time of surrender.
The Surrender Value is equal to the Accumulation Value, subject to the
Market Value Adjustment (which may be referred to as Interest Adjustment in
your contract), less applicable surrender charges, and applicable state
premium taxes. The Surrender Value will never be less than the minimum
requirements set forth by state laws, at the time of issue, in the state where
the contract is delivered.
SURRENDER CHARGES
A surrender charge is assessed on any
amount withdrawn, whether as a partial
or full surrender, that exceeds the
Penalty-Free Withdrawal (also known as
Penalty-Free Partial Surrender) amount.
Please keep in mind that a partial or full
surrender during the surrender charge
period could result in a loss of premium.
This table details the
declining surrender charges:
CONTRACT
YEAR
SURRENDER
CHARGE %
1 10%
2 10%
3 10%
4 10%
5 10%
6 9%
7 8%
8 7%
9 6%
10 5%
11 4%
12 3%
13 2%
14 1%
MARKET VALUE ADJUSTMENT
The MNL IncomeVantage 14 includes a Market Value Adjustment (which
may be referred to as Interest Adjustment in your contract) that is applied
only during the surrender charge period to full surrenders and to any partial
surrender in excess of the applicable Penalty-Free Partial Surrender
Allowance. This adjustment may decrease or increase the Surrender Value
depending on the change in interest rates during the period since you
purchased your MNL IncomeVantage 14 annuity. See the Market Value
Adjustment section at the end of this illustration for more information.
Annuitant Age: 65
Page 3 of 24

MNL IncomeVantageSM
14
GENERAL PRODUCT TERMS (Continued)
PENALTY-FREE WITHDRAWALS
Once each Contract Year after the first contract anniversary, you may take a
penalty-free withdrawal (also known as a Penalty-Free Partial Surrender),
without surrender charges, or Market Value Adjustment, of up to 5% of your
Accumulation Value.
WITHDRAWAL OPTIONS
Prior to the Maturity Date (the contract anniversary when the Annuitant is age
115) you may withdraw from the value of your Contract in the following ways:
1) At any time prior to the Maturity Date, you may surrender the
Contract for its Surrender Value.
2) After the first Contract Year and upon your request, you may
select a Pay-Out Option as provided in the Pay-Out
Provisions section of the Contract. Your payment amount
under this Pay-Out Option will be calculated based on your
Surrender Value at the time the Pay-Out Option is elected. By
current company practice, additional options may be
available based on your Accumulation Value at the time the
payment is elected.
3) After the Surrender Charge Period, full and partial surrenders
may be taken without surrender charges.
The general intent of this product is for generating future lifetime income.
Individuals who are not planning to utilize the Guaranteed Living Withdrawal
Benefit (GLWB) feature for future retirement income, or who intend to take
withdrawals prior to utilizing the GLWB feature, will not experience the full
benefit of this product.
CREDITING METHOD TERMINOLOGY
There are several account options available within the MNL IncomeVantage
14. Each of Midland National’s crediting methods and available indexes
perform differently in various market scenarios. There is not one particular
method or index that performs better than the other methods and indexes
when observed in all marketing scenarios.
INDEX ACCOUNT
Some or all of your premiums may be allocated to the Indexed Account which
offers several different indexes and/or crediting methods. This annuity offers
the ability to earn interest credits associated with the changes in several
distinct indexes without the risk of directly participating in stock, bond or
equity investments.
FIXED ACCOUNT
Premium allocated to the Fixed Account will earn the current interest rate and
is credited daily. This rate will be guaranteed for the entire contract year and
will renew annually on each contract anniversary and will never fall below the
Minimum Guaranteed Fixed Account Interest Rate. It is important to note that
the Fixed Account interest rate is never applied to premiums allocated to the
Index Accounts.
CREDITED INTEREST RATE
The rate of interest credited to the Accumulation Value.
Annuitant Age: 65
Page 4 of 24

MNL IncomeVantageSM
14
INDEX ACCOUNT OPTION CREDITING METHODS
DAILY AVERAGE WITH INDEX MARGIN
This method for determining any Interest Credit uses a Daily Average
calculation to determine a percentage gain or loss in the index during your
contract year. This is done by comparing the difference between the index on
the first day of the contract year and the Index Daily Average during the year
(usually 252 trading days), subject to an Index Margin. The Interest Credit will
never be less than zero.
MONTHLY AVERAGING WITH PARTICIPATION RATE
This method for determining any Interest Credit uses a Monthly Average
calculation to determine a percentage gain or loss in the index during your
contract year. This is based on comparing the difference between the index
on the first day of the contract year and the average of the twelve subsequent
monthly index values over the contract year. On each contract anniversary
this change, multiplied by the Participation Rate, is used to determine the
Interest Credit for that year. The annual Interest Credit will never be less than
zero.
MONTHLY POINT-TO-POINT WITH INDEX CAP RATE
This calculation method for determining any Interest Credit uses the monthly
changes in the index, subject to a monthly Index Cap Rate. The Interest
Credit is credited annually and is based on the sum of all the monthly
percentage changes in the index—which could be positive or negative. On
each contract anniversary, these monthly changes, each not to exceed the
monthly Index Cap Rate, are added together to determine the Interest Credit
for that year. Negative monthly returns have no downside limit and will
reduce the Interest Credit, but the Interest Credit will never be less than zero.
ANNUAL POINT-TO-POINT WITH INDEX CAP RATE
Annual Point-to-Point measures index growth using two points in time; the
beginning index value and the ending index value. Index linked gains are
calculated based on the difference between these two values. The Index
Growth, if any, is then subject to an Index Cap Rate. The annual Interest
Credit will never be less than zero.
INVERSE PERFORMANCE TRIGGER WITH DECLARED PERFORMANCE
RATE
The Inverse Performance Trigger (or Annual Declared Rate Negative
Performance Option) credits a Declared Performance Rate of interest when
the index stays the same or goes down throughout the year. The applied rate
will never be less than zero, and will never be more than the Declared
Performance Rate.
Annuitant Age: 65
Page 5 of 24

MNL IncomeVantageSM
14
GUARANTEEED LIFETIME WITHDRAWAL BENEFIT
FEATURE (GLWB)
The MNL INCOMEVANTAGE 14 INCLUDES A GUARANTEED LIFETIME
WITHDRAWAL BENEFIT FEATURE, OR GLWB
This benefit is included automatically on the MNL IncomeVantage 14 and
guarantees that a specified amount, the Lifetime Payment Amount (LPA),
can be withdrawn each Contract Year for the life of the Annuitant, even if the
Accumulation Value of the Contract and the GLWB Value are both reduced
to zero, provided no excess withdrawals are ever taken. On day one, the
contract will begin to accumulate a GLWB Value. After the first Contract
Year, provided the Annuitant is at least age 50, an LPA determined by the
Annuitant age and current GLWB Value is available for lifetime income. This
income is available without a surrender charge, Market Value Adjustment (if
applicable) or electing an annuity payout option.
GLWB VALUE
The GLWB Value is used as the basis for calculating the annual lifetime
income payments (called Lifetime Payment Amounts). This value is not the
basis for calculating the Death Benefit or penalty-free withdrawals and cannot
be withdrawn as a lump sum. This value can grow based on the GLWB
Bonus and GLWB Stacking Roll-Up credits. The GLWB Value initially equals
100% of your premium, plus the GLWB Bonus.
GLWB BONUS
The MNL IncomeVantage 14 has a 5% bonus on the GLWB Value for all
premiums added in the first five years.
This bonus is added only to the GLWB Value. This bonus does not apply to
the Accumulation Value.
GLWB STACKING ROLL-UP CREDIT
On each contract anniversary, during the GLWB Stacking Roll-Up Credit
Period (the first 20 Contract Years starting at the Policy Issue Date or until
the Lifetime Payment Election Date), the current GLWB Value will be
increased by an amount equal to 5% of the current GLWB Value, plus the
dollar amount of interest credited, if any, to the Accumulation Value during
the Contract Year, provided no partial surrenders were taken during that
Contract Year.
Annuitant Age: 65
Page 6 of 24

MNL IncomeVantageSM
14
GUARANTEED LIFETIME WITHDRAWAL BENEFIT
FEATURE (GLWB) (Continued)
GLWB LIFETIME PAYMENT AMOUNT (LPA)
You choose how frequently you receive your lifetime income payments:
monthly, quarterly, semi-annually or annually. When you first elect lifetime
income payments, your payments will be based on your current GLWB Value
multiplied by a percentage based on the Annuitant’s current attained age
(Lifetime Payment Percentage, see chart to the right). Payments can be
started and stopped at any time. Thereafter, on each contract anniversary,
your lifetime income payments may increase based on the Lifetime Payment
Percentage that applies to the Annuitant’s current attained age and current
GLWB Value. This may positively impact future lifetime income payments.
However, future payments will not decrease so long as you don’t withdraw
more than this amount in any Contract Year.
Annuitant(s)/Covered Person(s) Age at Issue
Valued Annuitant 65
Lifetime Payment Percentage*
Single Life Joint Life
Attained Age Percentage Attained Age Percentage
50-59 4.25% 50-59 3.75%
60 4.75% 60 4.25%
61 4.85% 61 4.35%
62 4.95% 62 4.45%
63 5.05% 63 4.55%
64 5.15% 64 4.65%
65 5.25% 65 4.75%
66 5.35% 66 4.85%
67 5.45% 67 4.95%
68 5.55% 68 5.05%
69 5.65% 69 5.15%
70 5.75% 70 5.25%
71 5.85% 71 5.35%
72 5.95% 72 5.45%
73 6.05% 73 5.55%
74 6.15% 74 5.65%
75 6.25% 75 5.75%
76 6.35% 76 5.85%
77 6.45% 77 5.95%
78 6.55% 78 6.05%
79 6.65% 79 6.15%
80+ 6.75% 80+ 6.25%
The Lifetime Payment Amount may decrease if total partial surrenders during
a Contract Year exceed the GLWB Value Partial Surrender Allowance.
* Your Lifetime Payment Percentage is determined by the attained age of the youngest
Annuitant/covered person.
Annuitant Age: 65
Page 7 of 24

MNL IncomeVantageSM
14
ANNUITY PAYOUT OPTIONS
Should you decide to receive an income from your annuity, you will have
several income options from which to choose, including: Life, Life with Period
Certain, Income for Specified Period, Income for a Specified Amount and Joint
and Survivor Income. By current Company practice, you may elect an annuity
payout option and receive an income based on the Accumulation Value
(without surrender charges or Interest Adjustment) after the first Contract Year
if you choose a Life Income option. You can also receive an income based on
the Accumulation Value if your annuity has been inforce for at least five years
and payments will be over at least a 10 year period.
See the table below for an example of a hypothetical 10 Year Period Certain
payout based on the illustrated Accumulation Values from the Most Recent
Period.
Accumulation
Value at Maturity
Monthly
Factors/$1000
Monthly Annuity
Income
Guaranteed
Rates
$0 8.96 $0.00
Current
Rates
$0 8.96 $0.00
MATURITY DATE
This is the date when a payout option must be elected and annuity payments
begin. The Maturity Date is the contract anniversary when the annuitant is age
115.
PROJECTED ILLUSTRATED VALUES
This illustration assumes the index will repeat historical performance and that
the annuity’s current non-guaranteed elements, such as Index Caps,
Participation Rates or other interest crediting adjustments, will not change. It
is likely that the index will not repeat historical performance, the non-
guaranteed elements will change, and actual values will be higher or lower
than those in this illustration but will not be less than the minimum
guarantees. The values in this illustration are not guarantees or even
estimates of the amounts you can expect from your annuity. Please review
the disclosure document provided with your illustration and Buyer’s Guide for
more detailed information.
Annuitant Age: 65
Page 8 of 24

MNL IncomeVantageSM
14
ALLOCATION SELECTION INFORMATION
Allocation Option Current Declared Rate Guaranteed
Rate
Allocation
Percentage
S&P 500 Monthly Point-to-Point (MPP) 1.80% Monthly Index Cap Rate 1% 100%
Annuitant Age: 65
Page 9 of 24

MNL IncomeVantageSM
14
MOST RECENT PERIOD from 12/31/2002 to 12/31/2012
Hypothetical Contract Values
Based on Guaranteed Rates
This chart illustrates values based on the ten most recent years of historical index performance, selected withdrawals, the initial allocation and guaranteed rates shown on page 9 of this illustration. These
guaranteed rates are effective as of the date of this illustration and are subject to change at any time. These values shown are not guarantees or even estimates of the amounts you can expect from your
annuity; actual results may be higher or lower.
GLWB Feature
END OF
YEAR
Start Age/
End Age
Premium
Annual
Withdrawals
(Beginning of
Year)
Accumulation
Value/
Death Benefit†
Surrender
Value^
Credited
Interest Rate
GLWB Stacking
Roll-Up Credit*
GLWB Value~
Lifetime
Payment
Percentage
Lifetime
Payment
Amount#
1 65 / 66 $100,000 $0 $107,650 $88,375 7.65% 12.29% $117,900 5.35% $6,308
2 66 / 67 $0 $0 $109,179 $89,259 1.42% 6.30% $125,324 5.45% $6,830
3 67 / 68 $0 $0 $109,179 $90,151 0.00% 5.00% $131,590 5.55% $7,303
4 68 / 69 $0 $0 $115,151 $91,053 5.47% 9.54% $144,141 5.65% $8,144
5 69 / 70 $0 $0 $115,151 $91,963 0.00% 5.00% $151,348 5.75% $8,703
6 70 / 71 $0 $0 $115,151 $92,883 0.00% 5.00% $158,916 5.85% $9,297
7 71 / 72 $0 $0 $115,151 $93,812 0.00% 5.00% $166,862 5.95% $9,928
8 72 / 73 $0 $0 $115,151 $94,750 0.00% 5.00% $175,205 6.05% $10,600
9 73 / 74 $0 $0 $115,151 $95,697 0.00% 5.00% $183,965 6.15% $11,314
10 74 / 75 $0 $0 $115,151 $96,654 0.00% 5.00% $193,163 6.25% $12,073
11 75 / 76 $0 $12,073 $104,078 $85,428 0.97% 0.00% $181,091 6.35% -
12 76 / 77 $0 $12,073 $92,898 $74,088 0.97% 0.00% $169,018 6.45% -
13 77 / 78 $0 $12,073 $81,609 $62,636 0.97% 0.00% $156,945 6.55% -
14 78 / 79 $0 $12,073 $70,211 $70,211 0.97% 0.00% $144,872 6.65% -
15 79 / 80 $0 $12,073 $58,702 $58,702 0.97% 0.00% $132,800 6.75% -
16 80 / 81 $0 $12,073 $47,082 $47,082 0.97% 0.00% $120,727 6.75% -
17 81 / 82 $0 $12,073 $35,348 $35,348 0.97% 0.00% $108,654 6.75% -
18 82 / 83 $0 $12,073 $23,502 $23,502 0.97% 0.00% $96,582 6.75% -
19 83 / 84 $0 $12,073 $11,540 $11,540 0.97% 0.00% $84,509 6.75% -
20 84 / 85 $0 $12,073 $0 $0 0.00% 0.00% $72,436 6.75% -
30 94 / 95 $0 $12,073 $0 $0 0.00% 0.00% $0 6.75% -
50 114 / 115 $0 $12,073 $0 $0 0.00% 0.00% $0 6.75% -
Total Withdrawals: $482,908 1.42%+
^ Reflects the maximum MVA.
† The death benefit will be at least as great as the Surrender Value.
+ Annual Effective Rate over first ten years.
* Expressed as an annual effective interest rate based on the GLWB Value.
~ The GLWB Value includes any GLWB Bonus.
# At the start of lifetime income, annual payments are reflected in the Annual Withdrawals column. The
Lifetime Payment Amount is based on the youngest Annuitant/Covered Person. The youngest
covered person is age 65 as of the illustration date and is age 75 when Lifetime Income Payments
begin.ILLUSTRATION SNAPSHOT GLWB FEATURES
Annuitant Age: 65
Page 10 of 24

MNL IncomeVantageSM
14
Credited Interest Rates
This chart shows the percentage of interest credited for the Hypothetical Contract Values on the previous page. These interest credit rates are based on the historical index growth, the selected index and
crediting method, and guaranteed rates as shown on page 9 of this illustration. These interest credit percentages shown are not guarantees or even estimates of the amounts you can expect from your
Index Option Based Interest Credit
Index Return S&P 500
S&P 500 MPP Total Credited Interest Rate
Alloc. % 100%
END OF YEAR
1 26.38% 7.65% 7.65%
2 8.99% 1.42% 1.42%
3 3.00% 0.00% 0.00%
4 13.62% 5.47% 5.47%
5 3.53% 0.00% 0.00%
6 -38.49% 0.00% 0.00%
7 23.45% 0.00% 0.00%
8 12.78% 0.00% 0.00%
9 0.00% 0.00% 0.00%
10 13.41% 0.00% 0.00%
11+* 4.95% 0.97% 0.97%
Annual Effective Rate (First 10 years): 4.95% 1.42% 1.42%
* The projected rate in years 11 and after is based on repeating the most recent ten
year index performance as an annual effective rate.
Abbreviation Definition
MPP Monthly Point-to-Point
Annuitant Age: 65
Page 11 of 24

MNL IncomeVantageSM
14
Based on Current Rates
This chart illustrates values based on the ten most recent years of historical index performance, selected withdrawals, the initial allocation and current rates shown on page 9 of this illustration. These
guaranteed rates are effective as of the date of this illustration and are subject to change at any time. These values shown are not guarantees or even estimates of the amounts you can expect from your
GLWB Feature
END OF
YEAR
Start Age/
End Age
Premium
Annual
Withdrawals
(Beginning of
Year)
Accumulation
Value/
Death Benefit†
Surrender
Value^
Credited
Interest Rate
GLWB Stacking
Roll-Up Credit*
GLWB Value~
Lifetime
Payment
Percentage
Lifetime
Payment
Amount#
1 65 / 66 $100,000 $0 $107,650 $88,375 7.65% 12.29% $117,900 5.35% $6,308
2 66 / 67 $0 $0 $113,442 $89,259 5.38% 9.91% $129,587 5.45% $7,062
3 67 / 68 $0 $0 $113,442 $90,151 0.00% 5.00% $136,066 5.55% $7,552
4 68 / 69 $0 $0 $124,672 $91,053 9.90% 13.25% $154,100 5.65% $8,707
5 69 / 70 $0 $0 $124,672 $91,963 0.00% 5.00% $161,805 5.75% $9,304
6 70 / 71 $0 $0 $124,672 $92,883 0.00% 5.00% $169,895 5.85% $9,939
7 71 / 72 $0 $0 $124,672 $93,812 0.00% 5.00% $178,390 5.95% $10,614
8 72 / 73 $0 $0 $124,672 $94,750 0.00% 5.00% $187,309 6.05% $11,332
9 73 / 74 $0 $0 $124,672 $95,697 0.00% 5.00% $196,675 6.15% $12,096
10 74 / 75 $0 $0 $129,734 $96,654 4.06% 7.57% $211,570 6.25% $13,223
11 75 / 76 $0 $13,223 $119,587 $84,266 2.64% 0.00% $198,347 6.35% -
12 76 / 77 $0 $13,223 $109,172 $71,753 2.64% 0.00% $185,124 6.45% -
13 77 / 78 $0 $13,223 $98,481 $59,115 2.64% 0.00% $171,901 6.55% -
14 78 / 79 $0 $13,223 $87,509 $87,509 2.64% 0.00% $158,678 6.65% -
15 79 / 80 $0 $13,223 $76,247 $76,247 2.64% 0.00% $145,455 6.75% -
16 80 / 81 $0 $13,223 $64,688 $64,688 2.64% 0.00% $132,231 6.75% -
17 81 / 82 $0 $13,223 $52,823 $52,823 2.64% 0.00% $119,008 6.75% -
18 82 / 83 $0 $13,223 $40,646 $40,646 2.64% 0.00% $105,785 6.75% -
19 83 / 84 $0 $13,223 $28,146 $28,146 2.64% 0.00% $92,562 6.75% -
20 84 / 85 $0 $13,223 $15,317 $15,317 2.64% 0.00% $79,339 6.75% -
30 94 / 95 $0 $13,223 $0 $0 0.00% 0.00% $0 6.75% -
50 114 / 115 $0 $13,223 $0 $0 0.00% 0.00% $0 6.75% -
Total Withdrawals: $528,926 2.64%+
begin.ILLUSTRATION SNAPSHOT GLWB FEATURES
Annuitant Age: 65
Page 12 of 24

MNL IncomeVantageSM
14
crediting method, and current rates as shown on page 9 of this illustration. These interest credit percentages shown are not guarantees or even estimates of the amounts you can expect from your annuity;
actual results may be higher or lower.
Alloc. % 100%
END OF YEAR
1 26.38% 7.65% 7.65%
2 8.99% 5.38% 5.38%
3 3.00% 0.00% 0.00%
4 13.62% 9.90% 9.90%
5 3.53% 0.00% 0.00%
6 -38.49% 0.00% 0.00%
7 23.45% 0.00% 0.00%
8 12.78% 0.00% 0.00%
9 0.00% 0.00% 0.00%
10 13.41% 4.06% 4.06%
11+* 4.95% 2.64% 2.64%
* The projected rate in years 11 and after is based on repeating the most recent ten
year index performance as an annual effective rate.
Annuitant Age: 65
Page 13 of 24

MNL IncomeVantageSM
14
This chart illustrates values based on the most favorable ten year period out of the last twenty years of historical index performance, selected withdrawals, the initial allocation and guaranteed rates shown on
page 9 of this illustration. These guaranteed rates are effective as of the date of this illustration and are subject to change at any time. These values shown are not guarantees or even estimates of the
amounts you can expect from your annuity; actual results may be higher or lower.
GLWB Feature
END OF
YEAR
Start Age/
End Age
Premium
Annual
Withdrawals
(Beginning of
Year)
Accumulation
Value/
Death Benefit†
Surrender
Value^
Credited
Interest Rate
GLWB Stacking
Roll-Up Credit*
GLWB Value~
Lifetime
Payment
Percentage
Lifetime
Payment
Amount#
1 65 / 66 $100,000 $0 $117,410 $88,375 17.41% 21.58% $127,660 5.35% $6,830
2 66 / 67 $0 $0 $119,746 $89,259 1.99% 6.83% $136,379 5.45% $7,433
3 67 / 68 $0 $0 $119,746 $90,151 0.00% 5.00% $143,198 5.55% $7,948
4 68 / 69 $0 $0 $119,746 $91,053 0.00% 5.00% $150,358 5.65% $8,495
5 69 / 70 $0 $0 $119,746 $91,963 0.00% 5.00% $157,876 5.75% $9,078
6 70 / 71 $0 $0 $119,746 $92,883 0.00% 5.00% $165,770 5.85% $9,698
7 71 / 72 $0 $0 $119,746 $93,812 0.00% 5.00% $174,059 5.95% $10,356
8 72 / 73 $0 $0 $119,746 $94,750 0.00% 5.00% $182,762 6.05% $11,057
9 73 / 74 $0 $0 $123,231 $95,697 2.91% 6.91% $195,384 6.15% $12,016
10 74 / 75 $0 $0 $124,981 $96,654 1.42% 5.90% $206,903 6.25% $12,931
$0 2.25%+
begin.
Annuitant Age: 65
Page 14 of 24

MNL IncomeVantageSM
14
Alloc. % 100%
END OF YEAR
1 34.11% 17.41% 17.41%
2 20.26% 1.99% 1.99%
3 31.01% 0.00% 0.00%
4 26.67% 0.00% 0.00%
5 19.53% 0.00% 0.00%
6 -10.14% 0.00% 0.00%
7 -13.04% 0.00% 0.00%
8 -23.37% 0.00% 0.00%
9 26.38% 2.91% 2.91%
10 8.99% 1.42% 1.42%
Index Highest Index Growth Period
S&P500 Index 12/31/1994 to 12/31/2004
Annuitant Age: 65
Page 15 of 24

MNL IncomeVantageSM
14
This chart illustrates values based on the most favorable ten year period out of the last twenty years of historical index performance, selected withdrawals, the initial allocation and current rates shown on
page 9 of this illustration. These current rates are effective as of the date of this illustration and are subject to change at any time. These values shown are not guarantees or even estimates of the amounts
you can expect from your annuity; actual results may be higher or lower.
GLWB Feature
END OF
YEAR
Start Age/
End Age
Premium
Annual
Withdrawals
(Beginning of
Year)
Accumulation
Value/
Death Benefit†
Surrender
Value^
Credited
Interest Rate
GLWB Stacking
Roll-Up Credit*
GLWB Value~
Lifetime
Payment
Percentage
Lifetime
Payment
Amount#
1 65 / 66 $100,000 $0 $117,410 $88,375 17.41% 21.58% $127,660 5.35% $6,830
2 66 / 67 $0 $0 $125,781 $89,259 7.13% 11.56% $142,414 5.45% $7,762
3 67 / 68 $0 $0 $127,429 $90,151 1.31% 6.16% $151,183 5.55% $8,391
4 68 / 69 $0 $0 $127,429 $91,053 0.00% 5.00% $158,742 5.65% $8,969
5 69 / 70 $0 $0 $127,671 $91,963 0.19% 5.15% $166,921 5.75% $9,598
6 70 / 71 $0 $0 $127,671 $92,883 0.00% 5.00% $175,267 5.85% $10,253
7 71 / 72 $0 $0 $127,671 $93,812 0.00% 5.00% $184,031 5.95% $10,950
8 72 / 73 $0 $0 $127,671 $94,750 0.00% 5.00% $193,232 6.05% $11,691
9 73 / 74 $0 $0 $137,438 $95,697 7.65% 10.05% $212,661 6.15% $13,079
10 74 / 75 $0 $0 $144,832 $96,654 5.38% 8.48% $230,688 6.25% $14,418
$0 3.77%+
begin.
Annuitant Age: 65
Page 16 of 24

MNL IncomeVantageSM
14
Alloc. % 100%
END OF YEAR
1 34.11% 17.41% 17.41%
2 20.26% 7.13% 7.13%
3 31.01% 1.31% 1.31%
4 26.67% 0.00% 0.00%
5 19.53% 0.19% 0.19%
6 -10.14% 0.00% 0.00%
7 -13.04% 0.00% 0.00%
8 -23.37% 0.00% 0.00%
9 26.38% 7.65% 7.65%
10 8.99% 5.38% 5.38%
Index Highest Index Growth Period
S&P500 Index 12/31/1994 to 12/31/2004
Annuitant Age: 65
Page 17 of 24

MNL IncomeVantageSM
14
LOWEST Index Growth Period
This chart illustrates values based on the least favorable ten year period out of the last twenty recent years of historical index performance, selected withdrawals, the initial allocation and guaranteed rates
shown on page 9 of this illustration. These guaranteed rates are effective as of the date of this illustration and are subject to change at any time. These values shown are not guarantees or even estimates of
the amounts you can expect from your annuity; actual results may be higher or lower.
GLWB Feature
END OF
YEAR
Start Age/
End Age
Premium
Annual
Withdrawals
(Beginning of
Year)
Accumulation
Value/
Death Benefit†
Surrender
Value^
Credited
Interest Rate
GLWB Stacking
Roll-Up Credit*
GLWB Value~
Lifetime
Payment
Percentage
Lifetime
Payment
Amount#
1 65 / 66 $100,000 $0 $100,190 $88,375 0.19% 5.18% $110,440 5.35% $5,909
2 66 / 67 $0 $0 $100,190 $89,259 0.00% 5.00% $115,962 5.45% $6,320
3 67 / 68 $0 $0 $100,190 $90,151 0.00% 5.00% $121,760 5.55% $6,758
4 68 / 69 $0 $0 $100,190 $91,053 0.00% 5.00% $127,848 5.65% $7,223
5 69 / 70 $0 $0 $103,106 $91,963 2.91% 7.28% $137,156 5.75% $7,886
6 70 / 71 $0 $0 $104,570 $92,883 1.42% 6.07% $145,478 5.85% $8,510
7 71 / 72 $0 $0 $104,570 $93,812 0.00% 5.00% $152,752 5.95% $9,089
8 72 / 73 $0 $0 $110,290 $94,750 5.47% 8.74% $166,109 6.05% $10,050
9 73 / 74 $0 $0 $110,290 $95,697 0.00% 5.00% $174,415 6.15% $10,727
10 74 / 75 $0 $0 $110,290 $96,654 0.00% 5.00% $183,136 6.25% $11,446
$0 0.98%+
begin.
Annuitant Age: 65
Page 18 of 24

MNL IncomeVantageSM
14
Alloc. % 100%
END OF YEAR
1 19.53% 0.19% 0.19%
2 -10.14% 0.00% 0.00%
3 -13.04% 0.00% 0.00%
4 -23.37% 0.00% 0.00%
5 26.38% 2.91% 2.91%
6 8.99% 1.42% 1.42%
7 3.00% 0.00% 0.00%
8 13.62% 5.47% 5.47%
9 3.53% 0.00% 0.00%
10 -38.49% 0.00% 0.00%
Annual Effective Rate (First 10 years): -3.03% 0.98% 0.98%
Index Lowest Index Growth Period
S&P500 Index 12/31/1998 to 12/31/2008
Annuitant Age: 65
Page 19 of 24

MNL IncomeVantageSM
14
This chart illustrates values based on the least favorable ten year period out of the last twenty years of historical index performance, selected withdrawals, the initial allocation and current rates shown on
page 9 of this illustration. These current rates are effective as of the date of this illustration and are subject to change at any time. These values shown are not guarantees or even estimates of the amounts
you can expect from your annuity; actual results may be higher or lower.
GLWB Feature
END OF
YEAR
Start Age/
End Age
Premium
Annual
Withdrawals
(Beginning of
Year)
Accumulation
Value/
Death Benefit†
Surrender
Value^
Credited
Interest Rate
GLWB Stacking
Roll-Up Credit*
GLWB Value~
Lifetime
Payment
Percentage
Lifetime
Payment
Amount#
1 65 / 66 $100,000 $0 $100,190 $88,375 0.19% 5.18% $110,440 5.35% $5,909
2 66 / 67 $0 $0 $100,190 $89,259 0.00% 5.00% $115,962 5.45% $6,320
3 67 / 68 $0 $0 $100,190 $90,151 0.00% 5.00% $121,760 5.55% $6,758
4 68 / 69 $0 $0 $100,190 $91,053 0.00% 5.00% $127,848 5.65% $7,223
5 69 / 70 $0 $0 $107,855 $91,963 7.65% 11.00% $141,905 5.75% $8,160
6 70 / 71 $0 $0 $113,657 $92,883 5.38% 9.09% $154,803 5.85% $9,056
7 71 / 72 $0 $0 $113,657 $93,812 0.00% 5.00% $162,543 5.95% $9,671
8 72 / 73 $0 $0 $124,909 $94,750 9.90% 11.92% $181,922 6.05% $11,006
9 73 / 74 $0 $0 $124,909 $95,697 0.00% 5.00% $191,018 6.15% $11,748
10 74 / 75 $0 $0 $124,909 $96,654 0.00% 5.00% $200,569 6.25% $12,536
$0 2.25%+
begin.
Annuitant Age: 65
Page 20 of 24

MNL IncomeVantageSM
14
Alloc. % 100%
END OF YEAR
1 19.53% 0.19% 0.19%
2 -10.14% 0.00% 0.00%
3 -13.04% 0.00% 0.00%
4 -23.37% 0.00% 0.00%
5 26.38% 7.65% 7.65%
6 8.99% 5.38% 5.38%
7 3.00% 0.00% 0.00%
8 13.62% 9.90% 9.90%
9 3.53% 0.00% 0.00%
10 -38.49% 0.00% 0.00%
Annual Effective Rate (First 10 years): -3.03% 2.25% 2.25%
Index Lowest Index Growth Period
S&P500 Index 12/31/1998 to 12/31/2008
Annuitant Age: 65
Page 21 of 24

MNL IncomeVantageSM
14
Projected Accumulation Value Based on Current Rates Over a 10 Year Period
This graph shows the projected Accumulation Values based on historical index performance determined by the three historical indexing periods, the initial allocation, withdrawal selections and current rates
shown on page 9 of the illustration.
Annuitant Age: 65
Page 22 of 24

MNL IncomeVantageSM
14
MARKET VALUE ADJUSTMENT (MVA)
When you make a withdrawal, the amount you receive may be increased or
decreased by a Market Value Adjustment, also known as Interest Adjustment,
depending on the change in interest rates since your annuity purchase. If interest
rates on which the MVA is based go up after you buy your annuity, the MVA will
likely decrease the amount you receive. If interest rates go down, the MVA will
likely increase the amount you receive.
A Market Value Adjustment is applied only during the surrender period to full
surrenders and any partial surrenders in excess of the Penalty-Free Partial
Surrender Allowance. Changes in the policy value due to Market Value Adjustment
are not quoted in this illustration.
The graph below shows the Projected Surrender Value under sample MVA
scenarios as described below during the initial guarantee period of the contract
based on the initial premium amount and the assumption that there are no partial
withdrawals.
Annuitant Age: 65
Page 23 of 24

MNL IncomeVantageSM
14
It is important to carefully consider the benefits and limitations of a GLWB feature to ensure that
it is consistent with your personal goals and needs.
Premium taxes: Accumulation Value will be reduced for premium taxes as required by the state
of residence. These taxes are not reflected in the illustrated values.
The Dow Jones Industrial Average
SM
is a product of Dow Jones Indexes, the marketing name
and a licensed trademark of CME Group Index Services LLC ("CME Indexes"), and has been
licensed for use. "Dow Jones
®
", "Dow Jones Industrial Average
SM
", "DJIASM" and "Dow Jones
Indexes" are service marks of Dow Jones Trademark Holdings, LLC ("Dow Jones"), have been
licensed to CME Indexes and sublicensed for use for certain purposes by Midland National.
Midland National’s MNL IncomeVantage 14 is based on the Dow Jones Industrial Average
SM
,
are not sponsored, endorsed, sold or promoted by Dow Jones, CME Indexes or their respective
affiliates and none of them makes any representation regarding the advisability of investing in
such product(s).
"Standard & Poor’s
®
", "S&P
®
", "S&P 500
®
", "Standard & Poor’s 500", "Standard & Poor’s
MidCap 400" and "S&P MidCap 400
®
are trademarks of The McGraw-Hill Companies, Inc. and
have been licensed for use by Midland National. The product(s) is not sponsored, endorsed, sold
or promoted by Standard & Poor’s and Standard & Poor’s makes no representation regarding
the advisability of purchasing the product(s).
The Nasdaq-100
®
, Nasdaq-100
®
Index and Nasdaq
®
are registered trademarks of the Nasdaq
Stock Market Inc. (which with its affiliates are the "Corporations") and are licensed for use by
Midland National. The Product(s) have not been passed on by the Corporations as to their
legality or suitability. The MNL IncomeVantage 14 is not issued, endorsed, sold or promoted by
the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY
WITH RESPECT TO THE MNL INCOMEVANTAGE.
The Gold Price Index Option credits interest based on the change in the price of gold per troy
ounce in US Dollars as established by the Afternoon (PM) London Gold Market Fixing Price. The
Afternoon (PM) London Gold Market Fixing Price is available at the website
[www.goldfixing.com], and also can be found at Bloomberg. com under the symbol
[GOLDLNPM:IND.] We reserve the right to add, remove or revise availability of the Gold Price
Index Option, or to substitute a different widely published benchmark for the price of gold for the
use in the Gold Price Index Option should the Company in its discretion determine that the use
of the Afternoon (PM) London Gold Market Fixing Price is no longer is commercially reasonable.
The Gold Price Index Option does not constitute a purchase of or direct investment in gold.
All references to The London Gold Market Fixing prices are used with the permission of The
London Gold Market Fixing Limited and have been provided for informational purposes only. The
London Gold Market Fixing Limited accepts no liability or responsibility for the accuracy of the
prices or the underlying product to which the prices may be referenced.
Annuitant Age: 65
Page 24 of 24

MNL IncomeVantage 14
Input Summary Report
Producer
Producer McNeill, Don
Owner Information
Owner Information
Owner Type Same as Annuitant(s)
Annuitant Information
Annuitant Type Individual
Client Name Valued Annuitant
Gender Male
Issue Age 65
Illustration
Period Illustrated Accumulation Only
Illustration Effective Date 06/17/2013
Market Non-Qualified Contract
Accumulation Benefits
Guaranteed Minimum Accumulation Benefit False
Guaranteed Minimum Withdrawal Benefit True Lifetime
Guaranteed Minimum Income Benefit False
Guaranteed Minimum Death Benefit Account Value
Initial Contribution
Amount $100,000
1035 Exchange Amount $0
1035 Exchange Basis $0
Periodic Payments
Mode Annual
Scheduled Payments Value Adjustment From - Through
$0.00 $0.00 2 - M
Withdrawals
Mode Annual
Scheduled Withdrawals Type Value Adjustment From - Through
None 2 - 10
Lifetime Income Payments $0.00 $0.00 11 - M
Performance Model
Illustration Based On Custom Subaccount Allocation
Subaccount Assumptions
Past Performance Duration Longest Common Period
Illustrate Dollar Cost Averaging False
Subaccount S&P500 Index 100.00 %
Rebalance Subaccount None
Reports Options
Years to Illustrate Maturity

Personalized Annuity Illustration

Recommended

Recommended

More Related Content

What's hot

What's hot (20)

Similar to Personalized Annuity Illustration

Similar to Personalized Annuity Illustration (20)

More from Don McNeill, ChFC

More from Don McNeill, ChFC (17)

Recently uploaded

Recently uploaded (20)

Personalized Annuity Illustration