12356 Y

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12356 Y

  1. 1. Looking for guaranteed retirement incomethat also offers flexibility and control?<br />12356Y PRT 05-08<br />
  2. 2.
  3. 3. Retirement Planning<br />
  4. 4. A Difficult and Confusing Task <br />Lengthier retirement, often lasting more than 25 years (2000 Mortality Tables)<br />• Inflation (averaging 3% to 4% percent) decreasing the value of the dollar yet increasing cost of living (CPI Index)<br />• Shift in focus from wealth creation to income generation<br />
  5. 5. Growth Potential<br />
  6. 6. Bonuses and Annual Reset Features<br />Bonus Credits applied to your Guaranteed Payment Balance (GPB) — each year a withdrawal is not taken<br />8% end of first year<br />6% for life (end of years 2 and beyond)<br />Annual “resets” can lock in applicable Interest Credits and may increase: <br />GPB values<br />Lifetime Payment Amounts (LPAs)<br />
  7. 7. How Your Money Grows<br />A Tale of Two Values<br />
  8. 8. How Your Money Grows (cont.)<br />The following illustrates how values will be calculated by comparing the Accumulation Value and the GPB.<br />
  9. 9. Flexibility and Control<br />
  10. 10. Flexible Income for Life<br />The Guaranteed Income Provider Plus also offers you total control over withdrawals and income. <br />Utilizing a common portfolio of stocks and bonds …<br />Table assumes a portfolio mix consisting of 50% stocks and 50% bonds. Projections generated regarding of various investment outcomes are hypothetical in nature and do not reflect actual investment results. Source: Morningstar 2007. Probability of maintaining income during one’s lifetime may vary by client based on variables such as age at time of withdrawal, interest earned on retirement portfolio and value of retirement portfolio.<br />
  11. 11. Your Lifetime Payment Amounts (LPAs)<br />Payments based on:<br />Values in your GPB (Guaranteed Payment Balance) <br />Your attained age when withdrawals are taken, beginning at age 50<br />LPAs can increase based upon increases in GPB values or if a higher Lifetime Payment Percentage applies. This increase to the LPA is called LPA Step Up.<br />You elect the frequency of payments<br />Monthly, quarterly, semi-annually, annually<br />
  12. 12. The chart to your left shows the applicable Lifetime Payment Percentage based upon your age when you take your withdrawal. <br />This percentage, based on your attained age and applied to your GPB, is used in calculating your LPA. <br />Lifetime Payment Percentages increase as you get older which can positively impact your LPA, with the LPA Step-Up. This LPA increase is called the LPA Step-Up.<br />
  13. 13. Withdrawals<br />Keep in mind this rider was created to provide you income over the long term and withdrawals in excess of your Lifetime Payment Amount may reduce your GPB value by more than the amount withdrawn.<br />All withdrawals (including LPAs) will be treated as income and will be taxed accordingly. Withdrawals, if taken prior to age 59 1/2, will be subject to a 10% IRS penalty tax.<br />
  14. 14. Illustrating the Benefits of theGuaranteed Income Provider PlusSM<br />Case Study:<br />Marykay Baker is 57 years old and is planning to retire at age 60. Being in good health, Marykay plans on maintaining her active lifestyle into her retirement. While she does not have an immediate need for income, Marykay would like to place her retirement income in a low-cost option that offers the following features:<br />• Guaranteed income to support her active lifestyle during retirement.<br />• Unlimited bonus credits for not taking withdrawals.<br />• Flexibility to start and stop withdrawals should the need arise.<br />
  15. 15. Illustrating the Benefits of theGuaranteed Income Provider PlusSM<br />The illustration shows hypothetical results if Marykay purchased a Midland National Fixed Index Annuity with an initial premium of $100,000, a 10% premium bonus and the optional Guaranteed Income Provider Plus at age 57. <br />
  16. 16. Rider Highlights<br /><ul><li>Available on ages 40 and above on most Midland National Fixed Index Annuities (Qualified and Nonqualified)*.
  17. 17. Guarantees a lifetime income benefit anytime after age 50.
  18. 18. Lifetime withdrawals can be started or stopped depending on your needs and objectives.
  19. 19. Unlimited, automatic bonus credits:
  20. 20. 8% First year
  21. 21. 6% in subsequent years (years 2 and beyond)</li></ul> Bonuses are applied to the Guaranteed Payment Balance at the end of each contract year when a withdrawal is not taken.<br />
  22. 22. Rider Highlights (cont.)<br /><ul><li>Guarantees that surrender charges and/or interest adjustments will not be assessed if withdrawals do not exceed maximum limits (penalty-free withdrawal limits).
  23. 23. Low annual cost — 0.45% — deducted, penalty-free from your contract’s Accumulation Value each anniversary. Cost is set at issue and will not change. Withdrawals to pay rider charges will not be taxed as ordinary income.</li></li></ul><li>Confidence and Security<br />
  24. 24. Midland National - Annuities at their best<br />Guaranteed Income for Life<br />High Company Ratings**<br />Product Quality<br />** Please see our website www.midlandannuity.com for ratings<br />
  25. 25. *The Guaranteed Income Provider Plus is not available on any of the MNL Veridian products or the MNL SelectSM with 5% Penalty Free Withdrawal Option. The Guaranteed Income Provider PlusSM is an optional rider issued on form AR195A or state variation by Midland National Life Insurance Company, West Des Moines, IA.<br />This presentation offers a brief explanation of the features and benefits of the Guaranteed Income Provider Plus and not to be used without the product brochure (12204Y). Please refer to the product brochure for complete details on the features discussed in this presentation.<br />12356Y PRT 05-08<br />

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