Midland National Endeavor 8 Plus Fixed Indexed Annuity


Midland National Endeavor 8 is an 8-year fixed indexed annuity with a premium bonus providing safe growth for your retirement savings. Compare and request a quote.

MNL Endeavor 8 Plus is a deferred, flexible premium, fixed index annuity from Midland National Life Insurance Company.

With the MNL Endeavor 8 Plus, you’ll earn a 4% premium bonus on premiums received in the first five years, providing an immediate boost to your savings.

From there, the value will grow at a rate based on the fixed or index account (or index accounts) you choose.

Index accounts are tied to market performance, but they are not an actual investment in the stock market.

We’ll go more in-depth in the “how your value can grow” section.

In other words, you’ll get credit for some of the market’s growth in up times.

In downtimes, when the market sees zero gains or actually loses value, your premium will never be at risk of decreasing due to those losses.


Tax deferral improves growth potential.

Your money grows on a tax-deferred basis, meaning more of it is working for you.

Growing your money tax-deferred means you don’t owe taxes until you access your money, allowing more time for growth potential.

Work with your tax advisor to find out how this might work for you.

Under current law, annuities grow tax-deferred.

An annuity is not required for tax deferral in qualified plans.

Annuities may be subject to taxation during the income or withdrawal phase. 


Provide a lasting legacy

Your beneficiaries will get the remaining accumulation value of your annuity as a death benefit – either in an immediate lump sum or in installments.

And, because annuities may avoid the costs and delays of probate, they may not have to wait.

Midland National Life Insurance is also an inexpensive way to leave a death benefit to beneficiaries.


Take advantage of flexible payout options.

Whether you need to start drawing income soon after purchasing your annuity or you’d prefer to wait and build your lifetime income potential, there’s an option for you.


Options for accessing your money

What if you need your money sooner than you planned?

Like most annuities, you’ll be limited in when and how much you can withdraw from your annuity penalty-free.

However, Midland National’s Endeavor 8 Plus does allow you access to a portion of your money each year.

Taking out more money than what’s available penalty-free will incur a surrender charge.

A market value adjustment may also apply.

Withdrawals may be treated by the government as ordinary income.

If taken prior to age 59 1/2, a withdrawal could also be subject to a 10% IRS penalty.

Withdrawals will reduce your accumulation value accordingly.


How and when you can take penalty-free withdrawals

After the first contract anniversary, you may choose to take a penalty-free withdrawal (also known as a penalty-free partial surrender) of up to 10% of the accumulation value each year.

If you withdraw more than that, a surrender charge and market value adjustment may apply.

After the surrender charge period, surrender charges and a market value adjustment will no longer apply.


RMD-friendly withdrawals

The IRS requires everyone with savings in certain tax-deferred retirement accounts to begin drawing down their savings the year they turn 70 1/2 years old.

These are called required minimum distributions (RMDs).

By current company practice*, we’ll waive surrender charges and market value adjustments on any portion of an IRS-required minimum distribution that goes beyond what’s available to you penalty-free.


Nursing home confinement waiver adds flexibility (not available in all states)

For those 75 years old and under when your annuity is issued, you’ll automatically get a benefit at no additional cost that helps you out if you ever need the services of a qualified nursing home facility.

After your first contract anniversary, a qualifying stay of at least 90 consecutive days will grant you a 10% increase in the penalty-free amount you can withdraw each year you remain in the nursing home.

You can spend this money on whatever you would like.


Minimum Premium

Maximum Premium

Enhanced Benefits

Contract Length

Company Rating (A.M. Best)

Maximum Issue Age

Premium Bonus (Up to)

Insurance Company

Premium Type

Annuitization Required

Annual Penalty-Free Withdrawals

Death Benefit


Surrender Charge Waivers

State Availability

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Cancellation Policy

Liquidity Options

Annual Fees

Accepted Funds

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Non-Qualified Annuity

Non-qualified funds are cash, checking, savings, life insurance cash value, etc. Only the interest you’ve earned will be taxed as ordinary income as you withdraw money.

Qualified Annuity

Qualified funds are 401k, IRA, SEP, 403b, TSA, etc. Both principal and interest will be taxed as ordinary income as you withdraw money.

Roth IRA Annuity

Withdrawals from Roth IRA annuities are tax-free as long as the IRS requirements are met.


If you withdraw money from your annuity before you turn age 59.5, you will receive a penalty of 10% plus ordinary income taxes from the IRS.


For more information:  How Are Annuities Taxed?

Premium Bonus

This annuity offers up to a 3% premium bonus.


Disclaimer*Premium Bonuses may vary by state.  For the most accurate information, please request info in the Request Quote form.

About Midland National

Midland National Life Insurance Company

Sammons Retirement Solutions
4350 Westown Parkway
West Des Moines, Iowa 50266
Policyholders: (877) 586-0240
Agents: (877) 586-0241


Financial Strength

  • A.M. Best: “A+” (Superior)
  • S&P: A+
  • Fitch: A+



Midland Endeavor 8 Plus Fixed Index Annuity

Disclaimer*Brochures may vary by state.  For the most accurate information, please request info in the Request Quote form.

Are Annuities FDIC Insured?

Fixed annuities are not FDIC insured, but they have similar protections for your money. An annuity is an insurance policy guaranteed by the insurance company’s claims-paying ability. The insurance companies are members of the state insurance guarantee associations in each state where they do business. Each state insurance guarantee association protects consumers in the unlikely event that their insurance company fails and defaults on their obligations to their consumers (limits vary per state).

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