Midland National Index Builder 14 Fixed Indexed Annuity


Midland National Index Builder 14 fixed indexed annuity grows your retirement savings safely. 

The MNL IndexBuilder 14 flexible premium, fixed index annuity is a 14-year retirement savings plan that offers you growth potential for your retirement assets but also protection from losses due to downside market fluctuations.


Key features include:

Premium bonus

Upfront premium bonus to give your retirement savings a jumpstart.

This premium bonus may vary depending on your initial premium amount when your contract is issued.

Interest crediting

Fixed and index account options offer upside potential without downside market risk.

Liquidity options

IndexBuilder provides access to your accumulation value when you need it most.


For many people, retirement is viewed as a time of rest and reflection.

They have worked hard and planned diligently to ensure retirement is not “the end” but instead a new beginning.

Offices and work schedules are to be replaced with road trips and clear calendars.

Others, however, are seeing retirement in a different light.

Multiple recessions, an uncertain Social Security future, and a daily fluctuating market have created doubt about retirement readiness.

“Will I have enough money to retire comfortably?”

“Is there a chance I could outlive my assets?”

“How can I have growth potential on my assets without riding the ups and downs of the market?”

Do any of these questions look familiar?

Many consumers are searching for the same thing – growth potential with downside protection.

While they may give up achieving the highest growth potential, they also assure themselves some level of guarantees for stability.

Midland National Life Insurance Company builds annuity solutions designed around one purpose – helping clients reimagine their retirement with confidence and optimism.


Other Benefits and Features

Tax deferral

Tax-deferred growth allows your money to grow faster because you earn interest on dollars that would otherwise be paid in taxes.

Your premium earns interest, the interest compounds within the contract, and the money you would have paid in taxes earns interest.

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.

May avoid probate

By naming a beneficiary, you may minimize the delays, expense, and publicity often associated with probate.

Your designated beneficiary receives death proceeds in either a lump sum or a series of payments.

Please consult with and rely on your own legal or tax advisor.

Death benefit

Midland National will payout, as the death benefit, the accumulation value to your beneficiary upon the death of the annuitant or an owner provided no payout option has been elected.

Your beneficiary may choose to receive the payout in either a lump sum or a series of income payments.

If joint annuitants are named, the death benefit will be paid on the death of the second annuitant.

If joint owners are named, the death benefit will be paid on the death of the first owner, unless the sole beneficiary is the owner’s spouse and he or she elects to continue this contract under its spousal continuance provisions.

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

Lifetime income

Through your election of an annuity payout option, Midland National can provide you with a guaranteed income stream with the purchase of your tax-deferred annuity.

You have the ability to choose from several different annuity payout options, including life or a specified period.

Once a payout option is elected it cannot be changed and all other rights and benefits under the annuity ends.



Building a foundation

The MNL IndexBuilder 14 provides a solid foundation for your retirement assets through an immediate premium bonus and a few key contract values to give your savings a boost.

Premium bonus

To get a head start on your retirement savings, Midland National credits you a premium bonus.

The premium bonus is credited to your accumulation value upon issue and is applied to the accumulation value when additional premiums are received during the first seven years.

It is important to note that the premium bonus, as part of the full accumulation value, is paid out upon death.

Products that have premium bonuses may offer lower credited interest rates, lower index cap rates, lower participation rates, and/or greater index margins than products that don’t offer a premium bonus.

Over time and under certain scenarios, the amount of the premium bonus may be offset by lower credited interest rates, lower index cap rates, lower participation rates, and/or greater index margins.

Contract values

Accumulation value

The accumulation value is 100% of the premium, plus any applicable premium bonus, allocated to the fixed and index accounts, plus any fixed or index account interest earned.

It will be reduced by the amount of any withdrawals but cannot decrease due to negative index performance.

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 market value adjustment, less applicable surrender charges, premium bonus recapture, and state premium taxes (where applicable).

The minimum surrender value will not be less than 87.5% of all premiums; less any partial surrenders (after market value adjustment, reductions for surrender charges, and premium bonus recapture); accumulated at 1.00%, or otherwise directed by your contract.

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.



Accessing your money

With MNL IndexBuilder 14, you can access your money in a number of different ways, depending on when it may be needed.

Penalty-free withdrawals

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

After the surrender charge period, surrender charges, premium bonus recapture, and a market value adjustment no longer apply to any withdrawals.

Your payout options

Upon annuitization, MNL IndexBuilder 14 offers a variety of income options to suit the needs of annuitants, from just a certain number of years to a lifetime income option.

Once a payout option is elected it cannot be changed and all other rights and benefits under the annuity ends.

In all states except Florida, by current company practice*, you may receive an income from the accumulation value after the first contract year (without surrender charges, premium bonus recapture, or market value adjustment) if you choose a life income option.

You can also receive an income based on the accumulation value if your annuity has been in force for at least five years, and payments will be over at least a five-year period.

Nursing home confinement waiver 

You can withdraw up to 100% of your annuity’s accumulation value without surrender charges, market value adjustment, and premium bonus recapture if you are confined to a qualified care facility for at least 90 consecutive days any time after the first contract year.

You cannot be confined at the time your contract is issued.

This rider is automatically included with your annuity at no additional charge.

If joint annuitants are named on the annuity, the rider will apply to the first annuitant who qualifies for the benefit.

Required minimum distribution

Surrender charges, premium bonus recapture, and market value adjustment on any portion of IRS-required minimum distributions exceeding the available penalty-free withdrawal amount will be waived by current company practice.



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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