Midland National MNL IncomeVantage Pro Fixed Indexed Annuity – Lifetime Income With Built-In Growth Potential
A Built-In Income Solution for Retirement Security
At Diversified Insurance Brokers, we specialize in helping individuals secure guaranteed lifetime income, tax-deferred growth, and market protection through the right annuity solutions. The Midland National MNL IncomeVantage Pro Fixed Indexed Annuity, issued by Midland National Life Insurance Company, is uniquely designed to offer stable income, customizable growth strategies, and built-in benefits that make it a powerful choice for retirement planning.
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Guaranteed Lifetime Income With Growth Potential
The built-in withdrawal benefit rider provides income for life—even if your account value goes to zero. You don’t need to purchase this feature separately, and it offers peace of mind knowing your income is protected regardless of market performance.
Benefit Base Growth Built In
The Benefit Base grows with a 2% guaranteed annual roll-up plus 150% of the weighted average net interest credit percentage. This dual growth approach boosts your income potential over time and makes this annuity a strong option for long-term planning.
Flexible Access With Penalty-Free Withdrawals
After the first contract year, you can take penalty-free withdrawals of up to 10% annually. This gives you financial flexibility if unexpected needs arise while maintaining your income benefit.
Choose Your Income Style: Level or Increasing
The annuity allows you to select between Level Lifetime Payments or Increasing Lifetime Payments. If you anticipate rising costs in retirement, the increasing option may be a better fit, offering payout growth to help keep pace with inflation.
Enhanced Death Benefit for Loved Ones
In the event of your passing, the Enhanced Death Benefit provides beneficiaries with scheduled payouts over five years—ensuring your legacy is preserved and delivered with care.
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Why Choose Diversified Insurance Brokers?
The Midland National MNL IncomeVantage Pro is well-suited for retirees seeking guaranteed lifetime income with built-in growth and protection features. At Diversified Insurance Brokers, we work with over 75 top-rated carriers to help you find the right annuity solution tailored to your financial goals. Whether you’re nearing retirement or already enjoying it, our advisors can help you build a stable and reliable income stream that lasts a lifetime.
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Talk to an Advisor or Request Your Annuity Quote
Ready to explore this annuity in more detail—or compare it with other carriers to see if even higher rates are available? With guaranteed income, principal protection, and long-term growth potential on the line, making the right choice is essential. The experienced advisors at Diversified Insurance Brokers will guide you through the options and design a strategy tailored to your retirement goals.
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FAQs: MNL IncomeVantage Pro Annuity
What is the MNL IncomeVantage Pro Annuity?
The MNL IncomeVantage Pro is an annuity contract designed to help you accumulate retirement savings while offering flexibility and potential income-stream options for later in life. It provides tax-deferred growth and can be structured to deliver payments when you choose.
How does interest or growth crediting work?
Depending on the contract version you choose, premium may earn fixed interest or be linked to indexed strategies or bonus-crediting options. Interest or credited growth accumulates tax-deferred until you elect withdrawals or income payments.
Is my principal protected from market volatility?
Yes — since the annuity is not directly invested in the stock market. The accumulation value (principal plus credited interest) is protected from market downturns, though withdrawals or surrender before contract terms are met may affect guarantees.
When can I begin receiving payouts or income?
You can choose when to begin income payments or structured distributions, based on the contract terms and any riders selected. Payouts may include lifetime income, fixed-period or other structured payment options depending on what you choose.
Can I access funds before income begins?
Many versions allow limited free withdrawals after a specified waiting period (often after the first contract year), up to a certain percentage of account value without surrender charges. Larger withdrawals or full surrender during any surrender-charge period could trigger fees or reduce benefit guarantees.
What are the surrender-charge and liquidity provisions?
The contract is likely to include a surrender-charge period. Early surrender or large withdrawals beyond free-withdrawal allowances may result in surrender fees or reduction of benefits, limiting liquidity especially in earlier years.
How are earnings and distributions taxed?
Earnings grow tax-deferred while under contract. When you withdraw or begin income payments, the taxable portion is generally taxed as ordinary income. Withdrawals or distributions before age 59½ may also be subject to additional tax penalties under IRS rules.
What happens if I die before or after income begins?
Depending on contract options and riders, a death benefit may apply — either the accumulation value or a guaranteed minimum — to be paid to the beneficiary. If income payments have begun, certain payout options may allow continuation for a spouse or beneficiary depending on selected provisions.
Who is IncomeVantage Pro a good fit for?
This annuity may suit individuals looking for principal protection, tax-deferred growth, and flexibility to choose when and how to receive retirement income. It could work well for those with a medium- to long-term horizon and moderate liquidity needs.
What should I consider before purchase?
Important factors: surrender-charge schedule, withdrawal limitations, potential rider fees, crediting method (fixed vs indexed/bonus), liquidity needs, and whether the payout options and benefits align with your long-term retirement goals.
About the Author:
Jason Stolz, CLTC, CRPC, is a senior insurance and retirement professional with more than two decades of real-world experience helping individuals, families, and business owners protect their income, assets, and long-term financial stability. As a long-time partner of the nationally licensed independent agency Diversified Insurance Brokers, Jason provides trusted guidance across multiple specialties—including fixed and indexed annuities, long-term care planning, personal and business disability insurance, life insurance solutions, and short-term health coverage. Diversified Insurance Brokers maintains active contracts with over 100 highly rated insurance carriers, ensuring clients have access to a broad and competitive marketplace.
His practical, education-first approach has earned recognition in publications such as VoyageATL, highlighting his commitment to financial clarity and client-focused planning. Drawing on deep product knowledge and years of hands-on field experience, Jason helps clients evaluate carriers, compare strategies, and build retirement and protection plans that are both secure and cost-efficient.
