Annuity rate data updated daily

Rate data refreshes daily from AdvisorWorld and CANNEX carrier feeds. View current rates

Fixed Indexed Annuity

Capital Income

Midland National

6%

Best Cap

10%

Free W/D

50

Jurisdictions

Product data status: May 29, 2026

Rates, state availability, rider terms, and contract language must be confirmed with a licensed financial advisor or insurance professional before purchase. Guarantees are backed by the issuing insurer.

Live product data

Rates as of May 29, 2026, based on the latest AdvisorWorld scan of CANNEX data.

GLWB lifetime payout rate

5.7% lifetime payout

An income-led fixed indexed annuity from A-plus-rated Midland National with a seven-year surrender chassis and an optional GLWB rider available in two designs (Increasing Payouts that grows with index credits, or Level Payouts with a higher starting floor), filed in 50 jurisdictions.

1% annual rider feeRMD-friendly income ridersAdvisorWorld + CANNEX data

Best fit

Buyers planning around lifetime income who want a documented GLWB withdrawal rate and the choice between an income stream that starts higher and stays flat or one that starts lower and grows with index credits.

AM Best

A+ Superior

Surrender period

7 years

Free withdrawal

10%/yr

Availability

50 jurisdictions (excl. New York)

Featured crediting strategies

Index / strategyRate mechanics

S&P 500

S&P 500 Index

6% cap rate

S&P 500

S&P 500 Index

50% participation rate + 4.5% spread

Fixed Account

Fixed Account

3.25% declared rate

+ 3 volatility-controlled index options (Fidelity Multifactor, S&P 500, Dimensional US)

Lifetime Income Riders

Income rider

GLWB Payouts

RMD friendly
Lifetime payout rate5.7% lifetime payout
Annual rider fee1% annual rider fee

Product analyst notes

How to think about this contract

Why it can stand out

  • Income mechanism is concrete: an optional GLWB rider offered in two flavors — a higher-starting 'Increasing Payouts' design that grows the income stream alongside index credits, and a flat 'Level Payouts' design with a higher floor on day one — letting buyers pick the income shape that matches their planning.
  • A-plus rated carrier (A.M. Best) — Midland National is one of the larger fixed-annuity writers in the U.S., which matters when the contract is funding lifetime income.
  • Crediting menu mixes a recognizable S&P 500 cap with participation-rate strategies on proprietary volatility-controlled indexes, so the rider's withdrawal base has multiple credit paths during deferral.
  • Annual penalty-free withdrawal allowance is preserved alongside the income rider rather than traded away for it.

What to confirm

  • The GLWB rider carries an annual fee charged on the withdrawal base, not on the account value — effective cost runs higher than a flat percent of cash value once the base rolls up, and that drag compounds over the deferral years.
  • Two rider designs, two very different income shapes — Increasing Payouts starts lower and grows with index credits, Level Payouts starts higher and stays flat. Compare the lifetime payment streams under realistic crediting assumptions, not just the day-one withdrawal rate.
  • Several index strategies use proprietary, volatility-controlled indexes (S&P 500 Dynamic Intraday TCA, Fidelity Multifactor Yield, Dimensional US Equity Core Plus). Their participation rates look high in absolute terms but are not directly comparable to an S&P 500 cap.
  • Market value adjustment applies on early surrender on top of the seven-year surrender ladder, and the nursing-home waiver is the only penalty waiver in the published filing — an RMD waiver is not in the contract on this feed.
  • Filed in 50 jurisdictions (every state and DC except New York) — New York residents are not on this filing.
  • Death benefit is the accumulation value with no rollup or step-up — this contract is not optimized for legacy planning.

Not ideal for

Buyers who want pure tax-deferred accumulation without paying the rider fee, anyone who needs an RMD surrender waiver, anyone who needs a guaranteed enhanced death benefit, anyone who may need full liquidity inside the seven-year surrender window (MVA layers on top), and New York residents (not filed there).

All crediting strategies

View rate listings (12 rows)

These are the current crediting strategy listings returned for this product. Use the filters to narrow by index, term, premium band, or rate type.

Par: 140% · 1-yr

Fidelity Multifactor Yield Index 5% ER

participation

7-yr surrender

Par: 50% + Spread: 4.5% · 1-yr

S&P 500 Index

participation

7-yr surrender

Cap: 9% · 1-yr

S&P 500 Dynamic Intraday TCA Index (USD) ER

cap

7-yr surrender

Cap: 6.75% · 1-yr

Dimensional US Equity Core Plus Excess Return Index

cap

7-yr surrender

Cap: 6% · 1-yr

S&P 500 Index

cap

7-yr surrender

Fixed: 3.25% · 1-yr

Fixed Account

fixed

7-yr surrender

Par: 140% · 1-yr

Fidelity Multifactor Yield Index 5% ER

Par: 50% + Spread: 4.5% · 1-yr

S&P 500 Index

Cap: 9% · 1-yr

S&P 500 Dynamic Intraday TCA Index (USD) ER

Cap: 6.75% · 1-yr

Dimensional US Equity Core Plus Excess Return Index

Cap: 6% · 1-yr

S&P 500 Index

Fixed: 3.25% · 1-yr

Fixed Account

Income riders

Income rider

GLWB Level Payouts

RMD friendly
Lifetime withdrawal rate5.7%
Annual rider fee1%
Withdrawal-base growthNot shown
Deferral assumed10 years
Issue age50 — 120

GLWB

Income rider

GLWB Level Payouts

RMD friendly
Lifetime withdrawal rate4.95%
Annual rider fee1%
Withdrawal-base growthNot shown
Deferral assumed10 years
Issue age50 — 120

GLWB

Key Features

Free withdrawal

10%/yr

Annual amount that may be available without surrender charges, subject to contract terms.

Surrender waivers

1

Nursing home waiver

Death benefit

Accumulation Value Death Benefit

Beneficiary value depends on contract terms, withdrawals, and rider elections.

Strategy guarantee

Minimum guaranteed cap: 0.50%

Strategy guarantee

Guaranteed minimum interest rate (fixed): 0.25%

Strategy guarantee

Minimum guaranteed participation: 5.00%

Annuitization options

Single and joint

Contract conversion options should be confirmed before purchase.

Fund types

Non-qualified, Qualified

Availability can vary by state and product terms.

Surrender schedule

Yr 1

6%

Yr 2

6%

Yr 3

5%

Yr 4

4%

Yr 5

3%

Yr 6

3%

Yr 7

2%

After

0%

Nursing home waiver, Surrender waivers

Documents

product guide

32301Y - Capital Income brochure (OR).pdf

Confidence: highReviewed Apr 6, 2026

Direct link not published — request the document from the carrier.

Carrier Ratings

AM BestA+
S&PA+
S&PA+

Contract notes from product data

Crediting design

How the interest-crediting choices are framed

Capital Income currently shows 6 distinct indexed or fixed crediting choices across 12 current rate listings, including S&P 500 Index, S&P 500 Dynamic Intraday TCA Index (USD) ER, and Fixed Account, with 2 volatility-controlled index options grouped separately. These choices matter because caps, participation rates, fixed accounts, spreads, and renewal terms are different mechanics and should not be ranked as one simple rate list.

  • S&P 500 Index: 6% cap
  • S&P 500 Dynamic Intraday TCA Index (USD) ER: 9% cap
  • S&P 500 Index: 50% participation

Income rider language

What to look for before treating the rider as income

GLWB Level Payouts is the main income-rider entry returned for this product. Rider terms can affect the tradeoff between future lifetime withdrawals, contract value, beneficiary value, and cost, so the exact state version and rider election should be confirmed before comparing it to annuitization or income-only contracts.

  • 5.7% withdrawal rate
  • 1% rider fee
  • 10 deferral years
  • RMD friendly

Liquidity terms

Why access rules deserve as much attention as rates

A fixed indexed annuity can preserve more control than an income-only contract, but access is still governed by the surrender schedule, free-withdrawal terms, and waiver language. Those details are where many product comparisons become more meaningful than a simple rate list.

  • 10%/yr free withdrawal
  • 7 surrender years
  • Nursing home waiver

Verification note

Use carrier materials as term evidence, then confirm the current version

Carrier materials such as 32301Y - Capital Income brochure (OR).pdf help explain the contract language behind the data on this page; the latest document activity we see is Apr 8, 2026. For the current brochure, rate sheet, or specimen contract, confirm the state-specific version with the carrier or a licensed financial professional.

  • Rates and rider terms can vary by state and issue age
  • Carrier guarantees depend on claims-paying ability
  • Current contract forms should be confirmed before purchase

Free Comparison Report

Get a personalized Capital Income illustration

See year-by-year projections for your specific age, premium, and income goals.

Get Free Report

Related Resources