Fixed Indexed Annuity

LiveWell Preferred Fixed Index Annuity

Midland National

9.5%

Best Cap

10%

Free W/D

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

11.2% lifetime payout

An income-led fixed indexed annuity from A-plus-rated Midland National with four surrender-term variants, an optional LiveWell Income for Life GLWB rider, and a Return-of-Premium death benefit — positioned for the high-balance rollover market in 50 jurisdictions.

1.2% annual rider feeRMD-friendly income ridersAdvisorWorld + CANNEX data

Best fit

Buyers with a six-figure deposit who are planning around lifetime income and want the flexibility to match the surrender chassis to their income-start date — a shorter chassis if income turns on soon, a longer chassis if deferral is the plan — and who value the Return-of-Premium death benefit alongside the GLWB rider.

AM Best

A+ Superior

Surrender period

10 years

Free withdrawal

10%/yr

Availability

50 jurisdictions (excl. New York)

Featured crediting strategies

Caps, participation rates, and declared rates are shown separately.

Index / strategyRate mechanicsTermPremium

S&P 500

S&P 500 Index

9.5% cap rate

Rate varies by premium band.

1-year term

$100,000 to $250,000

S&P 500

S&P 500 Index

50% participation rate

Rate varies by premium band.

1-year term

$100,000 to $250,000

S&P 500

S&P 500 Index

65% participation rate

Rate varies by premium band.

2-year term

$100,000 to $250,000

Fixed Account

2.95% declared rate

Rate varies by premium band.

1-year term

$100,000 to $250,000

+ 7 volatility-controlled index options (Fidelity Multifactor, S&P 500, Nasdaq-100 Volatility...)

Lifetime Income Riders

Income rider

LiveWell Income for Life

RMD friendly

Lifetime payout rate11.2% lifetime payout

Annual rider fee1.2% annual rider fee

Product analyst notes

How to think about this contract

Why it can stand out

Four surrender-term variants are filed under one product (the contract publishes a short, two mid-length, and a long surrender chassis), letting buyers match the surrender chassis to when they plan to turn income on — short for a buyer with a near-term income-start date, long for a buyer who can defer.
Income mechanism is concrete: an optional LiveWell Income for Life GLWB rider with documented lifetime withdrawal rates and a roll-up on the withdrawal base during deferral. The rider is RMD-friendly for qualified money.
A-plus rated carrier (A.M. Best) — Midland National is one of the larger fixed-annuity writers in the U.S.
Crediting menu pairs annual point-to-point caps on the S&P 500 and the Nasdaq-100 Volatility Control index with participation-rate strategies on the same and other proprietary indexes — the cap and participation rates step up as the surrender chassis gets longer, so the longer-term variants get the better crediting.
Death benefit is a Return of Premium guarantee ('LiveWell Legacy Protector') — unusual for an FIA in this rider-bearing tier; most income-led FIAs offer only the cash surrender value as the death benefit.
Annual penalty-free withdrawal allowance preserved alongside the income rider, with nursing-home and RMD surrender-charge waivers in the contract.

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.
Premium minimum is published on the live feed and reflects a six-figure floor — this filing is positioned for the high-balance rollover market, not for smaller deposits.
Several index strategies use proprietary volatility-controlled indexes (Nasdaq-100 Volatility Control, S&P 500 Low Volatility Daily Risk Control, Fidelity Multifactor Yield). Their participation rates look high in absolute terms but are not directly comparable to an S&P 500 cap — evaluate each strategy on its own historical behavior.
Crediting rates vary by surrender variant — the longer chassis carries higher caps than the shorter chassis. Compare like-for-like by chassis length before deciding which variant fits.
Market value adjustment applies on early surrender on top of the surrender-charge ladder, which runs the full surrender window on the longest variant.
Filed in 50 jurisdictions (every state and DC except New York) — New York residents are not on this filing.

Not ideal for

Anyone shopping below the published premium minimum, anyone who wants pure tax-deferred accumulation without paying the rider fee, anyone who may need full liquidity inside the surrender window (MVA layers on top), and New York residents (not filed there).

All crediting strategies

View rate listings (22 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