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Fixed Indexed Annuity

Summit Laddered

Midland National

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10%

Free W/D

48

Available jurisdictions

Product data status: July 16, 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.

Model this product

See what Summit Laddered would do for you

Set your numbers and switch between growth, income, and liquidity. Index losses credit 0% — the floor — so a down market never reduces your value.

Product analyzer
Illustrative — live CANNEX rates as of July 16, 2026; not a projection or guarantee.
Crediting strategy
$273,014
Est. value at age 80 (Summit Laddered)
10%/yr
Free withdrawal allowance
Fixed Account — 5.15% Fixed
✦
How crediting works: the fixed rate does not depend on the index; a down year credits 0%, never a loss. A fixed strategy pays a declared rate regardless of the index. What is a cap vs participation? →
Assumptions: illustrative — uses Summit Laddered's published fixed rate (5.15%) as the annual credited rate over 20 years. Not a projection, quote, or guarantee. Live CANNEX rates as of July 16, 2026.

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See how Summit Laddered compares for your age, state, premium, and income goals alongside other Midland National fixed indexed annuity options.

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Live rate data

Run live numbers for Summit Laddered

Current rates, riders, crediting strategies, state availability, and contract facts stay scoped to this Midland National product.

Live product data

Rates as of July 16, 2026, from AdvisorWorld and CANNEX.

A+ AM Best — Superior

A newly filed (early 2026) laddered fixed-rate-leaning fixed indexed annuity from A-plus-rated Midland National with a choice of two surrender-term variants and an annual free-withdrawal allowance — six-figure premium minimum, filed in 48 jurisdictions (excludes California, New York, and Oregon).

AdvisorWorld + CANNEX data

Best fit

Buyers with a six-figure deposit who want a multi-period guarantee structure inside an FIA chassis from a top-rated carrier and can pick between two surrender-term variants.

AM Best

A+ Superior

Surrender options

5 and 7 years

Free withdrawal

10%/yr

Availability

48 jurisdictions (excl. California, New York, Oregon)

Minimum premium

$20,000

Featured crediting strategies

Index / strategyRate mechanics

S&P 500

S&P 500 Index

1 Year — 25% allocation

60% participation rate

Participation

1-year term · 5-year surrender · $100,000+

S&P 500

S&P 500 Index

1 Year — 25% allocation

65% participation rate

Participation

1-year term · 7-year surrender · $100,000+

S&P 500

S&P 500 Index

2 Year — 25% allocation

70% participation rate

Participation

2-year term · 5-year surrender · $100,000+

S&P 500

S&P 500 Index

2 Year — 25% allocation

75% participation rate

Participation

2-year term · 7-year surrender · $100,000+

S&P 500

S&P 500 Index

3 Year — 25% allocation

80% participation rate

Participation

3-year term · 5-year surrender · $100,000+

S&P 500

S&P 500 Index

3 Year — 25% allocation

85% participation rate

Participation

3-year term · 7-year surrender · $100,000+

S&P 500

S&P 500 Index

4 Year — 25% allocation

85% participation rate

Participation

4-year term · 5-year surrender · $100,000+

S&P 500

S&P 500 Index

4 Year — 25% allocation

90% participation rate

Participation

4-year term · 7-year surrender · $100,000+

Fixed Account

Fixed Account

5.05% declared rate

Fixed account

1-year term · 5-year surrender · $100,000+

Rate varies by premium band.

Fixed Account

Fixed Account

5.15% declared rate

Fixed account

1-year term · 7-year surrender · $100,000+

Rate varies by premium band.

+ 17 additional crediting options (S&P 500, Nasdaq-100 Volatility, Laddered Allocation...)

Product analyst notes

How to think about this contract

Why it can stand out

  • Newly filed in early 2026 — Summit Laddered is one of Midland's most recent filings and positioned as a laddered fixed-rate FIA chassis. The 'laddered' framing signals a multi-period guarantee structure inside the contract.
  • Two surrender-term variants are filed under one product (a shorter and a longer chassis), letting buyers match the commitment to their need-the-money-back timeline rather than being locked into a single chassis length.
  • A-plus rated carrier (A.M. Best) — Midland National is one of the larger U.S. fixed-annuity writers.
  • Annual penalty-free withdrawal allowance plus nursing-home and RMD surrender-charge waivers — meaningful liquidity for an FIA chassis.

What to confirm

  • The live AdvisorWorld feed for this product currently shows rates only for the fixed-rate strategies — annual point-to-point cap rates on recognizable indexes are not published right now. Confirm current declared caps with the carrier before signing; a like-for-like cap comparison will remain unavailable until current cap rates are published.
  • There is no income rider on this contract — Summit Laddered is an accumulation / safety-leaning product, not an income product.
  • Market value adjustment applies on early surrender on top of the surrender-charge schedule.
  • Filed in 48 jurisdictions (every state and DC except California, New York, and Oregon) — residents of those three states are not on this contract. State coverage on this newly filed product is materially narrower than on the rest of Midland's lineup.
  • Premium minimum is published on the live feed and reflects a six-figure floor — positioned for the high-balance rollover market.
  • Death benefit is the cash surrender value — no enhanced or step-up death benefit on this contract.

Not ideal for

Anyone planning around lifetime income (no rider on this product), anyone shopping below the published premium minimum, anyone who needs a published cap rate to make the buying decision today (the live feed currently shows only the fixed-rate floor), anyone who may need full liquidity inside the surrender window (MVA layers on top), and residents of California, New York, or Oregon (not filed in any of those states).

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All crediting strategies

View rate listings (30 strategies)

These are the current crediting strategies available for this product. Use the filters to narrow by index, term, premium band, state rate set, or rate type.

Par: 95% · 1-yr

Nasdaq-100 Volatility Control 12% Index

1 Year — 25% allocation · participation

5-yr surrender$100,000+

Par: 85% · 1-yr

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

1 Year — 25% allocation · participation

5-yr surrender$100,000+

Par: 60% · 1-yr

S&P 500 Index

1 Year — 25% allocation · participation

5-yr surrender$100,000+

Fixed: 5.05% · 1-yr

Fixed Account

fixed

5-yr surrender$100,000+

Par: 125% · 2-yr

Nasdaq-100 Volatility Control 12% Index

2 Year — 25% allocation · participation

5-yr surrender$100,000+

Par: 115% · 2-yr

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

2 Year — 25% allocation · participation

5-yr surrender$100,000+

Par: 70% · 2-yr

S&P 500 Index

2 Year — 25% allocation · participation

5-yr surrender$100,000+

Par: 145% · 3-yr

Nasdaq-100 Volatility Control 12% Index

3 Year — 25% allocation · participation

5-yr surrender$100,000+

Par: 140% · 3-yr

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

3 Year — 25% allocation · participation

5-yr surrender$100,000+

Par: 80% · 3-yr

S&P 500 Index

3 Year — 25% allocation · participation

5-yr surrender$100,000+

Par: 165% · 4-yr

Nasdaq-100 Volatility Control 12% Index

4 Year — 25% allocation · participation

5-yr surrender$100,000+

Par: 160% · 4-yr

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

4 Year — 25% allocation · participation

5-yr surrender$100,000+

Par: 85% · 4-yr

S&P 500 Index

4 Year — 25% allocation · participation

5-yr surrender$100,000+

Fixed: 4.65% · 1-yr

Fixed Account

fixed

5-yr surrenderUp to $99,999.99

Par: 100% · 1-yr

Nasdaq-100 Volatility Control 12% Index

1 Year — 25% allocation · participation

7-yr surrender$100,000+

Par: 90% · 1-yr

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

1 Year — 25% allocation · participation

7-yr surrender$100,000+

Par: 65% · 1-yr

S&P 500 Index

1 Year — 25% allocation · participation

7-yr surrender$100,000+

Fixed: 5.15% · 1-yr

Fixed Account

fixed

7-yr surrender$100,000+

Par: 130% · 2-yr

Nasdaq-100 Volatility Control 12% Index

2 Year — 25% allocation · participation

7-yr surrender$100,000+

Par: 120% · 2-yr

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

2 Year — 25% allocation · participation

7-yr surrender$100,000+

Par: 75% · 2-yr

S&P 500 Index

2 Year — 25% allocation · participation

7-yr surrender$100,000+

Par: 150% · 3-yr

Nasdaq-100 Volatility Control 12% Index

3 Year — 25% allocation · participation

7-yr surrender$100,000+

Par: 145% · 3-yr

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

3 Year — 25% allocation · participation

7-yr surrender$100,000+

Par: 85% · 3-yr

S&P 500 Index

3 Year — 25% allocation · participation

7-yr surrender$100,000+

Par: 170% · 4-yr

Nasdaq-100 Volatility Control 12% Index

4 Year — 25% allocation · participation

7-yr surrender$100,000+

Par: 165% · 4-yr

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

4 Year — 25% allocation · participation

7-yr surrender$100,000+

Par: 90% · 4-yr

S&P 500 Index

4 Year — 25% allocation · participation

7-yr surrender$100,000+

Fixed: 4.75% · 1-yr

Fixed Account

fixed

7-yr surrenderUp to $99,999.99

Rate not shown · 1-yr

Laddered Allocation Strategy

Laddered Allocation Strategy · Allocation model

Selected state rate set (TX)Up to $99,999.99

Rate not shown · 1-yr

Laddered Allocation Strategy

Laddered Allocation Strategy · Allocation model

Selected state rate set (TX)Up to $99,999.99

Accumulation profile

Accumulation-focused contract

Current CANNEX information identifies this product as tax-deferred accumulation. Compare cap, participation rate, fees, liquidity, and surrender terms; use a separate payout-focused contract when guaranteed payout mechanics are required.

Common questions about Summit Laddered

● Can I lose money in Summit Laddered?

A negative index return by itself does not reduce the contract's account value: Summit Laddered credits 0% — the floor — for that indexed period. The account value can still decrease from applicable rider fees, Performance Rate Rider or other strategy charges, administrative charges, withdrawals, surrender charges, or other contract-specific deductions. In years with no credited interest, those deductions can reduce the account value. Up to 10% of your value can be withdrawn each year without a charge; withdrawals above the penalty-free amount during the surrender period can incur a surrender charge.

● When can I access my money without a surrender charge?

Up to 10% of your account value each year is penalty-free. The scheduled surrender charges run 7 years; after that the surrender-charge schedule ends. Bonus vesting, market value adjustments when applicable, and other contract rules can still affect the amount available. The Liquidity tab of the analyzer shows the year-by-year surrender charge.

● How do Summit Laddered's crediting strategies compare?

Use "Compare against" in the analyzer to overlay another current Summit Laddered strategy on the same premium, age, years, and hypothetical index path. The control labels the strategy type, rate, index, and context so caps, participation rates, triggers, spreads, and fixed-account choices are not treated as interchangeable.

Key Features

Free withdrawal

10%/yr

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

Surrender waivers

2

Nursing home waiver, RMD waiver

Death benefit

Standard Death Benefit

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

Fixed account guarantee

0.10%

Guaranteed minimum interest rate for the fixed account.

Participation-rate floor

10.00%

Minimum guaranteed participation rate for participation-rate indexed strategies.

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

8%

Yr 2

7%

Yr 3

6%

Yr 4

5%

Yr 5

4%

Yr 6

3%

Yr 7

2%

After

0%

Nursing home waiver, RMD waiver, Surrender waivers

Documents

brochure

summit laddered_compressed.pdf

Confidence: highReviewed Apr 14, 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

Summit Laddered currently shows 29 distinct indexed or fixed crediting choices across 30 displayed rate entries, including S&P 500 Index, with 17 volatility-controlled index options grouped separately. These choices matter because caps, participation rates, fixed accounts, spreads, renewal terms, and fee-bearing rider variants are different mechanics and should not be ranked as one simple rate list.

  • S&P 500 Index: 60% annual participation rate, 1 Year — 25% allocation
  • S&P 500 Index: 65% annual participation rate, 1 Year — 25% allocation
  • S&P 500 Index: 70% 2-year participation rate, 2 Year — 25% allocation
  • S&P 500 Index: 75% 2-year participation rate, 2 Year — 25% allocation

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
  • RMD waiver

Verification note

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

Carrier materials such as summit laddered_compressed.pdf help explain the contract language behind the data on this page; the latest document activity we see is Apr 24, 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

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See how Summit Laddered compares for your age, state, premium, and income goals alongside other Midland National fixed indexed annuity options.

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