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Midland National
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.
A safety-leaning fixed indexed annuity from A-plus-rated Midland National with a choice of two surrender-term variants, no premium minimum, and an annual free-withdrawal allowance — current declared index caps are not on the live feed right now and should be sourced directly from the carrier before purchase.
Best fit
Buyers who want a top-rated carrier's fixed indexed annuity chassis with the choice between two surrender-term variants, no premium floor, and are willing to confirm current declared caps directly with the carrier.
AM Best
A+ Superior
Surrender period
7 years
Free withdrawal
10%/yr
Availability
50 jurisdictions (excl. New York)
Caps, participation rates, and declared rates are shown separately.
Fixed Account
Fixed Account
4.85% declared rate
1-year term
Premium band not shown
Product analyst notes
Not ideal for
Anyone planning around lifetime income (no rider on this product), 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 New York residents (not filed there).
These are the current crediting strategy listings returned for this product. Use the filters to narrow by index, term, premium band, or rate type.
Fixed: 4.85% · 1-yr
Fixed Account
fixed
Fixed: 4.85% · 1-yr
Fixed Account
Lifetime income rider not available for this product
A guaranteed-lifetime-withdrawal (GLWB) rider was not returned for this product. Some carriers offer income features through other mechanics or separate contract versions — confirm income options with the carrier before comparing lifetime income.
Annual amount that may be available without surrender charges, subject to contract terms.
Nursing home waiver, RMD waiver
Beneficiary value depends on contract terms, withdrawals, and rider elections.
Guaranteed minimum interest rate (fixed): 0.25%
Contract conversion options should be confirmed before purchase.
Availability can vary by state and product terms.
Yr 1
8%
Yr 2
8%
Yr 3
8%
Yr 4
7%
Yr 5
6%
Yr 6
5%
Yr 7
4%
After
0%
Nursing home waiver, RMD waiver, Surrender waivers
brochure
Direct link not published — request the document from the carrier.
Crediting design
Summit Navigate currently shows 1 distinct indexed or fixed crediting choice across 2 current rate listings, including Fixed Account. 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.
Liquidity terms
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.
Verification note
Carrier materials such as Midland National â Summit Navigate® Fixed Index Annuity â Brochure (28949R : REV 09-24).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.
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