Income Predictability Generator

No more guesswork!

Now you can more confidently plan your retirement with the LiveWell® Fixed Index Annuity Series and LiveWell® Income for Life optional guaranteed lifetime withdrawal benefit (GLWB) rider available through Sammons Retirement Solutions®.

Issued by Midland National® Life Insurance Company, the GLWB rider helps you stay in control of your income during retirement with:

  • 8% simple interest roll-up to 200% of premium
  • Available at issue ages 45-80*
  • Annual charge of 0.85% of the GLWB Value

This generator will help you determine how much of an initial premium payment you will need to make now in order to receive your ideal monthly income in retirement.

Plan Today for a Predictable Tomorrow

Please input your information in the appropriate fields and click "generate" to see the results.

Issue age:
Income activation age:
Ideal monthly income at retirement:

Want to stay in control of your retirement income?

Ask your financial professional about a fixed index annuity available through Sammons Retirement Solutions!

* Issue age for the 10-year Surrender Charge Period is 45-79.

Fixed Index Annuities are not a direct investment in the stock market. They are long-term insurance products with guarantees backed by the issuing company. They provide the potential for interest to be credited based in part on the performance of specific indices, without the risk of loss of premium due to market downturns or fluctuation. Although Fixed Index Annuities guarantee no loss of premium due to market downturns, deductions from your accumulation value for additional optional benefit riders could under certain scenarios exceed interest credited to the accumulation value, which would result in loss of premium. They may not be appropriate for all clients.

"Income" or "lifetime income" refers to guaranteed payment of Lifetime Payment Amounts ("LPAs"). It does not refer to interest credited to the contract. Consult with your own tax professional regarding tax treatment of LPAs, which will vary according to individual circumstances.

Rider cost is based on GLWB Value. Annual rider cost is deducted from the accumulation value each contract anniversary.

GLWB roll-up amount is based on simple interest (8% of net premium) rather than compound interest. The GLWB value is used as the basis for lifetime payment amounts; it is not the same as the accumulation value or available in a lump sum. For more information, see "Annuity Disclosure Statement."

The term financial professional is not intended to imply engagement in an advisory business in which compensation is not related to sales. Financial professionals that are insurance licensed will be paid a commission on the sale of an insurance product.

Please click the following links to view important product-specific disclosures: LiveWell® Preferred Fixed Index Annuity | LiveWell® Fixed Index Annuity


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