Midland National Oak Elite ADVSM provides the opportunity to grow retirement assets with unique investment strategies to help balance performance and protection, and with flexible payout options and opportunities to increase payments along the way.
The Market
Registered Index Linked Annuities (RILAs) were first introduced by AXA (now Equitable) in 2010, and are now offered by multiple carriers. For the fourth consecutive quarter, RILAs experienced record quarterly sales. RILA sales increased 39% in the first quarter of 2024 to $14.5 billion.1
Why DPL Likes Oak Elite ADVSM
Clients can choose between 1-year, 3-year, and 6-year crediting terms, along with protection of -10%, -20%, and -30% on the downside, to customize the product to meet their goals. A unique feature of this product is the GLWB health-activated income multiplier feature. If an unpredictable event renders a client unable to perform at least two of six "Activities of Daily Living" (ADLs), as defined by the contract, their lifetime payment amount can double for up to 90 consecutive days even after the contact value has been depleted.
How to Think About Commission-Free RILAs
RILAs fall in the middle of variable annuities and fixed indexed annuities in terms of risk tolerance. Investors may utilize RILAs for equity allocations to capture upside while reducing portfolio risk, as these products often provide cushion against major market losses.
When your client needs:
PRINCIPAL PROTECTION: RILAs are typically used for clients nearing retirement. They offer a level of protection against sequence of returns risk, while also providing the potential for higher returns due to higher cap rates than other structured insurance vehicles.
EQUITY ALLOCATION: RILAs can be utilized to provide a level of protection to an overall portfolio while still providing market exposure.
GUARANTEED LIFETIME INCOME: Some RILAs can be used to generate guaranteed lifetime income through a living benefit, offering competitive payout rates and the potential to increase income in retirement.2
For more product information please visit: https://www.midlandnational.com/
1 LIMRA
2Optional living benefits may come at an additional cost.
As with any investment vehicle, index variable annuities are subject to risk - including possible loss of principal. Investment returns and principal will fluctuate with market conditions so that contract values, upon distribution, may be worth more or less than the original cost.
Purchasing a variable annuity within a retirement plan that provides a tax deferral under sections of the Internal Revenue Code results in no additional tax benefit. A variable annuity should be used to fund a qualified plan based upon the variable annuity’s features other than tax deferral. All variable annuity features, risks, limitations, and costs should be considered prior to purchasing a variable annuity within a tax-qualified retirement plan.
For more complete information about Midland Oak Elite ADVSM and the variable options, contact Midland National® Life Insurance Company for a prospectus. The prospectuses contain details on investment objectives, risks, fees, and expenses, as well as other information about the index variable annuity and the variable options, which your clients should carefully consider. Encourage your clients to read the prospectuses thoroughly before sending money.
Guarantees are backed by the financial strength and claims-paying ability of Midland National® Life Insurance Company and do not apply to the performance of the variable subaccounts, which will fluctuate with market conditions.
• Not FDIC insured • May lose value • No bank or credit union guarantee • Not a deposit • Not insured by any federal government agency or NCUA/NCUSIF
The Oak Elite ADVSM Annuity (AS207A-ADV [contract] and AR422A, AR423A, AR424A, AR421A, AR394A.2-CAP and AR394A.2-PR [riders, waivers and endorsements]) is issued by Midland National® Life Insurance Company, West Des Moines, Iowa 50266. The Oak Elite ADVSM variable annuity is not available in New York. Variable products are distributed by Sammons Financial Network®, LLC., member FINRA. Sammons Financial Network®, LLC., Midland National® Life Insurance Company are affiliated companies and wholly owned subsidiaries of Sammons® Financial Group, Inc.
Product and feature availability may vary by state and broker/dealer.