Portfolio

Midland National Teams Up with RetireOne on New Advisory Annuity

Fixed indexed annuity combines downside protection with layered crediting strategy that can grow accumulation value two ways

San Francisco, CA and West Des Moines, IA – October 28, 2020 – Midland National® Life Insurance Company (Midland National) and RetireOne® have collaborated on the development of a new protected accumulation solution offering growth potential in two different forms. The IndexMax ADVSM fixed indexed annuity (FIA) layers in potential annual performance credits with additional 5- or 7-year term participation credits.

IndexMax ADV offers two indices for its layered crediting strategy: the Fidelity Multifactor Yield Index 5% ERSM, and the S&P 500® Low Volatility Daily Risk Control 5% Index ERSM. Exclusively available through RetireOne’s fiduciary marketplace, this commission-free advisory solution connects easily to preferred advisor technologies, which makes automated billing simple.

“Midland National has a long track record of strength and stability, and we look forward to working closely with RetireOne to deliver products that engender a deeper level of comfort for clients of Registered Investment Advisors (RIAs) in volatile markets,” said Rob TeKolste, president, Sammons Independent Annuity Group. “We designed the IndexMax ADV to deliver downside protection during the long term. It can grow accumulation value with a layered crediting strategy and offers stability, protecting from loss in a market downturn.”

IndexMax ADV is designed with rates the policyholder can count on, as they are guaranteed for the duration of each term. It also includes a waiver allowing penalty-free withdrawal of assets after the first contract year in the event they become confined to a qualified nursing facility for 90 consecutive days.

“Our recent survey of RIAs indicates that they are considering protected accumulation solutions for clients right now,” said David Stone, RetireOne Founder and CEO. “With uncertainty around the Covid-19 pandemic, and low interest rates, they are seeking an alternative to increasing equity allocations. We’re excited to begin our partnership with Midland National by bringing a multi-faceted solution to help better define outcomes for the clients of RIAs.”

See how the layered crediting strategy works here.

 

 

 

About RetireOne
Serving over 900 RIAs and fee-based advisors since 2011, Aria Retirement Solutions’ RetireOne® is the leading, independent platform for fee-based insurance solutions. With offerings from multiple “A” rated companies, RIAs may access this fiduciary marketplace at no additional cost to them or their clients. Currently servicing over $1 billion of retirement savings and income investments, RetireOne continues to grow in its mission to provide advisors and their clients’ valuable retirement solutions that are simple to use, easy to understand, and delivered with outstanding service. Learn more at RetireOne.com and follow us on Twitter @RetireOne.
About Midland National Life Insurance Company
For more than 110 years, Midland National® Life Insurance Company (Midland National) has been an industry leader, crediting the company’s strength to its commitment to stability, innovation and dedicated customer service. Midland National is accredited by the Better Business Bureau, and has earned an A+ (Superior) rating from A.M. Best, a large third-party independent reporting and rating company that rates an insurance company on the basis of the company’s financial strength, operating performance and ability to meet its ongoing obligations to policy owners. This rating is the second highest out of 15 categories and was affirmed by A.M. Best for Midland National as part Sammons® Financial Group, Inc. on Aug. 19, 2020.
Founded as Dakota Mutual Life Insurance Company in 1906, Midland National has protected families and preserved legacies for generations. Midland National is one of the leading insurance companies in the United States. Midland National is a member of Sammons Financial Group, a subsidiary of Sammons Enterprises, Inc. With its annuity division in West Des Moines, Iowa, and its life insurance operations in Sioux Falls, South Dakota, Midland National operates in 49 states and the District of Columbia through its 12,000 licensed sales professionals. For more information, click here.

 

Leave a Reply

Your email address will not be published. Required fields are marked *