New fixed index annuity offers automatically managed allocations

Midland Retirement Distributors® and Sammons Retirement Solutions®, divisions of Sammons Institutional Group®, Inc., and member company of Sammons Financial Group, have launched the new Summit Laddered^SM Fixed Index Annuity (Summit Laddered). With financial uncertainty on many minds, clients want protection from market downturns and opportunities for upside potential. Summit Laddered was built for that, and more.

Why Summit Laddered stands out

Issued by Midland National® Life Insurance Company, the Summit Laddered combines protection from market losses with an automatic Laddered Allocation Strategy for index-linked options. A fixed account is also available.

The Laddered Allocation Strategy offers built-in diversification, helps smooth timing risk, and accounts for changing market environments. Premium is automatically diversified across four strategies with varying crediting term lengths throughout the surrender charge period to help achieve long‑term growth.

How the Laddered Allocation Strategy works

Most fixed index annuities require annual or biannual reallocations to be made at the end of a crediting period. The Summit Laddered does not. At contract issue, the client decides how much premium to allocate to the Laddered Allocation Strategy and/or the fixed account, which index option(s), and either the 5- or 7-year charge period. Then, they’re done. Nothing to track, nothing to reallocate later.

At the end of each strategy’s crediting term, the Accumulation Value allocated to that strategy may receive interest credits and will automatically transfer to new crediting terms throughout the 5- or 7-year surrender charge period. The automatic transfer to a new crediting term throughout the surrender charge period is what makes the Summit Laddered Fixed Index Annuity an efficient, streamlined retirement planning option for clients and their financial professionals.

“The automatic structure of the Laddered Allocation Strategy means allocations are managed for clients throughout the surrender charge period,” said Greg Bonzagni, Vice President and Head of Distribution at Sammons Institutional Group. “The Summit Laddered is an excellent option for those wanting to streamline decisions and not put all index account premium in one crediting time frame,” added Bonzagni.

About Sammons® Financial Group, Inc.

The companies of Sammons Financial Group® help families and businesses by empowering futures and changing lives. Sammons Financial Group is employee-owned with member companies that are among the most enduring and stable in the financial services industry. Sammons Financial Group is Midwest-based, with offices in Iowa, Illinois, Minnesota, North Dakota, Ohio, Pennsylvania, South Dakota, and Virginia.

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.

Neither Midland National® Life Insurance Company, Sammons Institutional Group®, Inc., nor any financial professionals acting on its behalf, should be viewed as providing legal, tax or investment advice.

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 the accumulation value for optional benefit riders or strategy fees or charges associated with allocations to enhanced crediting methods could exceed interest credited to the accumulation value, which would result in loss of premium. They may not be appropriate for all clients. Interest credits to a fixed index annuity will not mirror the actual performance of the relevant index.

The Summit Laddered^SM is issued on form ICC25-MC600A/MC600A (contract), ICC22-ME127A/ME127A, ICC25-ME130A/ME130A, ICC19-AR369A/AR369A, ICC25-AR425A/AR425A, ICC25-AR437A/AR437A, ICC25-AR439A/AR439A, (riders/endorsements) or appropriate state variations by Midland National® Life Insurance Company, West Des Moines, IA. This product, its features and riders may not be available in all states or financial institutions.

Securities distributed by Sammons Financial Network®, LLC., member FINRA. Insurance products are issued by Midland National® Life Insurance Company (West Des Moines, IA). Sammons Institutional Group®, Inc. provides administrative services. Sammons Financial Network®, LLC., Midland National® Life Insurance Company, and Sammons Institutional Group®, Inc. are wholly owned subsidiaries of Sammons® Financial Group, Inc. Sammons Retirement Solutions® and Midland Retirement Distributors® are divisions of Sammons Institutional Group®, Inc.

NOT FDIC/NCUA INSURED, MAY LOSE VALUE INCLUDING LOSS OF PREMIUM, NO BANK/CU GUARANTEE, NOT A DEPOSIT, NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY.

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