Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Life Health > Annuities

Rider adds living benefit

Your article was successfully shared with the contacts you provided.

Midland National has announced the availability of a living benefit rider that can be added to any of the company’s fixed annuities. The Guaranteed Income Provider provides an alternative to annuitizing a contract. It allows clients to receive guaranteed lifetime withdrawals during the accumulation phase.

Other highlights of the new benefit include the following:

  • Up to 8 percent withdrawals for life
  • The ability to start and stop payments according to policyholder wishes
  • Annual step-up feature
  • Available joint life payouts
  • 4 percent bonus each year a withdrawal is not taken

For more information, call (877) 586-0241.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.