LiveWellSM Variable Annuity

LiveWell
SM
Variable Annuity
Diverse Investment Options
From Some of The Nation’s
Leading Money Managers
Investing in a variable annuity doesn’t have
to mean forfeiting the investment savvy of
some of the nation’s top money managers.
With the LiveWellSM Variable Annuity, you’ll
have the option of investing in more than
100 investment options - from some of the
most respected investment firms in the nation overseen by some of the most talented money
managers in the country.
Tax-deferred Investments. Over 100 Diverse Investment Options. No Surrender Charges.
Trying to build additional retirement accounts shouldn’t mean tax complications, investment
headaches, or nagging fees.
Instead, we believe you should be rewarded for wanting to save extra money. That you should
have the opportunity to see your investments grow on a tax-deferred basis. That you deserve the
flexibility that comes from a wide range of investment options managed by some of the nation’s
most respected money managers. And although you are investing for the long term, your money
shouldn’t be “tied down” because of frustrating surrender charges or other deferred sales charges.
That’s why Midland National Life Insurance Company set up the LiveWellSM Variable Annuity for
Sammons Retirement Solutions clients.
Tax Deferral Means More Growth Potential
For Your Money
For investors who want to increase their retirement funds beyond the contribution limits of an IRA
or 401(k), the LiveWell Variable Annuity helps you keep more of your money invested, instead of
paying taxes on the growth of your investment options each year. As a variable annuity, LiveWellSM
gives you the advantage of tax-deferred growth.
So the money you initially invested has the potential to grow.
The income your investment earns has the potential to grow. And the
money you would have normally paid in taxes has the potential to grow
because it stays in your variable annuity instead.
You owe zero taxes on your investment gains until you begin
withdrawing your annuity. And because most of us anticipate being in a
lower tax bracket upon retirement, this generally means you’ll pay fewer
taxes on your investment’s earnings. Annuities are generally subject to
taxation during the withdrawal phase.
Under current law, annuities grow tax deferred. Annuities may be subject to taxation during the income
or withdrawal phase. The tax-deferred feature is not necessary for a tax-qualified plan. Neither Sammons
Retirement Solutions, Inc.SM, Midland National, nor any agents acting on its behalf, should be viewed as providing
legal, tax or investment advice. Please consult with and rely upon your tax and legal professionals.
A 10% IRS tax penalty may apply to withdrawals prior to age 59½.
Learn more by visiting
www.srslivewell.com today!
Delivering Maximum Flexibility With No Surrender charges
Variable annuities are long-term investments, and it may be common to see other variable annuities
with a surrender charge schedule that makes it difficult to withdraw your money if you decide on a
different investment strategy. The LiveWellSM Variable Annuity gives you freedom because there are
absolutely no surrender charges.
That means you can invest in a LiveWellSM Variable Annuity today. If you decide next year, two
years from now or even five years down the road to move your surrender value to a different
investment, you will not be penalized for that change. The surrender value is your account balance
minus applicable fees and premium taxes.
It’s just another example of the straightforward investments, developed by Midland National
and Sammons Retirement Solutions. Our goal is to earn your loyalty through exceptional service
and first-rate products. If you’re not satisfied at any time, we will not “tie your money down” with
burdensome surrender charges or other deferred sales charges. Consult your tax professional on
taxes that may apply, including a 10% IRS penalty may apply to withdrawals prior to age 59½.
LiveWell VARIABLE ANNUITY - Client Example
Mike & Linda M
- Oak Park, IL
Hypothetical example
for illustration
purposes only.
No matter your risk tolerance, the LiveWellSM
Variable Annuity delivers a full spectrum of
investment options so you can tailor your
portfolio to your goals.
Mike and Linda have traditionally invested the maximum
allowed in their respective companies’ 401(k) plans.
Although they’ve established a good track record of saving,
they’re also interested in setting aside more money to increase
their chances of having the cash they’ll need to travel and
enjoy an active lifestyle.
Because Mike and Linda have already maximized their
“qualified” investment options, their financial representative
suggested setting up additional retirement contributions
through a LiveWellSM Variable Annuity.
They can open their account with money that’s currently
sitting in a low-interest savings account. Then, Mike and Linda
arrange automatic investments on an ongoing basis to keep
their retirement contributions going without them worrying
about when to send in additional investments.
As an added benefit, you may also feel more
comfortable knowing you’re not locked into
any one investment strategy. If you decide
to change your investment options down
the road, simply work with and rely upon
your financial professional to update your
allocations. Currently, there are no transfer
charges, tax consequences or deferred sales
charges to worry about.
In fact, you can access investment options from some of the nation’s top
money managers that participate on a tax-deferred basis in LiveWellSM
Variable Annuity with applicable fees and standard investment option expenses.
More detailed expense information can be found in the “Fees” section located on the back page of this brochure.
• No front-end load fees
• No surrender charges
• No fees for reallocating your
investment options
• No fees for systematic
withdrawals
•N
o fees for rebalancing
your investment options
•N
o fees for automatic required
minimum distributions
That means more of your money potentially stays hard at work for you,
instead of paying fees commonly found in many other variable annuities.
Midland National Life Insurance Company
A+ (Superior) Rating From A.M. Best
Getting Started Is Easy
A.M. Best is 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 obligations to
policyholders. (A+ is the second highest out of 15
categories.) Ratings shown reflect the opinions of the rating
agencies and are not implied warranties of the company’s
ability to meet its financial obligations. The above rating
applies to Midland National’s financial strength and claimspaying ability. This rating does not apply to the safety or
performance of the variable separate accounts which will
fluctuate in value. A.M. Best rating affirmed on May 24,
2012. For the latest rating, access www.ambest.com.
Rating awarded to Midland National as part of Sammons
Financial Group, which consists of Midland National Life
Insurance Company and North American Company for Life
and Health Insurance.
Just work with your financial professional to determine your long-term
goals and which types of investment options best fit your situation. Then
choose from the highly respected investment options and money managers
available in the LiveWellSM Variable Annuity. Your financial representative
can quickly set everything up for you.
Invest with some of the most popular investment options managed by some of the nation’s most talented money managers:
Guggenheim Investments is the fund manager for the investment management businesses of Guggenheim Partners, LLC (“Guggenheim”). Guggenheim is an affiliate of Sammons Enterprises, Inc., the parent company of Sammons Financial Group and its member companies.
WHY WAIT? Talk to your financial professional to set up your LiveWell Variable Annuity today!
1
All variable annuity investment options are subject to market risk.
2
Midland National Life LiveWell Variable AnnuitySM brought to you by Sammons Retirement Solutions, Inc.SM
Purchase Age:
18-90
Type of Money:
Non-Qualified, Traditional IRA, Roth IRA, SEP IRA, Inherited IRA
Minimum Investment:
$10,000
Minimum Additional Contributions:
$1,000 or $100 for contributions made through monthly Electronic Funds Transfer (EFT)
Full Liquidity:
No withdrawal fees. No front-end loads. No surrender charges. No charge for reallocations or rebalancing.
Transfers are subject to the Excessive Trading Policy.1
Death Benefit:
Accumulation Value or Return of Premium Less Withdrawals
Total Number of Investment Options:
Over 100 options led by 22 of the nation’s most respected money managers
Contingent Deferred Sales Charge:
None
Fees:
Mortality & Expense: 1%
Administration Fee: 0.35%
Maintenance Fee $10 quarterly for policies less than $50,000
Standard investment option fees apply.
Other Features Available:
Dollar Cost Averaging2, Automatic Rebalancing and Systematic Withdrawals
Dollar Cost Averaging and Automatic Rebalancing are not available together.
Sammons Retirement Solutions A MEMBER OF Sammons Financial Group
Sammons Financial Group (SFG) is an insurance holding company with over $42 billion in assets.*
SFG member companies offer a diverse portfolio of financial services, including life insurance, annuities, and
securities. Sammons Financial Group is comprised of:
• Midland National Life Insurance Company
• Sammons Annuity Group (a division of Midland National)
• Sammons Securities Company®, LLC.
• North American Company for Life and Health Insurance
• Sammons Corporate Market Group (a division of Midland National)
• Sammons Retirement Solutions, Inc.SM
• Sammons Financial Network, LLCSM
LiveWellSM Variable Annuity
The parent company, Sammons Enterprises, Inc., is a multifaceted, diversified international holding corporation
that owns and operates businesses across a diverse range of industries. Headquartered in Dallas, Texas,
Sammons Enterprises, Inc. ranks as one of the largest privately held companies in the United States.**
Tax-Deferred Investments. Diverse Investment Options. No Surrender Charges.
*Statutory Basis
** R anked No. 121 on Forbes’ 2011 List of America’s Largest Private Companies. The list includes 212 closely held corporations that had at least $2 billion in annual revenues.
LiveWell. Retire Well.
SM
Variable annuities are designed for long-term investing, such as retirement investing and are subject to market risk including loss of principal.
1. We do not currently charge for reallocations, but reserve the right to charge $15 for each allocation after the 15th transfer in a contract year.
2. Dollar Cost Averaging does not assure a profit or protect against loss in a declining market. Such a plan involves continuous investment in securities, regardless of fluctuating price levels of such securities.
Investors should consider their financial ability to continue purchases through periods of low price levels.
Investing in variable annuities involves risk, including potential loss of investment. You should consider the investment objectives,
risks, charges, and expenses of the variable annuity and its underlying investment options carefully before investing. The prospectus
and/or summary prospectus contains this and other information. You may contact your financial professional or call 866.747.3421 to
obtain a current prospectus for the variable annuity and its underlying investment options. Please read it carefully.
LiveWellSM Variable Annuity is issued on form AS135A and ICC11-AS135A or appropriate state variations by Midland National Life Insurance Company, West Des Moines, Iowa 50266.
For additional information, please contact:
Sammons Retirement Solutions at 866.747.3421
or visit us online at www.srslivewell.com.
If you’re a financial professional,
and would like more information about the
LiveWell Variable Annuity, please contact the
Sammons Retirement Solutions Sales Desk
at 855.624.0201.
This contract, or any of its riders, is not designed for resale or speculation, arbitrage, viatical settlements or any type of collective investment scheme. This contract may not be traded on any stock exchange
or secondary market. By purchasing this contract, you represent and warrant that you are not purchasing or intending to use this contract, or any of its riders, for resale, speculation, arbitrage, viatical
settlements, or any type of collective investment scheme.
This brochure is neither an offer to sell nor a solicitation to buy. Before purchasing this product, you must receive a current prospectus that includes information regarding risk factors, fees, expenses,
investment objectives, and policies. Read the prospectus carefully before you invest any money. No variable product offers any guaranteed rate of return.
The distributor for Midland National’s LiveWellSM Variable Annuity product is Sammons Financial Network, LLC.SM, member FINRA. Sammons Financial Network, LLC. is a registered broker/dealer under the
Securities Exchange Act of 1934. Sammons Financial Network, LLC. is an indirect wholly owned subsidiary of Sammons Enterprises, Inc., of Dallas, Texas, the ultimate parent company of Midland National and
Sammons Retirement Solutions, Inc.SM.
Variable Insurance products are not bank deposits, and are not insured by the FDIC, NCUA, or other regulatory agencies. They are not obligations of or guaranteed by the financial institution or other affiliated
entities, and are not a condition of a loan. Variable insurance products are subject to market risks and may lose value, including loss of principal.
Sammons Retirement Solutions | Customer Service Center | 866.747.3421
200 S.W. 6TH Ave. | Topeka, KS 66603-3704
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