XL Performance

The chart below provides Historical Averages of the performance of the various Indices and crediting methods available in the XL Indexed Universal Life products. You may choose to allocate premium into any one or a combination of index selections. The highlighted sections reflect performance that would have been realized in Midland National Life Insurance Company's Indexed UL products with our current caps and participation rates. Note: Caps and participation rates are not identical for all products.

Information compiled by Midland National on 12/5/2018. Historical performance of the indices is not intended to predict or project performance.

Indexed Universal Life products are not an investment in the "market" or the applicable index. Indexed Universal Life products are subject to all policy fees and charges normally associated with most universal life products.

Participation rate and/or cap rate, and any other non-guaranteed components of the indexing formula may change and may be different in the future.

Historical Annual Point to Point Historical Daily Average Historical Monthly Point to Point

Index Growth & Index Credits for Month Ending 11/30/2018

S&P 500Average Annualized Value
Year-To-Date1 Year3 Year5 Year10 Year
Daily Average Crediting Method
   - Index Growth (Market)2.42%3.99%4.50%3.98%6.66%
   - Index Credit* (XL-CV4) 75% Participation RateN/A2.99%3.41%3.01%5.02%
   - Index Credit* (XL-DB3) 70% Participation RateN/A2.79%3.19%2.81%4.69%
   - Index Credit* (XL-EC4) 65% Participation RateN/A2.59%2.96%2.62%4.36%
   - Index Credit* (Legacy Guaranteed SIUL) 70% Participation RateN/A2.79%3.19%2.81%4.69%
Annual Point to Point Crediting Method
   - Index Growth (Market)2.39%4.25%9.88%8.92%12.96%
   - Index Credit* (XL-CV5) 12% Annual CapN/A4.25%7.26%6.97%8.39%
   - Index Credit* (XL-CV Max) 11.25% Annual CapN/A4.25%7.02%6.68%8.03%
   - Index Credit* ((XL-DB4) 10.5% Annual CapN/A4.25%6.78%6.39%7.67%
   - Index Credit* (XL-EC5) 9% Annual CapN/A4.25%6.30%5.81%6.93%
   - Index Credit* (Legacy Guaranteed SIUL) 9.5% Annual CapN/A4.25%6.46%6.00%7.18%
   - Index Credit* (XL Heritage) 6.5% Annual CapN/A4.25%5.48%4.83%5.58%
   - Index Credit* (XL-CV5) 50.25% Participation RateN/A2.14%5.02%4.53%6.61%
   - Index Credit* (XL-CV Max) 46.5% Participation RateN/A1.98%4.65%4.20%6.13%
   - Index Credit* (XL-DB4) 42.5% Participation RateN/A1.81%4.25%3.84%5.61%
   - Index Credit* (XL-EC5) 37.5% Participation RateN/A1.59%3.76%3.39%4.96%
   - Index Credit* (Legacy Guaranteed SIUL) 40% Participation RateN/A1.70%4.01%3.62%5.28%
   - Index Credit* (XL-CV5) 9.75% Annual Cap and 140% Participation RateN/A5.95%7.88%7.01%8.19%
   - Index Credit* (XL-CV Max) 9% Annual Cap and 140% Participation RateN/A5.95%7.63%6.72%7.74%
   - Index Credit* (XL-DB4) 8% Annual Cap and 140% Participation RateN/A5.95%7.30%6.32%7.15%
   - Index Credit* (XL-EC5) 7% Annual Cap and 140% Participation RateN/A5.95%6.65%5.74%6.37%
   - Index Credit* (XL-CV5) 4.05% SpreadN/A0.20%5.82%5.44%9.19%
   - Index Credit* (XL-CV Max) 4.4% SpreadN/A0.00%5.52%5.19%8.90%
   - Index Credit* (XL-DB4) 5% SpreadN/A0.00%5.13%4.85%8.42%
   - Index Credit* (XL-EC5) 5.75% SpreadN/A0.00%4.67%4.42%7.85%
   - Index Credit* (XL Heritage) 5.75% SpreadN/A0.00%4.67%4.42%7.85%
Monthly Point to Point Crediting Method
   - Index Growth (Market)N/A5.06%9.81%8.94%12.93%
   - Index Credit* (XL-CV5) 3.15% Monthly CapN/A3.15%7.53%7.01%6.31%
   - Index Credit* (XL-CV Max) 2.95% Monthly CapN/A2.75%7.12%6.73%5.99%
   - Index Credit* (XL-DB4) 2.70% Monthly CapN/A1.81%6.33%6.16%5.45%
   - Index Credit* (XL-EC5) 2.40% Monthly CapN/A0.15%5.29%5.43%4.77%
   - Index Credit* (Legacy Guaranteed SIUL) 2.25% Monthly CapN/A0.00%5.10%5.26%4.53%

S&P MidCap 400Average Annualized Value
Year-To-Date1 Year3 Year5 Year10 Year
Daily Average Crediting Method
   - Index Growth (Market)1.11%1.88%2.99%3.61%8.77%
   - Index Credit* (XL-CV4) 62.5% Participation RateN/A1.18%1.88%2.26%5.54%
   - Index Credit* (XL-DB3) 57.5% Participation RateN/A1.08%1.73%2.08%5.10%
   - Index Credit* (XL-EC4) 52.5% Participation RateN/A0.99%1.58%1.90%4.66%
   - Index Credit* (Legacy Guaranteed SIUL) 57.5% Participation RateN/A1.08%1.73%2.08%5.10%
Annual Point to Point Crediting Method
   - Index Growth (Market)-2.02%-1.08%8.72%7.58%15.15%
   - Index Credit* (XL-CV5) 9.25% Annual CapN/A0.00%6.08%6.00%7.05%
   - Index Credit* (XL-CV Max) 8.5% Annual CapN/A0.00%5.59%5.57%6.54%
   - Index Credit* (XL-DB4) 7.5% Annual CapN/A0.00%4.94%4.98%5.85%
   - Index Credit* (XL-EC5) 6.5% Annual CapN/A0.00%4.29%4.39%5.16%
   - Index Credit* (Legacy Guaranteed SIUL) 6.5% Annual CapN/A0.00%4.29%4.39%5.16%

DJIAAverage Annualized Value
Year-To-Date1 Year3 Year5 Year10 Year
Daily Average Crediting Method
   - Index Growth (Market)1.34%3.44%4.98%3.56%5.52%
   - Index Credit* (XL-CV4) 75% Participation RateN/A2.58%3.76%2.84%4.23%
   - Index Credit* (XL-DB3) 70% Participation RateN/A2.41%3.51%2.65%3.95%
   - Index Credit* (XL-EC4) 65% Participation RateN/A2.24%3.26%2.46%3.67%
   - Index Credit* (Legacy Guaranteed SIUL) 70% Participation RateN/A2.41%3.51%2.65%3.95%
Annual Point to Point Crediting Method
   - Index Growth (Market)2.88%5.22%12.96%9.79%12.10%
   - Index Credit* (XL-CV4) 8.5% Annual CapN/A5.22%7.20%5.98%6.98%
   - Index Credit* (XL-DB3) 7.5% Annual CapN/A5.22%6.73%5.50%6.39%
   - Index Credit* (XL-EC4) 6.5% Annual CapN/A5.22%6.07%4.91%5.69%
   - Index Credit* (Legacy Guaranteed SIUL) 7.5% Annual CapN/A5.22%6.73%5.50%6.39%

NASDAQ-100Average Annualized Value
Year-To-Date1 Year3 Year5 Year10 Year
Annual Point to Point Crediting Method
   - Index Growth (Market)6.72%9.17%14.21%14.83%20.34%
   - Index Credit* (XL-CV5) 9.25% Annual CapN/A9.17%7.15%7.89%8.48%
   - Index Credit* (XL-CV Max) 8.5% Annual CapN/A8.50%6.68%7.41%7.94%
   - Index Credit* (XL-DB4) 7.5% Annual CapN/A7.50%6.03%6.61%7.06%
   - Index Credit* (XL-EC5) 6.5% Annual CapN/A6.50%5.37%5.82%6.16%
   - Index Credit* (Legacy Guaranteed SIUL) 6.5% Annual CapN/A6.50%5.37%5.82%6.16%

Russell 2000Average Annualized Value
Year-To-Date1 Year3 Year5 Year10 Year
Daily Average Crediting Method
   - Index Growth (Market)3.68%3.67%2.11%2.53%8.06%
   - Index Credit* (XL-CV4) 62.5% Participation RateN/A2.30%2.13%2.07%5.34%
   - Index Credit* (XL-DB3) 57.5% Participation RateN/A2.11%1.96%1.91%4.92%
   - Index Credit* (XL-EC4) 52.5% Participation RateN/A1.93%1.79%1.74%4.50%
   - Index Credit* (Legacy Guaranteed SIUL) 57.5% Participation RateN/A2.11%1.96%1.91%4.92%
Annual Point to Point Crediting Method
   - Index Growth (Market)-1.08%-0.70%8.57%6.31%13.90%
   - Index Credit* (XL-CV5) 9.25% Annual CapN/A0.00%6.08%4.84%6.23%
   - Index Credit* (XL-CV Max) 8.5% Annual CapN/A0.00%5.59%4.55%5.79%
   - Index Credit* (XL-DB4) 7.5% Annual CapN/A0.00%4.94%4.16%5.21%
   - Index Credit* (XL-EC5) 6.5% Annual CapN/A0.00%4.29%3.77%4.62%
   - Index Credit* (Legacy Guaranteed SIUL) 6.5% Annual CapN/A0.00%4.29%3.77%4.62%

EURO STOXX 50Average Annualized Value
Year-To-Date1 Year3 Year5 Year10 Year
Annual Point to Point Crediting Method
   - Index Growth (Market)-9.08%-11.12%-3.27%0.62%3.32%
   - Index Credit* (XL-CV5) 11% Annual CapN/A0.00%3.54%4.81%5.59%
   - Index Credit* (XL-CV Max) 10.25% Annual CapN/A0.00%3.31%4.67%5.35%
   - Index Credit* (XL-DB4) 9.5% Annual CapN/A0.00%3.07%4.53%5.06%
   - Index Credit* (XL-EC5) 8.5% Annual CapN/A0.00%2.76%4.33%4.67%
   - Index Credit* (Legacy Guaranteed SIUL) 8.5% Annual CapN/A0.00%2.76%4.33%4.67%

Optimal (Multi-Index) Strategy**Average Annualized Value
Year-To-Date1 Year3 Year5 Year10 Year
Annual Point to Point Crediting Method
   - Index Growth (Market)-0.95%-0.31%7.25%7.27%12.39%
   - Index Credit* (XL-CV5) 8.75% Annual CapN/A0.00%4.29%5.44%6.27%
   - Index Credit* (XL-CV Max) 8% Annual CapN/A0.00%4.05%5.15%5.83%
   - Index Credit* (XL-DB4) 7% Annual CapN/A0.00%3.73%4.75%5.24%
   - Index Credit* (XL-EC5) 6% Annual CapN/A0.00%3.40%4.36%4.65%
   - Index Credit* (Legacy Guaranteed SIUL) 6% Annual CapN/A0.00%3.40%4.36%4.65%

* Index Credits indicate performance that would have been realized based on current caps and participation rates of the XL products. The Index Credits assume a single premium payment and an ending date of the Index Period for only the Month Ending date noted above. The actual Index Credits for a policy can fluctuate widely depending on the payment date of the premium and the number of payments made into the policy (e.g. monthly premium payments). Any change in either the caps or participation rates would result in different values than those shown for the Index Credits.

** The Optimal Strategy is an Annual Point to Point crediting method which uses a combination of three separate indices: S&P 500, Russell 2000 and EURO STOXX 50. It takes 50% of the best performing index, 30% of the 2nd best performing index, and 20% of the third best performing index to determine the index growth. The combined growth is then subject to a current cap rate to derive the index credit.

Surrenders made during a surrender charge period may reduce the death benefit and cash value.

THE S&P 500® COMPOSITE STOCK PRICE INDEX;
THE S&P 400® COMPOSITE STOCK PRICE INDEX; and
THE DOW JONES INDUSTRIAL AVERAGE® (DJIA®) COMPOSITE STOCK PRICE INDEX

These Indices do not include dividends paid by the underlying companies.

The S&P MidCap 400® DJIA® and the S&P 500® Indices are products of S&P Dow Jones Indices LLC (“SPDJI”), and has been licensed for use by Midland National Life Insurance Company. Standard & Poor's®, S&P®, S&P MidCap 400® and S&P 500® are registered trademarks of Standard & Poor's Financial Services LLC (“S&P”); Dow Jones® and DJIA® are  registered trademarks of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by the Company.  The Company's Product(s) are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P MidCap 400® and S&P 500® Indices.

The EURO STOXX 50® is the intellectual property (including registered trademarks) of STOXX Limited, Zurich, Switzerland and/or its licensors ("Licensors"), which is used under license. The Index Accounts in this Product based on the Index are in no way sponsored, endorsed, sold or promoted by STOXX and its Licensors and neither of the Licensors shall have any liability with respect thereto.

Frank Russell Company (“Russell”) is the source and owner of the trademarks, service marks and copyrights related to the Russell Indexes. Russell® is a trademark of Frank Russell Company. Neither Russell nor its licensors accept any liability for any errors or omissions in the Russell Indexes and / or Russell ratings or underlying data and no party may rely on any Russell Indexes and / or Russell ratings and / or underlying data contained in this communication. No further distribution of Russell Data is permitted without Russell's express written consent. Russell does not promote, sponsor or endorse the content of this communication.

The NASDAQ-100®, NASDAQ-100 INDEX® and NASDAQ® are registered marks of the NASDAQ Stock Market Inc. (which with its affiliates are the “Corporations”) and are licensed for use by Midland National Life Insurance Company. This product has not been passed on by the Corporations as to their legality or suitability. This product is not issued, endorsed, sold or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THIS PRODUCT. THIS INDEX DOES NOT INCLUDE DIVIDENDS PAID BY THE UNDERLYING COMPANIES.

Midland National's Indexed Universal Life is not sponsored, endorsed, sold or promoted by the S&P 500®, S&P MidCap 400®, DJIA®, EURO STOXX 50®, NASDAQ-100®, and Russell 2000®, and they make no representation regarding the advisability of purchasing this contract or investing in this product.

Life insurance policies have terms under which the policy may be continued in force or discontinued. Current cost of insurance rates and interest rates are not guaranteed. Therefore, the planned periodic premium may not be sufficient to carry the contract to maturity. The Index Accounts are subject to caps and participation rates. In no case will the interest credited be less than 0 percent. Please refer to the customized illustration provided by your agent for additional detail. The policy's death benefit is paid upon the death of the insured. The policy does not continue to accumulate cash value and excess interest after the insured's death. For costs and complete details, call or write Midland National, Administrative Office, One Sammons Plaza, Sioux Falls, SD 57193. Telephone 800-923-3223.

Midland National's XL-DB3/XL-DB4, XL-CV4/XL-CV5, XL-Heritage, XL-CV Max, XL-EC4/XL-EC5, and Legacy Guaranteed SIUL indexed universal life insurance are issued on policy form series L143, L140, L145, L147, L144 / L144W with Waiver of Surrender Charge, L139 / L139W with Waiver of Surrender Charge, respectively, by Midland National Life Insurance Company, Administrative Office, One Sammons Plaza, Sioux Falls, SD 57193. Products, features, endorsements, riders, or issue ages may not be available in all jurisdictions. Limitations or restrictions may apply.

 

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