Indexed Universal Life Insurance Performance

The chart below provides historical averages of the performance of the various indices and crediting methods available in the indexed universal life (IUL) insurance 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's IUL 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 2/5/2025. Historical performance of the indices is not intended to predict or project performance.

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 Monthly Point to Point

Index Growth & Index Credits for Month Ending 1/31/2025

S&P 500®Average Annualized Value
Year-To-Date1 Year3 Year5 Year10 Year
Annual Point to Point Crediting Method
   - Index Growth (Market)2.70%24.66%10.18%13.37%11.57%
   - S&P 500® – Annual Point to Point* (Strategic Accumulator 3) 10.5% Annual Cap, 0.25% FloorN/A10.50%6.97%8.37%7.32%
   - S&P 500® – Annual Point to Point* (Strategic Protector 2) 8.25% Annual Cap, 0.25% FloorN/A8.25%5.51%6.60%5.79%
   - S&P 500® – Annual Point to Point* (Strategic Accelerator 3) 7.5% Annual Cap, 0.25% FloorN/A7.50%5.03%6.01%5.27%
   - Uncapped S&P 500® – Annual Point to Point* (Strategic Accumulator 3) 62% Participation Rate, 0% FloorN/A15.29%8.79%9.81%8.57%
   - Uncapped S&P 500® – Annual Point to Point* (Strategic Protector 2) 56% Participation Rate, 0% FloorN/A13.81%7.96%8.87%7.75%
   - Uncapped S&P 500® – Annual Point to Point* (Strategic Accelerator 3) 50% Participation Rate, 0% FloorN/A12.33%7.12%7.93%6.94%
   - High Par S&P 500® – Annual Point to Point* (Strategic Accumulator 3) 9.65% Annual Cap and 140% Participation Rate, 0% FloorN/A9.65%6.33%7.65%6.66%
   - High Par S&P 500® – Annual Point to Point* (Strategic Protector 2) 7.85% Annual Cap and 140% Participation Rate, 0% FloorN/A7.85%5.17%6.23%5.43%
   - High Par S&P 500® – Annual Point to Point* (Strategic Accelerator 3) 7.2% Annual Cap and 140% Participation Rate, 0% FloorN/A7.20%4.74%5.72%4.99%
   - S&P 500® – Annual Point to Point with Spread* (Strategic Accumulator 3) 6% Spread, 0% FloorN/A18.66%10.23%11.06%9.67%
   - S&P 500® – Annual Point to Point with Spread* (Strategic Protector 2) 6.5% Spread, 0% FloorN/A18.16%9.91%10.67%9.33%
   - S&P 500® – Annual Point to Point with Spread* (Strategic Accelerator 3) 8.5% Spread, 0% FloorN/A16.16%8.63%9.11%7.98%
Monthly Point to Point Crediting Method
   - Index Growth (Market)N/A22.81%10.30%13.70%11.62%
   - S&P 500® Monthly Point-to-Point* (Strategic Accumulator 3) 3.50% Monthly Cap, 0% Annual FloorN/A16.38%8.43%7.50%8.36%
   - S&P 500® Monthly Point-to-Point* (Strategic Protector 2) 2.90% Monthly Cap, 0% Annual FloorN/A13.38%6.63%5.96%7.19%
   - S&P 500® Monthly Point-to-Point* (Strategic Accelerator 3) 2.70% Monthly Cap, 0% Annual FloorN/A12.19%5.92%5.34%6.69%

Fidelity Multifactor Yield Index℠ 5% ERAverage Annualized Value
Year-To-Date1 Year3 Year5 Year10 Year
Annual Point to Point Crediting Method
   - Index Growth (Market)0.61%0.35%-1.92%-0.68%1.77%
   - Fidelity Multifactor Yield IndexSM 5% ER – Annual Point to Point* (Strategic Accumulator 3) 200% Participation Rate, 0% FloorN/A0.70%1.30%1.74%5.85%
   - Fidelity Multifactor Yield IndexSM 5% ER – Annual Point to Point* (Strategic Protector 2) 170% Participation Rate, 0% FloorN/A0.60%1.10%1.48%5.00%
   - Fidelity Multifactor Yield IndexSM 5% ER – Annual Point to Point* (Strategic Accelerator 3) 175% Participation Rate, 0% FloorN/A0.61%1.14%1.53%5.14%
   - High Par Fidelity Multifactor Yield IndexSM 5% ER – Annual Point to Point* (Strategic Accumulator 3) 240% Participation Rate, 0% FloorN/A0.84%1.55%2.09%6.95%
   - High Par Fidelity Multifactor Yield IndexSM 5% ER – Annual Point to Point* (Strategic Protector 2) 210% Participation Rate, 0% FloorN/A0.74%1.36%1.83%6.12%
   - High Par Fidelity Multifactor Yield IndexSM 5% ER – Annual Point to Point* (Strategic Accelerator 3) 190% Participation Rate, 0% FloorN/A0.67%1.23%1.66%5.57%

S&P MidCap 400®Average Annualized Value
Year-To-Date1 Year3 Year5 Year10 Year
Annual Point to Point Crediting Method
   - Index Growth (Market)3.78%18.55%7.12%10.04%8.39%
   - S&P MidCap 400® Annual Point-to-Point* (Strategic Accumulator 3) 11.15% Annual Cap, 0% FloorN/A11.15%4.84%7.16%6.68%
   - S&P MidCap 400® Annual Point-to-Point* (Strategic Protector 2) 9% Annual Cap, 0% FloorN/A9.00%4.16%6.07%5.69%
   - S&P MidCap 400® Annual Point-to-Point* (Strategic Accelerator 3) 8% Annual Cap, 0% FloorN/A8.00%3.84%5.48%5.10%


Russell 2000®Average Annualized Value
Year-To-Date1 Year3 Year5 Year10 Year
Annual Point to Point Crediting Method
   - Index Growth (Market)2.58%17.48%4.09%7.22%6.89%
   - Russell 2000® Annual Point-to-Point* (Strategic Accumulator 3) 11.35% Annual Cap, 0% FloorN/A11.35%3.92%4.56%5.25%
   - Russell 2000® Annual Point-to-Point* (Strategic Protector 2) 9.4% Annual Cap, 0% FloorN/A9.40%3.31%3.82%4.51%
   - Russell 2000® Annual Point-to-Point* (Strategic Accelerator 3) 8.25% Annual Cap, 0% FloorN/A8.25%2.95%3.39%4.07%

THIS MARKETING MATERIAL MAY NOT BE AVAILABLE FOR USE IN ALL STATES.

* Index Credits indicate performance that would have been realized based on current caps and participation rates of the indexed universal life insurance 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.

Life insurance policies have terms under which the policy may be continued in force or discontinued. Permanent life insurance requires monthly deductions to pay the policy's charges and expenses, some of which will increase as the insured gets older. These deductions may reduce the cash value of the policy. Current cost of insurance rates and current interest rates are not guaranteed. Therefore, the planned periodic premium may not be sufficient to carry the contract to maturity. For costs and complete details, refer to the policy or call or write Midland National Life Insurance Company, One Sammons Plaza, Sioux Falls, SD 57193. Telephone: 800-923-3223.

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

THE S&P 500® Index
THE S&P MidCap 400® Index

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

The S&P MidCap 400®, and the S&P 500® (“the Indices”) are products of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”) and have been licensed for use by Midland National® Life Insurance Company (“the Company”). S&P®, S&P 500®, US 500, The 500, iBoxx® , iTraxx® and CDX® are trademarks of S&P Global, Inc. or its affiliates (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). It is not possible to invest directly in an index. The Company’s Product is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, or any of their respective affiliates (collectively, “S&P Dow Jones Indices”). S&P Dow Jones Indices does not make any representation or warranty, express or implied, to the owners of the Company’s Product or any member of the public regarding the advisability of investing in securities generally or in the Company’s Product particularly or the ability of the Indices to track general market performance. Past performance of an index is not an indication or guarantee of future results. S&P Dow Jones Indices’ only relationship to the Company with respect to the Indices is the licensing of the Index and certain trademarks, service marks and/or trade names of S&P Dow Jones Indices and/or its licensors. The Indices are determined, composed and calculated by S&P Dow Jones Indices without regard to the Company or the Company’s Product. S&P Dow Jones Indices has no obligation to take the needs of the Company or the owners of the Company’s Product into consideration in determining, composing or calculating the Indices. S&P Dow Jones Indices has no obligation or liability in connection with the administration, marketing or trading of the Company’s Product. There is no assurance that investment products based on the Indices will accurately track index performance or provide positive investment returns. S&P Dow Jones Indices LLC is not an investment adviser, commodity trading advisory, commodity pool operator, broker dealer, fiduciary, “promoter” (as defined in the Investment Company Act of 1940, as amended), “expert” as enumerated within 15 U.S.C. § 77k(a) or tax advisor. Inclusion of a security, commodity, crypto currency or other asset within an index is not a recommendation by S&P Dow Jones Indices to buy, sell, or hold such security, commodity, crypto currency or other asset, nor is it considered to be investment advice or commodity trading advice.

S&P DOW JONES INDICES DOES NOT GUARANTEE THE ADEQUACY, ACCURACY, TIMELINESS AND/OR THE COMPLETENESS OF THE INDICES OR ANY DATA RELATED THERETO OR ANY COMMUNICATION, INCLUDING BUT NOT LIMITED TO, ORAL OR WRITTEN COMMUNICATION (INCLUDING ELECTRONIC COMMUNICATIONS) WITH RESPECT THERETO. S&P DOW JONES INDICES SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY FOR ANY ERRORS, OMISSIONS, OR DELAYS THEREIN. S&P DOW JONES INDICES MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES, OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE OR AS TO RESULTS TO BE OBTAINED BY THE COMPANY, OWNERS OF THE COMPANY’S PRODUCT[S], OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE INDICES OR WITH RESPECT TO ANY DATA RELATED THERETO. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT WHATSOEVER SHALL S&P DOW JONES INDICES BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES INCLUDING BUT NOT LIMITED TO, LOSS OF PROFITS, TRADING LOSSES, LOST TIME OR GOODWILL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, WHETHER IN CONTRACT, TORT, STRICT LIABILITY, OR OTHERWISE. S&P DOW JONES INDICES HAS NOT REVIEWED, PREPARED AND/OR CERTIFIED ANY PORTION OF, NOR DOES S&P DOW JONES INDICES HAVE ANY CONTROL OVER, THE COMPANY’S PRODUCT[S] REGISTRATION STATEMENT, PROSPECTUS OR OTHER OFFERING MATERIALS. THERE ARE NO THIRD-PARTY BENEFICIARIES OF ANY AGREEMENTS OR ARRANGEMENTS BETWEEN S&P DOW JONES INDICES AND THE COMPANY, OTHER THAN THE LICENSORS OF S&P DOW JONES INDICES.

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 Fidelity Multifactor Yield Index 5% ER (the “Index”) is a multi-asset index, offering exposure to companies with attractive valuations, high quality profiles, positive momentum signals, lower volatility and higher dividend yield than the broader market, as well as U.S. treasuries, which may reduce volatility over time. Fidelity is a registered trademark of FMR LLC. Fidelity Product Services LLC (“FPS”) has licensed this index for use for certain purposes to Midland National® Life Insurance Company (the “Company”) on behalf of the Product. The Index is the exclusive property of FPS and is made and compiled without regard to the needs, including, but not limited to, the suitability needs, of the Company, the Product, or owners of the Product. The Product is not sold, sponsored, endorsed or promoted by FPS or any other party involved in, or related to, making or compiling the Index. The Company exercises sole discretion in determining whether and how the Product will be linked to the value of the Index. FPS does not provide investment advice to owners of the Product, nor to any other person or entity with respect to the Index and in no event shall any Product contract owner be deemed to be a client of FPS.

Neither FPS nor any other party involved in, or related to, making or compiling the Index has any obligation to continue to provide the Index to the Company with respect to the Product. Neither FPS nor any other party involved in, or related to, making or compiling the Index makes any representation regarding the Index, Index information, performance, annuities generally or the Product particularly.

Fidelity Product Services LLC disclaims all warranties, express or implied, including all warranties of merchantability or fitness for a particular purpose or use. Fidelity Product Services LLC shall have no responsibility or liability whatsoever with respect to the Product.

Index methodology: Fidelity Multifactor Yield Index 5% ER Index inception was 12/11/19. Returns of the Fidelity Multifactor Yield Index 5% ER prior to inception represent hypothetical pre-inception index performance (PIP), and returns for time frames after this date reflect actual index performance. PIP is based on criteria applied retroactively with the benefit of hindsight and knowledge of factors that may have positively affected performance. Each of Midland National's crediting methods and available indexes performs differently in various market scenarios. There is not one particular method or index that performs better than the other methods and indexes when observed in all market scenarios. Actual performance of the index may vary significantly from PIP data. For any index established during the last twenty years, performance before the inception is back-tested. Back casting and other statistical analyses use simulated analysis and hypothetical circumstances to estimate how the index may have performed prior to its actual existence. The results should not be considered indicative of the actual results that might be obtained from an investment in the index. The level of the Fidelity Multifactor Yield Index 5% ER is calculated on an excess return basis (net of a notional financing cost) and reflects the daily deduction of a fee of 0.50% per annum. The fee is not related to the annuity. The hypothetical performance information presented herein does not reflect fees and expenses that an investor would pay in a fixed index annuity. It is not possible to invest directly in an index. All market indices are unmanaged. Not intended to represent the performance of any fixed index annuity.

Strategic Protector® IUL 2 is issued on form P100/ICC22P100/P100CA (policy), E101/ICC22E101, E103/ICC22E103, E104/ICC22E104, E108/ICC22E108, E109/ICC22E109/TR197, E110/ICC22E110/TR20904, E111/ICC22E111/TR20804, E114/ICC24E114, R100/ICC23R100, R101/ICC23R101, R102/ICC23R102, R103/ICC22R103, R104/ICC24R104, R106/ICC23R106 (riders/endorsements) or appropriate state variation by Midland National® Life Insurance Company, West Des Moines, IA. Products, features, endorsements, riders or issue ages may not be available in all states. Limitations or restrictions may apply.

Strategic Accelerator® IUL 3 is issued on form P100/ICC22P100/P100CA (policy), E101/ICC22E101, E103/ICC22E103, E104/ICC22E104, E105/ICC22E105, R106/ICC23R106, R107/ICC22R107, E109/ICC22E109, TR197, E110/ICC22E110/TR20904, E111/ICC22E111/TR20804, R100/ICC23R100, R101/ICC23R101, R102/ICC23R102, R103/ICC22R103 (riders/endorsements) or appropriate state variation by Midland National® Life Insurance Company, West Des Moines, IA. Products, features, endorsements, riders or issue ages may not be available in all states. Limitations or restrictions may apply.

Strategic Accumulator® IUL 3 is issued on form P100/ICC22P100/P100CA (policy), E100/ICC22E100, E101/ICC22E101, E103/ICC22E103, E104/ICC22E104, E105/ICC22E105, E109/ICC22E109/TR197, E110/ICC22E110/TR20904, E111/ICC22E111/TR20804, E113/ICC24E113, E114/ICC24E114, R100/ICC23R100, R101/ICC23R101, R102/ICC23R102, R103/ICC22R103 and R106/ICC23R106 (riders/endorsements) or appropriate state variation by Midland National® Life Insurance Company, West Des Moines, IA. Products, features, endorsements, riders or issue ages may not be available in all states. Limitations or restrictions may apply.

 

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