MIDWEST INSURANCE GROUP - Innovative Insurance Products for the Financial Professional
NSS Annuity products/No maximum issue age
 
Rates effective: 2-1-2020
 
3 Year SPDA: "Optimum 3".
 
SPDA contract.
Maximum premium: $25,000.00.
Current rate: 2.00% guaranteed for 3 years, then liquid.
Minimum guarantee rate: 1.00%.
Maximum premium: $25,000.00.
Liquidity: 10% per contract year.
Surrender charges in excess of penalty free withdrawals:
6%,5%,4%.
Available in the following states:
WI,CT,IL,IN,NJ,OH,PA,WV,CA,NC,FL and CO.
 
5 Year FPDA: "Preferred Five"
 
FPDA contract.
Maximum premium: $100,000.00, without Home Office approval
Current rate: 3.00% 
Current renewal rate for contracts 1 year old and older 3.25%.
Minimum guarantee rate 2.00%.
Liquidity: 10% penalty free withdrawals, each contract year.
Surrender charges in excess of penalty free withdrawals:
6%,5%,4%,3%,2%,0%.
 
Available in the following states:
WI,CT,IL,IN,NJ,OH,PA,WV,CA,NC,FL, and CO.
 
 
8 year FPDA: "Preferred Eight"
 
 
Maximum premium: $100,000.00 without Home Office approval
Current rate: 3.50% 
Minimum guarantee 2.00%.
Liquidity: 10% penalty free withdrawals, years 1-8.
Surrender charges in excess of penalty free withdrawals:
9%,8%,7%,6%,5%,4%,3%,2%,0%.
Available in the following states:
WI,CT,IL,IN,NJ,OH,PA,WV,CA,NC,FL, and CO.
 
Single Premium Immediate Annuity "SPIA"
 
Period certain's from 5 years through 20 years.
Life contingencies, and joint life contingencies
available.
Current rates:
10 year certain and beyond 2.75%.
Less than 10 year certain periods 2.00%.
$100,000.00 max premium, without Home Office approval
 
 
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