In 2002, Midland National reached 100,000 annuity contract owners. Throughout the 2000s, the company experienced tremendous success, and offering multiple kinds of annuities, including fixed index, traditional fixed and immediate annuities. 2000s, 2003, Aughts, Midland National, Midland National Life, Milestone, Annuities, Contracts
1. Under current law, annuities grow tax deferred. An annuity is not required for tax deferral in qualified plans. Annuities may be subject to taxation during the income or withdrawal phase. Neither Midland National® Life Insurance Company, nor any agents acting on its behalf, should be viewed as providing legal, tax or investment advice. Your client should be advised to rely on their own qualified adviser. 2. Withdrawals taken prior to age 59 1/2 may be subject to IRS penalties.