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.
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.
