Midland Retirement Distributors launches Summit Focus 3

Midland Retirement Distributors, a division of Sammons Institutional Group®, Inc. – a member company of Sammons Financial Group – announces the launch of Summit Focus^SM 3, a new three-year fixed index annuity.

Midland Retirement Distributors specializes in fixed and fixed index annuities that provide customers and clients with choice, focus, and flexibility in their retirement planning.

Issued by Midland National® Life Insurance Company, the Summit Focus^SM 3 offers simplicity and stability, with guaranteed crediting rates and upside potential with 100% protection against losses from stock market downturns. The focus on a three-year contract period is designed for clients who need a short-term solution during a time of transition, or who may be looking for more upside potential than a traditional fixed-rate product can offer. The product is aimed at clients with concerns about the potential for annually declining rates in subsequent years of a longer-term contract.

"In planning for retirement, it is vital to take a long-term look. Clients nearing retirement can have concerns about growing their money to make certain it is there when needed. This concern hasn't changed," said Bill Lowe, president of Sammons Institutional Group. "We want to have an option for clients who may need a stop-gap in their retirement planning, or who are uncomfortable with long surrender charges. The Summit Focus 3 helps deliver simplicity and stability through a shorter commitment or time frame."

The Summit Focus 3 fixed index annuity offers key consumer benefits, including:

• A short-term commitment of only three years¹
• Stable crediting rates that are guaranteed for the three-year term
• Protection against losses during a market downturn
• Upside growth potential based on the performance of quality index options
• Tax deferral, because a client pays no taxes until a withdrawal is taken²

"Summit Focus 3 fills a unique niche," Lowe added. "Midland Retirement Distributors is pleased to be able to add yet another solution to help financial professionals best serve their clients."

The companies of Sammons Financial Group® help families and businesses protect their future to enjoy life's moments today. A subsidiary of Sammons Enterprises, Inc., Sammons Financial Group is privately owned with member companies that are among the most enduring and stable in the financial services industry. Our companies include Midland National^® Life Insurance Company (including Sammons® Corporate Markets); North American Company for Life and Health Insurance^®; Sammons Institutional Group® (including Midland Retirement Distributors® and Sammons Retirement Solutions^®), and Beacon Capital Management, Inc. Together, we offer today's most sought-after life insurance, annuity, and retirement planning products.