Wednesday, August 02, 2006

 

Midland National Introduces One of the Most Innovative Variable Annuities Designs for the Registered Investment Market

Midland National Life Insurance Company, a member of the $25 billion Sammons Financial Group based in Chicago, IL, announced today that it has introduced the Vector Series Variable Annuity(SM), a fully unbundled variable annuity designed specifically for the Registered Investment Advisor Market. The Vector Variable Annuity is the first variable annuity to have unlimited trading restrictions on 49 actively traded funds(1) from Profunds, Rydex and DireXion, including 5 funds(1) that may be traded twice daily. Additionally, there are 30 core funds(1) from some of the strongest fund families in the industry.

Midland National Introduces One of the Most Innovative Variable Annuities Designs for the Registered
Source: MarketWire

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