Innovation Universal Life 2.3

Midland National’s Innovation Universal Life meets the needs of those looking for affordable, guaranteed and flexible life insurance protection, offering...

Guaranteed coverage – for all ages: with the Innovation Premium Guarantee Rider, your clients can extend the base plan's death-benefit guarantee to any duration up to age 100.¹
An Extended Maturity Option, which allows insureds to extend their coverage beyond age 100 (as long as it still qualifies as life insurance), regardless of account value.
The ability to change the death-benefit guarantee duration after issue by simply changing premiums.
Shorter death-benefit guarantees that cost less but maintain the same high rolling target premium as an age-100 guarantee (allowing you to get paid more)!
Death-benefit guarantees that can be reactivated for up to two years after becoming inactive.
Guarantees that are not lost when the death benefit option is changed, when policy loans are taken or when the face amount is increased.²
Pre-funding discounts, which save thousands over the lifetime of a policy.
Contractually guaranteed Zero-Cost Loans.
Solid cash-value accumulation.
Illustrated Premiums that allow payments to be received up to 30 days late without affecting the guarantee period.
Competitive Premiums
In addition, your clients have the ability to advance up to 24% of their death benefit per year through our no-cost ABR-C rider should they need help paying for expenses surrounding a chronic illness.

¹Like all death-benefit guarantees, the guarantee duration is subject to minimum premium requirements. ²More premium may be required. Innovation Universal Life 2.3 is issued on Form Series L123. Innovation Premium Guarantee Rider 2.3 is issued on Form Series TR124. Products, features, issue ages, or riders may not be available in all jurisdictions. Limitations or restrictions may apply.

Competitor information is obtained from sources believed to be reliable, but its accuracy or completeness is not guaranteed. This data is for informational purposes and is not intended as a solicitation or recommendation of any insurance product. All expressed information or opinions are subject to change without notice.

Century Universal Life-G, Innovation Universal Life 2.3, Executive Universal Life 5 and Premier Universal Life 4 are issued by Midland National Life Insurance Company, Sioux Falls, SD on policy form series L131, L123, L124 and L117A1, respectively. Products, features or riders may not be available in all jurisdictions. Limitations or restrictions may apply.